The auto insurance industry in Europe is a robust sector dedicated to providing coverage for drivers and their vehicles. Key players include traditional insurers, innovative startups, and brokers that cater to varying needs, ranging from basic coverage to specialized policies. The industry is evolving rapidly, driven by advances in technology and changing consumer behaviors, emphasizing digital solutions and tailored services. This transformation includes a focus on telematics and user-centric products that offer flexibility and adjust premiums based on driving habits. As sustainability rises in priority, many companies are also exploring eco-friendly initiatives within their offerings.


The listed investors represent a mix of corporate and venture capital types, primarily based in major European cities such as London and Paris. They vary in size from small startups to large corporations, with founding years ranging from 1982 to 2017. Collectively, these investors completed numerous deals in 2024, exemplifying their active engagement in boosting innovation within the auto insurance sector. Their strategic investments aim to advance technologies and services in this essential industry.


Top 14 Auto Insurance Investors in Europe


1. PIB Group

  • Website: pibgroup.co.uk
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2015
  • Headcount: 1001-5000
  • Number of deals in 2024: 9
  • LinkedIn: pib-group

PIB Group is a London-based corporate investor founded in 2015, specializing in insurance intermediary services. With a workforce of 1001-5000 employees, PIB Group has made significant strides in the insurance market through a series of strategic acquisitions. Notably, they acquired Campion Insurance in November 2021 for approximately $81 million, which enhances their capabilities in the insurance sector. In addition, PIB Group has expanded its operations in Ireland and Spain through acquisitions such as Mike Murphy Insurance and Fabroker, respectively. These transactions reflect PIB Group's commitment to growing its portfolio in various insurance sectors, including auto insurance, as they cater to both businesses and consumers with diverse insurance needs.


2. Bpifrance French Tech Accélération


Bpifrance French Tech Accélération is a public entity and financial institution based in Paris, Île-De-France, France, founded in 2015. It supports entrepreneurs and businesses in France and internationally through a variety of services, including direct funding, export credit insurance, and private equity investments. Bpifrance aims to foster entrepreneurship and innovation by providing coaching and partnerships to help businesses navigate growth and international expansion. In the context of auto insurance, Bpifrance has been involved in several relevant transactions, such as investing in Lovys, a France-based InsurTech that raised €17 million in its Series A funding round, and Otherwise, a collaborative insurance provider that raised €1.6 million. These investments highlight Bpifrance's engagement in the insurance sector, particularly in innovative insurance solutions that could include auto insurance.


3. Howden Broking


Howden Broking, part of Howden Group, is a prominent insurance broker based in London, England, founded in 1994. The firm specializes in offering a diverse range of insurance products, including Home & Contents Insurance and Employee Benefits, catering to both individual consumers and businesses. Howden has been actively expanding its operations through strategic acquisitions, such as Laurie Ross, a personal and commercial lines broker in Scotland, which enhances their presence in the UK market. Additionally, their acquisition of Bridges Insurance Services in New Zealand further demonstrates their commitment to growing their insurance broking operations globally. These transactions highlight Howden's strategy to integrate various insurance services, including auto insurance, into their offerings, making them a significant player in the insurance industry.


4. Ardonagh Specialty

  • Website: ardonagh.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2017
  • Headcount: 1001-5000
  • Number of deals in 2024: 7
  • LinkedIn: ardonagh-specialty

Ardonagh Specialty, part of The Ardonagh Group, is an independent insurance broker based in London, England. Founded in 2017, the firm has quickly established itself in the insurance market, providing a diverse range of services to both individual consumers and businesses. Notably, Ardonagh has made significant strides in the auto insurance sector through strategic acquisitions. In 2018, they acquired the Swinton Group, enhancing their market presence. More importantly, in 2020, they acquired Lloyd Latchford Group, a specialist motor broker, for £15.3 million, integrating it into their Atlanta Holdings platform, which includes other auto insurance brands like Autonet and Carole Nash. This acquisition underscores their focus on the auto insurance market, making them a relevant player in this space. Additionally, their ongoing strategy to expand through acquisitions, such as Rollinson Smith Insurance Brokers in 2024, further demonstrates their commitment to growing their insurance services portfolio.


5. Kima Ventures

  • Website: kimaventures.com
  • Type: Venture Capital
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 2010
  • Headcount: 1-10
  • Number of deals in 2024: 50
  • LinkedIn: kima-ventures

Kima Ventures is a venture capital firm based in Paris, Île-De-France, France, founded in 2010. The firm specializes in investing in early-stage startups across various sectors, backing two startups per week with financial support and mentorship. Notably, Kima Ventures has participated in several transactions within the insurance sector, including investments in Flitter, a French insurtech that raised €2.5 million in 2022 and €3.5 million in 2023, indicating a strong focus on innovative insurance solutions. Additionally, they invested in Givesurance, which raised $100,000 in 2014, further showcasing their commitment to the insurance industry. These transactions highlight Kima Ventures' active role in supporting the growth of companies that could impact the auto insurance market.


6. Mundi Ventures


Mundi Ventures is a venture capital firm based in Madrid, Spain, founded in 2015. They focus on early-stage and growth-stage technology companies, managing approximately €500 million in assets. Mundi Ventures has a strong emphasis on sectors such as insurtech and health tech, providing capital and strategic guidance to help startups achieve their sustainability goals. Notably, they have been involved in significant transactions within the insurtech space, including multiple funding rounds for wefox, a Berlin-based digital insurer that has raised over $918 million since its inception. Their investments in wefox, including a Series C round of $650 million in 2021 and earlier Series B rounds, highlight their commitment to supporting innovative insurance solutions. Additionally, they have invested in Kinsu, which further demonstrates their engagement in the insurance technology landscape.


7. Aon

  • Website: aon.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1987
  • Headcount: 10001+
  • Number of deals in 2024: 2
  • LinkedIn: aon

Aon plc is a professional services firm specializing in risk management and human capital solutions, founded in 1987 and headquartered in London, England. With over 10,000 employees, Aon operates globally, providing a range of services including insurance broking, risk analytics, and consulting. Aon has made several strategic acquisitions to enhance its market position, including the acquisition of CoverWallet, a digital insurance platform aimed at small and medium-sized businesses, and the acquisition of insure.ie, which strengthens its presence in the personal lines insurance market, a sector that includes auto insurance. Aon's recent acquisition of NFP for $13.4 billion further solidifies its position in the global insurance broking sector, allowing it to expand its offerings across various insurance segments, including auto insurance.


8. Allianz X

  • Website: allianzx.com
  • Type: Corporate
  • Headquarters: Munich, Bavaria, Germany
  • Founded year: 2016
  • Headcount: 11-50
  • Number of deals in 2024: 6
  • LinkedIn: allianzx

Allianz X is a venture capital firm based in Munich, Bavaria, Germany, founded in 2016. It specializes in investing in digital growth companies within the insurtech and fintech sectors. Allianz X aims to provide strategic support and capital to help these companies scale their operations. Notably, Allianz X has made significant investments in the auto insurance space, including a Series D investment of $315 million in Pie Insurance in September 2022 and a Series C investment of $118 million in the same company in March 2021. Additionally, they participated in a funding round for Next Insurance, a small business insurer, alongside The Allstate Corporation, further demonstrating their commitment to the auto insurance market. Their focus on innovative insurance solutions positions them as a key player in the evolving landscape of auto insurance.


9. Crowdcube

  • Website: crowdcube.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2010
  • Headcount: 51-200
  • Number of deals in 2024: 3
  • LinkedIn: crowdcube-limited

Crowdcube is a London-based crowdfunding platform founded in 2010 that enables businesses to raise capital through equity investments. It connects startups and SMEs with potential investors, facilitating the funding process. The platform promotes diversity and inclusion within its workforce while providing investment management services to its clients. Notably, Crowdcube has been involved in several transactions relevant to the auto insurance sector, including Pikl, which raised $2,768,709 in March 2023, and Paper Insurance, which raised $238,671 in August 2022. Additionally, they supported Auto Lease Compare and honcho, both of which are related to the automotive and insurance industries, further solidifying their role as an investor in this space.


10. Index Ventures

  • Website: indexventures.com
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1996
  • Headcount: 51-200
  • Number of deals in 2024: 67
  • LinkedIn: index-ventures

Index Ventures is a venture capital firm founded in 1996, based in London, England. The firm invests in innovative startups across various sectors, including technology and healthcare, and is known for providing capital and strategic support to entrepreneurs. A notable aspect of their investment portfolio includes multiple funding rounds for Metromile, a pay-per-mile car insurance company, where they participated in Series A, B, D, and E rounds, contributing to a total of over $200 million in funding for the company. This involvement highlights their interest in the auto insurance sector, alongside their investments in other industries such as business insurance through CoverWallet. Index Ventures focuses on building long-term partnerships with founders to drive success, making them a significant player in the venture capital landscape.


11. Davies

  • Website: davies-group.com
  • Type: Corporate
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 1968
  • Headcount: 5001-10000
  • Number of deals in 2024: 8
  • LinkedIn: daviesgroup

Davies is a corporate consulting firm based in London, England, founded in 1968. The company specializes in providing professional services and technology solutions to the insurance and financial services sectors. With a workforce of 5001-10000 employees, Davies has been actively expanding its capabilities in the insurance market through strategic acquisitions. Notably, they have acquired Johnson Claim Service Inc., a transportation claims specialist, and Vehicle Replacement Group, which focuses on vehicle replacement services. These acquisitions enhance Davies' claims solutions business, particularly in the auto insurance context. Additionally, their acquisition of IAS Claim Services, which specializes in property claims, further strengthens their operational capabilities in the insurance sector. Overall, Davies is positioned as a significant player in the insurance industry, particularly in areas relevant to auto insurance.


12. Eurazeo

  • Website: eurazeo.com
  • Type: Private Equity
  • Headquarters: Paris, Île-De-France, France
  • Founded year: 1969
  • Headcount: 201-500
  • Number of deals in 2024: 40
  • LinkedIn: eurazeo

Eurazeo is a prominent investment management firm based in Paris, specializing in private equity, private debt, and real assets. Founded in 1969, the firm has established a significant presence in the investment management landscape, particularly in Europe. Eurazeo provides tailored investment strategies aimed at fostering growth and expansion across various sectors, including technology and healthcare. Notably, Eurazeo has made strategic investments in the insurtech sector, which is closely related to auto insurance. For instance, it participated in a $400 million Series D funding round for wefox, a Berlin-based digital insurer, and also led a $36 million Pre-Seed funding round for Igloo, a Singapore-based insurtech firm. These transactions highlight Eurazeo's active role in the insurance industry, particularly in innovative digital insurance solutions, making it a relevant investor in the auto insurance space.


13. Cvc

  • Website: cvc.com
  • Type: Private Equity
  • Headquarters: Luxembourg
  • Founded year: 2005
  • Headcount: 1001-5000
  • Number of deals in 2024: 16
  • LinkedIn: cvc-capital-partners

CVC Capital Partners is a prominent private equity firm based in Luxembourg, founded in 2005. The firm specializes in private equity, credit, secondaries, and infrastructure, managing approximately €193 billion in assets for over 1000 clients, including pension funds and institutional investors. CVC focuses on delivering sustainable value and growth through strategic investments. Notably, CVC has made significant strides in the insurance sector, acquiring Cunningham Lindsey, an insurance services company, in a deal valued between $900 million and $1 billion. They also acquired Domestic & General Group, which operates in the insurance space, and invested in Fidelis Insurance, a provider of insurance and reinsurance products. These transactions highlight CVC's active role in the insurance industry, particularly in areas that could intersect with auto insurance.


14. Insurtech Gateway

  • Website: insurtechgateway.com
  • Type: Venture Capital
  • Headquarters: London, England, United Kingdom (UK)
  • Founded year: 2016
  • Headcount: 11-50
  • Number of deals in 2024: 4
  • LinkedIn: insurtech-gateway

Insurtech Gateway is an insurtech incubator and venture capital firm based in London, England, founded in 2016. They specialize in supporting early-stage founders in developing innovative insurance solutions by providing incubation services, pre-seed funding, and access to insurance authorizations. Insurtech Gateway fosters collaboration between founders and industry stakeholders to drive innovation in the insurtech sector. Notably, they have been involved in several transactions relevant to the auto insurance industry, including investments in By Miles, a UK insurtech company that provides flexible insurance for lower mileage drivers and offers pay-by-mile car insurance. They also supported By Miles in multiple funding rounds, including a Series A and Series B. Additionally, they participated in the angel funding round for KOBA Insurance, a connected car insurance company in Australia, further showcasing their focus on the auto insurance market.



Auto Insurance Insights: Key Investors in Europe


InvestorHeadquarterSizeFoundedDeals 2024
PIB GroupLondon, England, United Kingdom (UK)1001-500020159
Bpifrance French Tech AccélérationParis, Île-De-France, France1-102015198
Howden BrokingLondon, England, United Kingdom (UK)10001+199414
Ardonagh SpecialtyLondon, England, United Kingdom (UK)1001-500020177
Kima VenturesParis, Île-De-France, France1-10201050
Mundi VenturesMadrid, Madrid, Spain11-5020157
AonLondon, England, United Kingdom (UK)10001+19872
Allianz XMunich, Bavaria, Germany11-5020166
CrowdcubeLondon, England, United Kingdom (UK)51-20020103
Index VenturesLondon, England, United Kingdom (UK)51-200199667
DaviesLondon, England, United Kingdom (UK)5001-1000019688
EurazeoParis, Île-De-France, France201-500196940
CvcLuxembourg1001-5000200516
Insurtech GatewayLondon, England, United Kingdom (UK)11-5020164


Want to find more investors focusing on the auto insurance industry?

If you want to find more investors that are active in the auto insuranceindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

  • Deal History: Number of deals and their sizes.
  • Portfolio: Companies they've invested in.
  • Contact data: Key dealmakers, including their emails and phonenumbers.
  • ...and much more!