The insurance technology industry focuses on modernizing traditional insurance practices through digital solutions and innovative technologies. Companies in this space typically offer software platforms that enhance underwriting, claims processing, and customer management. Key trends include increased automation, data utilization, and customer-centric services, driving both efficiency and accessibility in insurance. As technology progresses, insurers are exploring advanced analytics and AI, which are set to revolutionize risk assessment and underwriting practices. With heightened interest from investors, the industry is expected to grow rapidly, shaping the future of how insurance services are delivered and interacted with.

This list features 17 notable insurance technology companies, primarily headquartered across the USA, UK, and Singapore. Founded between 2008 and 2020, these firms range in size, with some employing thousands while others are smaller startups. Their specializations vary widely, from claims management and policy administration to embedded insurance solutions. Companies like EIS Ltd and Cover exemplify innovation in the sector by enhancing user experiences and improving operational processes. These players are increasingly important as insurance evolves to meet the demands of a digital-first world.

Read on to discover more about the top insurance technology companies.

Top 17 Insurance Technology Companies

1. EIS Ltd

• Website: eisgroup.com
• Ownership type: Private Equity
• Headquarters: San Francisco, California, United States (USA)
• Employee distribution: Latvia 18%, United States (USA) 18%, Poland 14%, Other 50%
• Latest funding: $100.0M, June 2021
• Founded year: 2008
• Headcount: 1001-5000
• LinkedIn: eisgroupltd

EIS Ltd, also known as EIS Group Inc., is a software company based in San Francisco, California, that specializes in insurance technology solutions. Established in 2008, EIS provides a comprehensive suite of products aimed at improving the operational efficiency of insurance companies. Their offerings include a core transformation platform, policy administration systems, and claims management solutions. EIS primarily serves insurers looking to modernize their processes and enhance customer experiences through innovative technology. The company has a global presence, with employees distributed across several countries, including Latvia, Poland, and Ukraine. In June 2021, EIS secured $100 million in funding, underscoring its potential for growth and its commitment to driving digital transformation in the insurance industry.

2. Cover

• Website: cover.com
• Ownership type: Venture Capital
• Headquarters: San Francisco, California, United States (USA)
• Employee distribution: United States (USA) 100%
• Latest funding: Series B, January 2021
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: cover-.

Cover, founded in 2016 and based in San Francisco, California, is an insurtech company that specializes in providing a user-friendly platform for individuals and families to obtain various types of insurance, including home, auto, life, and renters insurance. The company leverages technology to streamline the insurance purchasing process, allowing customers to receive personalized quotes and manage their policies with ease. Cover's platform connects users with over 30 different insurance providers, ensuring a wide range of options. Their team of sales advisors further enhances the customer experience by tailoring policies to meet specific needs, utilizing modern communication methods like text and chat. Cover is committed to improving financial well-being for everyone, particularly focusing on reaching underserved communities. With a workforce of approximately 86 employees, Cover continues to innovate and push the boundaries of traditional insurance practices, making it a relevant player in the insurance technology sector.

3. Sure

• Website: sureapp.com
• Ownership type: Venture Capital
• Headquarters: Dallas, Texas, United States (USA)
• Employee distribution: United States (USA) 87%, Pakistan 3%, Myanmar 3%, Other 8%
• Latest funding: Series C, $100.0M, October 2021
• Founded year: 2016
• Headcount: 501-1000
• LinkedIn: sure-insurance

Sure is an insurtech company based in Dallas, Texas, founded in 2016. The company specializes in providing digital insurance solutions that cater to a variety of clients, including insurance carriers, brands, and managing general agents (MGAs). Their platform integrates core insurance technologies, enabling clients to enhance their digital capabilities and improve customer experiences. Sure's offerings include simplified policy management, claims processing, and modern tools for insurance agents. They also provide APIs that allow businesses to embed insurance products seamlessly into their existing services. With a workforce of around 464 employees and a significant funding round of $100 million in October 2021, Sure is positioned to drive innovation in the insurance industry and support the digital transformation of its partners.

4. bolttech

• Website: bolttech.io
• Ownership type: Private Equity
• Headquarters: Singapore
• Employee distribution: Malaysia 17%, Portugal 14%, Hong Kong S.A.R 13%, Other 56%
• Latest funding: Series C, December 2024
• Founded year: 2020
• Headcount: 1001-5000
• LinkedIn: bolttech

bolttech is an insurtech company based in Singapore, founded in 2020. It operates a digital insurance exchange platform that connects insurers with businesses and consumers, streamlining the insurance purchasing process. The company offers a variety of insurance products and device protection services, enabling partners to enhance customer experiences and unlock new revenue streams. With a workforce of over 900 employees distributed across several countries, bolttech has established a significant international footprint. The company has raised substantial funding, including a Series B round that valued it at $1.6 billion, reflecting its rapid growth and the confidence of investors in its business model. bolttech's technology-driven approach and extensive network of distribution partners position it as a notable player in the insurance technology industry.

5. Qover

• Website: qover.com
• Ownership type: Venture Capital
• Headquarters: Brussels, Brussels, Belgium
• Employee distribution: Belgium 95%, United Kingdom (UK) 4%, Other 1%
• Latest funding: Series C, $30.0M, July 2023
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: qover

Qover is an insurtech company based in Brussels, Belgium, founded in 2016. The company specializes in embedded insurance solutions, providing a technology-driven platform that enables businesses to integrate a variety of insurance products into their services. This integration enhances customer experience and simplifies claims processes. Qover's clientele includes businesses from sectors such as fintech and retail, which utilize its services to improve their offerings. The company has recently secured $30 million in Series C funding, reflecting its growth trajectory and the increasing demand for its innovative solutions. With a workforce of approximately 135 employees, Qover operates primarily in Belgium and has expanded its reach across 32 countries in Europe, demonstrating its commitment to providing accessible insurance solutions.

6. Igloo

• Website: iglooinsure.com
• Ownership type: Private Equity
• Headquarters: Singapore
• Employee distribution: Indonesia 31%, Singapore 16%, Philippines 11%, Other 42%
• Latest funding: Series C, $36.0M, December 2023
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: axinan

Igloo, founded in 2016 and headquartered in Singapore, is an insurtech company that specializes in technology-driven insurance solutions across Southeast Asia. The firm offers a variety of insurance products, including automobile, cyber security, and travel insurance, catering to both consumers and businesses. Igloo's mission is to make insurance accessible and affordable, utilizing big data and artificial intelligence to enhance the customer experience. The company has facilitated over 500 million policies and has expanded its operations to several countries, including Indonesia, the Philippines, and Vietnam. Recently, Igloo secured $36 million in Series C funding, bringing its total fundraising to $100 million, which underscores its growth trajectory and investor interest. With a focus on innovative products like parametric index insurance and a digital platform for agents, Igloo is positioned as a significant player in the insurtech sector.

7. First Central

• Website: firstcentralgroup.com
• Ownership type: Private
• Headquarters: Haywards Heath, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 96%, Guernsey and Alderney 2%, Other 2%
• Founded year: 2008
• Headcount: 1001-5000
• LinkedIn: first-central-insurance

First Central Insurance & Technology Group, established in 2008, is a private insurance and technology firm based in Haywards Heath, England. The company operates through its subsidiaries, including its well-known insurance broker, 1st Central, which has become a prominent name in the UK car insurance market. First Central focuses on providing car insurance, underwriting services, and technology solutions, catering to both individual consumers and businesses. The company has developed a bespoke insurance platform that enhances the customer experience and improves operational efficiency. With a workforce of over 1,200 employees, First Central has made significant strides in the industry, achieving recognition for its innovative approaches and commitment to reducing fraud. Their underwriting brand utilizes advanced data analytics to assess risk, allowing them to offer competitive premiums. First Central has also received multiple awards for customer service and innovation, further solidifying its position in the insurance technology sector.

8. Insurtech Insights

• Website: insurtechinsights.com
• Ownership type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 92%, United States (USA) 4%, Hong Kong S.A.R 4%
• Latest funding: March 2025
• Founded year: 2018
• Headcount: 11-50
• LinkedIn: insurtech-insights

Insurtech Insights, founded in 2018 and based in London, is an insurtech company dedicated to transforming the insurance industry through technology. With a team of 11 to 50 employees, the company specializes in enhancing claims processing and underwriting by utilizing AI-driven platforms. It serves a variety of clients, including insurance providers and brokers, helping them streamline operations and improve customer service. Beyond technology solutions, Insurtech Insights plays a significant role in the industry by providing educational resources such as webinars and reports, which keep professionals informed about the latest trends and innovations. The company has established itself as a vital community for industry executives, entrepreneurs, and investors, fostering connections and knowledge sharing within the insurtech space.

9. Bdeo

• Website: bdeo.io
• Ownership type: Private Equity
• Headquarters: Madrid, Madrid, Spain
• Employee distribution: Spain 93%, Mexico 4%, France 4%
• Latest funding: Series B, $8.2M, June 2023
• Founded year: 2017
• Headcount: 51-200
• LinkedIn: bdeo

Bdeo, established in 2017 and headquartered in Madrid, Spain, is an insurance technology company that specializes in visual intelligence solutions for the motor and home insurance sectors. The company offers a suite of services designed to optimize processes such as policy underwriting, claims management, and fleet management. By leveraging advanced technology, Bdeo enables insurance companies to make faster and more informed decisions, ultimately enhancing customer experience and reducing operational costs. Their innovative approach has led to significant improvements in efficiency, with claims resolution times reduced from weeks to mere days. Bdeo has attracted substantial investment, securing 8.15 million euros in a Series B funding round in June 2023, which underscores the market's confidence in their capabilities. With a client roster that includes over 60 companies in 25 countries, Bdeo is actively contributing to the transformation of the insurance industry through its cutting-edge solutions.

10. Inclusivity Solutions

• Website: inclusivitysolutions.com
• Ownership type: Venture Capital
• Headquarters: Cape Town, Western Cape, South Africa
• Employee distribution: South Africa 45%, Kenya 32%, Zambia 14%, Other 9%
• Latest funding: Series A, $1.5M, October 2023
• Founded year: 2015
• Headcount: 11-50
• LinkedIn: inclusivity-solutions

Inclusivity Solutions, founded in 2015 and based in Cape Town, South Africa, is an insurtech company dedicated to providing embedded insurance solutions specifically designed for emerging markets in Africa. Their flagship product, the ASPin platform, enables financial institutions such as banks, insurers, and fintechs to integrate insurance offerings into their existing services. This integration not only enhances customer engagement but also broadens access to insurance for underserved populations. The company operates in nine African countries, including Kenya, Zambia, and Rwanda, and has established partnerships with various financial institutions to deliver tailored insurance products. Inclusivity Solutions recently secured $1.5 million in Series A funding, reflecting strong investor interest in their innovative approach to insurance. Their mission is to make affordable and appropriate insurance accessible to vulnerable communities, thereby improving their quality of life and financial security.

11. Boost

• Website: boostinsurance.com
• Ownership type: Private Equity
• Headquarters: New York, New York, United States (USA)
• Employee distribution: United States (USA) 95%, Bangladesh 5%
• Latest funding: July 2024
• Founded year: 2017
• Headcount: 51-200
• LinkedIn: boostinsurance

Boost Insurance, founded in 2017 and based in New York, is a private equity-backed digital insurance platform. The company specializes in providing comprehensive insurance solutions tailored for insurtechs and managing general agents (MGAs). Boost offers a robust infrastructure that simplifies the insurance program lifecycle, allowing clients to manage their offerings with greater efficiency. Their platform includes customizable white-label products supported by strong reinsurance capacity, a modern policy administration system, and real-time data insights. Boost has been recognized for its innovative products, such as the Startup Management Liability insurance, which addresses the needs of startups often overlooked by traditional insurers. The company has successfully facilitated over $100 billion in protection for various brands, demonstrating its impact in the insurance industry.

12. Zensung Singapore Pte. Ltd.

• Website: zensung.com
• Ownership type: Venture Capital
• Headquarters: Singapore
• Employee distribution: India 91%, Indonesia 9%
• Latest funding: Pre-seed, $2.0M, January 2020
• Founded year: 2017
• Headcount: 11-50
• LinkedIn: zensung

Zensung Singapore Pte. Ltd. is a FinTech and InsurTech company founded in 2017, based in Singapore. The company specializes in AI-driven insurance solutions, with a strong emphasis on transforming traditional insurance practices into more efficient, digital processes. Their primary offering, the Drivesung™ mobile application, provides users with detailed driving analysis and risk assessments, which can lead to safer driving habits and potentially lower insurance premiums. Zensung serves a variety of clients, including insurance companies, agents, and individual consumers, and has developed a suite of products that extend beyond auto insurance to include property, health, and travel insurance. The company has received $2 million in pre-seed funding, which supports its growth and innovation efforts. Zensung is actively involved in multiple Southeast Asian markets, working closely with insurance regulators to ensure compliance and trust in their AI models and insurance products.

13. Cytora

• Website: cytora.com
• Ownership type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 77%, United States (USA) 15%, Spain 6%, Other 2%
• Latest funding: Series B, $32.6M, April 2019
• Founded year: 2014
• Headcount: 51-200
• LinkedIn: cytora

Cytora is an insurance technology firm based in London, UK, established in 2014. The company specializes in providing digital risk processing solutions powered by artificial intelligence. Their platform is designed to help insurance companies streamline their underwriting and claims workflows, ultimately enhancing efficiency and decision-making capabilities. Cytora's clientele primarily consists of businesses within the insurance sector, all seeking to improve their operational capabilities through advanced technology. The company has successfully raised significant funding, with a Series B round totaling approximately $32.6 million in April 2019. This financial backing supports their ongoing development and innovation in the insurance technology space.

14. Klimber

• Website: klimber.com
• Ownership type: Corporate
• Headquarters: Buenos Aires, Buenos Aires, Argentina
• Employee distribution: Argentina 80%, United States (USA) 10%, Brazil 10%
• Latest funding: Seed, February 2022
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: klimber-digital-insurance

Klimber is an insurtech company based in Buenos Aires, Argentina, founded in 2016. The company specializes in digital insurance solutions, providing infrastructure for insurance distribution and automating transactions. Klimber partners with various financial and insurance entities to enhance accessibility and efficiency in the insurance market, particularly in Latin America. Since its inception, Klimber has focused on addressing the coverage deficit in the region, launching the first digital life insurance in Latin America and expanding its operations to countries like Brazil, Mexico, and Chile. With over 7.3 million insured individuals and 154 million policies issued, Klimber has established itself as a significant player in the insurtech space, emphasizing data-driven insights and innovative technology to improve the customer experience.

15. Open

• Website: beopen.com
• Ownership type: Private Equity
• Headquarters: Sydney, New South Wales, Australia
• Employee distribution: Australia 85%, United Kingdom (UK) 8%, United States (USA) 5%, Other 3%
• Latest funding: Series B, $22.6M, August 2021
• Founded year: 2016
• Headcount: 51-200
• LinkedIn: be-open

Open Insurance Technologies Pty Ltd, based in Sydney, Australia, is an insurtech company founded in 2016. The firm provides a variety of insurance products, including car, home, travel, and landlords insurance. Open focuses on embedding insurance solutions into digital platforms, enabling consumers and businesses to easily access and manage their insurance needs through technology-driven experiences. The company operates in Australia, New Zealand, and the UK, and has established partnerships with notable brands such as Bupa and ahm to offer white-labeled insurance products. Open has received significant funding, with a Series B round totaling approximately $22.6 million in August 2021, reflecting its growth trajectory and the increasing demand for innovative insurance solutions.

16. Zopper

• Website: zopper.com
• Ownership type: Venture Capital
• Headquarters: Noida, Uttar Pradesh, India
• Employee distribution: India 100%
• Latest funding: Series D, $25.0M, November 2024
• Founded year: 2011
• Headcount: 501-1000
• LinkedIn: zopper

Zopper is an InsurTech company based in Noida, Uttar Pradesh, India, founded in 2011. The company specializes in providing innovative insurance solutions tailored for financial institutions, digital businesses, and lifestyle sectors. Zopper's offerings include insurance APIs, customer management platforms, and sales solutions, which enable partners to enhance customer engagement and streamline their operations. With a workforce of approximately 884 employees, Zopper has made significant strides in the insurance technology industry, serving over 1200 cities across India. The company has raised a total of $100 million in funding, with the latest round being a Series D of $25 million in November 2024. This funding supports their mission to revolutionize insurance distribution and improve customer experiences through technology.

17. Toni Digital

• Website: tonidigital.ch
• Ownership type: Venture Capital
• Headquarters: Zurich, Zurich, Switzerland
• Employee distribution: Switzerland 100%
• Latest funding: Series B, $12.9M, January 2023
• Founded year: 2017
• Headcount: 11-50
• LinkedIn: toni-dis

Toni Digital, based in Zurich, Switzerland, is an insurtech company that specializes in digital insurance solutions. Founded in 2017, the company offers a range of insurance products, including car, life, and travel insurance. Their approach centers on enhancing customer experience through technology, providing intuitive online platforms that simplify the insurance process. Toni Digital serves a variety of clients, including insurers and brokers, by offering white-label solutions that enable these partners to deliver tailored insurance products under their own brands. The company has recently secured significant funding, with a Series B round amounting to approximately 12.9 million Swiss francs in January 2023, which underscores its growth trajectory and commitment to innovation in the insurance sector.

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