The insurtech industry is merging technology with insurance services to enhance customer experience and streamline processes. Companies in this sector commonly offer solutions like digital policy management, automated claims processing, and embedded insurance products. With advancements in data analytics and artificial intelligence, the industry is becoming more efficient, catering to an evolving consumer base. As customers demand user-friendly platforms, firms are increasingly focusing on convenience and accessibility. Interestingly, projected investments in insurtech are expected to rise significantly over the next few years, highlighting the industry’s robust growth trajectory and the potential for innovative business models.

This listing features 27 insurtech companies founded between 2005 and 2024, headquartered across various countries including the USA, United Kingdom, and Singapore. Company sizes range from small teams to large partnerships, with firms engaging in areas such as digital insurance solutions and data-backed underwriting services. Many companies emphasize technological integration into traditional insurance processes, while others focus on specific niches like automotive or embedded products, showing their unique approaches toward enhancing the insurance customer journey.

Read on to learn more about top insurtech companies.

Top 27 Insurtech Companies

1. 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 is an insurtech company based in San Francisco, California, founded in 2016. The company operates a platform that simplifies the process of obtaining home, auto, life, and renters insurance for individuals and families. By utilizing technology, Cover allows customers to receive personalized quotes and efficiently manage their insurance policies. The platform sources policies from over 30 different providers, ensuring a wide range of options for users. Cover's team of sales advisors further enhances the customer experience by tailoring policies to meet specific needs, communicating through text and chat. The company emphasizes its values of innovation, efficiency, and trust, aiming to educate customers and provide peace of mind in their insurance decisions. Cover is backed by notable investors and has a workforce of approximately 86 employees, all based in the United States.

2. 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 firm specializes in providing digital insurance solutions that include a range of insurance products and growth services. Their platform is designed to enhance the digital capabilities of insurance carriers, brands, and managing general agents (MGAs), ultimately improving customer experiences. Sure's offerings include policy management, claims processing, and modern tools for agents, all integrated into a centralized platform. The company has received significant venture capital funding, with a notable Series C round of $100 million in October 2021, which underscores its growth trajectory and relevance in the insurance technology sector. Sure's commitment to innovation and customer-centric solutions makes it a noteworthy player in the insurtech industry.

3. 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 various insurance products into their services. This approach enhances customer experience and simplifies claims processes for sectors such as fintech and retail. Qover's platform is designed to accommodate any product, country, and insurer, allowing for a flexible and modular setup. The company has recently secured $30 million in Series C funding in July 2023, which will help accelerate its growth and profitability. With a strong focus on customer satisfaction, Qover boasts a 90% customer satisfaction score and operates across 32 countries in Europe, making it a significant player in the insurtech industry.

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, facilitating the buying and selling of insurance products. The company offers a wide range of insurance solutions and device protection services, allowing partners to enhance customer experiences and create new revenue opportunities. With a workforce of approximately 1,000 employees and a presence in over 35 markets, bolttech has quickly gained traction in the industry. The company raised $196 million in its Series B funding round in May 2023, achieving a valuation of $1.6 billion. This funding has enabled bolttech to expand its technology capabilities and strengthen its partnerships with various distribution channels, further solidifying its position in the insurtech sector.

5. 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, tailored for both individual consumers and businesses. Igloo leverages advanced technologies such as big data and artificial intelligence to streamline the insurance process, aiming to make it more user-friendly and cost-effective. With a workforce of around 314 employees, the company has expanded its operations across multiple countries in the region, including Indonesia, the Philippines, and Vietnam. Igloo has successfully raised significant funding, totaling $100 million, with its latest Series C round bringing in $36 million in December 2023. This financial backing supports its mission to enhance insurance accessibility and affordability, as evidenced by the facilitation of nearly 500 million insurance policies since its inception. Igloo's innovative products, such as parametric index insurance for climate risk financing, reflect its commitment to addressing contemporary insurance challenges.

6. 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 for emerging markets across Africa. The company operates a digital insurance platform known as ASPin, which enables banks, insurers, and fintechs to integrate insurance products into their services. This integration not only enhances customer engagement but also improves access to insurance for underserved populations. Inclusivity Solutions has established partnerships with various financial institutions and has expanded its operations to nine countries, including Kenya, Zambia, and Ghana. The company recently secured $1.5 million in Series A funding in October 2023, highlighting its growth trajectory and commitment to innovation in the insurance sector. Their mission centers on making affordable insurance accessible to vulnerable communities, reflecting a strong social impact focus in their business model.

7. 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 specializes in embedding insurance products into digital platforms, offering a range of solutions including car, home, travel, and landlords insurance. Open's technology allows businesses to provide branded insurance products, enhancing customer experience through seamless integration. The company operates in Australia, New Zealand, and the UK, and has established partnerships with notable brands such as Bupa and ahm, which leverage Open's technology to offer insurance solutions. In August 2021, Open raised approximately $22.6 million in a Series B funding round, underscoring its growth potential and the confidence investors have in its business model.

8. 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 full-stack infrastructure that includes compliance, capital, and technology, all packaged into a single API-based solution. This allows clients to save time and resources when launching new insurance programs. Their product offerings range from commercial lines like SMB Commercial Cyber to innovative solutions such as crypto wallet insurance. Boost has been recognized for its contributions to the industry, receiving awards for its innovative products and support for startups. With a team of around 40 employees, Boost is actively engaged in transforming how insurance is delivered and managed in the digital age.

9. 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 innovative technology solutions. The firm specializes in enhancing claims processing and underwriting by leveraging artificial intelligence. By serving insurance providers and brokers, Insurtech Insights aims to improve operational efficiency and elevate customer service standards. The company also plays a significant role in the industry by offering educational resources, including webinars and comprehensive reports, which keep professionals informed about the latest trends and developments. With a small team of 11-50 employees, Insurtech Insights is actively involved in fostering a community of industry executives, entrepreneurs, and investors, making it a notable entity in the insurtech space.

10. 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, founded in 2016 and based in Buenos Aires, Argentina, is an insurtech company that specializes in digital insurance solutions. The firm focuses on creating infrastructure for insurance distribution, automating transactions, and partnering with various financial and insurance entities to enhance market accessibility and efficiency. Klimber has made significant strides in the Latin American insurance market, boasting over 7.3 million insured individuals and having issued 154 million policies. The company is known for its innovative approach, having launched the first digital life insurance in the region and establishing partnerships with key players like MetLife and Mercado Pago. Klimber's technology enables a high level of automation, with 94% of transactions being automated, which streamlines the customer experience and reduces costs. Their commitment to improving insurance accessibility is evident in their strategic focus on integrating insurance products into digital platforms across multiple sectors, including banking and retail.

11. 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, founded in 2011 and based in Noida, Uttar Pradesh, India, is an insurtech company that specializes in providing innovative insurance solutions tailored for financial institutions, digital businesses, and lifestyle sectors. The company offers a range of services, including 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 space, serving over 1200 cities across India. The company has raised a total of $100 million in funding to support its expansion efforts, reflecting its ambition to grow and adapt in a rapidly evolving industry. Zopper's solutions are designed to facilitate seamless integration of insurance products into various business models, thereby improving customer experiences and driving sales for its partners.

12. 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, based in Haywards Heath, England, is an insurance and technology company that specializes in car insurance and underwriting services. Established in 2008, First Central has grown rapidly, employing over 1,200 people across multiple locations, including Guernsey and Gibraltar. The company operates its insurance broker, 1st Central, which has become a prominent name on UK price comparison websites, serving over 1.25 million customers. First Central is recognized for its innovative use of data analytics to assess risk and combat fraud, enhancing the overall customer experience. The company has received numerous awards for its customer service and technological advancements, solidifying its position in the insurance industry. Its underwriting brand, First Central Underwriting, utilizes advanced data sources to provide competitive insurance premiums, further demonstrating its commitment to innovation in the sector.

13. 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, particularly through its flagship product, the Drivesung™ mobile application, which focuses on driving behavior analysis. Zensung's offerings extend beyond auto insurance to include property, renter's, health, and travel insurance. The company serves a range of clients, including insurance firms, agents, and individual consumers, aiming to simplify and enhance insurance management. With a workforce primarily located in India and a smaller presence in Indonesia, Zensung has also secured $2 million in pre-seed funding as of January 2020. Their innovative approach and commitment to digital transformation position them as a significant player in the Southeast Asian insurance market.

14. 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 providing digital insurance solutions. Founded in 2017, the company focuses on enhancing customer experience through technology, offering a variety of insurance products including car, life, and travel insurance. Toni Digital operates primarily through a white-label model, allowing insurers and brokers to utilize their technology to streamline processes and improve service delivery. Their platform is designed to be user-friendly, enabling clients to manage their insurance portfolios efficiently. The company has recently secured significant funding, with a Series B round raising approximately 12.9 million Swiss Francs in January 2023, which underscores its growth potential and relevance in the insurtech industry.

15. Ripe Thinking Limited

• Website: ripethinking.co.uk
• Ownership type: Private Equity
• Headquarters: Manchester, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 100%
• Latest funding: November 2021
• Founded year: 1998
• Headcount: 51-200
• LinkedIn: ripe-insurance

Ripe Thinking Limited, based in Manchester, UK, is an insurance company that specializes in innovative insurance solutions tailored for both consumers and businesses. Founded in 1998, the company has carved out a niche in the market by offering collaborative insurance options and utilizing technology to streamline the purchasing process. Ripe Thinking emphasizes the importance of data analytics in crafting personalized coverage that meets the specific needs of its customers. With a robust product portfolio and a commitment to continuous improvement, Ripe Thinking has successfully attracted over 350,000 policyholders. Their approach not only focuses on customer satisfaction but also on building strong partnerships within the industry, showcasing their adaptability and forward-thinking mindset.

16. Artivatic.ai

• Website: artivatic.ai
• Ownership type: Corporate
• Headquarters: Gurugram, Haryana, India
• Employee distribution: India 99%
• Latest funding: February 2022
• Founded year: 2018
• Headcount: 201-500
• LinkedIn: artivatic

Artivatic.ai, founded in 2018 and based in Gurugram, Haryana, India, is an insurtech company that specializes in AI-driven solutions for the insurance and health services sectors. The company offers a suite of products designed to improve underwriting, streamline claims processing, and enhance customer engagement. Artivatic's technology aims to transform traditional insurance practices, making them more efficient and accessible for a variety of customer types, including individuals and businesses. Their platform features over 400 APIs, allowing for seamless integration with existing systems and enabling rapid product development. Artivatic has also established partnerships with notable insurance companies, showcasing their capability to deliver effective solutions in real-world scenarios. The company is focused on creating a more customer-centric insurance experience through the use of advanced technologies such as machine learning and data analytics.

17. finanzen Group

• Website: finanzen-group.com
• Ownership type: Corporate
• Headquarters: Berlin, Berlin, Germany
• Latest funding: November 2021
• Founded year: 2004
• Headcount: 51-200
• LinkedIn: finanzen-de-ag

finanzen Group, known for its brand CLARK, is an insurtech company based in Berlin, Germany. Founded in 2004, the company has made significant strides in transforming how consumers manage their insurance needs. CLARK offers a mobile application that serves as an insurance expert in users' pockets, enabling them to easily navigate their insurance policies and receive personalized advice. The platform is designed to simplify the often complex insurance landscape, providing users with a clear overview of their coverage and helping them identify gaps. With over 2 million customers across various European markets, CLARK is committed to protecting its users' interests through technology and expert consultation. The company has not reported any recent funding, indicating a focus on organic growth and operational efficiency.

18. Cover Genius

• Website: covergenius.com
• Ownership type: Venture Capital
• Headquarters: New York, New York, United States (USA)
• Employee distribution: Australia 35%, United States (USA) 18%, Netherlands 12%, Other 36%
• Latest funding: Series E-K, $80.0M, May 2024
• Founded year: 2014
• Headcount: 501-1000
• LinkedIn: cover-genius

Cover Genius, founded in 2014 and based in New York, specializes in providing embedded insurance solutions through its advanced technology platform. The company offers a variety of products, including travel protection, shipping insurance, and coverage for gig economy workers. Their platform, XCover, is designed to integrate seamlessly with the operations of large digital companies, allowing for a smooth customer experience from policy creation to claims management. Cover Genius has established partnerships with notable firms such as Booking Holdings, Uber, and Amazon, which underscores its role in the industry. The company has also received substantial funding, with its latest round totaling $80 million in May 2024, indicating strong investor confidence in its business model and growth potential. With a workforce of over 500 employees distributed across multiple countries, Cover Genius is positioned to protect millions of customers globally, making it a significant player in the insurtech sector.

19. xiku

• Website: xiku.io
• Ownership type: Private
• Headquarters: Rosario, Santa Fe, Argentina
• Employee distribution: Argentina 100%
• Founded year: 2021
• Headcount: 11-50
• LinkedIn: xiku

Xiku is an insurtech company based in Rosario, Santa Fe, Argentina, founded in 2021. The firm specializes in revolutionizing traditional insurance processes through innovative technology solutions. Their offerings include digital transformation projects, core insurance development, and cloud computing consulting. Xiku primarily targets businesses within the insurance sector, aiming to enhance operational efficiency and improve customer engagement. With a team of 21 employees, the company is fully based in Argentina and is dedicated to creating a platform that prepares insurance processes for the future. Their focus on technology and transformation positions them as a relevant player in the insurtech industry, despite their recent establishment and absence of external funding.

20. Sermetra Assistance

• Website: sermetra-assistance.it
• Ownership type: Private
• Headquarters: Milan, Lombardy, Italy
• Employee distribution: Italy 100%
• Founded year: 2005
• Headcount: 11-50
• LinkedIn: sermetra-assistance

Sermetra Assistance, founded in 2005 and based in Milan, Italy, is a private insurance agency that specializes in innovative insurance solutions tailored for intermediaries. With a workforce of approximately 27 employees, the company has carved out a niche by offering a variety of insurance products, including vehicle, home, and health insurance. Their operations are supported by a sophisticated technological platform that simplifies the insurance process, making it easier for intermediaries to manage their offerings. Sermetra Assistance aims to enhance the service capabilities of insurance intermediaries through its digital tools and professional support. The company is fully operational in Italy and is subject to regulatory oversight by IVASS, ensuring compliance with industry standards. Their focus on technology and customer service positions them as a relevant player in the insurtech space, catering specifically to the needs of insurance professionals.

21. Zego

• Website: zego.com
• Ownership type: Private Equity
• Headquarters: London, England, United Kingdom (UK)
• Employee distribution: United Kingdom (UK) 92%, France 3%, Portugal 3%, Other 2%
• Latest funding: Series C, $80.0M, December 2021
• Founded year: 2016
• Headcount: 201-500
• LinkedIn: zegocover

Zego, founded in 2016 and based in London, is an insurance provider that specializes in motor insurance tailored for self-employed drivers and businesses. The company offers a variety of flexible insurance products, including private hire taxi insurance and delivery insurance for food and parcel delivery services. Zego's policies cater to both individual drivers and businesses, ensuring they have the necessary coverage for their operations. The company has gained traction in the market, having sold over 65 million policies and serving approximately 445,000 drivers. Zego's innovative use of technology allows customers to obtain quotes quickly and manage their policies through a user-friendly app. In December 2021, Zego secured £80 million in a Series C funding round, further solidifying its position in the insurtech industry and enabling continued growth and development of its offerings.

22. MicroEnsure

• Website: microensure.com
• Ownership type: Corporate
• Headquarters: Cheltenham, England, United Kingdom (UK)
• Latest funding: September 2023
• Founded year: 2005
• Headcount: 51-200
• LinkedIn: microensure

MicroEnsure, officially known as MIC Global Services Limited, is an insurance company based in Cheltenham, England. Founded in 2005, the company specializes in embedded micro insurance solutions, aiming to provide coverage for various risks that can impact income generation. Their flagship product, MiIncome, offers protection against involuntary loss of employment, natural hazards, and other financial disruptions. MicroEnsure operates globally, with a licensing framework that spans 200 countries, allowing them to serve both businesses and consumers effectively. The company leverages technology through products like MiIdentity and MicroPay, enhancing the customer experience and streamlining claims processes. Their underwriting capacity is supported by Lloyd's Syndicate 5183, ensuring robust financial backing for their innovative insurance offerings.

23. Acko

• Website: acko.com
• Ownership type: Private Equity
• Headquarters: Bengaluru, Karnataka, India
• Employee distribution: India 100%
• Latest funding: June 2023
• Founded year: 2016
• Headcount: 1001-5000
• LinkedIn: acko

Acko, officially known as Acko Technology and Services Private Limited, is an insurance company based in Bengaluru, Karnataka, India. Founded in 2016, Acko specializes in providing a range of insurance products, including motor, health, travel, and life insurance. The company distinguishes itself by operating primarily through a digital platform, which simplifies the process of purchasing insurance and managing claims for customers. Acko's innovative approach includes features like cashless health insurance and customizable life insurance plans, catering to the evolving needs of consumers. The company has garnered a substantial user base, boasting 8 crore users, which reflects its growing influence in the insurance sector. Acko is backed by notable investors, including Munich Re, which enhances its credibility and financial stability in the competitive insurtech market.

24. Jooycar

• Website: jooycar.com
• Ownership type: Private Equity
• Headquarters: Las Condes, Santiago, Chile
• Employee distribution: Chile 82%, Brazil 6%, United States (USA) 6%, Other 6%
• Latest funding: $700,000, June 2020
• Founded year: 2014
• Headcount: 11-50
• LinkedIn: jooycar

Jooycar, established in 2014 and based in Las Condes, Santiago, Chile, is an insurtech company that specializes in innovative auto insurance solutions. The firm utilizes telematics and data analytics to enhance vehicle safety and efficiency for both consumers and insurance companies. Jooycar offers products such as Usage Based Insurance, which allows customers to pay based on their driving habits, and Autoconectado, an application that provides real-time vehicle monitoring and diagnostics. The company has expanded its reach to multiple countries, including Brazil, the United States, and Colombia, and has been recognized for its innovative approach, appearing in prestigious rankings like the Insurtech100 and Future50. Jooycar has also secured funding, with a notable investment of $700,000 in June 2020, which has supported its growth and development in the insurtech space.

25. Root Inc.

• Website: root.com
• Ownership type: Private
• Headquarters: Columbus, Ohio, United States (USA)
• Employee distribution: United States (USA) 100%
• Founded year: 2015
• Headcount: 1001-5000
• LinkedIn: rootinsuranceco

Root Inc., based in Columbus, Ohio, is an insurtech company founded in 2015 that specializes in car insurance and renters insurance. The company distinguishes itself by utilizing a mobile app to evaluate driving behavior, which allows it to offer personalized insurance quotes primarily aimed at safe drivers. Root's innovative approach not only emphasizes savings for good drivers but also simplifies the claims process, making it more user-friendly. The company has garnered positive customer feedback, reflected in its high ratings on app stores. Root also offers renters insurance, further expanding its product offerings. With a workforce of over 1,000 employees, Root is actively contributing to the evolution of the insurance industry by integrating technology into traditional insurance practices.

26. Huize Holding Limited

• Website: ir.huize.com
• Ownership type: Private
• Headquarters: Shenzhen, Guangdong, China
• Employee distribution: China 63%, Hong Kong S.A.R 37%
• Founded year: 2006
• Headcount: 1001-5000
• LinkedIn: huize-holding-limited

Huize Holding Limited, based in Shenzhen, Guangdong, China, is an insurance technology platform that connects consumers with insurance carriers and distribution partners. Founded in 2006, the company focuses on providing data-driven and AI-powered solutions tailored for mass affluent consumers in China. Huize offers a wide range of insurance products and services, enhancing the customer experience with digital capabilities throughout the insurance lifecycle. Their online-to-offline integrated insurance ecosystem covers various aspects of insurance, from consultation to claims service. Recently, Huize has been active in expanding its offerings, including partnerships with established insurance companies to launch customized products. This strategic approach not only addresses consumer needs but also positions Huize as a significant player in the insurtech space, particularly in the Asian market.

27. Weecover

• Website: weecover.com
• Ownership type: Venture Capital
• Headquarters: Barcelona, Catalonia, Spain
• Employee distribution: Spain 100%
• Latest funding: $4.4M, January 2025
• Founded year: 2019
• Headcount: 11-50
• LinkedIn: weecoverseguros

Weecover, founded in 2019 and based in Barcelona, Spain, is an insurtech company specializing in embedded insurance solutions. The firm provides a technology platform that allows businesses to integrate insurance offerings directly into their sales processes, enhancing customer experience and generating additional revenue streams. Weecover's clientele includes digital platforms and fintech companies looking to enrich their product offerings with insurance. The company has received significant venture capital funding, amounting to approximately €4.37 million, which underscores its growth potential and the confidence investors have in its business model. With a focus on simplifying the insurance integration process, Weecover aims to empower businesses to offer relevant and affordable insurance options to their customers, thereby improving overall service delivery and competitiveness in the market.

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