Top 123 Insurance Startups in 2024 (2024)

Table of Contents
1) Shift Technology 2) wefox 3) ELEMENT Insurance 4) handdii 5) Akulaku 6) iGenius 7) Clark 8) PasarPolis 9) Singlife 10) OptioPay 11) Grab Financial Group 12) 180° Insurance 13) ottonova 14) Coya 15) Bayzat 16) MoneySmart 17) fintonic 18) FRIDAY 19) PolicyStreet 20) simplesurance 21) omni:us 22) Relay Platform Inc 23) Investing.com 24) Igloo 25) Acheel 26) Pier 27) Bidu 28) insureQ 29) Prima.it 30) Finanzchef24 31) Zinobe 32) INZMO 33) AKUR8 34) Bowtie Life Insurance Company 35) OneDegree 36) Coherent 37) Swingvy 38) AppMan 39) #N/A 40) justInCase 41) Sehteq 42) Jirnexu 43) Rikkei Finance 44) ComparaOnline 45) Insurello 46) DreamQuark 47) Planswell 48) Convex Group 49) Telemedi.co 50) Claimsforce 51) Vantik 52) Friendsurance 53) Thinksurance 54) Hepster 55) Descartes Underwriting 56) PolicyPal 57) WealthPark 58) SingularCover 59) Gnowbe 60) Sirius International Insurance 61) ndgit 62) Tillit Forsikring 63) Plum 64) Bimaplan 65) MyMoneyMantra 66) Digit Insurance 67) Turtlemint 68) Vivriti Capital 69) SBI Life 70) BankBazaar.com 71) True Balance 72) Coverfox Insurance 73) Star Health and Allied Insurance 74) IDfy 75) Riskcovry 76) RenewBuy 77) Toffee Insurance 78) Vital 79) GramCover 80) Lemnisk 81) YunQuNa 82) CDP Group 83) Yuanbao Insurance Research Institute 84) eBroker 85) Leapstack 86) Insgeek 87) Huatai Insurance Group 88) Suning Finance 89) Sunshine Insurance Group 90) Ping An Healthcare Management 91) Duobaoyu Insurance 92) AEON LIFE 93) Upsie 94) Bright Health 95) Cambridge Mobile Telematics 96) H.I.G. Capital 97) Kin Insurance 98) Corvus Insurance 99) Branch Insurance 100) Salty. 101) Catch 102) The Zebra 103) Snapsheet 104) Sidecar Health 105) Bestow 106) Bold Penguin 107) Pie Insurance 108) Mile Auto 109) Beam Dental 110) Obie 111) LeaseLock 112) AmWINS Group 113) Fixt 114) Sedgwick Claims Management Services 115) Ethos 116) Guideline 117) Embroker 118) Cowbell Cyber 119) Jerry 120) Unqork 121) Doma 122) Octane 123) Next Insurance FAQs

Updated:

February 9, 2024

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Top 123 Insurance Startups in 2024 (1)

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1) Shift Technology

Top 123 Insurance Startups in 2024 (9)

For the worldwide insurance sector, Shift Solutions provides AI-driven decision automation and optimization technology.

Details of the startup:

  • Country: France
  • State: Ile-de-France
  • City: Paris
  • Started in: 2013
  • Founders: David Durrleman, Eric Sibony, Jeremy Jawish
  • Number of employees: 251-500
  • Funding: $319,987,263
  • Funding rounds: 9
  • Number of investors: 10 (General Catalyst, Accel, Advent International, Bessemer Venture Partners, Elaia)

You can find their website here.

2) wefox

Top 123 Insurance Startups in 2024 (10)

Wefox is a digital insurance firm that uses technology to reinvent insurance at scale in order to keep people safe and prevent danger.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2015
  • Founders: Dario Fazlic, Fabian Wesemann, Jonathan Seoane, Julian Teicke, Teodoro Martino
  • Number of employees: 501-1000
  • Funding: $918,500,000
  • Funding rounds: 6
  • Number of investors: 38 (Goldman Sachs, Eurazeo, Salesforce Ventures, Partners Group, AngelList)

You can find their website here.

3) ELEMENT Insurance

Top 123 Insurance Startups in 2024 (11)

ELEMENT Insurance is a digital insurance technology business that provides custom-made, white-label product solutions.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2017
  • Founders: Henning Groß, Inna Leontenkova, Richard Hector, Sascha Herwig
  • Number of employees: 101-250
  • Funding: € 66,000,000
  • Funding rounds: 5
  • Number of investors: 14 (Global Brain Corporation, SBI Investment, Alma Mundi Ventures, finleap, Ilavska Vuillermoz Capital)

You can find their website here.

4) handdii

Top 123 Insurance Startups in 2024 (12)

handdii is an online marketplace that connects customers with insurance company contractors.

Details of the startup:

  • Country: Australia
  • State: Victoria
  • City: Melbourne
  • Started in: 2017
  • Founders: Christie Downs, Kathryn Wood
  • Number of employees: 11-50
  • Funding: $4,500,000
  • Funding rounds: 3
  • Number of investors: 7 (Fifty-Second Celebration, Startupbootcamp, Brick & Mortar Ventures, Nine Four Ventures, Greenlight Reinsurance)

You can find their website here.

5) Akulaku

Top 123 Insurance Startups in 2024 (13)

By providing a complete and reliable financial ecosystem, Akulaku wants to improve the quality of life for partners and consumers.

Details of the startup:

  • Country: Indonesia
  • State: Jakarta Raya
  • City: Jakarta
  • Started in: 2014
  • Founders: William LI
  • Number of employees: 1001-5000
  • Funding: $218,000,000
  • Funding rounds: 8
  • Number of investors: 13 (Sequoia Capital India, Ant Group, DCM Ventures, Qiming Venture Partners, IDG Capital)

You can find their website here.

6) iGenius

Top 123 Insurance Startups in 2024 (14)

iGenius - Business Intelligence with a Twist

Details of the startup:

  • Country: Italy
  • State: Lombardia
  • City: Milan
  • Started in: 2016
  • Founders: Uljan Sharka
  • Number of employees: 101-250
  • Funding: € 20,000,000
  • Funding rounds: 5

You can find their website here.

7) Clark

Top 123 Insurance Startups in 2024 (15)

Clark is an insurance platform that offers comprehensive coverage.

Details of the startup:

  • Country: Germany
  • State: Hessen
  • City: Frankfurt
  • Started in: 2015
  • Founders: Chris Lodde, Christopher Oster, Garrett Whitmore, Marco Adelt, Steffen Glomb
  • Number of employees: 251-500
  • Funding: $128,050,383
  • Funding rounds: 5
  • Number of investors: 19 (Tencent, Target Global, Axel Springer, White Star Capital, finleap)

You can find their website here.

8) PasarPolis

Top 123 Insurance Startups in 2024 (16)

PasarPolis is an insurtech business that provides individuals with an online insurance comparison tool.

Details of the startup:

  • Country: Indonesia
  • State: Jakarta Raya
  • City: Jakarta
  • Started in: 2015
  • Founders: Cleosent Randing
  • Number of employees: 51-100
  • Funding: $59,000,000
  • Funding rounds: 6
  • Number of investors: 11 (Traveloka, Gojek, East Ventures, Xiaomi, International Finance Corporation)

You can find their website here.

9) Singlife

Top 123 Insurance Startups in 2024 (17)

Singlife is a company that offers digital life insurance.

Details of the startup:

  • Country: Singapore
  • State: Central Region
  • City: Singapore
  • Started in: 2014
  • Founders: Ray Ferguson
  • Number of employees: 51-100
  • Funding: $180,300,000
  • Funding rounds: 5
  • Number of investors: 7 (Aflac, Aberdeen Standard Investments, IPGL, Ion Pacific, Sumitomo Life Insurance Company)

You can find their website here.

10) OptioPay

Top 123 Insurance Startups in 2024 (18)

OptioPay is a customer-centric and value-add service provider based on bank account data that uses open banking technology.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2014
  • Founders: Marcus Borner, Mike Rötgers, Moritz Claussen, Oliver Neumann, Oliver Oster
  • Number of employees: 51-100
  • Funding: $26,398,223
  • Funding rounds: 7
  • Number of investors: 18 (NJF Capital, DvH Ventures, main incubator, Eos Venture Partners, Seed X Liechtenstein)

You can find their website here.

11) Grab Financial Group

Top 123 Insurance Startups in 2024 (19)

Grab Financial Group is a financial services company that offers payment, incentive, loan, and insurance services.

Details of the startup:

  • Country: Singapore
  • State: Central Region
  • City: Midview City
  • Started in: 2018
  • Number of employees: 11-50
  • Funding: $300,000,000
  • Funding rounds: 1
  • Number of investors: 5 (GGV Capital, Flourish Ventures, Arbor Ventures, K3 Ventures, Hanwha Asset Management)

You can find their website here.

12) 180° Insurance

Top 123 Insurance Startups in 2024 (20)

180° is an InsurTech firm that operates on the insurance-as-a-service paradigm.

Details of the startup:

  • Country: Brazil
  • State: Sao Paulo
  • City: Sao Paulo
  • Started in: 2020
  • Founders: Alex Körner, Franco Lamping, Mauro Levi D'Ancona
  • Number of employees: 11-50
  • Funding: R$44,000,000
  • Funding rounds: 1
  • Number of investors: 6 (8VC, Dragoneer Investment Group, Rainfall Ventures, Canary, Norte Ventures)

You can find their website here.

13) ottonova

Top 123 Insurance Startups in 2024 (21)

ottonova is a new digital health insurance company in Germany.

Details of the startup:

  • Country: Germany
  • State: Bayern
  • City: Munich
  • Started in: 2015
  • Founders: Frank Birzle, Roman Rittweger, Sebastian Scheerer
  • Number of employees: 101-250
  • Funding: € 85,000,000
  • Funding rounds: 4
  • Number of investors: 6 (HV Capital, btov Partners, Vorwerk Ventures, TEV Ventures, STS Ventures)

You can find their website here.

14) Coya

Top 123 Insurance Startups in 2024 (22)

With an AI risk guardian and a simple, transparent, and personalized insurance cover, Coya provides scalable protection at the moment of need.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2016
  • Founders: Andrew Shaw, Peter Hagen, Sebastian Villarroel
  • Number of employees: 101-250
  • Funding: $40,000,000
  • Funding rounds: 2
  • Number of investors: 4 (Headline, Valar Ventures, La Famiglia, MPGI)

You can find their website here.

15) Bayzat

Top 123 Insurance Startups in 2024 (23)

Bayzat is a technology firm that specializes in insurance and HR software.

Details of the startup:

  • Country: United Arab Emirates
  • State: Dubai
  • City: Dubai
  • Started in: 2011
  • Founders: Brian Habibi, Talal Bayaa, Tarek Bayaa
  • Number of employees: 101-250
  • Funding: $28,598,445
  • Funding rounds: 5
  • Number of investors: 10 (Endeavor Catalyst, Point72 Ventures, Silicon Badia, BECO Capital, Raed Ventures)

You can find their website here.

16) MoneySmart

Top 123 Insurance Startups in 2024 (24)

MoneySmart is a financial platform that allows you to find the best loan, insurance, and credit card rates.

Details of the startup:

  • Country: Singapore
  • State: Central Region
  • City: Singapore
  • Started in: 2009
  • Founders: Vinod Nair
  • Number of employees: 51-100
  • Funding: $12,500,000
  • Funding rounds: 3
  • Number of investors: 7 (Golden Gate, Kakaku.com, Convergence Ventures, Royston Tay, SPH Media Fund)

You can find their website here.

17) fintonic

Top 123 Insurance Startups in 2024 (25)

Fintonic is a free program that allows anyone to keep track of their finances and save money.

Details of the startup:

  • Country: Spain
  • State: Madrid
  • City: Madrid
  • Started in: 2012
  • Founders: Aitor Chinchetru, Lupina Iturriaga, Marcos Icardo, Sergio Chalbaud
  • Number of employees: 51-100
  • Funding: $50,934,537
  • Funding rounds: 4
  • Number of investors: 7 (All Iron Ventures, ING Group, ING Ventures, Inception Capital, Onza Capital)

You can find their website here.

18) FRIDAY

Top 123 Insurance Startups in 2024 (26)

FRIDAY is the first German digital insurance to offer its own vehicle prices.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2017
  • Founders: Christoph Samwer, Florian Eismann
  • Number of employees: 101-250
  • Funding: € 114,000,000
  • Funding rounds: 1
  • Number of investors: 3 (SevenVentures, German Media Pool, Baloise Strategic Ventures)

You can find their website here.

19) PolicyStreet

Top 123 Insurance Startups in 2024 (27)

PolicyStreet is an online platform that streamlines the insurance purchasing process.

Details of the startup:

  • Country: Malaysia
  • State: Kuala Lumpur
  • City: Kuala Lumpur
  • Started in: 2016
  • Founders: Wilson Beh, Winnie Chua, Yen Ming Lee
  • Number of employees: 11-50
  • Funding: $3,551,265
  • Funding rounds: 4
  • Number of investors: 4 (Cradle Fund Sdn Bhd (Cradle), KK Fund, Spiral Ventures, Malaysian Co-investment Fund (MyCIF))

You can find their website here.

20) simplesurance

Top 123 Insurance Startups in 2024 (28)

Simplesurance combines traditional insurance industries with digital business to develop a platform for easy access to insurance.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2012
  • Founders: Felix Jankowski, Ismail Asci, Joachim von Bonin, Patrick Frey, Robin von Hein
  • Number of employees: 101-250
  • Funding: $78,064,754
  • Funding rounds: 10
  • Number of investors: 19 (Rakuten, Allianz, Mountain Partners, Dr. Cornelius Boersch, Conny & Co)

You can find their website here.

21) omni:us

Top 123 Insurance Startups in 2024 (29)

omni:us has developed a set of insurance-specific AI solutions for claims administration.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2015
  • Founders: Eric Pfarl, Harald Gölles, Martin Micko, Sofie Quidenus-Wahlforss, Stephan Dorfmeister
  • Number of employees: 51-100
  • Funding: $44,108,775
  • Funding rounds: 7
  • Number of investors: 17 (Target Global, MMC Ventures, Plug and Play Tech Center, Anthemis Group, European Innovation Council)

You can find their website here.

22) Relay Platform Inc

Top 123 Insurance Startups in 2024 (30)

P&C insurance and reinsurance arrangements on a SaaS platform

Details of the startup:

  • Country: Canada
  • State: Ontario
  • City: Toronto
  • Started in: 2019
  • Founders: Greg Boutin
  • Number of employees: 11-50
  • Funding: $8,130,502
  • Funding rounds: 2
  • Number of investors: 5 (Drive Capital, Plug and Play Tech Center, Highline Beta, American Family Insurance, NFP Ventures)

You can find their website here.

23) Investing.com

Top 123 Insurance Startups in 2024 (31)

Investing.com is a website that provides financial market tools and information.

Details of the startup:

  • Country: Cyprus
  • State: Nicosia
  • City: Nicosia
  • Started in: 2007
  • Founders: Dror Efrat, Lonny Szneiberg
  • Number of employees: 251-500
  • Funding: $300,000
  • Funding rounds: 1

You can find their website here.

24) Igloo

Top 123 Insurance Startups in 2024 (32)

Igloo is an insurtech AI platform that creates digital insurance products to make insurance more accessible.

Details of the startup:

  • Country: Singapore
  • State: Central Region
  • City: Singapore
  • Started in: 2016
  • Founders: Wei Zhu
  • Number of employees: 11-50
  • Funding: $16,000,000
  • Funding rounds: 1
  • Number of investors: 6 (Cathay Innovation, Openspace Ventures, Partech, Singtel Innov8, Linear Venture)

You can find their website here.

25) Acheel

Top 123 Insurance Startups in 2024 (33)

Acheel is an insurtech startup that provides insurance that is completely digital, accessible, and innovative.

Details of the startup:

  • Country: France
  • State: Ile-de-France
  • City: Paris
  • Started in: 2020
  • Number of employees: 11-50
  • Funding: € 29,000,000
  • Funding rounds: 1
  • Number of investors: 3 (Xavier Niel, Portag3 Ventures, Serena)

You can find their website here.

26) Pier

Top 123 Insurance Startups in 2024 (34)

Pier is a digital insurance company that offers coverage for both smartphones and automobiles.

Details of the startup:

  • Country: Brazil
  • State: Sao Paulo
  • City: Sao Paulo
  • Started in: 2018
  • Number of employees: 51-100
  • Funding: $22,080,962
  • Funding rounds: 2
  • Number of investors: 4 (Monashees, Canary, BTG Pactual, Mercado Libre Fund)

You can find their website here.

27) Bidu

Top 123 Insurance Startups in 2024 (35)

Bidu is an online insurance and financial services advice, comparison, and marketplace platform.

Details of the startup:

  • Country: Brazil
  • State: Sao Paulo
  • City: Sao Paulo
  • Started in: 2011
  • Founders: Eldes Mattiuzzo, Fábio Colaferro, João Herreros, João Luiz de Souza Dantas Herreros, João Nercessian
  • Number of employees: 51-100
  • Funding: $8,900,000
  • Funding rounds: 3
  • Number of investors: 7 (Monashees, Amadeus Capital Partners, Bertelsmann, Otto Capital, João Herreros)

You can find their website here.

28) insureQ

Top 123 Insurance Startups in 2024 (36)

InsureQ is an insurance firm that caters to the needs of SMEs, freelancers, and startups.

Details of the startup:

  • Country: Germany
  • State: Bayern
  • City: Munich
  • Started in: 2019
  • Founders: Alexander Marius Le Prince, Iven Schorr, Johannes Breulmann, Laibing Yang, Luisa Müller-Wittmann
  • Number of employees: 11-50
  • Funding: € 5,000,000
  • Funding rounds: 2
  • Number of investors: 4 (Rocket Internet, Global Founders Capital, Flash Ventures, Nauta Capital)

You can find their website here.

29) Prima.it

Top 123 Insurance Startups in 2024 (37)

Prima is a car insurance business that offers direct coverage.

Details of the startup:

  • Country: Italy
  • State: Lombardia
  • City: Milan
  • Started in: 2013
  • Founders: Alberto Genovese, George Ottathycal, Teodoro D'Ambrosio
  • Number of employees: 251-500
  • Funding: € 100,000,000
  • Funding rounds: 3
  • Number of investors: 7 (TA Ventures, GS Growth, Blackstone Tactical Opportunities, Ithaca Investments, Teodoro D'Ambrosio)

You can find their website here.

30) Finanzchef24

Top 123 Insurance Startups in 2024 (38)

Through its independent online comparison platform, Finanzchef24 offers digital commercial insurance to enterprises and self-employed people in Germany.

Details of the startup:

  • Country: Germany
  • State: Bayern
  • City: München
  • Started in: 2012
  • Founders: Felix Schollmeier, Hendrik Rennert
  • Number of employees: 101-250
  • Funding: € 14,000,000
  • Funding rounds: 5
  • Number of investors: 6 (Target Partners, Mercura Capital, HW Capital, Markel Digital Investments, Mercury Capital Partners)

You can find their website here.

31) Zinobe

Top 123 Insurance Startups in 2024 (39)

In the Colombian market, there is a digital financial services company. To better target underrepresented populations, we developed a data-centric credit model.

Details of the startup:

  • Country: Colombia
  • State: Distrito Especial
  • City: Bogotá
  • Started in: 2011
  • Founders: Martin Schrimpff, Tarek El Sherif
  • Number of employees: 101-250
  • Funding: $30,000,000
  • Funding rounds: 3
  • Number of investors: 4 (QED Investors, Martin Schrimpff, Ali Saadat Meli, Monachil Capital Partners LP)

You can find their website here.

32) INZMO

Top 123 Insurance Startups in 2024 (40)

INZMO is a cutting-edge insurance platform that adds value and improves the insurance experience for all parties involved at critical phases.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2015
  • Founders: Meeri Rebane, Risto Klausen
  • Number of employees: 11-50
  • Funding: $7,871,905
  • Funding rounds: 5
  • Number of investors: 4 (500 Startups, Helvetia Venture Fund, UNIQA Ventures, Change Ventures)

You can find their website here.

33) AKUR8

Top 123 Insurance Startups in 2024 (41)

AKUR8 is a SaaS Insurtech that specializes in transparent AI-powered insurance pricing optimization.

Details of the startup:

  • Country: France
  • State: Ile-de-France
  • City: Paris
  • Started in: 2018
  • Founders: Guillaume Beraud-Sudreau, Samuel Falmagne
  • Number of employees: 11-50
  • Funding: € 35,300,000
  • Funding rounds: 3
  • Number of investors: 2 (BlackFin Capital Partners, MTech Capital)

You can find their website here.

34) Bowtie Life Insurance Company

Top 123 Insurance Startups in 2024 (42)

Bowtie is an authorized life insurance provider.

Details of the startup:

  • Country: Hong Kong
  • State: Hong Kong Island
  • City: Hong Kong
  • Started in: 2018
  • Founders: Fred Ngan, Michael Chan
  • Number of employees: 51-100
  • Funding: $30,000,000
  • Funding rounds: 1
  • Number of investors: 4 (Sun Life Financial, Pony Ma, Neil Shen, Hong Kong X-Tech)

You can find their website here.

35) OneDegree

Top 123 Insurance Startups in 2024 (43)

OneDegree is a digital insurer and a technology business that has totally automated the insurance process from beginning to end.

Details of the startup:

  • Country: Hong Kong
  • State: Kowloon
  • City: Kwun Tong
  • Started in: 2016
  • Founders: Alex Leung, Alvin Kwock
  • Number of employees: 11-50
  • Funding: $30,000,000
  • Funding rounds: 1
  • Number of investors: 3 (BitRock Capital, Cyberport Macro Fund, Cathay Venture)

You can find their website here.

36) Coherent

Top 123 Insurance Startups in 2024 (44)

Coherent is a Hong Kong-based insurtech firm that develops digital solutions for some of the world's largest insurers.

Details of the startup:

  • Country: Hong Kong
  • State: Hong Kong Island
  • City: Causeway Bay
  • Started in: 2015
  • Founders: Eric Forgy, Fred Ngan, John Brisco, Michael Chan
  • Number of employees: 101-250
  • Funding: $14,000,000
  • Funding rounds: 1
  • Number of investors: 2 (Franklin Templeton Investments, Cathay Innovation)

You can find their website here.

37) Swingvy

Top 123 Insurance Startups in 2024 (45)

Swingvy is a cloud-based human resource management tool for small and mid-sized companies.

Details of the startup:

  • Country: Singapore
  • State: Central Region
  • City: Singapore
  • Started in: 2016
  • Founders: Hyojun Lee, Jahun Koo, Jin Choeh, Kit Hoong Tho
  • Number of employees: 11-50
  • Funding: $8,600,000
  • Funding rounds: 4
  • Number of investors: 6 (Samsung Ventures, Walden International, SparkLabs Accelerator, Big Basin Capital, Aviva Ventures)

You can find their website here.

38) AppMan

Top 123 Insurance Startups in 2024 (46)

AppMan is a leading insurtech for life insurance in Thailand and the Asian market, offering technologies to improve sales experience.

Details of the startup:

  • Country: Thailand
  • State: Krung Thep
  • City: Huai Khwang
  • Started in: 2011
  • Founders: Amarit Franssen, Nuttapon Kongkitimanon, Pak Rattidham, Thanapoom Chareonsiri
  • Number of employees: 101-250
  • Funding: THB139,000,000
  • Funding rounds: 1
  • Number of investors: 5 (Krungsri Finnovate, Siam Alpha Equity, KTBST Securities, POEMS Ventures, Cassette)

You can find their website here.

39) #N/A

40) justInCase

Top 123 Insurance Startups in 2024 (47)

justInCase is Japan's first full-stack InsurTech firm, providing online P2P insurance as well as AI-based health and small-amount insurance.

Details of the startup:

  • Country: Japan
  • State: Tokyo
  • City: Tokyo
  • Started in: 2016
  • Founders: Hiroo Koizumi, Kazuya Hata, Shinichi Nasukawa
  • Number of employees: 11-50
  • Funding: ¥1,195,000,000
  • Funding rounds: 4
  • Number of investors: 11 (Global Brain Corporation, 500 Startups, SBI Investment, ITOCHU Corporation, Globis Capital Partners)

You can find their website here.

41) Sehteq

Top 123 Insurance Startups in 2024 (48)

Sehteq is a Dubai-based health insurance firm using Oscar-like technologies.

Details of the startup:

  • Country: United Arab Emirates
  • State: Dubai
  • City: Dubai
  • Started in: 2017
  • Founders: Saif AlJaibeji
  • Number of employees: 101-250
  • Funding: $20,000,000
  • Funding rounds: 1
  • Number of investors: 1 (971 Capital)

You can find their website here.

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42) Jirnexu

Top 123 Insurance Startups in 2024 (49)

Jirnexu provides FSIs and service providers with end-to-end digital acquisition tools and solutions.

Details of the startup:

  • Country: Malaysia
  • State: Kuala Lumpur
  • City: Kuala Lumpur
  • Started in: 2012
  • Founders: Cedric Viver, Hann Liew, James Barnes, James Wong, Lucas Ooi, Yuen Tuck Siew
  • Number of employees: 101-250
  • Funding: $37,000,000
  • Funding rounds: 6
  • Number of investors: 14 (Experian, NTT DOCOMO Ventures, SBI Group, Gobi Partners, SIG China (SIG Asia Investments))

You can find their website here.

43) Rikkei Finance

Top 123 Insurance Startups in 2024 (50)

Rikkei Finance is a DeFi platform with a proprietary Open Lending System that includes cross-chain lending, NFTs collateralization, and peer-to-peer insurance.

Details of the startup:

  • Country: Vietnam
  • State: NA - Vietnam
  • City: Hanoi
  • Funding: $5,600,000
  • Funding rounds: 1
  • Number of investors: 14 (Kyber Network, LD Capital, X21 Digital, Signum Capital, Inclusion Capital)

You can find their website here.

44) ComparaOnline

Top 123 Insurance Startups in 2024 (51)

ComparaOnline is a Latin American price comparison platform for financial and insurance services.

Details of the startup:

  • Country: Chile
  • State: Region Metropolitana
  • City: Santiago
  • Started in: 2009
  • Founders: Sebastian Valin
  • Number of employees: 251-500
  • Funding: $33,050,000
  • Funding rounds: 5
  • Number of investors: 8 (Ribbit Capital, International Finance Corporation, Endeavor Catalyst, Kaszek, Google Launchpad Accelerator)

You can find their website here.

45) Insurello

Top 123 Insurance Startups in 2024 (52)

Insurello is a digital platform that assists clients in locating insurance payments.

Details of the startup:

  • Country: Sweden
  • State: Stockholms Lan
  • City: Stockholm
  • Started in: 2016
  • Founders: Marcus Janback
  • Number of employees: 11-50
  • Funding: $11,695,450
  • Funding rounds: 4
  • Number of investors: 8 (Schibsted, Inventure, Luminar Ventures, Schibsted Growth, Wave Ventures)

You can find their website here.

46) DreamQuark

Top 123 Insurance Startups in 2024 (53)

DreamQuark is an artificial intelligence solution for banks, insurance businesses, and asset management corporations.

Details of the startup:

  • Country: France
  • State: Ile-de-France
  • City: Paris
  • Started in: 2014
  • Founders: Nicolas Meric
  • Number of employees: 11-50
  • Funding: $19,068,702
  • Funding rounds: 2
  • Number of investors: 6 (Alma Mundi Ventures, Plug and Play Tech Center, CapHorn Invest, NewAlpha Asset Management, AG2R La Mondiale)

You can find their website here.

47) Planswell

Top 123 Insurance Startups in 2024 (54)

Planswell is on a mission to give everyone, for free, access to the world's most actionable financial planning experience.

Details of the startup:

  • Country: Canada
  • State: Ontario
  • City: Toronto
  • Started in: 2020
  • Founders: Eric Arnold, Eric Rogness
  • Number of employees: 11-50
  • Funding: $9,740,819
  • Funding rounds: 4

You can find their website here.

48) Convex Group

Top 123 Insurance Startups in 2024 (55)

Convex Group Ltd is a Bermuda-based property and casualty insurance firm that was recently launched.

Details of the startup:

  • Country: Spain
  • State: Canarias
  • City: Bermúdez
  • Started in: 2019
  • Number of employees: 251-500
  • Funding: $500,000,000
  • Funding rounds: 1
  • Number of investors: 1 (Sixth Street)

You can find their website here.

49) Telemedi.co

Top 123 Insurance Startups in 2024 (56)

For insurance and medical firms, revolutionizing healthcare services.

Details of the startup:

  • Country: Poland
  • State: Mazowieckie
  • City: Warsaw
  • Started in: 2014
  • Founders: Paweł Sieczkiewicz, Piotr Słomian
  • Number of employees: 51-100
  • Funding: $7,389,296
  • Funding rounds: 2
  • Number of investors: 5 (Flashpoint, Black Pearls VC, UNIQA Ventures, Adamed Group, PKO VC)

You can find their website here.

50) Claimsforce

Top 123 Insurance Startups in 2024 (57)

Claimsforce is an insurance platform that attempts to make the claims management process more efficient.

Details of the startup:

  • Country: Germany
  • State: Hamburg
  • City: Hamburg
  • Started in: 2018
  • Founders: Bastian Schweitzer, Nils Mahlow
  • Number of employees: 11-50
  • Funding: € 7,000,000
  • Funding rounds: 3
  • Number of investors: 6 (Notion Capital, Point Nine, La Famiglia, Fly Ventures, Florian Huber)

You can find their website here.

51) Vantik

Top 123 Insurance Startups in 2024 (58)

Vantik is the first mobile retirement account that gives you peace of mind about your finances.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2017
  • Founders: Lara Hammerle, Til Klein
  • Number of employees: 1-10
  • Funding: € 2,250,000
  • Funding rounds: 3
  • Number of investors: 8 (Seedcamp, Atlantic Labs, SGH CAPITAL, Maximilian Tayenthal, STS Ventures)

You can find their website here.

52) Friendsurance

Top 123 Insurance Startups in 2024 (59)

Friendsurance offers a cash back bonus to small groups of consumers who remain claimless at the end of the year.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2010
  • Founders: Burckhardt Bonello, Janis Meyer-Plath, Sebastian Herfurth, Tim Kunde
  • Number of employees: 101-250
  • Funding: $15,300,000
  • Funding rounds: 4
  • Number of investors: 4 (Horizons Ventures, Headline, German Startups Group, Vantage Investment Management)

You can find their website here.

53) Thinksurance

Top 123 Insurance Startups in 2024 (60)

Thinksurance is a major business insurance technology consultation platform utilized by brokers, agents, banks, and other sales channels.

Details of the startup:

  • Country: Germany
  • State: Hessen
  • City: Frankfurt
  • Started in: 2015
  • Founders: Christopher Leifeld, Florian Brokamp
  • Number of employees: 101-250
  • Funding: € 17,000,000
  • Funding rounds: 3
  • Number of investors: 3 (Eight Roads Ventures, Christian Vollmann, German Startups Group)

You can find their website here.

54) Hepster

Top 123 Insurance Startups in 2024 (61)

Hepster is an insurtech firm that creates bespoke insurance products and integrates them into digital systems and procedures.

Details of the startup:

  • Country: Germany
  • State: Mecklenburg-Vorpommern
  • City: Rostock
  • Started in: 2016
  • Founders: Alexander Hornung, Christian Range, Hanna Bachmann
  • Number of employees: 11-50
  • Funding: $10,000,000
  • Funding rounds: 2
  • Number of investors: 4 (Seventure Partners, Element Ventures, GPS Ventures GmbH, MBMV)

You can find their website here.

55) Descartes Underwriting

Top 123 Insurance Startups in 2024 (62)

Descartes Underwriting is a data-driven risk transfer organization that specializes in climate risk modeling.

Details of the startup:

  • Country: France
  • State: Ile-de-France
  • City: Puteaux
  • Started in: 2019
  • Founders: Sebastien Piguet, Tanguy Touffut
  • Number of employees: 11-50
  • Funding: $20,773,212
  • Funding rounds: 2
  • Number of investors: 3 (Cathay Innovation, Serena, BlackFin Capital Partners)

You can find their website here.

56) PolicyPal

Top 123 Insurance Startups in 2024 (63)

PolicyPal is a digital management platform that offers an individual financial evaluation and action plan.

Details of the startup:

  • Country: Singapore
  • State: Central Region
  • City: Singapore
  • Started in: 2016
  • Founders: Val Jihsuan Yap
  • Number of employees: 1-10
  • Funding: $20,000,000
  • Funding rounds: 5
  • Number of investors: 4 (500 Startups, BlockWater Management, AMTD ASEAN-Solidarity Fund, Startupbootcamp FinTech Singapore)

You can find their website here.

57) WealthPark

Top 123 Insurance Startups in 2024 (64)

WealthPark is a real estate investment and management platform that links investors and managers.

Details of the startup:

  • Country: Japan
  • State: Tokyo
  • City: Tokyo
  • Started in: 2018
  • Founders: Ryuta Kawada
  • Number of employees: 11-50
  • Funding: ¥4,398,000,000
  • Funding rounds: 4
  • Number of investors: 9 (SBI Investment, Japan Finance, Mizuho Capital, JIC Venture Growth Investments, Japan Post Capital)

You can find their website here.

58) SingularCover

Top 123 Insurance Startups in 2024 (65)

Singular Cover is a one-of-a-kind online insurance for small businesses. In just a few clicks, you can understand and buy.

Details of the startup:

  • Country: Spain
  • State: Catalonia
  • City: Barcelona
  • Started in: 2018
  • Founders: Christian Hoffmann, Rafael Gonzalez-Montejano
  • Number of employees: 11-50
  • Funding: € 6,425,000
  • Funding rounds: 3
  • Number of investors: 5 (Global Founders Capital, Antai Venture Builder, ENISA, Liberty Mutual Strategic Ventures, Mutua Madrileña)

You can find their website here.

59) Gnowbe

Top 123 Insurance Startups in 2024 (66)

Gnowbe is an award-winning performance enablement platform with a comprehensive array of enterprise-ready capabilities and rapid authoring.

Details of the startup:

  • Country: Singapore
  • State: Central Region
  • City: Singapore
  • Started in: 2015
  • Founders: Rok Krulec, Roslina Chai, So-Young Kang
  • Number of employees: 11-50
  • Funding: $2,000,000
  • Funding rounds: 1
  • Number of investors: 5 (500 Startups, Holly Liu, Boon Hwee Koh, Coent Venture Partners, POEMS Ventures)

You can find their website here.

60) Sirius International Insurance

Top 123 Insurance Startups in 2024 (67)

Sirius International Insurance provides reinsurance and insurance services for property and casualty risks.

Details of the startup:

  • Country: Sweden
  • State: Stockholms Lan
  • City: Stockholm
  • Started in: 1945
  • Number of employees: 501-1000
  • Funding: $300,000,000
  • Funding rounds: 1

You can find their website here.

61) ndgit

Top 123 Insurance Startups in 2024 (68)

ndgit is a platform that connects banks and insurance companies with digital and creative fintech companies.

Details of the startup:

  • Country: Germany
  • State: Bayern
  • City: Munich
  • Started in: 2015
  • Founders: Florian Pahl, Oliver Dlugosch
  • Number of employees: 11-50
  • Funding: $5,699,397
  • Funding rounds: 3
  • Number of investors: 6 (HV Capital, Capnamic Ventures, PROfounders Capital, DvH Ventures, Crossventures)

You can find their website here.

62) Tillit Forsikring

Top 123 Insurance Startups in 2024 (69)

On your phone, you can easily and affordably insure all of your belongings.

Details of the startup:

  • Country: Norway
  • State: Oslo
  • City: Oslo
  • Started in: 2017
  • Founders: Elias Ottosen, Erik Skaar
  • Number of employees: 1-10
  • Funding: NOK11,000,000
  • Funding rounds: 4
  • Number of investors: 2 (Schibsted Growth, TheFactory)

You can find their website here.

63) Plum

Top 123 Insurance Startups in 2024 (70)

Health insurance and perks of high quality

Details of the startup:

  • Country: India
  • State: Karnataka
  • City: Bengaluru
  • Started in: 2019
  • Founders: Abhishek Poddar, Saurabh Arora
  • Number of employees: 11-50
  • Funding: $20,645,163
  • Funding rounds: 5
  • Number of investors: 23 (Sequoia Capital, Kunal Shah, Tiger Global Management, Shrishti Sahu, Gaurav Munjal)

You can find their website here.

64) Bimaplan

Top 123 Insurance Startups in 2024 (71)

Insurance for the next billion Indians at an affordable price

Details of the startup:

  • Country: India
  • State: Karnataka
  • City: Bengaluru
  • Started in: 2020
  • Number of employees: 1-10
  • Funding: $3,000,000
  • Funding rounds: 2
  • Number of investors: 27 (Kunal Shah, Goodwater Capital, Y Combinator, Gokul Rajaram, Acequia Capital (AceCap))

You can find their website here.

65) MyMoneyMantra

Top 123 Insurance Startups in 2024 (72)

MyMoneyMantra is India's largest consumer and commercial finance phy-gital (physical-digital) marketplace.

Details of the startup:

  • Country: India
  • State: Delhi
  • City: New Delhi
  • Started in: 1989
  • Founders: Raj Khosla
  • Number of employees: 1001-5000
  • Funding: $15,000,000
  • Funding rounds: 1
  • Number of investors: 2 (Vaalon Capital, IFSD BV)

You can find their website here.

66) Digit Insurance

Top 123 Insurance Startups in 2024 (73)

Digit Insurance is a financial services firm that specializes in general insurance.

Details of the startup:

  • Country: India
  • State: Karnataka
  • City: Bengaluru
  • Started in: 2016
  • Founders: Kamesh Goyal, Philip Varghese, Sriram Shankar, Vijay Kumar
  • Number of employees: 1001-5000
  • Funding: $244,460,150
  • Funding rounds: 5
  • Number of investors: 4 (Fairfax Financial Holdings, A91 Partners, TVS Capital Funds, Faering Capital)

You can find their website here.

67) Turtlemint

Top 123 Insurance Startups in 2024 (74)

Turtlemint is an insurtech platform that helps people find and buy the right insurance products.

Details of the startup:

  • Country: India
  • State: Maharashtra
  • City: Mumbai
  • Started in: 2015
  • Founders: Anand Prabhudesai, Dhirendra Mahyavanshi, Kunal Shah
  • Number of employees: 251-500
  • Funding: $77,000,000
  • Funding rounds: 5
  • Number of investors: 10 (Sequoia Capital India, GGV Capital, Nexus Venture Partners, Blume Ventures, Jungle Ventures)

You can find their website here.

68) Vivriti Capital

Top 123 Insurance Startups in 2024 (75)

Vivriti Capital is a marketplace for small businesses and individuals that don't have easy access to credit.

Details of the startup:

  • Country: India
  • State: Tamil Nadu
  • City: Chennai
  • Started in: 2017
  • Founders: Aniket Deshpande, Gaurav Kumar, Irfan Mohammed, Soumendra Ghosh, Vineet Sukumar
  • Number of employees: 101-250
  • Funding: $107,701,572
  • Funding rounds: 4
  • Number of investors: 2 (Aspada, Creation Investments Capital Management, LLC)

You can find their website here.

69) SBI Life

Top 123 Insurance Startups in 2024 (76)

SBI Life is a life insurance company that provides a variety of plans and policies to safeguard you and your loved ones.

Details of the startup:

  • Country: India
  • State: Maharashtra
  • City: Mumbai
  • Started in: 2001
  • Number of employees: 10001+
  • Funding: $742,000,000
  • Funding rounds: 1
  • Number of investors: 2 (GIC, The Carlyle Group)

You can find their website here.

70) BankBazaar.com

Top 123 Insurance Startups in 2024 (77)

BankBazaar.com is an independent online marketplace that provides immediate customized loan and insurance rate quotations.

Details of the startup:

  • Country: India
  • State: Tamil Nadu
  • City: Chennai
  • Started in: 2008
  • Founders: Adhil Shetty, Arjun Shetty, Rati Shetty
  • Number of employees: 1001-5000
  • Funding: $115,000,000
  • Funding rounds: 6
  • Number of investors: 16 (Sequoia Capital India, Amazon, Experian, Eight Roads Ventures, Mousse Partners)

You can find their website here.

71) True Balance

Top 123 Insurance Startups in 2024 (78)

True Balance is a digital wallet that allows users to pay bills and access other financial services.

Details of the startup:

  • Country: India
  • State: Haryana
  • City: Gurgaon
  • Started in: 2014
  • Founders: Cheolwon Lee, Jay Yi, Martin Lee
  • Number of employees: 51-100
  • Funding: $99,640,920
  • Funding rounds: 7
  • Number of investors: 17 (Naver, Northern Arc, Line, Softbank Ventures Asia, Bon Angels Venture Partners)

You can find their website here.

72) Coverfox Insurance

Top 123 Insurance Startups in 2024 (79)

Coverfox Insurance is an insurtech company that offers simple online insurance brokerage services.

Details of the startup:

  • Country: India
  • State: Maharashtra
  • City: Mumbai
  • Started in: 2013
  • Founders: Devendra Rane, Varun Dua
  • Number of employees: 501-1000
  • Funding: $51,250,370
  • Funding rounds: 6
  • Number of investors: 13 (International Finance Corporation, Accel, InnoVen Capital, SAIF Partners, IFC)

You can find their website here.

73) Star Health and Allied Insurance

Top 123 Insurance Startups in 2024 (80)

Medical Insurance, Accident Insurance, and Travel Insurance Plans are all available from Star Health and Allied Insurance.

Details of the startup:

  • Country: India
  • State: Tamil Nadu
  • City: Nungambakkam
  • Started in: 2006
  • Number of employees: 1001-5000
  • Funding: $173,773,498
  • Funding rounds: 3
  • Number of investors: 6 (Sequoia Capital India, GIC, Capital Group, Apis Partners, ICICI Venture)

You can find their website here.

74) IDfy

Top 123 Insurance Startups in 2024 (81)

IDfy is a people information company that helps businesses fight fraud by providing services like background checks.

Details of the startup:

  • Country: India
  • State: Maharashtra
  • City: Mumbai
  • Started in: 2011
  • Founders: Ashok Hariharan, Hatim Baheranwala, Vineet Jawa
  • Number of employees: 101-250
  • Funding: $5,168,764
  • Funding rounds: 5
  • Number of investors: 8 (New Enterprise Associates, Blume Ventures, Trifecta Capital Advisors, Dream Incubator, NB Ventures)

You can find their website here.

75) Riskcovry

Top 123 Insurance Startups in 2024 (82)

Riskcovry is a "Insurance-in-a-Box" approach that provides a one-stop-shop platform to meet the digital insurance needs of any organization.

Details of the startup:

  • Country: India
  • State: Karnataka
  • City: Bengaluru
  • Started in: 2018
  • Number of employees: 11-50
  • Funding: $5,029,127
  • Funding rounds: 2
  • Number of investors: 6 (Better Capital, Omidyar Network India, Pentathlon Ventures, Bharat Inclusion Seed Fund, Varanium Capital Advisors)

You can find their website here.

76) RenewBuy

Top 123 Insurance Startups in 2024 (83)

The simplest method for renewing your auto insurance. In only a few minutes, you can get an estimate and insure your car.

Details of the startup:

  • Country: India
  • State: Haryana
  • City: Gurgaon
  • Started in: 2015
  • Founders: Balachander Sekhar, Sandeep Nanda
  • Number of employees: 11-50
  • Funding: $74,420,855
  • Funding rounds: 5
  • Number of investors: 4 (Apis Partners, Lok Capital, IIFL Asset Management, Mount Nathan Advisors)

You can find their website here.

77) Toffee Insurance

Top 123 Insurance Startups in 2024 (84)

Toffee Insurance is a one-stop shop for all of your insurance needs.

Details of the startup:

  • Country: India
  • State: Haryana
  • City: Gurgaon
  • Started in: 2017
  • Founders: Nishant Jain, Rohan Kumar
  • Number of employees: 51-100
  • Funding: $7,100,000
  • Funding rounds: 4
  • Number of investors: 6 (Flourish Ventures, Kalaari Capital, Omidyar Network, Accion Venture Lab, Vivek Gujral)

You can find their website here.

78) Vital

Top 123 Insurance Startups in 2024 (85)

For any individual requirement, Vital offers custom-tailored, comprehensive, and cost-effective health insurance.

Details of the startup:

  • Country: India
  • State: Delhi
  • City: Delhi
  • Started in: 2020
  • Founders: Jayan Mathews, Rahul Kumar
  • Number of employees: 11-50
  • Funding: ₹219,000,000
  • Funding rounds: 1
  • Number of investors: 3 (Venture Catalysts, Survam Partners, BlinC Invest)

You can find their website here.

79) GramCover

Top 123 Insurance Startups in 2024 (86)

GramCover is a company that creates an internet insurance brokerage marketplace.

Details of the startup:

  • Country: India
  • State: Uttar Pradesh
  • City: Noida
  • Started in: 2016
  • Founders: Jatin Singh, Nalin Rawal, Neelam Kumar Gupta, Rishabh Garg, Rishi Raj Vashisht
  • Number of employees: 1-10
  • Funding: $20,017,565
  • Funding rounds: 2
  • Number of investors: 4 (Flourish Ventures, Omidyar Network India, Omnivore, EMVC)

You can find their website here.

80) Lemnisk

Top 123 Insurance Startups in 2024 (87)

Customer Data Platform-based Real-Time Marketing Automation

Details of the startup:

  • Country: India
  • State: Karnataka
  • City: Bengaluru
  • Started in: 2008
  • Founders: Chetan Kulkarni, Gourav Chindlur, Subramaniyan Krishnan, Vikram Nayak
  • Number of employees: 51-100
  • Funding: $27,000,000
  • Funding rounds: 3
  • Number of investors: 5 (Intel Capital, NGP Capital, Ascent Capital, Inventus Capital, Ojas Venture Partners)

You can find their website here.

81) YunQuNa

Top 123 Insurance Startups in 2024 (88)

YunQuNa is a global internet site that provides logistics commerce and services.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2005
  • Founders: Shihao Zhou
  • Number of employees: 251-500
  • Funding: $206,845,307
  • Funding rounds: 8
  • Number of investors: 7 (Sequoia Capital China, DCM Ventures, Coatue, Source Code Capital, China Merchants Capital)

You can find their website here.

82) CDP Group

Top 123 Insurance Startups in 2024 (89)

CDP's integrated technology platform provides a comprehensive set of products and services for Human Capital Management.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2004
  • Founders: Wei Wang
  • Number of employees: 501-1000
  • Funding: $118,340,000
  • Funding rounds: 4
  • Number of investors: 7 (Morgan Stanley, Fidelity, Sumitomo Corporation, 51job, Investor AB)

You can find their website here.

83) Yuanbao Insurance Research Institute

Top 123 Insurance Startups in 2024 (90)

Yuanbao has a nationwide insurance brokerage company and is a favored Internet insurance platform under the Yuanbao Group.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Changyang
  • Started in: 2019
  • Funding: CN¥1,000,000,000
  • Funding rounds: 1
  • Number of investors: 4 (Source Code Capital, Susquehanna International Group (SIG), Cathay Capital, Hike Capital)

You can find their website here.

84) eBroker

Top 123 Insurance Startups in 2024 (91)

eBroker is a B2B2C platform that allows Chinese individuals to purchase insurance and financial products from other countries.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2015
  • Founders: Max He
  • Number of employees: 101-250
  • Funding: $101,000,000
  • Funding rounds: 4
  • Number of investors: 4 (Matrix Partners China, Sky9 Capital, K2VC, Lightspeed China Partners)

You can find their website here.

85) Leapstack

Top 123 Insurance Startups in 2024 (92)

Leapstack is a healthcare-focused insurtech firm that specializes in big data artificial intelligence technologies.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2016
  • Founders: Gejie Liu, Zhiyang Guo
  • Number of employees: 51-100
  • Funding: $14,531,082
  • Funding rounds: 3
  • Number of investors: 9 (DCM Ventures, FinVolution Group, DHVC, UpHonest Capital, Gaorong Capital)

You can find their website here.

86) Insgeek

Top 123 Insurance Startups in 2024 (93)

Insgeek is a one-stop shop for employee welfare insurance and health management for businesses.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2014
  • Founders: Li Shuo, Ren Bin
  • Number of employees: 1-10
  • Funding: $47,427,777
  • Funding rounds: 5
  • Number of investors: 6 (SIG China (SIG Asia Investments), Fosun RZ Capital, Legend Holdings, THG Ventures, Huaxing Growth Capital)

You can find their website here.

87) Huatai Insurance Group

Top 123 Insurance Startups in 2024 (94)

Huatai Insurance Group specializes on providing insurance and asset management services.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 1996
  • Number of employees: 1001-5000
  • Funding: $1,534,853,976
  • Funding rounds: 2
  • Number of investors: 1 (Chubb)

You can find their website here.

88) Suning Finance

Top 123 Insurance Startups in 2024 (95)

Suning Commerce Group Co., Ltd.'s financial services division is a subsidiary of the Chinese electronics retailer Suning Commerce Group Co., Ltd.

Details of the startup:

  • Country: China
  • State: Henan
  • City: Xuanwu
  • Started in: 2015
  • Number of employees: 51-100
  • Funding: CN¥12,305,000,000
  • Funding rounds: 3
  • Number of investors: 8 (Shenzhen Capital Group, GP Capital, YF Capital, BNP Paribas Private Equity, Bank of Nanjing)

You can find their website here.

89) Sunshine Insurance Group

Top 123 Insurance Startups in 2024 (96)

Sunshine Insurance Group Company Limited sells and services insurance.

Details of the startup:

  • Country: China
  • State: Beijing
  • City: Beijing
  • Started in: 2007
  • Founders: Zhang Weigong
  • Number of employees: 5001-10000
  • Funding: $30,470,000
  • Funding rounds: 1
  • Number of investors: 1 (Xinhu Zhongbao Co Ltd)

You can find their website here.

90) Ping An Healthcare Management

Top 123 Insurance Startups in 2024 (97)

Ping An Healthcare Management is a division of China's Ping An Insurance Group that collects and analyzes medical data.

Details of the startup:

  • Country: China
  • State: Shanghai
  • City: Shanghai
  • Started in: 2005
  • Founders: Mingzhe Ma
  • Number of employees: 1001-5000
  • Funding: $1,150,000,000
  • Funding rounds: 1
  • Number of investors: 4 (SoftBank Vision Fund, IDG Capital, SBI Group, Hermitage Equity Partners)

You can find their website here.

91) Duobaoyu Insurance

Top 123 Insurance Startups in 2024 (98)

Duobaoyu Insurance is a platform for internet insurance services.

Details of the startup:

  • Country: China
  • State: Zhejiang
  • City: Hangzhou
  • Started in: 2017
  • Number of employees: 11-50
  • Funding: $41,191,668
  • Funding rounds: 3
  • Number of investors: 5 (ZhenFund, FinVolution Group, YF Capital, Lightspeed China Partners, Bertelsmann Asia Investments)

You can find their website here.

92) AEON LIFE

Top 123 Insurance Startups in 2024 (99)

AEON LIFE is an insurance firm that specializes in life insurance.

Details of the startup:

  • Country: China
  • State: Liaoning
  • City: Dalian Shi
  • Started in: 2009
  • Number of employees: 1001-5000
  • Funding: CN¥328,000,000
  • Funding rounds: 5
  • Number of investors: 18 (WANDA Group, Yonyou, Yi Fang Group, Dashang Group, Jiangsu Tech Industry Investment Corp.)

You can find their website here.

93) Upsie

Top 123 Insurance Startups in 2024 (100)

Upsie is a smartphone app that offers warranties for electrical and appliance purchases.

Details of the startup:

  • Country: United States
  • State: Minnesota
  • City: Minneapolis
  • Started in: 2015
  • Founders: Clarence Bethea
  • Number of employees: 11-50
  • Funding: $26,380,000
  • Funding rounds: 6
  • Number of investors: 36 (Techstars, Backstage Capital, True Ventures, Village Capital, Kapor Capital)

You can find their website here.

94) Bright Health

Top 123 Insurance Startups in 2024 (101)

Bright Health is working on a health insurance platform that will provide a high-quality healthcare experience.

Details of the startup:

  • Country: United States
  • State: Minnesota
  • City: Minneapolis
  • Started in: 2015
  • Founders: Kyle Rolfing, Robert John Sheehy, Tom Valdivia
  • Number of employees: 501-1000
  • Funding: $1,575,000,000
  • Funding rounds: 5
  • Number of investors: 17 (Bessemer Venture Partners, New Enterprise Associates, Tiger Global Management, T. Rowe Price, Redpoint)

You can find their website here.

95) Cambridge Mobile Telematics

Top 123 Insurance Startups in 2024 (102)

DriveWell is a full telematics and behavioral analytics system developed by Cambridge Mobile Telematics to increase safety.

Details of the startup:

  • Country: United States
  • State: Massachusetts
  • City: Cambridge-US
  • Started in: 2010
  • Founders: Bill Powers, Hari Balakrishnan, Sam Madden, Tim Vogel
  • Number of employees: 101-250
  • Funding: $502,500,000
  • Funding rounds: 2
  • Number of investors: 1 (SoftBank Vision Fund)

You can find their website here.

96) H.I.G. Capital

Top 123 Insurance Startups in 2024 (103)

With $42 billion in equity money under management, H.I.G. Capital is a global private equity and alternative asset investing organization.

Details of the startup:

  • Country: United States
  • State: Florida
  • City: Miami
  • Started in: 1993
  • Founders: Sami Mnaymneh, Tony Tamer
  • Number of employees: 251-500
  • Funding: $37,496,196
  • Funding rounds: 3
  • Number of investors: 1 (Dyal Capital Partners)

You can find their website here.

97) Kin Insurance

Top 123 Insurance Startups in 2024 (104)

Kin Insurance is an insurtech firm that specializes in providing customized house insurance policies.

Details of the startup:

  • Country: United States
  • State: Illinois
  • City: Chicago
  • Started in: 2016
  • Founders: Lucas Ward, Sean Harper, Sebastian Villarreal, Stephen Wooten
  • Number of employees: 101-250
  • Funding: $156,164,957
  • Funding rounds: 7
  • Number of investors: 33 (QED Investors, 500 Startups, Flourish Ventures, Commerce Ventures, August Capital)

You can find their website here.

98) Corvus Insurance

Top 123 Insurance Startups in 2024 (105)

Corvus Insurance is a commercial insurance company that uses artificial intelligence to help brokers and clients predict and avoid risk.

Details of the startup:

  • Country: United States
  • State: Massachusetts
  • City: Boston
  • Started in: 2017
  • Founders: James McElhiney, Mike Lloyd, Philip Edmundson
  • Number of employees: 101-250
  • Funding: $160,800,033
  • Funding rounds: 5
  • Number of investors: 9 (Bain Capital Ventures, Insight Partners, Obvious Ventures, .406 Ventures, Telstra Ventures)

You can find their website here.

99) Branch Insurance

Top 123 Insurance Startups in 2024 (106)

Branch Insurance is the only business that can combine home and auto insurance in a single transaction.

Details of the startup:

  • Country: United States
  • State: Ohio
  • City: Columbus
  • Started in: 2017
  • Founders: Joe Emison, Steve Lekas
  • Number of employees: 51-100
  • Funding: $82,500,000
  • Funding rounds: 4
  • Number of investors: 13 (Foundation Capital, SignalFire, Anthemis Group, Greycroft, Revolution’s Rise of the Rest Seed Fund)

You can find their website here.

100) Salty.

Top 123 Insurance Startups in 2024 (107)

Salty Dot, Inc. is a technological business that specializes in Embedded Insurance®.

Details of the startup:

  • Country: United States
  • State: Utah
  • City: Salt Lake City
  • Started in: 2019
  • Founders: James Hall, Mona Eliassen
  • Number of employees: 11-50
  • Funding: $34,661,854
  • Funding rounds: 3
  • Number of investors: 3 (Human Capital, Elefund, Fremont Group)

You can find their website here.

101) Catch

Top 123 Insurance Startups in 2024 (108)

Catch is a new type of personal safety net that is both accessible and affordable.

Details of the startup:

  • Country: United States
  • State: Massachusetts
  • City: Boston
  • Started in: 2017
  • Founders: Andrew Ambrosino, Kristen Anderson
  • Number of employees: 11-50
  • Funding: $17,649,495
  • Funding rounds: 5
  • Number of investors: 17 (Khosla Ventures, Y Combinator, Nyca Partners, Kleiner Perkins, Kindred Ventures)

You can find their website here.

102) The Zebra

Top 123 Insurance Startups in 2024 (109)

The Zebra is a marketplace for online insurance comparisons.

Details of the startup:

  • Country: United States
  • State: Texas
  • City: Austin
  • Started in: 2012
  • Founders: Adam Lyons, Joshua Dziabiak
  • Number of employees: 251-500
  • Funding: $256,525,063
  • Funding rounds: 8
  • Number of investors: 13 (Accel, Mark Cuban, Floodgate, Silverton Partners, AlphaLab)

You can find their website here.

103) Snapsheet

Top 123 Insurance Startups in 2024 (110)

Snapsheet's cloud-native claims management software and tech-enabled evaluation services provide exceptional claims experiences.

Details of the startup:

  • Country: United States
  • State: Illinois
  • City: Chicago
  • Started in: 2011
  • Founders: Brad Weisberg, CJ Przybyl
  • Number of employees: 251-500
  • Funding: $100,384,818
  • Funding rounds: 6
  • Number of investors: 20 (500 Startups, Sedgwick Claims Management Services, Commerce Ventures, F-Prime Capital, Montage Ventures)

You can find their website here.

104) Sidecar Health

Top 123 Insurance Startups in 2024 (111)

Sidecar Health is an insurtech firm that offers a customizable health insurance platform.

Details of the startup:

  • Country: United States
  • State: California
  • City: El Segundo
  • Started in: 2018
  • Founders: Patrick Quigley, Veronica Osetinsky
  • Number of employees: 51-100
  • Funding: $163,000,000
  • Funding rounds: 3
  • Number of investors: 11 (Menlo Ventures, Tiger Global Management, Cathay Innovation, Drive Capital, GreatPoint Ventures)

You can find their website here.

105) Bestow

Top 123 Insurance Startups in 2024 (112)

Bestow is an insurance technology firm that provides families with affordable term life insurance.

Details of the startup:

  • Country: United States
  • State: Texas
  • City: Dallas
  • Started in: 2016
  • Founders: Jonathan Abelmann, Melbourne O'Banion
  • Number of employees: 101-250
  • Funding: $137,500,000
  • Funding rounds: 4
  • Number of investors: 8 (New Enterprise Associates, 8VC, Abstract Ventures, Valar Ventures, Breyer Capital)

You can find their website here.

106) Bold Penguin

Top 123 Insurance Startups in 2024 (113)

Bold Penguin is a commercial insurance exchange that connects clients, agents, and carriers to find the best rate in the shortest amount of time possible.

Details of the startup:

  • Country: United States
  • State: Ohio
  • City: Columbus
  • Started in: 2016
  • Founders: Ilya Bodner
  • Number of employees: 101-250
  • Funding: $50,500,000
  • Funding rounds: 5
  • Number of investors: 7 (American Family Ventures, MTech Capital, Hudson Structured Capital Management, Stone Point Capital, Guggenheim Partners)

You can find their website here.

107) Pie Insurance

Top 123 Insurance Startups in 2024 (114)

Pie Insurance is an insurtech that provides small businesses with workers' compensation insurance.

Details of the startup:

  • Country: United States
  • State: District of Columbia
  • City: Washington D.C.
  • Started in: 2017
  • Founders: Dax Craig, John Swigart
  • Number of employees: 251-500
  • Funding: $306,000,000
  • Funding rounds: 5
  • Number of investors: 12 (Gaingels, SVB Capital, Acrew Capital, Greycroft, Sirius International Insurance)

You can find their website here.

108) Mile Auto

Top 123 Insurance Startups in 2024 (115)

Mile Auto is an automobile insurance firm that offers a pay-per-mile service that saves money for low-mileage customers.

Details of the startup:

  • Country: United States
  • State: Georgia
  • City: Atlanta
  • Started in: 2017
  • Founders: Fred Blumer, Jim Cook, Joe Fuller, Scott Nelson
  • Number of employees: 1-10
  • Funding: $12,750,000
  • Funding rounds: 4
  • Number of investors: 8 (Ulu Ventures, Emergent Ventures, Florida Funders, Sure Ventures, JUMP Investors)

You can find their website here.

109) Beam Dental

Top 123 Insurance Startups in 2024 (116)

Beam Dental is a digital dental benefits provider that emphasizes preventative care and awards for good oral hygiene habits.

Details of the startup:

  • Country: United States
  • State: Ohio
  • City: Columbus
  • Started in: 2012
  • Founders: Alex Curry, Alex Frommeyer, Dan Dykes
  • Number of employees: 101-250
  • Funding: $168,430,000
  • Funding rounds: 7
  • Number of investors: 11 (Alumni Ventures Group, Drive Capital, Kleiner Perkins, Georgian, Mercato Partners)

You can find their website here.

110) Obie

Top 123 Insurance Startups in 2024 (117)

Obie is an insurtech business that provides real estate investors with insurance and risk management.

Details of the startup:

  • Country: United States
  • State: Illinois
  • City: Chicago
  • Started in: 2017
  • Founders: Aaron Letzeiser, Ryan Letzeiser
  • Number of employees: 11-50
  • Funding: $13,650,000
  • Funding rounds: 4
  • Number of investors: 11 (FundersClub, Battery Ventures, Y Combinator, Soma Capital, Liquid 2 Ventures)

You can find their website here.

111) LeaseLock

Top 123 Insurance Startups in 2024 (118)

LeaseLock is a security deposit-free insurance technology firm that uses artificial intelligence.

Details of the startup:

  • Country: United States
  • State: California
  • City: Marina Del Rey
  • Started in: 2013
  • Founders: Derek Merrill, Reichen Kuhl
  • Number of employees: 101-250
  • Funding: $63,500,000
  • Funding rounds: 6
  • Number of investors: 20 (500 Startups, Gaingels, Tech Coast Angels, Clocktower Technology Ventures, Softbank Ventures Asia)

You can find their website here.

112) AmWINS Group

Top 123 Insurance Startups in 2024 (119)

AmWINS Group is a speciality insurance products and services wholesale distributor.

Details of the startup:

  • Country: United States
  • State: North Carolina
  • City: Charlotte
  • Started in: 1998
  • Number of employees: 1001-5000
  • Funding: $61,024,046
  • Funding rounds: 6
  • Number of investors: 2 (Dragoneer Investment Group, PSP Investments)

You can find their website here.

113) Fixt

Top 123 Insurance Startups in 2024 (120)

For corporate IT administrators and individual consumers, Fixt is the most efficient, fast, and secure solution to replace broken phones and tablets.

Details of the startup:

  • Country: United States
  • State: Maryland
  • City: Baltimore
  • Started in: 2013
  • Founders: Chris Garvis, Luke Cooper
  • Number of employees: 11-50
  • Funding: $10,084,191
  • Funding rounds: 5
  • Number of investors: 21 (Precursor Ventures, Flow Capital, BoomTown, Harlem Capital Partners, Naples Technology Ventures)

You can find their website here.

114) Sedgwick Claims Management Services

Top 123 Insurance Startups in 2024 (121)

Sedgwick is a company that specializes in technology-enabled claims and productivity management.

Details of the startup:

  • Country: United States
  • State: Tennessee
  • City: Memphis
  • Started in: 1969
  • Number of employees: 10001+
  • Funding: $501,781,043
  • Funding rounds: 3
  • Number of investors: 2 (Canada Pension Plan Investment Board, Caisse de Depot et Placement du Quebec)

You can find their website here.

115) Ethos

Top 123 Insurance Startups in 2024 (122)

Ethos Life is a life insurance company that offers modern and ethical policies to protect people's lives.

Details of the startup:

  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2016
  • Founders: Lingke Wang, Peter Colis
  • Number of employees: 101-250
  • Funding: $306,500,000
  • Funding rounds: 6
  • Number of investors: 15 (Goldman Sachs, General Catalyst, Sequoia Capital, GV, Accel)

You can find their website here.

116) Guideline

Top 123 Insurance Startups in 2024 (123)

Guideline is a retirement plan platform for developing organizations that provides an all-inclusive 401(k) and full-stack solution.

Details of the startup:

  • Country: United States
  • State: California
  • City: San Mateo
  • Started in: 2015
  • Founders: Jeremy Caballero, Kevin Busque, Mike Nelson
  • Number of employees: 101-250
  • Funding: $339,000,000
  • Funding rounds: 6
  • Number of investors: 15 (General Atlantic, New Enterprise Associates, Felicis Ventures, 500 Startups, SV Angel)

You can find their website here.

117) Embroker

Top 123 Insurance Startups in 2024 (124)

Embroker assists growing businesses in saving time and obtaining the greatest value for their insurance needs.

Details of the startup:

  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2015
  • Founders: Matt Miller, Sean X Cummings, Yotam Shacham
  • Number of employees: 101-250
  • Funding: $142,400,000
  • Funding rounds: 4
  • Number of investors: 16 (Canaan Partners, 500 Startups, Gaingels, FTV Capital, Nyca Partners)

You can find their website here.

118) Cowbell Cyber

Top 123 Insurance Startups in 2024 (125)

Cowbell Cyber offers continuous risk assessment and cyber insurance powered by AI.

Details of the startup:

  • Country: United States
  • State: California
  • City: Pleasanton
  • Started in: 2019
  • Founders: Jack Kudale, Prab Reddy, Rajeev Gupta, Trent Cooksley
  • Number of employees: 51-100
  • Funding: $23,600,000
  • Funding rounds: 2
  • Number of investors: 8 (Holmes Murphy & Associates, Avanta Ventures, Brewer Lane Ventures, Markel Corporation, ManchesterStory Group)

You can find their website here.

119) Jerry

Top 123 Insurance Startups in 2024 (126)

Jerry is a car ownership super app driven by AI, machine learning, and bots that puts answers at your fingertips and savings in your wallet.

Details of the startup:

  • Country: United States
  • State: California
  • City: Palo Alto
  • Started in: 2017
  • Founders: Art Agrawal, Lina Zhang, Musawir Shah
  • Number of employees: 101-250
  • Funding: $28,000,000
  • Funding rounds: 3
  • Number of investors: 36 (FundersClub, SV Angel, Goodwater Capital, Y Combinator, Liquid 2 Ventures)

You can find their website here.

120) Unqork

Top 123 Insurance Startups in 2024 (127)

Unqork is a no-code corporate application platform that enables businesses to create, deploy, and manage sophisticated apps without writing code.

Details of the startup:

  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2017
  • Founders: Gary Hoberman
  • Number of employees: 251-500
  • Funding: $416,249,951
  • Funding rounds: 6
  • Number of investors: 21 (Goldman Sachs, BlackRock, Broadridge, March Capital, G Squared)

You can find their website here.

121) Doma

Top 123 Insurance Startups in 2024 (128)

Doma is an insurtech platform that employs artificial intelligence to make residential real estate transactions more efficient.

Details of the startup:

  • Country: United States
  • State: California
  • City: San Francisco
  • Started in: 2016
  • Founders: Daniel Demetri, Max Simkoff
  • Number of employees: 251-500
  • Funding: $379,615,152
  • Funding rounds: 7
  • Number of investors: 15 (Foundation Capital, Greenspring Associates, Lennar Corporation, Fifth Wall, Horizons Ventures)

You can find their website here.

122) Octane

Top 123 Insurance Startups in 2024 (129)

Powersports buyers may use Octane.co to research vehicles, prequalify for a loan, and check rates instantaneously with no impact on their credit.

Details of the startup:

  • Country: United States
  • State: New York
  • City: New York
  • Started in: 2014
  • Founders: Andre Gregori, Jason Guss, Mark Davidson, Mark Garro, Michael Fanfant
  • Number of employees: 101-250
  • Funding: $349,015,898
  • Funding rounds: 11
  • Number of investors: 8 (FundersClub, Dreamit Ventures, Valar Ventures, Contour Venture Partners, FinTech Collective)

You can find their website here.

123) Next Insurance

Top 123 Insurance Startups in 2024 (130)

Next Insurance is a small business and entrepreneur insurance firm that operates online.

Details of the startup:

  • Country: United States
  • State: California
  • City: Palo Alto
  • Started in: 2016
  • Founders: Alon Huri, Guy Goldstein, Nissim Tapiro
  • Number of employees: 251-500
  • Funding: $881,000,000
  • Funding rounds: 6
  • Number of investors: 16 (Battery Ventures, Ribbit Capital, Redpoint, G Squared, Global Founders Capital)

You can find their website here.

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Top 123 Insurance Startups in 2024 (131)

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Top 123 Insurance Startups in 2024 (2024)

FAQs

What is the best insurance for startups? ›

Business Owner's Policy: The Best of Both

A business owner's policy (BOP) bundles general liability and commercial property insurance coverages and is generally the most affordable choice. With a single BOP policy, small business owners are protected against theft, lawsuits, fire and more.

Who are the top InsurTech companies? ›

CompanyCityCountry
Claim TechnologyLondonUnited Kingdom
EvolutionIQNew YorkUnited States
HOVERSan FranciscoUnited States
Hi MarleyBostonUnited States
6 more rows
Aug 7, 2024

What is the InsurTech business? ›

InsurTech, short for “insurance technology,” refers to the use of innovative technologies, such as artificial intelligence, big data analytics, blockchain, and machine learning, to improve and automate the traditional insurance industry.

What is the world's largest InsurTech? ›

TOP-20 InsurTech Unicorns by valuation
InsurTechMost recent valuation
1Bright Health$11.1B
2Root Insurance$6.7B
3PolicyBazaar$5.9B
4Shuidi$4.7B
16 more rows
Jul 19, 2024

What is the easiest and most profitable insurance to sell? ›

What Is the Most Profitable Type of Insurance to Sell? On average, life insurance is one of the most profitable types of insurance to sell. Whether you are selling them to employers or individuals, these policies tend to be large, with significant annual premiums.

What type of insurance is most profitable? ›

What Is the Most Profitable Type of Insurance to Sell? Life insurance is the most profitable—and the hardest—type of insurance to sell.

Who is the richest insurance company? ›

What Is the Wealthiest Insurance Company in the World? While United Health Group is the largest insurance company by revenue, it is dwarfed by Berkshire Hathaway in terms of net income and market cap.

What is the strongest insurance brand in the world? ›

Life Insurance Corporation of India (LIC) is termed as the strongest insurance brand with a steady brand value of $9.8 billion, a brand strength index score of 88.3, and an associated AAA brand strength rating, notes a report by Brand Finance Insurance 100 2024.

Who makes the most money selling insurance? ›

While there are many kinds of insurance (ranging from auto insurance to health insurance), the most lucrative career in the insurance field is for those selling life insurance.

What do CEOs of insurance companies make? ›

Meanwhile, the CEOs of the top 10 health insurance companies were paid between $13 million and $22 million in total compensation in 2022, including salary, bonuses and other pay, according to a Connecticut Office of Legislative Research report, issued Feb. 5.

How do InsurTechs make money? ›

InsurTechs are prioritizing lower loss ratios and tech-led efficiency to achieve profitability. The emphasis is on using AI and data analytics to improve underwriting, loss ratios, and risk assessment which will, in turn, help in reaching long-term profitability.

What is the difference between insurance and insurtech? ›

Customer-Focused Innovation:

InsurTech disrupts traditional insurance by offering enhanced pricing, simplified buying processes, streamlined communication, efficient claims, and a paperwork reduction.

Who is the first largest insurance company? ›

Largest insurance companies by market cap
#NameC.
1UnitedHealth 1UNH🇺🇸
2Progressive 2PGR🇺🇸
3Elevance Health 3ELV🇺🇸
4Allianz 4ALV.DE🇩🇪
57 more rows

How many InsurTech companies are there? ›

This year, the insurance industry anticipates a transformative shift driven by InsurTech, spotlighting automation, cloud computing, and AI as key focal points. There are an estimated 1,500 InsurTech startups currently operating around the world.

What is the world's largest insurance marketplace? ›

Lloyd's is the largest commercial (re)insurance marketplace in the world.

Do startups need business insurance? ›

Financial Protection

Startups tend to have fewer liquid funds than most other businesses, so it is crucial to have insurance that protects the company from major financial burdens. Without insurance, the startup may need to pay out of pocket for major expenses like legal fees and fines.

Which insurance company is best for small business? ›

  • Best overall: State Farm.
  • Best for customer service: Nationwide.
  • Best for financial stability: Chubb.
  • Best for commercial auto coverage: Allstate.
  • Best for coverage add-ons: The Hartford.
  • Best for landlord coverage: American Family.
  • Best for data breach or cyber insurance: Travelers.
  • Best for policy discounts: Farmers.

How much does a startup spend on insurance? ›

Typical costs for small business insurance policies
Typical Monthly PremiumsTypical Annual Premiums
Business Owners' Policies$40 to $115$480 to $1,380
Commercial Auto Insurance$125 to $575 per month$1,500 to $6,900
Cyber$40 to $145 per month$480 to $1,740
General Liability$25 to $115 per month$300 to $1,380
3 more rows
May 29, 2024

Do startups typically offer health insurance? ›

Depending on the size of your startup, you may actually be legally required to offer health coverage. In the United States, under the Affordable Care Act (ACA), companies with 50 or more full-time equivalent employees must provide "affordable" health plans or face financial penalties.

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