As investment has ramped up, we mapped the landscape of 120+ startups in the US that have cropped up across everything from home, auto, and small commercial insurance to title, cyber, and life insurance.
In 2013, US startups selling digital insurance products or providing data, analytics, or software to the (re)insurance industry raised $225M across 50 deals. Since then, US insurance tech startups have raised $4.75B across close to 350 deals.
As investment ramped up, the range of startups within the insurance tech landscape broadened. While health insurance startups such as Oscar and Collective Health captured the lion’s share of early investments in the space, over the past two years investments have funneled into startups specializing in everything from home and auto insurance to cyber and drone insurance.
Using CB Insights data, we rounded up 120+ US-based startups leveraging technology to sell insurance or provide enterprise technology offerings to the (re)insurance industry.