Together, the five most well-capitalized insurance tech startups including Zenefits and Oscar have raised $2.5B in aggregate funding.
As more venture capital investors turn their eye to disrupting the global insurance industry, annual funding to the insurance tech startups has already tripled in growth in 2015 year-to-date. But a handful of companies have amassed considerably bigger war chests than the rest.
We used CB Insights data to highlight the five most well-funded insurance tech startups, below. Four of them are operating in the health insurance space, including software-enabled health insurance broker Zenefits, employer-provided insurance platform Collective Health, and tech-driven health insurer Oscar Health. Together, the five have raised over $2.5B in aggregate funding to date.
| Company | Description | Total Funding ($M) |
|---|---|---|
 Zhong An Insurance |
Chinese online P&C insurance seller | 931 |
 Oscar Health |
Tech-driven health insurer | 728 |
 Zenefits |
HR software and health insurance broker | 584 |
 Gusto |
HR software and health insurance broker | 161 |
 Clover |
Analytics-driven health insurance model for Medicare Advantage members | 135* |
*Includes debt financing
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