Learn how to validate your startup idea by pre-selling it, for only $80 (includes a free 1-hour consultancy call).
100 Top Unicorns
Download The List of the 100 Highest-Valued Unicorns

This free sheet contains all the information about the top 100 unicorns, including their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

100 Top Unicorns
Download The List of the 100 Highest-Valued Private Startups

This free sheet contains all the information about the top 100 unicorns, including their valuation, HQ's location, founded year, name of founders, funding amount and number of employees.

100 Accelerators & Incubators
Download Our List of The Top 100 Accelerators & Incubators

This free sheet contains 100 accelerators and incubators you can apply to today, along with information about the industries and stages they generally invest in.

The Founder's Handbook
Get Free Access to The Founder's Handbook

This free Notion document contains the best 100+ resources you need for building a successful startup, divided in 4 categories: Fundraising, People, Product, and Growth.

26 Well-Known Unicorns in the Insurance Industry

Ad

Mention's Logo

Mention helps you take charge of your social media workflow, thanks to their suite of powerful social monitoring and scheduling features. Check out their free guide, to help take your first steps into designing a workflow that works for you.

The number of successful companies in the Insurance industry and worth more than $1 billion is becoming increasingly hard to ignore.

Particularly when a lot of these companies were only founded within the last 5 years or so.

That’s why we decided to put together this list of 26 Insurance companies that have achieved the Unicorn status.

26 Insurance Unicorns Companies

Ad

Mention's Logo

Mention helps you take charge of your social media workflow, thanks to their suite of powerful social monitoring and scheduling features. Check out their free guide, to help take your first steps into designing a workflow that works for you.

Howden Group Holdings

Howden Group Holdings

Hyperion is an international insurance intermediary group with insurance broking and underwriting agency arms.

Details of the startup:

  • Valuation:

    $5.00

    B (

    September 2020

    )

  • Country:

    United Kingdom

  • City:

    London

  • Started in:

    1994

  • Founders:

    David Howden

  • Industries:

    Analytics, Database, Finance, Insurance

  • Number of employees:

    No Data

  • Funding Amount:

    $187.26M

  • Number of funding rounds:

    5

  • Number of investors:

    4

here

Next Insurance

Next Insurance

Next Insurance is a digital insurance provider for small businesses and startups.

Details of the startup:

  • Valuation:

    $4.00

    B (

    October 2019

    )

  • Country:

    United States

  • City:

    Palo Alto

  • Started in:

    2016

  • Founders:

    Alon Huri, Guy Goldstein, Nissim Tapiro

  • Industries:

    Commercial Insurance, Finance, Insurance, InsurTech, Small and Medium Businesses

  • Number of employees:

    250-500

  • Funding Amount:

    $881.00M

  • Number of funding rounds:

    6

  • Number of investors:

    17

here

Digit Insurance

Digit Insurance

Digit Insurance provides a multitude of insurance services, ranging from life-insurance policies to pet insurance.

Details of the startup:

  • Valuation:

    $3.50

    B (

    January 2021

    )

  • Country:

    India

  • City:

    Bengaluru

  • Started in:

    2016

  • Founders:

    Kamesh Goyal, Philip Varghese, Sriram Shankar, Vijay Kumar

  • Industries:

    Finance, Financial Services, Insurance, InsurTech

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $424.16M

  • Number of funding rounds:

    8

  • Number of investors:

    14

here

Coalition

Coalition

Coalition operates as one of the first companies in the world to offer access to cyber insurance program.

Details of the startup:

  • Valuation:

    $3.50

    B (

    March 2021

    )

  • Country:

    United States

  • City:

    San Francisco

  • Started in:

    2017

  • Founders:

    John Hering, Joshua Motta

  • Industries:

    Cyber Security, Information Technology, Insurance, Risk Management

  • Number of employees:

    100-250

  • Funding Amount:

    $520.00M

  • Number of funding rounds:

    6

  • Number of investors:

    13

here

BGL Group

BGL Group

BGL Group is an insurance and financial consultancy group that utilizes the latest software to digitally distribute a wide range of products.

Details of the startup:

  • Valuation:

    $3.00

    B (

    November 2017

    )

  • Country:

    United Kingdom

  • City:

    Peterborough

  • Started in:

    1992

  • Founders:

    Douw Gerbrand Steyn

  • Industries:

    Finance, Financial Exchanges, Financial Services, FinTech, Insurance, Wealth Management

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $900.00M

  • Number of funding rounds:

    1

  • Number of investors:

    1

here

Ethos

Ethos

Ethos Life is a modern insurance company that provides ethical life insurance.

Details of the startup:

  • Valuation:

    $2.70

    B (

    May 2021

    )

  • Country:

    United States

  • City:

    San Francisco

  • Started in:

    2016

  • Founders:

    Lingke Wang, Peter Colis

  • Industries:

    Finance, Financial Services, FinTech, Insurance, InsurTech, Life Insurance

  • Number of employees:

    250-500

  • Funding Amount:

    $413.96M

  • Number of funding rounds:

    7

  • Number of investors:

    19

here

Bought By Many

Bought By Many

Bought By Many is a pet InsurTech firm that specializes in providing insurance solutions and a frictionless client experience.

Details of the startup:

  • Valuation:

    $2.35

    B (

    June 2021

    )

  • Country:

    United Kingdom

  • City:

    London

  • Started in:

    2012

  • Founders:

    Guy Farley, Steven Mendel

  • Industries:

    Finance, FinTech, Insurance, InsurTech, Pet

  • Number of employees:

    250-500

  • Funding Amount:

    $477.27M

  • Number of funding rounds:

    6

  • Number of investors:

    10

here

Accelerant

Accelerant

Accelerant is a specialty underwriting group focused on a carefully selected and managed network of Members.

Details of the startup:

  • Valuation:

    $2.19

    B (

    January 2022

    )

  • Country:

    United Kingdom

  • City:

    Colchester

  • Started in:

    2018

  • Founders:

    Christopher Lee-Smith, Jeff Radke

  • Industries:

    Insurance

  • Number of employees:

    100-250

  • Funding Amount:

    $190.00M

  • Number of funding rounds:

    2

  • Number of investors:

    5

here

Akulaku

Akulaku

Akulaku is Southeast Asia's premier banking and digital financial platform.

Details of the startup:

  • Valuation:

    $2.00

    B (

    February 2022

    )

  • Country:

    Indonesia

  • City:

    Jakarta

  • Started in:

    2014

  • Founders:

    Gordon Hu, William LI

  • Industries:

    Banking, Finance, Financial Services, FinTech, Insurance, Wealth Management

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $455.00M

  • Number of funding rounds:

    10

  • Number of investors:

    15

here

Unqork

Unqork

Unqork's No Code Platform helps companies build, deploy and manage complex applications with zero coding or scripting.

Details of the startup:

  • Valuation:

    $2.00

    B (

    October 2020

    )

  • Country:

    United States

  • City:

    New York

  • Started in:

    2017

  • Founders:

    Gary Hoberman

  • Industries:

    Enterprise, Enterprise Applications, Financial Services, Insurance, Productivity Tools, SaaS, Software

  • Number of employees:

    250-500

  • Funding Amount:

    $367.17M

  • Number of funding rounds:

    5

  • Number of investors:

    23

here

eDaili

eDaili

eDaili is a business-to-business-to-consumer marketplace that enables Chinese consumers to access international insurance and financial products.

Details of the startup:

  • Valuation:

    $1.90

    B (

    February 2019

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2015

  • Founders:

    Max He

  • Industries:

    Financial Services, FinTech, Insurance, Marketplace

  • Number of employees:

    100-250

  • Funding Amount:

    $1.00M

  • Number of funding rounds:

    4

  • Number of investors:

    4

here

Alan

Alan

Alan is a platform that uses technology to make health insurance more convenient and affordable.

Details of the startup:

  • Valuation:

    $1.68

    B (

    April 2021

    )

  • Country:

    France

  • City:

    Paris

  • Started in:

    2016

  • Founders:

    Charles Gorintin, Jean Charles Samuelian

  • Industries:

    Health Care, Health Insurance, Insurance

  • Number of employees:

    100-250

  • Funding Amount:

    $363.17M

  • Number of funding rounds:

    6

  • Number of investors:

    16

here

wefox

wefox

Wefox is the world’s first digital insurance company—combining technology and human expertise to give customers a better way to manage, track, and pay for their insurance.

Details of the startup:

  • Valuation:

    $1.65

    B (

    March 2019

    )

  • Country:

    Germany

  • City:

    Berlin

  • Started in:

    2014

  • Founders:

    Dario Fazlic, Fabian Wesemann, Jonathan Seoane, Julian Teicke, Teodoro Martino

  • Industries:

    FinTech, Insurance, InsurTech, Software

  • Number of employees:

    500-1,000

  • Funding Amount:

    $924.31M

  • Number of funding rounds:

    6

  • Number of investors:

    38

here

Cambridge Mobile Telematics

Cambridge Mobile Telematics

Cambridge Mobile Telematics provides full-stack telematics solutions that connect data from vehicles to a suite of behavioral analytics tools.

Details of the startup:

  • Valuation:

    $1.50

    B (

    December 2018

    )

  • Country:

    United States

  • City:

    Cambridge

  • Started in:

    2010

  • Founders:

    Bill Powers, Hari Balakrishnan, Sam Madden, Tim Vogel

  • Industries:

    Insurance, Mobile, Public Safety, Transportation

  • Number of employees:

    100-250

  • Funding Amount:

    $626.63M

  • Number of funding rounds:

    2

  • Number of investors:

    1

here

YunQuNa

YunQuNa

YunQuNa is an online portal that offers logistics trading and services on a global scale.

Details of the startup:

  • Valuation:

    $1.50

    B (

    June 2021

    )

  • Country:

    China

  • City:

    Shanghai

  • Started in:

    2015

  • Founders:

    Shihao Zhou

  • Industries:

    E-Commerce, Freight Service, Insurance, Internet, Logistics, Shipping, Transportation

  • Number of employees:

    250-500

  • Funding Amount:

    $185.52M

  • Number of funding rounds:

    8

  • Number of investors:

    7

here

At-Bay

At-Bay

At-Bay is a cybersecurity insurance company that specializes in assisting businesses in confronting digital risk.

Details of the startup:

  • Valuation:

    $1.35

    B (

    July 2021

    )

  • Country:

    United States

  • City:

    Mountain View

  • Started in:

    2016

  • Founders:

    Etai Hochman, Roman Itskovich, Rotem Iram, Tilli Kalisky-Bannett

  • Industries:

    Cyber Security, Insurance, InsurTech

  • Number of employees:

    100-250

  • Funding Amount:

    $292.00M

  • Number of funding rounds:

    7

  • Number of investors:

    13

here

Marshmallow

Marshmallow

Marshmallow is a full-stack insurance carrier driven by technology.

Details of the startup:

  • Valuation:

    $1.25

    B (

    September 2021

    )

  • Country:

    United Kingdom

  • City:

    London

  • Started in:

    2017

  • Founders:

    Alexander Kent-Braham, David Goate, Oliver Kent-Braham

  • Industries:

    Finance, Financial Services, FinTech, Insurance, InsurTech

  • Number of employees:

    100-250

  • Funding Amount:

    $116.20M

  • Number of funding rounds:

    4

  • Number of investors:

    8

here

AgentSync

AgentSync

AgentSync is a Producer Management Platform that enables brokers to be onboarded, licensed, and compliant.

Details of the startup:

  • Valuation:

    $1.20

    B (

    December 2021

    )

  • Country:

    United States

  • City:

    Denver

  • Started in:

    2018

  • Founders:

    Jenn Knight, Niranjan Sabharwal

  • Industries:

    Compliance, Information Technology, Insurance, SaaS, Sales, Software

  • Number of employees:

    100-250

  • Funding Amount:

    $111.10M

  • Number of funding rounds:

    4

  • Number of investors:

    19

here

Guideline

Guideline

Guideline is a retirement plan platform that offers the all-inclusive 401(k) and full-stack solution for growing businesses.

Details of the startup:

  • Valuation:

    $1.15

    B (

    June 2021

    )

  • Country:

    United States

  • City:

    San Mateo

  • Started in:

    2015

  • Founders:

    Jeremy Caballero, Kevin Busque, Mike Nelson

  • Industries:

    Finance, Financial Services, FinTech, Insurance, Retirement, Small and Medium Businesses

  • Number of employees:

    100-250

  • Funding Amount:

    $339.00M

  • Number of funding rounds:

    6

  • Number of investors:

    18

here

Acko General Insurance

Acko General Insurance

Acko is a digital insurance firm that has been granted the authority to underwrite and market bite-sized insurance products.

Details of the startup:

  • Valuation:

    $1.10

    B (

    October 2021

    )

  • Country:

    India

  • City:

    Bengaluru

  • Started in:

    2016

  • Founders:

    Ruchi Deepak, Varun Dua

  • Industries:

    Auto Insurance, Health Insurance, Insurance, InsurTech

  • Number of employees:

    250-500

  • Funding Amount:

    $428.00M

  • Number of funding rounds:

    6

  • Number of investors:

    21

here

Zego

Zego

Zego is revolutionising the self-employed insurance industry with a suite of products that offer competitive rates and unparalleled service.

Details of the startup:

  • Valuation:

    $1.10

    B (

    March 2021

    )

  • Country:

    United Kingdom

  • City:

    London

  • Started in:

    2016

  • Founders:

    Harry Franks, Sten Saar, Stuart Kelly

  • Industries:

    Auto Insurance, Commercial Insurance, Insurance, InsurTech

  • Number of employees:

    250-500

  • Funding Amount:

    $255.50M

  • Number of funding rounds:

    6

  • Number of investors:

    12

here

bolttech

bolttech

Bolttech is an InsurTech firm building an artificial intelligence-powered point-of-sale insurance platform for protection and insurance.

Details of the startup:

  • Valuation:

    $1.00

    B (

    July 2021

    )

  • Country:

    Singapore

  • City:

  • Started in:

    2006

  • Founders:

    Richard Li

  • Industries:

    Artificial Intelligence, Financial Services, Insurance, InsurTech

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $247.20M

  • Number of funding rounds:

    3

  • Number of investors:

    9

here

Sidecar Health

Sidecar Health

Sidecar is a personalized health insurance platform that automates the matching of risks and rewards, getting people to better health and lower healthcare costs.

Details of the startup:

  • Valuation:

    $1.00

    B (

    January 2021

    )

  • Country:

    United States

  • City:

    El Segundo

  • Started in:

    2018

  • Founders:

    Patrick Quigley, Veronica Osetinsky

  • Industries:

    FinTech, Health Care, Health Insurance, Insurance, InsurTech

  • Number of employees:

    50-100

  • Funding Amount:

    $163.00M

  • Number of funding rounds:

    3

  • Number of investors:

    11

here

Hyperchain

Hyperchain

Hyperion offers a wide range of risk management solutions to businesses and individuals across the globe.

Details of the startup:

  • Valuation:

    $1.00

    B (

    April 2021

    )

  • Country:

    China

  • City:

    Hangzhou

  • Started in:

    2016

  • Founders:

    David Howden

  • Industries:

    Auto Insurance, Insurance, Retail, Wholesale

  • Number of employees:

    1,000-5,000

  • Funding Amount:

    $249.00M

  • Number of funding rounds:

    4

  • Number of investors:

    4

here

Tractable

Tractable

Tractable is a software company that develops artificial intelligence for accident and disaster recovery.

Details of the startup:

  • Valuation:

    $1.00

    B (

    June 2021

    )

  • Country:

    United Kingdom

  • City:

    London

  • Started in:

    2014

  • Founders:

    Adrien Cohen, Alexandre Dalyac, Razvan Ranca

  • Industries:

    Artificial Intelligence, Computer Vision, Insurance, Machine Learning, Software

  • Number of employees:

    100-250

  • Funding Amount:

    $119.83M

  • Number of funding rounds:

    8

  • Number of investors:

    17

here

The Zebra

The Zebra

The Zebra operates as an online insurance comparison marketplace, giving users access to the most affordable rates available. They allow everyday people to provide real-time feedback to their providers for better service.

Details of the startup:

  • Valuation:

    $1.00

    B (

    April 2021

    )

  • Country:

    United States

  • City:

    Austin

  • Started in:

    2012

  • Founders:

    Adam Lyons, Joshua Dziabiak

  • Industries:

    Insurance, Marketplace, Price Comparison, Search Engine

  • Number of employees:

    250-500

  • Funding Amount:

    $255.08M

  • Number of funding rounds:

    8

  • Number of investors:

    13

here
The All-In-One Newsletter for Startup Founders

Every week, I’ll send you Failory’s latest interviews and articles and 3 curated resources for founders. Join +20,000 other startup founders!