CB Insights has unveiled the winners of the second annual Insurtech 50 — a list of the 50 most promising private insurtech companies across the globe.
Among this year’s winners, some are developing new AI tools and infrastructure for insurers to digitize and improve back-office efforts, while others are competing with legacy insurers by building tech-first insurance platforms. A number of winners are digitally linking various stakeholders in the insurance industry, such as by opening new distribution channels or enabling more efficient risk transfer exchanges.
The CB Insights research team picked these 50 vendors from a pool of over 2K companies, including applicants and nominees. They were chosen based on CB Insights datasets — including R&D activity, Mosaic scores, business relationships, Yardstiq transcripts, investor profiles, news sentiment analysis, competitive landscape, and team strength — and criteria such as tech novelty and market potential.
CB Insights clients can access the entire Insurtech 50 list and interactive Expert Collection here.
Want to be considered for future rankings? Fill out this initial application form (it’ll take no more than a few minutes). If selected, you’ll be asked to complete our Analyst Briefing Survey so that our analysts can better understand your products, customers, and market traction.
TOP INSURTECH COMPANIES 2023: INSURTECH 50 COHORT HIGHLIGHTS
Overall funding & valuation trends: The Insurtech 50 includes a mix of companies at different stages of maturity, product development, and funding.
Overall, the cohort has raised $9B+ across 174 equity deals since 2018 (as of 7/24/23). In 2022 alone, companies from this cohort raised $2.4B across 31 deals. This year’s list includes 12 unicorns with a $1B+ valuation.
