The Financial Technology Report is pleased to announce The Top 25 InsurTech Companies of 2025. This year, the insurance industry is undergoing a rapid digital overhaul, driven by technological innovations in artificial intelligence, automation, and data integration. The global InsurTech market, valued at $5.3 billion in 2024, is expected to grow to over $132.9 billion by 2034, reflecting the sector’s expanding influence in transforming legacy insurance models into more agile, customer-centric solutions.
The companies on this list are reshaping the landscape of insurance by leveraging advanced AI to enhance underwriting accuracy, automate complex claims processes, and deliver personalized, real-time experiences for both insurers and consumers. From fully integrated risk management platforms to no-code insurance products and embedded solutions, these leaders are addressing pressing industry demands for operational efficiency, better customer engagement, and regulatory compliance. By challenging outdated models and offering scalable, data-driven solutions, they are driving a future where insurance is not only smarter but more accessible and adaptive.
Among this year’s awardees, BriteCore is transforming P&C insurance by offering a cloud-native platform that enables mid-sized carriers and MGAs to streamline operations and rapidly adapt to changing market needs. Similarly, EasySend is driving digital transformation by empowering businesses to create and manage personalized, self-service customer interactions, enhancing operational efficiency. Ladder is further revolutionizing the insurance experience by providing fully digital life insurance solutions that deliver instant coverage decisions and flexible policies, making insurance more accessible and convenient. Together, these companies are redefining insurance operations, using technology to drive efficiency, enhance customer engagement, and simplify processes across the industry.
As technology continues to reshape the insurance industry, these companies are leading the way in innovation. This year’s awardees were selected based on their ability to leverage technology to solve industry challenges and transform experiences for both insurers and consumers. Please join us in recognizing The Top 25 InsurTech Companies of 2025.
1. Bestow
Bestow is a leading insurtech company founded in 2016 and headquartered in Dallas, Texas. The company offers an end-to-end software platform designed to help life insurers streamline operations, reduce costs, and boost profitability across the entire value chain. From product development and advanced underwriting to seamless policy administration, Bestow enables carriers to launch, manage, and scale life insurance products with speed and efficiency.
Trusted by major carriers, Bestow provides the digital infrastructure needed to modernize legacy systems, accelerate go-to-market strategies, and deliver superior experiences to agents and customers alike. The company combines deep software expertise with seasoned insurance industry knowledge, offering solutions informed by real operational insight.
Having recently raised $120 million in a Series D funding round led by Growth Equity at Goldman Sachs Alternatives and Smith Point Capital, Bestow continues to lead the transformation of the life insurance industry through technology-driven innovation.
2. BriteCore
BriteCore provides P&C insurers with a cloud-native core insurance platform designed to drive business growth, enhance operational efficiency, and offer unparalleled flexibility. The BriteCore Platform enables insurers to seamlessly manage policies, billing, and claims, rapidly configure new products, and access comprehensive reporting and analytics—all within a unified core insurance system that includes user-friendly portals for agents and policyholders.
Trusted by over 100 insurers across North America, BriteCore’s policy administration system empowers mid-size carriers and fast-growing MGAs to streamline their operations and confidently compete with the industry's largest providers.
3. Snapsheet
Snapsheet is a leading insurtech company, founded in 2011 and headquartered in Chicago, that aims to revolutionize claims management through its advanced cloud-based software platform. As a pioneer in virtual appraisals, Snapsheet sets new industry standards for efficiency across auto, property, and commercial insurance lines.
The platform delivers end-to-end digital solutions that streamline every phase of the claims process, from damage estimation and appraisal to payment processing and claimant communication. By automating key workflows, Snapsheet helps insurers reduce operational costs, shorten cycle times, and enhance customer satisfaction. Recently, Snapsheet announced a strategic partnership with Agentech to enhance its claims processing capabilities by integrating AI-driven digital agents into its platform.
Designed for seamless integration and backed by dedicated support, Snapsheet empowers insurers to modernize claims operations, improve profitability, and drive business growth. Trusted for its innovation and reliability, Snapsheet transforms complex claims handling into a simplified, efficient, and scalable process.
4. Shift Technology
Shift Technology is a global provider of AI-powered decisioning solutions designed to enhance performance across the insurance industry. Founded in 2014 in Paris, the company supports leading insurers in more than 25 countries with advanced tools that optimize and automate critical decisions throughout the policy lifecycle.
Shift’s solutions help insurers improve combined ratios by mitigating fraud, reducing risk, increasing operational efficiency, and enhancing the customer experience. The platform analyzes hundreds of millions of claims annually, delivering actionable insights that drive faster, smarter decisions. Recently, the company announced the Insurance Data Network, which allows members to benefit from industry-wide intelligence through a collaborative, multi-carrier exchange of claims and related data.
With a presence in key global markets—including Paris, Boston, Frankfurt, Tokyo, Singapore, London, Madrid, Toronto, Mexico City, and São Paulo—Shift Technology serves top insurers in property and casualty, travel, health, workers' compensation, and life insurance. As a trusted AI partner for leading insurers, Shift Technology combines deep expertise with cutting-edge solutions to drive measurable business impact.
5. Azos
Azos is a technology-driven company that aims to transform the life insurance industry in Brazil by delivering more accessible, efficient, and user-focused solutions. Through advanced analytics and innovative technology, Azos reduces inefficiencies across the insurance value chain, enabling faster operations, improved risk assessment, and a seamless multi-channel distribution model.
Azos provides a range of products designed to meet diverse customer needs, including life insurance, protection for serious illnesses such as cancer, stroke, and heart attacks, and coverage for total disability due to accidents. The company also offers funeral assistance to cover related expenses and the Guardian platform, which allows users to appoint a trusted individual to activate insurance in the event of an unforeseen occurrence.
The company is expanding its impact across Latin America, with a strong presence in Bogotá, Mexico City, Montevideo, and São Paulo. In February, Azos raised $30.5 million in a Series B funding round to further accelerate this growth.
6. hyperexponential
hyperexponential is a technology company specializing in decision intelligence for the insurance industry. The company is the creator of hx Renew, a pricing and underwriting platform designed to help global re/insurers optimize performance and profitability for their most complex lines of business. By enabling actuaries and underwriters to work with fragmented data sets, hx Renew allows them to quickly build sophisticated pricing tools and unite all parties involved.
Focused on transforming the insurance industry through decision intelligence, hyperexponential aims to address the challenges of disconnected systems and outdated processes that hinder insurers’ ability to make optimal decisions. The company recently launched hx AI, a suite of tools designed to revolutionize pricing and underwriting workflows by leveraging AI to unlock fresh insights, streamline data ingestion, and automate repetitive tasks.
With over 30 years of combined experience in designing rating and analytics ecosystems, the company’s co-founders recognized the need for a scalable solution that could turn sparse or fragmented data into actionable insights, positioning market leaders for future growth. hyperexponential currently works with over 40 clients, including global leaders such as Convex, Canopius, AEGIS, Aviva, Rising Edge, and Optio Group, with more than $45 billion of Gross Written Premium contracted through the hx Renew platform each year.
7. Ladder
Ladder is redefining the life insurance industry through a seamless, fully digital experience that offers customers instant coverage decisions and dynamic policy flexibility. Unlike traditional life insurance providers, which rely on lengthy application processes and manual underwriting, Ladder provides a streamlined, easy experience. By combining technological innovation, customer-centric design, and a mission to make life insurance simple and accessible, Ladder continues to disrupt the industry and set new standards for excellence in insurtech.
8. Federato Technologies
Federato is a technology company revolutionizing underwriting in the insurance industry through its RiskOps platform. Designed for carriers, MGAs, and MGUs, the platform delivers real-time risk selection and portfolio insights, enabling underwriters to make smarter, more balanced decisions across their books of business.
Founded in 2020, Federato is transforming the over $1 trillion property and casualty and specialty insurance markets by leveraging advanced AI and deep reinforcement learning. Its solutions empower insurers to deliver inclusive and resilient coverage, especially for underserved communities facing challenges such as climate risk, cyber threats, and social inflation.
Federato is backed by leading venture capital firms that collectively have over $200 billion under management and $1 trillion in exits. Last year, the company secured $40 million in Series C funding led by StepStone Group, with participation from Emergence Capital, Caffeinated Capital, and Pear VC. The company continues to expand its influence in the insurance industry, helping insurers improve risk management and adapt to emerging challenges.
9. Origami Risk
Origami Risk is a leading provider of integrated SaaS solutions for insurance, risk, and safety management. Headquartered in Chicago, the company serves a broad range of clients, including insurers, MGAs, TPAs, risk pools, brokers, and organizations across industries such as government, healthcare, construction, manufacturing, and energy.
Founded in 2009 by industry veterans, Origami Risk was created to meet the need for a single-version, cloud-based risk management platform. Today, the company offers a highly configurable and scalable suite of solutions covering insurance core systems, risk management, governance, risk and compliance (GRC), and environment, health and safety (EHS).
Origami’s secure, multi-tenant platform is accessible via web and mobile, allowing organizations to streamline operations, improve compliance, and enhance decision-making. With over 800 employees and a global client base exceeding 950 organizations, Origami Risk continues to drive innovation across the risk and insurance landscape.
10. Steadily
Steadily is a modern insurance provider specializing in high-quality coverage for rental property owners. Founded by a team of experienced insurance professionals and rental property investors, the company is dual-headquartered in Austin, Texas, and Overland Park, Kansas.
Designed specifically for landlords, Steadily delivers a streamlined, tech-enabled insurance experience tailored to the unique needs of rental property owners. The company continues to expand its reach through strategic partnerships, including recent integrations with Furnished Finder and Tractic.io, offering embedded insurance solutions to mid-term rental owners and real estate investors nationwide.
Backed by leading investors such as Two Sigma Ventures, Zigg Capital, and Matrix Partners, Steadily recently secured $30 million in a Series C funding round to accelerate growth and further scale its presence in the landlord insurance market.
11. EasySend
EasySend is the missing layer to limitless self-service. Its suite of products makes it easy to plan, create, and manage personalized customer interactions across all channels connected to your business software.
12. bolttech
bolttech is a global insurtech leader building a tech-driven insurance ecosystem that connects insurers, distributors, and customers across industries. Launched in 2020, the company has rapidly expanded to operate in 37 markets across four continents, making it the most internationally scaled insurtech in the world.
bolttech combines cutting-edge technology with deep insurance expertise to deliver innovative solutions that meet the evolving needs of partners and customers. The company’s platform offers a comprehensive suite of tools, including an insurer library providing instant access to hundreds of insurer product connections, a no-code product and pricing configurator to accelerate product launches, and advanced analytics to optimize conversions and enhance customer experiences.
bolttech is also focused on enhancing its global servicing capabilities, with features like an intuitive servicing and claims portal, policy lifecycle services, and a network of global contact centers. With a team of over 2,000 professionals and partnerships with more than 250 insurers, bolttech enables the quoting of over $65 billion in premiums annually. Its platform supports millions of customers through a wide network of distribution partners across diverse industry verticals.
13. Gradient AI
Gradient AI is a leading provider of proven AI solutions for the insurance industry. Its solutions improve loss ratios and profitability by predicting underwriting and claim risks with greater accuracy, as well as reducing quote turnaround times and claim expenses through intelligent automation.
Unlike other solutions that use a limited claims and underwriting dataset, Gradient AI’s software-as-a-service (SaaS) platform leverages a vast industry data lake comprising tens of millions of policies and claims. It also incorporates numerous other features, including economic, health, geographic, and demographic information. In April, the company unveiled its next-generation Workers' Compensation Underwriting Risk Score Solution, which delivers enhanced accuracy, speed, and regulatory compliance, positioning insurers to stay ahead of emerging AI regulations.
Gradient AI’s customers include some of the most recognized insurance carriers, MGAs, MGUs, TPAs, risk pools, PEOs, and large self-insured employers across all major lines of insurance. With these solutions, the company aims to help insurers of all types achieve a better return on risk.
14. Newfront Insurance
Newfront is a modern insurance brokerage redefining risk management, business insurance, total rewards, and retirement services by blending deep industry expertise with advanced technology. Headquartered in San Francisco with offices nationwide, Newfront serves 14,000 clients across the U.S. and internationally, with a 99% client retention rate.
Newfront’s proprietary platform enhances the productivity of insurance professionals by automating routine tasks, allowing them to focus on strategic client service. More than just a system of record, the platform functions as a dynamic, real-time engine for delivering exceptional insurance solutions.
In addition to its platform, Newfront offers innovative tools like Benji, a generative AI-powered benefits assistant that provides instant answers to employee benefits questions. Accessible 24/7 via Slack and the Newfront Mobile app, Benji simplifies benefits communication and boosts engagement for both employers and employees, further solidifying Newfront’s commitment to reshaping the insurance experience.
15. CCC Intelligent Solutions
CCC Intelligent Solutions Inc. is a leading cloud platform for the multi-trillion-dollar P&C insurance economy, creating intelligent experiences for insurers, repairers, automakers, part suppliers, lenders, and more. With over 20 years of consecutive growth, CCC helps streamline and automate key processes in auto claims and collision repair, enhancing customer experiences and operational efficiencies across the industry.
The CCC Intelligent Experience Cloud, powered by advanced AI and an innovative event-based architecture, connects over 35,000 businesses, providing tailored applications and platforms for optimal outcomes. CCC’s solutions help customers turn data into actionable insights, enabling intelligent experiences that improve decision-making and outcomes. Its platform supports a range of services, including estimating, repair management, consumer engagement, and payment solutions, all while simplifying the interaction between insurers, repair shops, and parts suppliers.
Focused on driving innovation, CCC's technology empowers businesses to create connected, empathetic claims experiences, enhance repair quality, and streamline payment processes. By strengthening industry relationships and leveraging data-driven solutions, CCC plays a pivotal role in shaping a more efficient, sustainable, and customer-centric ecosystem.
16. Stoïk
Stoïk is a cyber insurance company founded in 2021 and based in Paris, France. The company combines advanced cybersecurity tools with comprehensive insurance coverage to help businesses effectively manage cyber risks. Designed to empower brokers, Stoïk provides streamlined, tech-enabled solutions that simplify underwriting, enhance risk prevention, and ensure rapid incident response.
Stoïk replaces traditional questionnaires with automated risk assessments, enabling faster and more accurate underwriting. Its platform includes integrated cybersecurity software for continuous monitoring and prevention, along with an in-house crisis management team to deliver swift support during incidents.
Trusted by over 1,000 brokers across Europe, Stoïk is actively strengthening the resilience of businesses and safeguarding the broader economy against growing cyber threats.
17. AdhereHealth
AdhereHealth is a healthcare technology company focused on providing innovative solutions for health plans and insurers to improve medication adherence and drive better health outcomes. Headquartered in Nashville, Tennessee, AdhereHealth leverages its industry-leading Adhere Platform™ to help health plans and insurers improve performance on key measures, including CMS Star Ratings, Part D adherence, HEDIS, and Medication Therapy Management (MTM).
By addressing social determinants of health barriers, AdhereHealth helps health plans engage even the highest-risk, hardest-to-reach members. Its data-driven, multi-mode approach improves adherence at every level of the risk spectrum, driving better performance on government-sponsored pay-for-performance programs and increasing value-based care reimbursement. The platform enables insurers to meet the demands of value-based care models by improving quality measure performance and ensuring long-term adherence and patient experience improvements.
18. CoverGo
CoverGo is a global insurtech company offering a modular, no-code core insurance platform that helps insurers build and launch products faster. Founded in 2017, the company holds a patent for its drag-and-drop product builder and is backed by a team with over 500 years of combined experience in insurance and enterprise software.
The platform is AI-powered and enables insurance companies in health, life, and P&C to digitally transform in a flexible, scalable, and cost-effective way. It eliminates the need for coding, accelerates product delivery, and simplifies operations, allowing insurers to develop omni-channel distribution and digitize policy administration and claims.
With offices in Silicon Valley, New York, Dubai, Singapore, and Hong Kong, CoverGo serves over 20 clients globally, including AXA, Bupa, and MSIG, among others, making it a trusted partner for insurers looking to scale.
19. Fintary
Fintary is a purpose-built financial platform designed specifically for the insurance industry to streamline revenue reconciliation, commission payouts, and reporting. Founded in 2021 and based in San Francisco, Fintary combines AI-powered data processing, reconciliation, and end-to-end workflow automation to reduce errors and unlock new efficiencies. The platform integrates with leading AMS, CRM, and administration systems, eliminating the complexity of legacy software and enabling brokerages to modernize their back-office processes.
With a mission to simplify financial operations and drive business growth, Fintary optimizes revenue and strengthens producer bases. The platform offers robust tools for commission reconciliation, including automatic data extraction, mapping, and categorization from carrier feeds and statements. It also provides dynamic producer-level reporting, flexible incentive program management, and real-time visibility for payees.
Fintary’s advanced analytics uncover cash flow gaps, producer insights, and business opportunities, helping finance teams forecast revenue and track key performance indicators like churn and profitability. Built to complement existing systems, Fintary’s technology supports smoother operations and offers peace of mind for growing businesses.
20. HawkSoft
HawkSoft is a leading provider of agency management systems designed to streamline workflows and enhance the overall experience for independent insurance agencies. Founded in 1995 and headquartered in Canby, Oregon, HawkSoft has developed a powerful platform built specifically around the needs and workflows of insurance agents.
With over 150 employees and a nationwide presence, HawkSoft serves thousands of agencies across the country, offering a user-friendly system that allows agencies to manage, grow, and measure their operations effectively. HawkSoft is independently owned and remains accountable to the agencies it serves, promising that its system will pay for itself within the first year.
The HawkSoft platform offers a comprehensive suite of tools, including policy management, sales pipeline CRM, invoicing, accounting, document storage, and batch email marketing. The platform also includes innovative tools like HawkLink, which integrates carrier websites for efficient data entry, and a concierge-like utility that builds personalized daily agendas for staff. HawkSoft’s focus on user-friendliness and customization helps agencies increase efficiency while delivering a seamless experience for both staff and clients.
21. Riskcovry
Riskcovry is a full-stack technology platform enabling India’s largest insurance distributors to digitally launch, scale, and manage their insurance businesses. Founded in 2018 and based in Mumbai, its platform is pre-integrated with over 40 insurers and more than 150 insurance products. Riskcovry offers a market-ready, single-platform solution that supports retail, POSP-assisted, credit-linked, and embedded insurance channels through APIs and plug-and-play tools.
Designed for life, health, and general insurance, Riskcovry delivers "Insurance-in-a-Box"—combining technology, compliance, and insurance products as infrastructure-as-a-service. This enables seamless digital distribution and servicing for enterprises of all types.
Serving both traditional players like banks, NBFCs, and brokers, as well as new entrants such as fintechs, retail chains, and telecom providers, Riskcovry helps partners start and scale their digital insurance distribution journeys with speed and efficiency.
22. Instanda
INSTANDA is a SaaS-based, no-code insurance product design platform founded in 2012 and headquartered in London. The company enables carriers, MGAs, and brokers to design, build, and launch insurance products with unmatched speed and flexibility. Purpose-built for the insurance industry, INSTANDA replaces legacy systems with a dynamic, fully customizable platform that supports rapid product innovation across multiple lines and channels.
By integrating seamlessly with existing systems, INSTANDA empowers insurers to amend rates, documents, customer journeys, and underwriting logic in minutes, enabling product launches in days or weeks instead of months. Its robust policy administration capabilities and insurance-specific workflows reduce time-to-market, lower total cost of ownership, and improve customer experience.
Used by leading insurers across the UK, Europe, North America, LATAM, and Australia, INSTANDA transforms traditional back-office processes into agile, digital-first operations. With a client-driven roadmap and scalable architecture, INSTANDA delivers measurable ROI and enables insurance teams to innovate at scale.
23. AgentSync
AgentSync builds modern insurance infrastructure that connects carriers, agencies, MGAs, and producers. By providing distribution channel management (DCM) solutions, AgentSync simplifies the onboarding, licensing, and appointing processes, making them seamless and efficient for insurers, producers, and agents alike. The company’s solutions ensure that growth and compliance work together rather than against each other, allowing businesses to scale while remaining fully compliant. In May, AgentSync unveiled its new solution, AgentSync Contracting, which fully automates the critical contracting stage of insurance agent onboarding.
Headquartered in Denver, Colorado, AgentSync’s platform automates producer onboarding workflows, integrates real-time data across systems, and streamlines producer management and compliance. With API connectivity for seamless data exchange and features like hierarchy management and AutoPilot, AgentSync helps insurers optimize their distribution networks.
The platform’s configurable, intuitive design supports a hands-off approach to growth, allowing insurers to focus on revenue generation without worrying about regulatory complexities. AgentSync recognizes compliance as the ultimate enabler for optimized distribution, unlocking new revenue opportunities and enabling agility in a rapidly evolving industry.
24. Angle Health
Angle Health is an AI-enabled, full-stack health platform transforming employer-sponsored healthcare with modern technology. Founded in 2019 and headquartered in San Francisco, Angle Health addresses the inefficiencies of traditional health plans and third-party administrators (TPAs) by leveraging automation and data integration. The platform simplifies health benefits management for employers, brokers, and members through streamlined workflows and tech-enabled processes.
Built with a focus on scalability and integration, Angle Health’s platform includes tools like Quote to Card and Benefit Builder, enabling rapid, dynamic plan design and underwriting. The platform integrates with over 100 payroll, HRIS, and benefits administration systems, allowing seamless data exchange between stakeholders. With a focus on AI-driven insights, Angle Health automates key processes such as member engagement and care access, helping reduce administrative overhead and improve the overall efficiency of healthcare management.
25. TrustLayer
TrustLayer is a collaborative risk management platform that leverages AI to automate and streamline the verification of insurance, licenses, and compliance documents across a network of nearly 300,000 companies. Designed for modern risk managers, TrustLayer simplifies the entire risk lifecycle—from vendor onboarding and COI tracking to litigation data preparation—empowering businesses to manage risk with greater efficiency and confidence. By integrating AI for document verification and compliance tracking, TrustLayer provides real-time risk visibility and reduces the need for manual processes, allowing organizations to focus on building relationships and scaling their risk management programs.
With TrustLayer, organizations can automate follow-ups, set expiration reminders, and facilitate in-app messaging, eliminating the need for phone tag or signing into multiple systems. The platform enhances collaboration by offering features like instant document data extraction, compliance analytics, and automated risk visibility. TrustLayer's Compliance Assistant and verification tools ensure that insurance endorsements are accurate and up to date, helping businesses proactively detect emerging risks and maintain compliance without the inefficiencies of traditional risk management systems.
Trusted by brokers and carriers, TrustLayer simplifies the insurance verification process. By replacing manual processes with digital workflows, the company enables insurers to validate coverage in real-time and manage risk more efficiently.
