51 Insuretech Startups in UK to Watch in 2023
UK's Insuretech sector is booming. This year’s list of the best 51 UK Insuretech startups is an eclectic mix of hyper-growth scaleups, small creative startups and everything in between.
Last update: September 08, 2023
Featured companies in Company
Featured
AI to track accident photos of the damage to predict repair cost.
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Latest Funding
$65 Million · Series E
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Employees
101 to 250
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Investors
415 vc, 415 vc, Zetta Venture Partners, Zetta Venture Partners, Zetta Venture Partners, Isomer Capital, SoftBank Group, Acequia Capital, Insight Venture Partners, Insight Venture Partners, Insight Venture Partners, Acequia Capital
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Business Model
B2B
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Industries
Insuretech, Machine Learning
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Locations
London
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Contact
•••••@tractable.ai
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Featured
Napo is an Insurtech start-up committed to bringing innovative, customer-centric and transparent products to the market.
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Latest Funding
$18 Million
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Employees
11 to 50
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Investors
Helvetia Venture Fund, Sarona Ventures, Sarona Ventures, DN Capital, DN Capital, FJ Labs, FJ Labs, Picus Capital, Picus Capital
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Business Model
B2B, B2C
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Industries
Edtech, Fintech, Insuretech, Sales and Marketing, Ecommerce
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Locations
London
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Contact
•••••@napo.pet
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Featured
Insurance for small businesses.
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Latest Funding
$50 Million · Series B
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Employees
51 to 100
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Investors
Atami Capital, Earlymarket, Bpifrance, Concentric, Concentric, Concentric, Concentric, Seedcamp, Seedcamp, Seedcamp, Seedcamp
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Business Model
B2B
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Industries
Fintech, Insuretech, Cybersecurity
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Locations
London
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Contact
•••••@gosuperscript.com
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Full list of Insuretech startups in UK
Balance Re is the life reinsurance startup specialized in quantitative asset-liability management.
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Latest Funding
$10 Million · Series A
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Industries
Fintech, Insuretech, Data and Analytics
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Locations
London
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Employees
11 to 50
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Business Model
B2B
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Investors
Anthemis
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Contact
•••••@balance.re
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Insurance and benefits to make independent work, work for everyone.
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Latest Funding
$10 Million
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Industries
Fintech, Insuretech
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Locations
London
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Employees
51 to 100
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Business Model
B2B
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Investors
Stride VC, NFX, Insurtech Gateway
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Contact
•••••@collectivebenefits.com
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Concirrus support digital transformation of the specialty insurance industry using the latest developments in technology.
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Latest Funding
$6 Million
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Industries
Climate Tech & Green Tech, Fintech, Insuretech, Machine Learning, Mobile, Data and Analytics, Business Intelligence, Supply Chain & Logistics
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Locations
London
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Employees
101 to 250
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Business Model
B2B, SAAS
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Investors
CommerzVentures
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Contact
•••••@concirrus.com
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Hyperexponential is a provider of mathematical modeling software for the commercial insurance sector.
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Latest Funding
$18 Million · Series A
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Industries
Fintech, Insuretech, Data and Analytics, Business Intelligence
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Locations
London
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
Highland Europe
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Contact
•••••@hyperexponential.com
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Konsileo is a commercial insurance broker using technology to empower individuals and replace hierarchical management.
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Latest Funding
$5.7 Million · Series A
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Industries
Fintech, Insuretech
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Locations
London
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Employees
11 to 50
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Business Model
B2B
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Investors
ACF Investors
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Contact
•••••@konsileo.com
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Urban Jungle offers simple, fair and affordable insurance, unlocked using the latest technology.
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Latest Funding
$11 Million · Seed
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Industries
Fintech, Insuretech, Proptech & Real Estate
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Locations
London
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Employees
11 to 50
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Business Model
B2C
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Investors
Eka Ventures, Mundi Ventures, Portfolio Ventures
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Contact
•••••@myurbanjungle.com
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Artificial is building the next generation of insurance technology to empower commercial insurers to write better risks, faster.
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Latest Funding
$12 Million · Series A
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Industries
Fintech, AI, Insuretech, Developer Tools
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Locations
London
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
Force Over Mass Capital, Mundi Ventures
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Contact
•••••@artificial.io
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All-in-one employee benefts platform.
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Latest Funding
$16 Million · Series A
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Industries
Health Tech, Fintech, Insuretech, Hiring and Recruitement, Payments
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Locations
London
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
DN Capital, Seedcamp, Atomico, Cherry Ventures
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Contact
•••••@thanksben.com
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Laka is building the leading Green Mobility insurer globally
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Latest Funding
$1.5 Million · Series A
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Industries
Fintech, Insuretech, Sportstech
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Locations
London
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Employees
51 to 100
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Business Model
B2C
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Investors
Local Globe, Creandum, Ponooc
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Contact
•••••@laka.co
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AI-powered insurance process optimization platform.
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Latest Funding
$2 Million · Pre Seed
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Industries
Insuretech
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Locations
London
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Employees
11 to 50
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Business Model
B2B
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Investors
500 Global
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Contact
•••••@desaisiv.com
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Digital asset protection platform.
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Latest Funding
$30 Million · Series B
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Industries
Fintech, Crypto & web3, Insuretech, Privacy and Security
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Locations
Cardiff
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Employees
51 to 100
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Business Model
B2B
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Investors
Foundation Capital, Element Ventures, Insurtech Gateway
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Contact
•••••@coincover.com
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Aventus Platform is enables insurance businesses to create a seamless customer experience for any insurance line, through any channel.
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Industries
Fintech, Insuretech, Business Intelligence, CRM
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Locations
London
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
Outward VC, Notion Capital, Triple Point Ventures, Haatch
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Contact
•••••@aventusplatform.com
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Climate X delivers climate risk-related ratings and asset level financial impacts for extreme weather events linked to climate change.
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Latest Funding
$5.4 Million · Seed
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Industries
Fintech, Agritech, Insuretech, Data and Analytics, Energy & Nuclear, Business Intelligence
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Locations
London
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
CommerzVentures, A/O PropTech, Pale Blue Dot, Blue Impact Ventures
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Contact
•••••@climate-x.com
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Ki Insurance is a fully digital and algorithmically-driven Lloyd’s of London syndicate offering instant capacity, accessible at any time.
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Latest Funding
$500 Million
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Industries
Fintech, Insuretech
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Locations
London
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Employees
11 to 50
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Business Model
B2B
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Contact
•••••@ki-insurance.com
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Loadsure is a spot freight cargo insurance company.
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Latest Funding
$11 Million · Series A
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Industries
Fintech, Insuretech, Mobility & Transportation, Ecommerce
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Locations
London
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Employees
1 to 10
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Business Model
B2B
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Investors
MMC Ventures, Insurtech Gateway
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Contact
•••••@loadsure.net
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Ondato is a tech company that streamlines KYC and AML-related processes.
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Latest Funding
$4.2 Million · Seed
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Industries
Fintech, Insuretech, Legal Tech
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Locations
London
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Employees
101 to 250
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Business Model
B2B, SAAS
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Investors
Startup Wise Guys
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Contact
•••••@ondato.com
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SaaS modelling platform for insurers and banks
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Latest Funding
$4.6 Million
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Industries
Edtech, Fintech, AI, Insuretech, Machine Learning, Data and Analytics
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Locations
London
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
Calculus Capital
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Contact
•••••@optalitix.com
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HealthyHealth is now Qumata. We are building a new Standard for Life and Health Insurance Underwriting.
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Latest Funding
$10 Million · Series A
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Industries
Fintech, Insuretech, Ecommerce
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Locations
London
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Employees
11 to 50
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Business Model
B2B, B2C
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Investors
MMC Ventures
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Contact
•••••@qumata.com
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We're building an advanced way for millions of people to protect themselves and their loved ones.
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Latest Funding
$2.4 Million · Seed
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Industries
Fintech, Insuretech
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Locations
London
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Employees
11 to 50
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Business Model
B2B, B2C
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Investors
Form Ventures
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Contact
•••••@bequest.com
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BIMA provides digital health and insurance services in emerging markets.
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Latest Funding
$30 Million
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Industries
Health Tech, Fintech, Insuretech, Mobile
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Locations
London
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Employees
1001 to 5000
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Contact
•••••@bimamilvik.com
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Our weather intelligence platform helps construction companies identify, avoid, mitgate and transfer weather risk.
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Latest Funding
$1.1 Million · Seed
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Industries
Crypto & web3, Insuretech, Proptech & Real Estate
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Locations
London
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
Insurtech Gateway
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Contact
•••••@ehab.co
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Hometree exists to make home ownership simple & sustainable
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Latest Funding
$9.1 Million · Series A
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Industries
Fintech, Insuretech, Proptech & Real Estate, Energy & Nuclear, Internet of Things, ElderTech
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Locations
London
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Employees
51 to 100
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Business Model
B2B, B2C, MARKETPLACE
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Investors
Anthemis, DN Capital
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Contact
•••••@hometree.com.au
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Insly is cloud-based insurance software for insurance brokers and agents to replace papers and spreadsheets.
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Latest Funding
$1.1 Million · Seed
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Industries
Fintech, Insuretech
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Locations
London
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Employees
51 to 100
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Business Model
B2B, SAAS
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Investors
Concentric, Black Pearls VC
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Contact
•••••@insly.com
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Instanda is a provider of a no-code core insurance platform that allows insurance companies to build, configure, and launch products online.
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Latest Funding
$45 Million · Series B
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Industries
Fintech, Insuretech
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Locations
London
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Employees
101 to 250
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Business Model
B2B, SAAS
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Contact
•••••@instanda.com
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Skyline Partners is a private-equity-funded Insurtech company, focusing solely on index-based parametric insurance.
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Latest Funding
$1.1 Million
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Industries
Fintech, Insuretech, Mobility & Transportation
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Locations
London
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Employees
1 to 10
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Business Model
B2B
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Investors
West Hill Capital
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Contact
•••••@skylinepartners.org
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The Applied AI Company builds products to automate human processes within insurance, pharmaceutical, healthcare and government.
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Latest Funding
$42 Million
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Industries
AI, Insuretech
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Locations
London
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Employees
11 to 50
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Contact
•••••@aaico.com
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Data-driven insurance platform.
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Latest Funding
$2.9 Million · Seed
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Industries
Insuretech, Business Intelligence
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Locations
Nottingham
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Employees
11 to 50
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Business Model
SAAS
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Investors
Praetura Ventures
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Contact
•••••@percayso-inform.com
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FATCA&CRS compliance-as-a-service.
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Latest Funding
$20 Million · Series A
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Industries
Insuretech
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Locations
London
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Employees
11 to 50
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Business Model
B2B
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Contact
•••••@taina.tech
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Augmize offers claims management, risk management, and policy management solutions.
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Latest Funding
$1 Million
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Industries
Fintech, Insuretech
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Locations
London
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
Entrepreneur First
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Contact
•••••@augmize.com
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Bluezone Insurance offers personalized, same-day life cover for people with chronic conditions, like type 2 diabetes and heart diseases.
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Latest Funding
$1.9 Million · Seed
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Industries
Health Tech, Fintech, Biotech, Deep Tech, Insuretech
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Locations
London
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Employees
1 to 10
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Business Model
B2C
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Investors
Insurtech Gateway, Portfolio Ventures
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Contact
•••••@bluezoneinsurance.co.uk
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Reveal consumer's real transactional ability
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Latest Funding
$1.4 Million · Seed
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Industries
Fintech, Insuretech, Proptech & Real Estate, Data and Analytics, Identity Management
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Locations
London
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
Ascension Ventures
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Contact
•••••@homeppl.com
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Rent upfront
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Latest Funding
$1.3 Million · Pre Seed
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Industries
Fintech, Insuretech, Proptech & Real Estate, Mobile
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Locations
London
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Employees
11 to 50
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Business Model
B2B, B2C
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Investors
Lakestar, Accel, FJ Labs, Flyer One Ventures
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Contact
•••••@wectory.com
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Clausematch is an award-winning regulatory technology (RegTech) company.
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Latest Funding
$11 Million · Series B
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Industries
Fintech, Insuretech, Legal Tech, Business Intelligence
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Locations
London
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Employees
51 to 100
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Business Model
B2B, SAAS
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Contact
•••••@clausematch.com
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DeadHappy is an insurtech company that provides digital pay-as-you-go life insurance services.
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Latest Funding
$15 Million
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Industries
Fintech, Insuretech, Ecommerce
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Locations
Leicester
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Employees
11 to 50
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Business Model
B2B, B2C
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Investors
Octopus Ventures, Headline, VERSO Capital
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Contact
•••••@deadhappy.com
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Mashroom is a proptech startup that provides end-to-end property letting services to landlords and tenants.
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Latest Funding
$5.2 Million
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Industries
Insuretech, Proptech & Real Estate, Community & Lifestyle
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Locations
London
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Employees
11 to 50
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Business Model
B2B, MARKETPLACE, SAAS
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Contact
•••••@mashroom.com
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Mind Foundry is an Oxford University company that has developed an AI platform to solve the world's most important problems.
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Latest Funding
$14 Million · Series A
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Industries
Fintech, AI, Insuretech, Machine Learning, Data and Analytics, Enterprise Software
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Locations
Oxford
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Employees
11 to 50
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Business Model
B2B, SAAS
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Investors
Oxford Science Enterprises, Parkwalk Advisors
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Contact
•••••@mindfoundry.ai
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Wrisk offers a customizable platform that enables businesses to create mobile-first insurance experiences for their customers.
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Latest Funding
$6.5 Million · Series A
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Industries
Fintech, Insuretech, Mobile, Ecommerce
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Locations
London
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Employees
11 to 50
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Business Model
B2B
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Contact
•••••@wrisk.co
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Insurami offers a deposit guarantee platform for commercial real estate
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Industries
Fintech, Insuretech, Proptech & Real Estate, Developer Tools
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Locations
London
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Employees
1 to 10
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Business Model
B2B
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Investors
Global Founders Capital (GFC), Entrepreneur First
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Contact
•••••@insurami.com
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Nayms is a Smart contract platform for the placement, trade, reporting and settlement of insurance risk.
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Latest Funding
$6 Million · Seed
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Industries
Fintech, Crypto & web3, Insuretech, Investing
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Locations
London
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Employees
11 to 50
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Business Model
B2B
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Contact
•••••@nayms.io
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Building the Location Risk Intelligence platform for the future of Auto Insurance and Mobility
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Industries
Fintech, AI, Insuretech, Mobility & Transportation
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Locations
London
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
Seedcamp, Ada Ventures
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Contact
•••••@predina.com
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Telematics, Cars, IoT, SaaS, Insurance, ADAS, Intelligent voice,Automotive
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Latest Funding
$4.1 Million
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Industries
Fintech, AI, Insuretech, Mobility & Transportation, Internet of Things
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Locations
London
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Employees
11 to 50
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Business Model
B2B
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Contact
•••••@thingco.com
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Custom insurance for small businesses.
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Latest Funding
$320 Thousand · Pre Seed
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Industries
Fintech, Insuretech, Ecommerce
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Locations
London
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Employees
1 to 10
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Business Model
B2B
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Contact
•••••@lukango.com
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Nimbla is dedicated to providing small and medium-sized UK businesses with dynamic invoice insurance.
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Latest Funding
$7 Million
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Industries
Fintech, Insuretech
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Locations
London
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Employees
11 to 50
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Business Model
B2B
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Contact
•••••@nimbla.com
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Intelligent AI reduces the cost of and accelerates customer engagement with innovative AI solutions for Insurance and Local Government.
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Latest Funding
$570 Thousand · Seed
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Industries
Fintech, AI, Insuretech, Proptech & Real Estate, Machine Learning
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Locations
Exeter
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Employees
1 to 10
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Business Model
B2B, SAAS
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Investors
Force Over Mass Capital, Concept Ventures
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Contact
•••••@intelligentai.co.uk
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InsurTech, Managing General Agent, Satellite-Data, Parametric Insurance, Climate-Change Risks
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Industries
Fintech, Agritech, Insuretech, Energy & Nuclear, Business Intelligence
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Locations
London
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Employees
1 to 10
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Business Model
B2B
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Contact
•••••@birdseyeviewtechnologies.com
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Goodbye, cash deposits. Hello, Reposit. The best alternative to cash deposits for agents, landlords and tenants.
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Latest Funding
$990 Thousand · Seed
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Industries
Fintech, Insuretech, Proptech & Real Estate, Mobile
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Locations
London
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Employees
11 to 50
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Business Model
B2B, SAAS, MARKETPLACE
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Contact
•••••@reposit.co.uk
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Broker Insights is a searchable platform for insurers and brokers.
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Latest Funding
$8 Million · Series A
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Industries
Fintech, Insuretech, Ecommerce
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Locations
Dundee
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Employees
11 to 50
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Business Model
B2B, B2C, MARKETPLACE
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Contact
•••••@brokerinsights.com
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nSurely is a usage-based auto insurance platform for individuals.
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Latest Funding
$630 Thousand · Pre Seed
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Industries
Fintech, Insuretech, Mobile, Mobility & Transportation, Ecommerce
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Locations
Cork
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Employees
1 to 10
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Business Model
B2C
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Contact
•••••@nsurely.com
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