Current projections estimate that the global insurtech market will reach approximately $23.5 billion by 2026, reflecting steady growth across multiple areas of the insurance industry.
Tag: Insurtech
Outmarket Introduces Insurtech Proposal Builder to Streamline Commercial Insurance Sales
The company stated that the new AI-powered workflow significantly reduces the time required to create customized insurance proposals, turning a process that typically takes hours into one completed in minutes.
InsurTech Trends Shaping Insurance Operations
A recent FinTech Global article highlights three technology shifts that are remaking insurer workflows this year: agentic AI, human-verified automation, and cloud scale.
Global InsurTech Report Q3 2025: AI Leads Commercial Insurance Innovation
The latest Global InsurTech Report for the third quarter of 2025 provides an overview of the ongoing role of Artificial Intelligence (AI) in shaping the insurance and reinsurance sectors, with a specific focus on commercial insurance. The report evaluates how InsurTech firms are leveraging AI to transform this major line of business — both through… Continue reading Global InsurTech Report Q3 2025: AI Leads Commercial Insurance Innovation
Otonomi Secures $5 Million Series A to Advance Insurtech Innovation in Cargo Insurance
Otonomi.ai, a blockchain-enabled insurtech platform specializing in cargo delay protection, announced the completion of a USD $5 million Series A funding round on October 30, 2025.
InsurTech Association Marks Strong Membership Growth and Final Call for Founding Sponsors
The InsurTech Association (ITA), a nonprofit trade group advancing innovation in the insurtech sector, has reported significant growth since its launch in March 2023.
Insurtech Lemonade Reduces Reinsurance Cession to Retain More Premiums
Insurtech company Lemonade Inc. is reducing the portion of its insurance premiums that it cedes to reinsurance partners, shifting from 55% to 20% for new and renewing policies.
Insurtech Vortex Weather Insurance Expands Access to Snow Risk Policies
Vortex Weather Insurance, a data-driven insurtech, announced that its parametric snow insurance policies are now available for direct purchase by businesses or through their brokers. Previously, these policies were only accessible through Vortex’s parent company, MSI GuaranteedWeather.
Insurtech The Spark Launches at Monte Carlo as a Global Prevention Lab for Insurance
A new insurtech platform called The Spark has officially launched at the annual Rendez-Vous in Monte Carlo, describing itself as “the world’s first global prevention lab.”
InsurTech Funding Surpasses $60B, AI Investment Dominates
The global InsurTech sector has reached a new funding milestone, with more than $60 billion raised and invested since 2012, according to Gallagher Re’s latest Global InsurTech Report.