Global segment ranking · Fintech › Insurance
The world’s most valuable embedded insurance startups
Companies whose main business is insurance sold inside another company’s purchase or app — e-commerce, travel, mobility, gig work, devices, telecoms — through APIs, the platforms that power it, and insurers whose main channel is partners. Ranked worldwide by AI-estimated valuation. The market sets the value; AI models estimate it.
Key metrics for this segment: key milestone. Figures as published by each company or the press, dated, not recalculated. The AIs weigh them alongside funding history and comparables.
Not in this segment. Bought: Clyde (Cover Genius), simplesurance (Allianz X), justInCase (Sony Financial Group), Blink Parametric (CPP Group). Created by an insurer or a group: Setoo (AXA venture studio), Companjon, Wakam (an established insurer). Software sold to insurers, not ranked here: Curacel. Listed: YOLO Group (shown under Insurance distribution). In other segments: TheGuarantors under Rentals; digital insurers selling direct under Neo-insurers; brokers and comparison sites under Insurance distribution (Qoala, Matic). A company appears in one segment only. Method
The segment at a glance
33companies ranked
1companies on the radar
18countries in the ranking
0listed benchmarks
Sources: Company announcements, Bloomberg, Reuters, TechCrunch, Insurance Journal, Coverager, Sifted, Finextra, DealStreetAsia, TechCabal, Inc42, 36Kr and investor announcements. Intention counters will be shown above a threshold of amount and number of Backers.
Rankings by region
Filter the ranking and the Radar. Ranks stay worldwide. Regional pages: Asia · Europe · Latin America & Caribbean · Middle East & North Africa · North America · Oceania · Sub-Saharan Africa.Global ranking · Embedded insurance
Snapshot28 Oct 2026A snapshot taken on 28 Oct 2026
This ranking shows the startups as they stood on 28 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 20 Dec 2026.
Spotted a more recent round? Tell us →First edition: no movements yet.
This ranking shows the startups as they stood on 28 Oct 2026. Funding rounds, valuations and other events announced after that date are not included yet. They will be taken into account in the next edition, scheduled for 20 Dec 2026.
Spotted a more recent round? Tell us →First edition: no movements yet.
World · 33 ranked companies
| # | Company | Last round · Key metrics | AI valuation | Pool of InterestsInterest: a free, non-binding declaration on a company, or on a sector within an area, made during the free phase of a pool. Pool: all the Interests declared on the same target. This column shows the number of Backers and the combined amount of their tickets, to validated members only. Terms for Backers → | BackBacking a startup on Uback (pronounced “you back”) can be done in two ways: Interest · free: a non-binding declaration that signals your demand for a company or a sector. You can move or withdraw it at any time, with up to 5 at once. Intention · coming soon: a paid, confirmed declaration, still non-binding. Once its pool reaches critical mass, it is presented to a company by a partner desk. Neither is an order nor a commitment to invest. Terms for Backers → |
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| 1 | bolttechOperates an insurance exchange that connects insurers with distributors such as telcos, retailers, banks and e-commerce platforms to embed device, travel and other protection products. | Series C · USD 147M · Jun 2025Key metrics not disclosed | Last known equity round: Series C · USD 147M · Jun 2025 (Dragon Fund; Baillie Gifford, Lion River, Sumitomo Corporation, Iberis Capital) Published valuation: USD 2.1bn (Jun 2025)Method |
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| 2 | Cover GeniusRuns XCover, an embedded protection platform that lets online retailers, travel companies, fintechs and marketplaces sell insurance and warranties at checkout and handle claims worldwide. | Series E · USD 80M · May 2024Over USD 3bn cumulative gross written sales; ~50% YoY revenue growth · Jul 2026 | Last known equity round: Series E · USD 80M · May 2024 (Spark Capital; Dawn Capital, G Squared, Sompo Holdings, King River Capital) Published valuation: USD 1.9bn (Jul 2026)Method |
Be the first | Back |
| 3 | ExtendProvides an API platform that lets online merchants offer product protection plans, shipping protection and warranty claims handling to shoppers at checkout and after purchase. | Series C · USD 260M · May 2021Key metrics not disclosed | Last known equity round: Series C · USD 260M · May 2021 (SoftBank Vision Fund, Meritech Capital; PayPal Ventures, Great Hill Partners, GreatPoint Ventures, Lightbank)Method | Be the first | Back |
| 4 | BuckleProvides auto and commercial insurance for gig-economy and rideshare drivers, sold mainly through partnerships with ride-hailing, delivery and fleet platforms, with its own licensed carrier. | Series B · USD 60M · Sep 2021Key metrics not disclosed | Last known equity round: Series B · USD 60M · Sep 2021 (Volery Capital Partners; Eldridge, Assurant Ventures, HSCM Bermuda)Method | Be the first | Back |
| 5 | PasarPolisProvides embedded micro-insurance through partner platforms such as ride-hailing, e-commerce and travel apps in Indonesia, Thailand and Vietnam, with digital policy issuance and claims. | Series B · USD 54M · Sep 2020GWP up 250% in the fiscal year; nearly 1M policies each in Thailand and Vietnam · Aug 2024 | Last known equity round: Series B · USD 54M · Sep 2020 (LeapFrog Investments; Alpha JWC Ventures, Intudo Ventures, Xiaomi, SBI)Method | Be the first | Back |
| 6 | FayeTravel insurance provider selling whole-trip cover through an app with AI-assisted claims and fast payouts, distributed direct and via travel agencies, tour operators, airlines and booking platforms. | Series C · USD 50M · Aug 2026Over USD 100M in sales in 2025 · 2025 | Last known equity round: Series C · USD 50M · Aug 2026 (Madrona Ventures; BRM, Portage, F2 Venture Capital, Viola Ventures)Method | Be the first | Back |
| 7 | BetterflyProvides an employee benefits platform that companies offer to staff, bundling group life and health insurance with wellbeing rewards and donations, across Latin America. | Series C · USD 125M · Feb 2022Key metrics not disclosed | Last known equity round: Series C · USD 125M · Feb 2022 (Glade Brook Capital; QED Investors, DST Global Partners, Lightrock)Method | Be the first | Back |
| 8 | Igloo#34 in SingaporeInsurtech platform embedding insurance products into ecommerce, travel, fintech and telecom partners across Southeast Asia, handling product design, distribution and claims through APIs. | Pre-Series C · USD 36M · Dec 2023Key metrics not disclosed | Last known equity round: Pre-Series C · USD 36M · Dec 2023 (Eurazeo, Openspace, La Maison)Method | Be the first | Back |
| 9 | SureProvides an embedded insurance platform and APIs that let brands, fintechs and marketplaces launch and distribute renters, auto, travel and other insurance programmes to their customers. | Series C · USD 100M · Oct 2021Key metrics not disclosed | Last known equity round: Series C · USD 100M · Oct 2021 (Declaration Partners, Kinnevik; W. R. Berkley, Fintech Collective)Method | Be the first | Back |
| 10 | QoverProvides an embedded insurance orchestration platform that lets fintechs, neobanks and mobility companies such as Revolut and Deliveroo offer insurance to their users across Europe. | Series C · USD 30M · Jul 202315 million people protected; cumulative GWP above USD 173M · Mar 2026 | Last known equity round: Series C · USD 30M · Jul 2023 (Anthemis, Alven, Zurich Global Ventures); Equity and venture debt, split undisclosedMethod | Be the first | Back |
| 11 | InRisk LabsBuilds AI-based parametric insurance and reinsurance products covering climate, catastrophe and specialty risks for India and other Global South markets through its licensed reinsurer EarthRe. | Series A · USD 27M · Aug 2026EarthRe obtained an IFSCA reinsurance licence at GIFT City · Aug 2026 | Last known equity round: Series A · USD 27M · Aug 2026 (Bessemer Venture Partners, Northpoint Capital)Method | Be the first | Back |
| 12 | TintProvides infrastructure that lets technology platforms and marketplaces embed protection programmes, such as damage waivers and guarantees, into their products and run them as revenue lines. | Series A · USD 25M · Feb 2022Key metrics not disclosed | Last known equity round: Series A · USD 25M · Feb 2022 (QED Investors; Bonfire Ventures, Hyperplane)Method | Be the first | Back |
| 13 | ZopperProvides an embedded insurance and warranty platform that lets device makers, retailers, banks, fintechs and automotive companies in India sell protection and insurance products at the point of sale. | Series D · USD 25M · Nov 2024Targets GWP above INR 1,000 crore in FY26 · Mar 2026 | Last known equity round: Series D · USD 25M · Nov 2024 (Dharana Capital; Blume Ventures, ICICI Venture)Method | Be the first | Back |
| 14 | Eir Försäkring#42 in SwedenLicensed digital insurer in Sweden selling cat and dog insurance online, with paperless sign-up, app-based claims and direct settlement with veterinary clinics. | Growth round · USD 23M · Oct 2025Key metrics not disclosed | Last known equity round: Growth round · USD 23M · Oct 2025 (Endeit)Method | Be the first | Back |
| 15 | JettyProvides renters with deposit alternatives, renters insurance and rent-payment products distributed through property managers and landlords in the United States. | Series C · USD 23M · Jan 2022Key metrics not disclosed | Last known equity round: Series C · USD 23M · Jan 2022 (PayPal Ventures, Experian Ventures)Method | Be the first | Back |
| 16 | MulberryOffers a product protection platform that lets retailers sell extended warranties and protection plans at checkout and in store, with automated claims for shoppers. | Series B · USD 22M · Jul 2021Key metrics not disclosed | Last known equity round: Series B · USD 22M · Jul 2021 (Fin VC; Anthemis, Northwestern Mutual Future Ventures, Portage Ventures)Method | Be the first | Back |
| 17 | Pula#8 in KenyaAgricultural insurance company designing area-yield and weather index products distributed to smallholder farmers through governments, input suppliers, lenders and other partner programmes across Africa and Asia. | Series B · USD 20M · Apr 2024Key metrics not disclosed | Last known equity round: Series B · USD 20M · Apr 2024 (BlueOrchard, IFC, Hesabu Capital)Method | Be the first | Back |
| 18 | Boost InsuranceProvides insurance-as-a-service infrastructure that lets fintechs, software companies and marketplaces launch embedded commercial and specialty insurance products using its licensed carrier partners and APIs. | Series B · USD 20M · May 2021Key metrics not disclosed | Last known equity round: Series B · USD 20M · May 2021 (RRE Ventures; Conversion Capital, Coatue)Method | Be the first | Back |
| 19 | WriskProvides a white-label embedded insurance platform that car makers and mobility brands such as BMW, Volvo and Stellantis use to sell branded motor insurance to their customers. | Series B · USD 16.2M · Jul 2025Over 100,000 policies written; triple-digit revenue growth in 2024 · Jul 2025 | Last known equity round: Series B · USD 16.2M · Jul 2025 (Mundi Ventures, Opera Tech Ventures; QBN Capital, Volution)Method | Be the first | Back |
| 20 | BaozhunniuDesigns customised, data-driven insurance products that enterprises and flexible-employment platforms in China embed for their workers and customers, covering work injury and scenario-based risks. | Series B · USD 14M · Aug 2017Key metrics not disclosed | Last known equity round: Series B · USD 14M · Aug 2017 (Marathon Venture Partners; Matrix Partners China)Method | Not open to BackersCompanies based in mainland China are ranked like any other startup, but Uback does not open pools on them: capital controls and offshore (VIE) structures make minority deals impractical for our Backers. You can still declare an interest in this segment → |
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| 21 | CoverdashOperates an embedded business insurance agency that lets payroll, payments and lending platforms offer commercial insurance to startups and small businesses through a single integration. | Series A · USD 13.5M · Mar 2024Over 100 embedded distribution partnerships in first year · Mar 2024 | Last known equity round: Series A · USD 13.5M · Mar 2024 (Nyca Partners; Bling Capital, AXIS Digital Ventures, Tokio Marine Future Fund, Expansion VC)Method | Be the first | Back |
| 22 | battlefaceOffers specialty travel insurance through its own MGA and an embedded platform that travel brands and agencies use to sell coverage at booking. | Series A · USD 12M · Jun 2021Key metrics not disclosed | Last known equity round: Series A · USD 12M · Jun 2021 (Drive Capital; Greenlight Re Innovations)Method | Be the first | Back |
| 23 | SeynaOperates as a licensed insurer that designs and carries white-label insurance products distributed by brokers, MGAs and partner brands across Europe through its digital platform. | Growth · USD 11.7M · Sep 2025Revenue of EUR 91M in 2024; nearly 2 million insured people · 2024 | Last known equity round: Growth · USD 11.7M · Sep 2025 (115K; White Star Capital, Elaia)Method | Be the first | Back |
| 24 | hepsterProvides an embedded insurance platform that lets mobility, e-bike, e-commerce and circular-economy businesses integrate insurance into their sales process in Germany, Austria and France. | Series B · USD 11M · Jul 2023Key metrics not disclosed | Last known equity round: Series B · USD 11M · Jul 2023 (Element Ventures, Seventure Partners; MBMV); Equity and debt, split undisclosedMethod | Be the first | Back |
| 25 | Turaco#13 in KenyaInsurtech distributing affordable health and life microinsurance to low-income customers in Africa through partners such as lenders, mobility platforms and employers, with fast mobile claims. | Series A · USD 10M · Sep 2022Key metrics not disclosed | Last known equity round: Series A · USD 10M · Sep 2022 (AfricInvest, Novastar Ventures, Enza Capital, Global Partnerships)Method | Be the first | Back |
| 26 | MulberriProvides an AI-driven embedded business insurance platform that payroll, HR, benefits and PEO providers use to offer commercial and cyber coverage to their small-business clients. | Series A · USD 6.8M · Dec 2023Ecosystem of 250+ PEOs, payroll providers and brokers covering ~100,000 SMEs · Dec 2023 | Last known equity round: Series A · USD 6.8M · Dec 2023 (Eos Venture Partners; Hanover Technology Management, MS&AD Ventures, Altamont Capital Partners)Method | Be the first | Back |
| 27 | 180 SegurosProvides an insurance platform and APIs that let banks, fintechs and retailers in Brazil design, sell and run their own branded insurance products, backed by its own licensed insurer. | Pre-Series B · USD 6.4M · Sep 2025Key metrics not disclosed | Last known equity round: Pre-Series B · USD 6.4M · Sep 2025 (8VC, Monashees, Canary, FJ Labs)Method | Be the first | Back |
| 28 | RiskcovryInsurance infrastructure platform that lets banks, lenders, payment networks and fintechs in India embed and sell policies from multiple insurers to their customers through APIs. | Bridge (pre-Series B) · USD 4.5M · Jan 2024Key metrics not disclosed | Last known equity round: Bridge (pre-Series B) · USD 4.5M · Jan 2024 (Morphosis Venture Capital; IIFL)Method | Be the first | Back |
| 29 | LamiOffers an insurance API platform that lets businesses such as logistics, banking and e-commerce companies in Africa embed policies from multiple underwriters into their products. | Seed extension · USD 3.7M · Aug 2022Key metrics not disclosed | Last known equity round: Seed extension · USD 3.7M · Aug 2022 (Harlem Capital; Newtown Partners)Method | Be the first | Back |
| 30 | KoalaDesigns modular travel insurance with automated, proof-free claims that travel agencies, tour operators and booking platforms embed in their customer journey across Europe. | Seed · USD 2.2M · Mar 2023Over 30 distribution partnerships signed · Mar 2023 | Last known equity round: Seed · USD 2.2M · Mar 2023 (Insurtech Gateway; Uneti Ventures, Slimmer AI, Sterling Oak)Method | Be the first | Back |
| 31 | KaynaProvides an embedded insurance platform that lets vertical software companies offer commercial insurance such as cyber, equine and security cover to their small-business customers in the UK and US. | Seed · USD 1.7M · Mar 2026Key metrics not disclosed | Last known equity round: Seed · USD 1.7M · Mar 2026 (Delta Partners; MiddleGame Ventures, Aperture, Leo Capital, Enterprise Ireland)Method | Be the first | Back |
| 32 | RootProvides an embedded insurance infrastructure platform with APIs that lets insurers and brands design, launch and administer digital insurance products sold through partner channels. | Seed extension · USD 1.5M · Sep 2023Key metrics not disclosed | Last known equity round: Seed extension · USD 1.5M · Sep 2023 (Invenfin)Method | Be the first | Back |
| 33 | MyCover.aiOffers an embedded insurance API and marketplace that lets African fintechs, banks and merchants sell health, device, travel and motor insurance from multiple insurers inside their apps. | Pre-seed · USD 1.2M · Jul 2023Key metrics not disclosed | Last known equity round: Pre-seed · USD 1.2M · Jul 2023Method | Be the first | Back |
Back · Backing on Uback (pronounced “you back”) means declaring an Interest (free) or an Intention (coming soon). Backing does not mean that this company is raising funds or that a shareholder is selling shares, and it is not a commitment to invest. Any deal, through a funding round or a sale by an existing shareholder, is handled by a partner desk: the Fundraising Desk of the country for a round, the Secondary Sales Desk assigned to the company for a sale. · Terms
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No ranked company in this region yet: see the Radar.
Ranking in descending order of AI-estimated valuation, based on public information, with no human intervention on the order. The valuations, ranges and brackets shown are editorial estimates produced by AI, purely indicative and imperfect by nature: neither a financial valuation, nor an offer, nor investment advice. Only the market sets a company’s value, through a funding round or a sale. Ranking established by Claude (Anthropic) from public information, following the published rules. A consensus of several AIs will apply from 1 December 2026. Eligibility: at least $1M raised in equity, non-listed company, main activity in this segment (embedded insurance). Country shown is the country of main operations. Request a correction · Full method →
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Challengers
A registered company raising funds that is not in the ranking will be able, for a fee, to appear in a separate list labelled “Challengers”, for a set period, with a memo available to verified Backers. The listing has no effect on the ranking. Not open yet.
Sponsored space · no Challenger listed yet
Radar · known eligible companies, not ranked
Sorted by date of last round, with no judgement and no AI call.
- Democrance · United Arab Emirates · Middle East & North AfricaJul 2021Back
No company on the radar in this region yet.
Listed benchmarks
Not ranked: no intention is possible on a listed company.
Sources and method for this segment
Calendar. Global segment rankings are published twice a year. Next edition: December 20, 2026.
Eligibility. At least $1M raised in equity, non-listed company, main activity in this segment (embedded insurance). A company appears in one segment only.
Sources. Company announcements, Bloomberg, Reuters, TechCrunch, Insurance Journal, Coverager, Sifted, Finextra, DealStreetAsia, TechCabal, Inc42, 36Kr and investor announcements.