Record InsurTech Investments Driven by AI Innovation in 2026

In January 2026, the global InsurTech sector attracted investments surpassing $420 million, with a strong emphasis on AI-driven platforms. Two U.S.-based insurance companies led this significant investment surge, each securing over $100 million, reinforcing the United States' pivotal role in the InsurTech investment landscape. U.S. InsurTech Leaders Drive Funding Surge Corgi, an AI-based insurance provider catering to startups, successfully raised $108 million following regulatory approval. These funds are slated to expand coverage offerings, improve distribution channels, and enhance AI capabilities in underwriting, claims, and policy management. Similarly, Nirvana Insurance expanded its Series D funding round by an additional $100 million, reaching a valuation of $1.5 billion. This capital will support the development of its AI-powered insurance operating system and the expansion of telematics-based products. Global Funding Trends and Market Shifts The robust January investments signal a global resurgence in InsurTech funding. According to InsurTech Analyst, the last quarter of 2025 saw a year-on-year doubling in global funding, driven by larger deal sizes and renewed investor interest in insurance infrastructure and underwriting technology. Moreover, several mid-sized funding rounds demonstrated continued interest in automation and risk management innovations. WithCoverage attracted $42 million to challenge traditional insurance brokerage models, while Sixfold secured $30 million to advance its AI underwriting technology. Regional Focus and Emerging Markets European InsurTech funding showed restraint, with a 40% decline in 2025 investments. However, January's focus shifted towards operational efficiency and cyber resilience. France-based Stoïk raised $20 million to expand its European presence in cyber insurance, and Germany's Recare obtained $37 million to enhance its AI-driven healthcare workflow platform. In Asia, specific insurance infrastructure projects also garnered attention. Singapore's Igloo received a $5 million strategic investment from Tokio Marine, and Mantas raised $1.77 million to develop parametric insurance for cloud service downtime. Summary of Notable InsurTech Funding Rounds This month's predominant activity belongs to commercial and property and casualty insurance, reflecting a high demand for AI-enhanced underwriting and claims technologies. Infrastructure and backend platforms maintained prominence, with consumer-centric InsurTech seeing less activity. The United States led with eight of the 13 recorded deals, followed by Europe, and other regions including Singapore, the UK, and the UAE participated with notable deals. Below is a summary of the month’s significant InsurTech funding rounds: Corgi raised $108 million for AI underwriting expansion. Nirvana Insurance increased its Series D round by $100 million, enhancing its AI platform. WithCoverage secured $42 million to innovate insurance brokerage models. Recare collected €37 million to advance its healthcare AI platform. Sixfold locked in $30 million to enhance AI underwriting support. Armilla AI raised $25 million to expand AI liability policies. Fulcrum garnered $25 million to automate insurance back-office tasks. Stoïk amassed €20 million to enlarge its cyber insurance footprint in Europe. XBuild obtained $19 million for AI-based estimating in the insurance realm. Pace secured $10 million to implement AI in insurance processes. Igloo received a $5 million investment from Tokio Marine to support Southeast Asian market growth. Mantas raised $1.77 million for covering cloud service interruptions. These funding activities underscore the persistent appetite for innovation across the insurance sector, focusing on enhancing AI capabilities, improving operational workflows, and exploring new market opportunities.