Top 33 Startups developing AI for Insurance

Updated: Feb 15, 2026
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These startups use AI and ML to evaluate personal risks and select the most appropriate insurance plan for each customer, make the claims settlement more fast and decrease the fraud.
1
Lemonade
Country: USA | Funding: $631.5M
Lemonade offers homeowners and renters insurance powered by artificial intelligence and behavioral economics.
2
Shift Technology
Country: France | Funding: $540M
Shift Technology is developing an AI platform for insurance using generative, agent-based and predictive models. AI-based functions include risk underwriting (policy fraud detection and premium leakage prevention), fraud detection, case investigation management with greater accuracy, speed and efficiency, as well as support for AML, KYC and risk and compliance management. Agent-based AI enables faster claim processing, accurate liability assessment, prevention of missed reimbursement opportunities and ensures payment accuracy in healthcare.
3
ZestFinance
Country: USA | Funding: $357.7M
ZestFinance allows to increase approval rates, cut credit losses, and improve underwriting using machine learning underwriting platform. ZestFinance’s credit-decisioning platform helps lenders predict credit risk so they can increase revenues, reduce risk & ensure compliance.
4
Nirvana
Country: USA | Funding: $262.2M
Nirvana is an AI-powered insurance platform that uses big data of truck mileage to provide optimal insurance policies for truck companies and drivers. The company's platform covers both fleet (groups of more than 10 trucks) and non-fleet (1-9 trucks). It charges on a pay-as-you-go basis, with pricing based on safety data captured through vehicle telematics and data recorded by the Federal Motor Carrier Safety Administration, the trucking industry's regulatory agency. In addition to its underwriting technology, which Nirvana claims enables it to generate quotes 15 times faster than traditional insurers, the company has also developed AI tools that are expected to automate and expedite claims processing.
5
Jerry
Country: USA | Funding: $242M
Jerry is an AI, ML and bot-powered car ownership super app that puts solutions at your fingertips and savings in your wallet.
6
Arceo.ai
Country: USA | Funding: $217M
Arceo’s mission is to secure enterprises from cyber threats by blending security expertise, credible risk assessments, and risk transfer.
7
Afiniti
Country: USA | Funding: $200M
Afiniti enables the real-time, optimized pairing of individual contact center agents with individual customers in large enterprises. It provides its services to a range of sectors, including airlines, financial services, hospitality, insurance, politics, retail, satellite TV, social media, telecommunications, and utilities.
8
Tractable
Country: UK | Funding: $184.9M
Tractable builds deep learning tools for visual inspection that can perform faster, cheaper and more accurately than humans. Their technology automates an expert’s task at near zero marginal cost. Their focus is on computer vision and insurance claims.
9
Akur8
Country: France | Funding: €166.6M
AKUR8 is a SaaS Insurtech specialized in Insurance pricing optimization with Transparent AI.
10
Gradient AI
Country: USA | Funding: $123.2M
Gradient AI provides underwriting and claims management solutions for group health, property, casualty, and workers' compensation insurers.
11
Fairmatic
Country: USA | Funding: $88M
Fairmatic specializes in smartphone-powered driving safety analytics and calculates performance-based commercial auto insurance prices. Fairmatic applies AI to commercial auto insurance. Its app detects a crash automatically.
12
Federato
Country: USA | Funding: $80M
Federato fixes insurance risk analysis with AI. It provides a RiskOps platform that streamlines underwriting processes for insurance carriers, MGAs and MGUs.
13
Cape Analytics
Country: USA | Funding: $75M
Cape Analytics leverages machine learning and geospatial imagery to identify property attributes at scale allowing insurance companies to provide more accurate quotes.
14
Liberate
Country: USA | Funding: $72M
Liberate Innovations is a software-as-a-service (SaaS) platform for the P&C insurance industry.
15
Planck
Country: Israel | Funding: $71M
Planck Re is an AI-based insurance data platform, built to enable insurers to instantly and accurately underwrite any business.
16
omnius
Country: Germany | Funding: $58.4M
omni:us creates an agent automation platform for insurance claims solutions. The company claims that agents can process common, low- and medium-complexity insurance claims from initial notification to settlement - faster than human experts, with over 98% accuracy and full compliance. Every agent step is logged for compliance and audit readiness. omni:us develops AI models designed specifically for insurance companies: trained on millions annotated insurance claims and refined through thousands of iterations. They process structured and unstructured text, images, and handwritten text in a single stream. The platform includes connectors for major property and casualty insurance systems.
17
Pypestream
Country: USA | Funding: $46.5M
Pypestream’s Customer Engagement Solution enables businesses to connect with customers using the power of smart messaging, driving satisfaction and loyalty. The patented, secure and compliant platform combines pragmatic AI and chatbots to enable transactions over messaging.
18
Intelligo
Country: Israel | Funding: $44.1M
Intelligo uses AI and machine learning to speed up and automate background checks. Its solution, Clarity, uses AI, machine learning, and text analytics to capture and analyze structured and unstructured data points from thousands of sources.
19
Hi Marley
Country: USA | Funding: $41.7M
Hi Marley is a developer of an artificially intelligent-based SMS texting platform designed to bridge the conversation.
20
Windward
Country: Israel | Funding: $32.3M
Windward is the leading Maritime AI company, enabling organizations to achieve business and operational readiness. Windward's AI-powered solution allows stakeholders including banks, commodity traders, insurers, and major energy and shipping companies to make real time, predictive intelligence-driven decisions, providing a 360° view of the maritime ecosystem and its broader impact on safety, security, finance, and business.
21
Sensely
Country: USA | Funding: $26.8M
Direct your patients to the healthcare resource they need, when they need it. Sensely intelligently connects your patients with clinical advice and services, enhancing access without compromising empathy.
22
Synthesized
Country: UK | Funding: $22.8M
Synthesized tries to reduce friction on preparing all the data that’s needed, to enable insurers to share data safely, complying with regulations. Synthesized's software uses AI to learn the structure of original data and simulate practically useful new data points, thus unleashing data's full potential whilst protecting people's privacy.
23
Sprout.ai
Country: UK | Funding: $21.3M
AI powered Claims Automation & Fraud Filtering for Insurance
24
Lydia AI
Country: Canada | Funding: $13.8M
Lydia AI is an artificial intelligence platform for heath insurers.
25
Ominimo
Country: Hungary | Funding: €10M
Ominimo is a digital insurance provider supported by some of the world's leading insurance companies
26
Danti
Country: USA | Funding: $7.8M
Search engine for all of Earth's data for Defense, Property & Insurtech, Infrastructure organizations
27
Lingxi
Country: China | Funding: $6.2M
Lingxi applies machine intelligence to financial services such as debt collection and insurance sales
28
Amodo
Country: Croatia | Funding: $3.8M
SaaS Platform for Insurance companies looking to develop new Digital Portfolio of Products and Services.
29
Reply.ai
Country: USA | Funding: $3.7M
Reply.ai  is an enterprise platform does more than provide an enterprise solution to chatbot creation and management. It uses AI to help bots learn from conversations over time while also providing them with the “smarts” to let customer service know a more personal, “human” touch is needed. Acquired by Kustomer
30
Artivatic.ai
Country: India | Funding: $2.7M
Artivatic Data Labs is an end-to-end AI infrastructure platform that is built on deep-tech, ML technologies with in-depth analogy of genomic science, psychology and neuroscience. It helps large enterprises, startups and developers to build and integrate intelligent products and solutions without any developmental efforts.
31
Basys.ai
Country: USA | Funding: $2.4M
Basys.ai automates the process of prior authorization and utilization management for health plans/payers using an AI-based platform.
32
Minalea
Country: France | Funding: $100K
Minalea created the first Smart Sales Assistant for insurance vendors.
33
Fast Data Science
Country: UK
Data science consultancy specialising in Natural Language Processing for Healthcare, Pharma, Legal, Insurance
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Siddhant Patel
Editor: Siddhant Patel
Siddhant Patel is a senior editor for AI-Startups. He is based out of India and has previously worked at publications including Huffington Post and The Next Web. Siddhant has a special interest in artificial intelligence and has spent a decade covering the rapidly-evolving business and technology of the industry. Siddhant graduated from the Indian Institute of Science (Bengaluru). When he’s not writing, Siddhant is also a developer and has a deep historical knowledge of the computer industry for the past 50 years. You can contact Siddhant at sidpatel(at)ai-startups(dot)pro