Future50 Europe

The 50 rising insurtechs revealed

A risk hazard platform with a social mission. London-based Global Parametrics has developed a risk hazard platform, which consolidates data sets that power climate risk modelling and enable new, highly-flexible risk transfer products to be structured and scaled globally.

A digital identification company already widely used in Germany. Nect is a patented remote identity verification and biometrics company.

A satellite data company helping to protect crops worldwide. Vandersat provides global satellite-observed data, products, and services, focusing particularly on water and crops.

A real-time climate monitoring company underwriting risks across more than 60 countries. Descartes specialises in climate risk modeling and data-driven risk transfer.

A neutral, regulated digital risk transfer and trading marketplace working with leading brokers, underwriters and capital providers. AkinovA is an independent electronic marketplace for the transfer and trading of insurance risk.

A group life insurer that has seen 10x growth in the past year alone. YuLife has developed an app-based group life insurance product, which rewards people for looking after their wellbeing. In addition to their cover, customers have access to a range of services, including on-demand access to mental health support and virtual GP services.

A benefits provider for more than 200,000 independent workers across Europe. Collective Benefits is an award-winning insurance and benefits platform for independent workers and is on a mission to finally provide a much-needed safety net for this rapidly growing workforce.

A solution helping users recognise gaps in their personal finances and protection. vlot was founded with the mission to enable families and individuals to make financially responsible decisions.

An embedded insurance solution provider which achieved a five-fold revenue increase in 2020. Penni.io enables insurance providers to sell any insurance product online through any distribution partner.

A computer vision-powered vehicle assessor, completing over 2m inspections across both Europe and the US. Ravin uses a combination of deep learning and computer vision to detect a vehicle’s condition and assess damage.

A digital insurance product provider seeing MoM growth rates of 38%. Leocare designs, distributes and manages insurance products for auto, motorcycle, property and smartphones, with cover available in just four minutes.

An insurance provider aiming to be a global leader for small businesses insurance. Disrupting the bundled, one-size-fits-all business insurance model, Superscript is meeting the fast-changing needs of SMEs by providing customised, flexible cover – delivered via a monthly subscription in under 10 minutes.

A provider of embedded and usage based insurance products for the Sharing Economy. Pikl’s initial focus has been the Home Sharing market, where it has a wide range of products designed to meet the specific needs of different segments within this market, from Airbnb in your own home to professional Airbnb property managers or sharing platforms.

A medical insurtech supporting migrants and scaling globally. asistensi is a platform for emergency medical insurance and immediate medical assistance.

An open source catastrophe modelling program, helping insurers worldwide. Oasis LMF is a not-for-profit company dedicated to improving catastrophe loss modelling. It is an open source platform, free to use by anyone and built for (re)insurers and brokers worldwide to better understand risk in insurance.

A cyber-focused underwriting company with AI-powered modeling. Envelop Risk are cyber underwriting specialists, leveraging AI-driven cyber risk modelling to provide swift pricing, economic and cyber analytics and underwriting to (re)insurers.

Fastest growing insurtech in the future of work space. Indeez is already launching collaboration with Deliveroo and Brigad in key European countries besides an EU first Covid protection product for independent workers.

A software provider for customer-facing insurance businesses, enhancing communication and speeding up processes. HUG HUB develops insurance business software for insurers, brokers, intermediaries, affiliates and new distributors, aiming to enhance customer interaction.

A claims specialist providing video streaming and drone specialists across the UK. Qlaims specialises in claims solutions, aiming to make the claims process quicker for policyholders, brokers and insurers.

UK Property data specialists providing a vast range of insurance data for virtually every residential property. WhenFresh is the UK’s fastest growing property Data-as-a-Service (DaaS) company, combining over 200 proprietary, private and public UK data-sets with advanced analytics.

A blockchain-based short-term insurance provider. Founded in 2018, Italy-based startup Poleecy is a mobile-only blockchain-based company providing a range of short-term coverage, including car, home, travel, pet and sport insurance.

An open insurance specialist, providing services for over 100,000 end-users. Founded in 2017, Sweden’s Insurely is on a mission to make insurance more transparent by leveraging data and to digitise the industry.

A SaaS solution that helps companies reduce cargo damage claims. CargoSnap is a logistics proof-of-condition SaaS solution. Its mobile, cloud-based platform enables real-time image and document scanning, storing, and reporting to help speed up processes and reduce risk in cargo delivery.

A claims automation outfit working with some of the top global insurance companies. Sprout AI is based in the UK and launched in 2018. The startup delivers both claims automation and fraud filtering.

A SaaS solution aiming to replace the excel spreadsheet in insurance pricing. Founded in 2017 in the UK, hyperexponential is an early-stage tech startup designing a structured decision making and data collection tool.

A platform connecting insurers and brokers with 280,000 commercial insurance policies. Founded in 2018, Broker Insights has a vision to transform the relationship between commercial insurers and brokers by unlocking commercial insurance market data.

A ‘Claims-as-a-Service’ platform focused on open innovation. Founded in 2018, Claim Technology states that they are the only no-code/low-code platform enabling insurers, MGAs, and their supply chain to move from a B2C to a C2B (consumer to business) claims model.

A digital insurance company with products from as little as €2 a month. Founded in 2020, Acheel is a digital insurance startup that offers personalised home, pet and health insurance, with prices starting from €2.17 a month.

A digital ‘health MOT’ providing personal services based on a DIY at-home test. LiveSmart is a British startup founded in 2014 with the mission to help businesses and individuals become healthier.

A platform helping to create UBI products in 30 different countries. Founded in 2013 in Croatia, Amodo offers a platform which enables insurance carriers and brokers to create usage-based products built on telematic technology.

An InsurTech as a Service platform with over 35 different insurance partners. Founded in 2015 in the UK, KASKO provides insurers with an end-to-end modular platform, bringing their new and existing products to the digital marketplace in a rapid and cost effective way.

A mobile app helping more than 1.4 million end-users manage their mental health. Founded in 2012 in the UK, Thrive Therapeutic Software is a NHS-approved app designed to prevent, screen and manage mental health conditions for employees.

A provider of embedded insurance solutions, developing products in just 8 weeks. Founded in 2017 in Austria, bsurance GmbH is focused on B2B2C business models in the insurance space.

A health protection provider helping more than 5 million underserved people. CarePay is a Dutch startup launched in 2015 with the mission to make healthcare services and financing more accessible.

A geospatial company helping to track assets and disease outbreaks. Founded in 2017 in the UK, Geollect is working at the leading edge of a global, geospatial intelligence and outsourced professional intelligence revolution.

A parametric insurtech protecting against floods. The UK’s FloodFlash has developed a smart sensor which can detect when waters have exceeded a critical depth and trigger a pre-agreed settlement to compensate landlords and businesses.

An on-demand insurance provider for freelancers which has reported yearly growth of 200%. Founded in 2016 in the UK, Tapoly provides on-demand insurance for gig economy workers and technology for insurers, reinsurers, MGAs and brokers.

A patented blockchain-based startup helping to automate claims fraud detection. Luther Systems was launched in 2016 in the UK. It has developed a platform that helps enterprises streamline and automate their processes.

A blockchain platform helping to manage end-to-end operations and automate data sourcing. Inari is a cloud-based blockchain platform which digitises and streamlines the end-to-end life cycle for (re)insurers, Lloyd’s managing agents, syndicates and coverholders’ operations, from the origination of risk to the portfolio and risk management functions.

A digital insurer offering B2B2C products through APIs. Founded in 2016 in Berlin, Coya is a B2B2C digital insurer which offers monthly contents, private liability, dog liability, pet health, bike and e-bike insurance, both directly to customers and through APIs with its partners.

A dynamic insurance pricing product, built on real-time risk models. Founded in 2017, Humn.ai is on a mission to solve dynamic insurance pricing for Autonomous Vehicles while delivering shippable intermediate products.

A connected motor insurance startup with a track record Ticker is a connected motor insurtech making insurance easy with its use of data and technology, particularly for drivers who face higher costs.

A video telematics specialist tackling some of the most complex challenges faced by the fleet, road transport and insurance sectors. Founded in 2016 in the UK, VisionTrack has rapidly grown to become one of Europe’s leading providers of cloud-based video telematics.

An embedded insurance company which sold an average of 500 policies a day during the pandemic. Founded in 2016 in Germany, Hepster enables businesses to build insurance policies which are matched to the needs of their own customers or industry.

A global trading platform for reinsurance, achieving significant traction since launch. Founded in 2019 in the UK, Supercede offers a Lloyd’s-recognised, data-centric, global trading platform designed specifically for the reinsurance community of cedents, brokers and reinsurers.

A small business-focused insurance broker leveraging new technologies. Founded in 2018 in Italy, Lokky is a digital insurance broker focusing on freelancers and small businesses.

A telemedicine solution provider with big expansion plans. Founded in 2015 in Spain, Docline offers telemedicine solutions to healthcare professionals, hospitals, insurers, pharmaceutical companies and corporations.

A blockchain (re)insurance processing platform reducing back-office costs by up to 90%. Blocksure was founded in 2016 with the mission to create insurance technology that puts customers at the heart of the process and connects everyone across the supply chain in real-time.

A UBI SaaS solutions provider from the team that brought us By Miles. By Bits was launched in 2021 by By Miles co-founder Callum Rimmer. By Bits offers SaaS solutions to insurers looking to meet the demand for UBI.

A price comparison helping save users over €170 per year. Pricefox is a price comparison platform, based in Greece. It helps users compare and purchase car insurance in two minutes – they just fill in their vehicle registration number and a few basic details.