CB Insights – State of Insurtech Global, 2025 recap

This report provides global data and analysis on dealmaking, funding, and exits by private market insurtech companies in 2025.

Insurtech funding reached $5.3 billion, marking a 10% year-over-year increase driven by a 28% rise in Property & Casualty funding and nearly doubling the number of $100M+ mega-round deals. The average deal size increased by 13%, while the number of investors making 4+ insurtech investments decreased. Top active investors included General Catalyst, American Family Ventures, and Clocktower Technology Ventures. Investors favored later-stage, commercially proven companies, with incumbent carriers and MGAs forming multiple partnerships. Alan and Coalition have the highest IPO probabilities over the next two years among insurtech companies.