The UK insurtech sector spans digital insurers, underwriting and pricing software, claims automation, and the data businesses supporting the insurance market.
Using Beauhurst data, we’ve ranked 100 UK-headquartered insurtech companies by the total equity funding they have raised. The companies in our wider analysis have secured £3.01b across 550 equity rounds.
This isn’t a ranking of the UK’s largest insurers by revenue or premiums written. Instead, it shows which UK insurtech companies have attracted the most equity investment.
The UK insurtech sector
Insurtech — short for insurance technology — covers companies using technology to sell, underwrite, price, or administer insurance.
Some are insurers in their own right. Others build software and provide data to the brokers, underwriters, and carriers already operating in the market.
The companies in our analysis broadly fall into three areas:
- Digital insurers and MGAs: Companies selling insurance directly, often for a particular customer group or type of risk.
- Underwriting, pricing and risk: Software and data that help insurers and brokers assess and price risk.
- Claims and payments: Technology used to automate claims handling, settlement, and payments.
There is plenty of overlap between these groups. Insurance applies to 98 of the 104 companies in our wider cohort on the Beauhurst platform, while 94 are also classified as application software businesses. Data provision and analysis applies to 38.
The sector has grown quickly over the past decade. There are 104 companies in the wider cohort today, compared with 27 at the end of 2015 — an increase of 285%.
But fewer new businesses are now entering the market. Twelve companies in the cohort were founded in 2017, compared with two in 2025 and one so far in 2026.
The sector is also maturing. Of the 100 companies in the ranking, 43 are at venture stage and 38 at growth stage. Four are at seed stage, seven are established, five have exited, two are recorded as dead, and one as a zombie.
Insurtech funding in the UK
The companies in our analysis have raised £3.01b across 550 equity rounds.
Ki Insurance leads the ranking with £385m in equity funding. It is followed by Zego (£235m), Marshmallow (£157m), Tractable (£133m), and Vitesse (£113m).
Funding is relatively spread out compared with some of the other sectors in our Top 100 series. Ki Insurance accounts for 13% of the total, while the top five companies account for 34% and the top 10 for 48%.
The company in 100th place has raised £2.97m. The median company has raised £10.3m, with 50 of the top 100 raising less than £10m and 13 raising more than £50m.
Who is investing in UK insurtech companies?
Insurtech Gateway is the most active investor in the cohort, having participated in 24 rounds. The specialist insurtech incubator also appears in the ranking itself.
Republic Europe, formerly Seedrs, follows with 19 rounds. Octopus Ventures has participated in 16, Anthemis in 15, and LocalGlobe in 13.
By value, the largest figures belong to Fairfax Financial and Blackstone Tactical Opportunities, both at £385m. That reflects their joint participation in Ki Insurance rather than two separate £385m investments.
Where are the UK’s insurtech companies?
London dominates the UK insurtech sector. It accounts for 77 of the top 100 companies in our ranking.
The South East follows with six companies, while the East of England and South West have three each. The remaining businesses are spread across seven other regions, including two each in Wales, the North West, the North East, and the East Midlands.
That concentration makes sense given the sector’s customer base. Many insurtech businesses sell to insurers, brokers, and underwriters based in and around the City of London and the Lloyd’s market.
