Author: Corey Wick
Plymouth Rock’s Bill Martin argues legacy carriers are the real InsurTech innovators—with structural advantages startups can’t replicate. The disruption narrative may have it backwards.
Global InsurTech funding rebounded 19.5% in 2025, but the real story is who wrote the checks: re/insurers hit a record 162 deals, signaling a structural shift in how the industry finances innovation.
Insurance digital ad spend surges past $17 billion, but only 7% of insurers have scaled AI beyond pilots — a gap that defines the sector’s next competitive shakeout.
AI-powered platforms and backend infrastructure dominated InsurTech funding in February 2026, signaling a market that increasingly rewards operational depth over consumer flash.
UK-based mea Platform took $50M from SEP after four profitable years — a rare InsurTech path that challenges the industry’s grow-first orthodoxy.
February’s $1B+ InsurTech headline masks a deeper story: venture-backed deals concentrated heavily in AI-powered platforms, reinforcing a funding thesis that increasingly rewards automation infrastructure over distribution plays.
Flood risk models built on historical data are failing. With insured natural catastrophe losses exceeding $137 billion in 2024—the fifth consecutive year above $100 billion—and floods accounting for roughly $13 billion of that total in Europe alone, the industry’s reliance on backward-looking models is becoming an expensive liability. Enter AI-enhanced catastrophe modelling. In a panel discussion hosted by InsTech in October, Professor Paul Bates—Chairman and Co-Founder of Fathom, the Bristol-based flood intelligence firm acquired by Swiss Re in December 2023—outlined both the promise and the boundaries of applying machine learning to one of insurance’s most complex perils. The Core Shift:…
Clearcover, the Chicago-based AI-native auto insurer that has raised more than $560 million to date, is no longer content to keep its AI infrastructure in-house. The company’s founder, Kyle Nakatsuji, has launched Dearborn Labs—a forward-deployed AI practice designed to build and operate production AI systems inside property and casualty carriers and MGAs. The venture, reported by FinTech Global on March 13, represents a deliberate pivot from software licensing to operational embedding: Dearborn Labs places its teams alongside a carrier’s underwriting, claims, and distribution staff, with a commitment to shipping production systems within weeks. The model has a strong proof-of-concept behind…
Navy SEALs of InsureTech: Leaders Paving the Way for 2025 In the world of insurance, much like in combat, adaptability, precision, and leadership can make or break a company’s success. As we look toward 2025, a new breed of InsureTech leaders is emerging—the “Navy SEALs” of the insurance sector. These trailblazers, disruptors, and innovators are reshaping the industry landscape with a relentless focus on technology, customer experience, and operational efficiency. Let’s explore how these InsureTech visionaries are leading the charge and setting new standards for the future. 1. Lemonade: The Tactical Innovators CEO: Daniel Schreiber Lemonade operates like a special…
Peak3, formerly known as ZA Tech, has reached a major milestone in its journey,