The InsurTech Matrix
The best-known InsurTechs on the market, categorised according to features and functionality.
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cxpartnersFSCompany Name
Company Name
What They Say
2020 Updates
Insurance Type
US Ps
Observations
New To The 2020 Matrix
Renters + Home
Lemonade reverses the traditional insurance model. We treat the premiums you pay as if it's your money, not ours. With Lemonade, everything becomes simple and transparent. We take a flat fee, pay claims super fast, and give back what’s left to causes you care about.
$480M funding - Softbank backed. 2020 best IPO debut
Health (Business, Brokers, Personal)
Oscar Health Insurance is a technology-focused health insurance. Concierge. Dr on call. Just partnered with AXA
Price Comparison Website (PCW) All
Your personal insurance agent. Wondering if you're missing insurance cover? Brolly analyses your lifestyle and shows you which insurance you're missing. Uses AI to find insurance gaps, overpayment etc. Adviser. Insurance Wallet. Shop.
Wed Jul 01 2020
All
P2P insurance connects groups of customers and facilitates a yearly cashback when they and their connections remain claims-free. Only Bike Insurance in Australia
Home + Contents
Buy insurance in 4 minutes. Answer fewer and simpler questions. If you need to increase your cover and add some jewellery, a computer or a new watch to your policy, you can do this with the knowledge we will not charge administration fees. And if you need to claim we will be there for you 24/7 to make it as painless and quick as possible.
Car
Get instant by the hour car insurance (e.g. on a family members car)
Cuvva has expanded to offer personal car, learners, van, taxi, and travel insurance
Device + Data Recovery
Not an insurer, its a recovery service. Next day replacement of devices or loan of temporary device - "help first and ask questions later, instead of trying to wriggle out of claims" Owned by Let Insurance Services Ltd. independent broker.
haven't raised much. No website
PCW - Life
Assess how much cover you need, and scan all major insurance companies to find the right policy for you. Invested by Kamet Venutes - Axa Incubator
Car
Pay-per-mile insurance costs less because it’s based on how many miles you drive. If you spend less time behind the wheel, you spend less money on insurance.
$300M - last fund April 2020. Aquired Mosaic Insurance Alliance. 2016
Devices
Mobile First. On-demand insurance. Protect just what you care about, whenever you like, with a few taps from your phone
Homeshare, Carshare
Slice is a digital insurance company designed for you. Instant protection, offered in affordable, bite-size chunks, when you need it. On-demand. No hidden costs. Fast. Affordable. Fair. And made especially for you. Coverage when you need it. Not when you don’t. In minutes. And Slice Insurance Cloud Services API
Life
As life unfolds, your life insurance needs may evolve. With Ladder, you can always decrease your coverage with a couple of clicks. No fees, no hassle. Can always decrease coverage with a couple of clicks. No fees, no hassle.
PCW - Home + Contents
Insurance companies that partner with BuzzVault can provide 'on demand' cover for a single items. Bespoke or comprehensive insurance options are available to suit based upon the data submitted. Prices provided on real-time basis so that coverage goes up or down with the value of the asset. Dynamic 'on demand'. Manage claims on mobile or online.
Closed
Home
The new way to actively protect your home. Neos combines smart technology and 24/7 assistance with comprehensive home insurance. Investment by Aviva + Munich Re
IoT - white label, extended to other insurers
Life
Fabric makes life insurance easy as pie. When you're 25-44, accidental death is your single greatest risk. Get started with accidental death insurance in under 2 minutes with Fabric Instant. Easily upgrade any time to Fabric Premium, a 20-year term life insurance policy. Established insurance company looking for new segments and updated UX
Life
Give an immediate decision on cover based on a short online questionnaire. Haven Life is backed and wholly owned by MassMutual
Pet and Pre-existing condition travel
Use data to find gaps in the market and negotiate offers or create own products to give consumers a better deal. Currently offering pet insurance for cat and dog owners, and travel insurance for people with medical conditions. Investors: Munich Re + Octopus Ventures
Munich Re invested to expand niche - focus on pet
PCW - Business
Our industry-leading technology searches dozens of top U.S. insurance companies at once to find the right insurance policy to fit your unique business needs. The best part is we do not increase the prices we find or charge any fees to you. Our carriers pay us a commission. US Fintech Investor - Oak HC/FT
Acquired Insurance Noodle to expedite online offering
The matrix is a big table – no two ways about it.
It should work OK if you rotate your device into landscape, but you'll find it easier to read on a larger screen.