Top 10 European InsurTech Companies 2026

Alan is France's leading digital health insurer, valued at €4.9B in its 2024 Series F and reporting €423M in annual recurring revenue with 650,000+ insured members. Founded in Paris in 2016, Alan holds a full insurance carrier licence and operates in France, Belgium, and Spain. Its AI triage platform reduces average claims processing from 8 days to 4 hours. Alan's mental health coverage (MyAlan) covers 100+ therapist sessions per member annually — a market differentiator driving 35% YoY member growth.

Lemonade launched its European operations in Germany (2019), Netherlands (2020), and France (2021) before pausing expansion to focus on profitability. Its European GWP reached $120M in 2024, with AI-driven underwriting handling 100% of digital policy issuance. Lemonade's European combined ratio improved from 155% (2022) to 112% (2024) as frequency normalised and AI claims fraud detection cut leakage by 25%. Its B Corp certification and Giveback programme (donating unclaimed premiums to charities) resonates strongly with European ESG-conscious consumers.

Bought By Many (now ManyPets) is the UK's #1 pet insurer by customer satisfaction, with £350M in GWP and 400,000+ insured pets in 2024. Founded in London in 2012, it disrupted the pet insurance market by aggregating niche customer communities for group negotiation before launching its own licensed carrier. Its 2024 renewal retention rate of 88% is the highest in UK pet insurance. ManyPets expanded to the US and Sweden, reporting $550M+ in global GWP and raising $350M total funding.

Companjon is a Dublin-based B2B2C InsurTech specialising in embedded parametric insurance for travel, ticketing, and e-commerce platforms. Founded in 2019, it raised €18M Series A in 2023 and partners with 50+ European travel and ticketing platforms to embed travel disruption, event cancellation, and luggage delay insurance at point of sale. Its API issues policies in under 200ms and auto-pays claims without customer submission, achieving a 94% customer satisfaction score. Companjon processed €15M in automatic payouts in 2024.

Simplesurance is a Berlin-based B2B InsurTech offering embedded device and multi-risk insurance APIs to European retailers and e-commerce platforms, processing €200M+ in insured product value annually. Founded in 2012, it was acquired by Allianz Partners in 2019 and now integrates with 10,000+ online retailers in 30 countries. Its CheckoutInsurance product adds device insurance at the payment step, achieving 8–14% add-on conversion rates. Simplesurance processed 1.2 million policies in 2024.

GetSafe (rebranded from Getsafe in 2024) is a Heidelberg-based digital insurer with 250,000+ customers across Germany, Austria, and the UK, specialising in renters, liability, and contents insurance. Founded in 2015, it became one of Germany's first InsurTechs to obtain a full BaFin carrier licence in 2021, allowing it to own risk rather than front through incumbents. Its app-first model processes 80% of claims within 24 hours. GetSafe raised €85M total, achieving GWP of €45M in 2024 with a 97% combined ratio.

Descartes Underwriting is a Paris-based climate tech InsurTech using satellite imagery and machine learning to underwrite parametric weather risk for corporates, municipalities, and agricultural clients. Founded in 2018, it raised $120M Series B in 2023 and insured €2B+ in climate risk across Europe and North America in 2024. Its AI platform prices flood, drought, windstorm, and wildfire exposures 10x faster than traditional actuarial methods. Descartes serves 300+ enterprise clients including Carrefour, TotalEnergies, and multiple European municipalities.

Friday is the digital direct insurer brand of Swiss Baloise Group, targeting German and Austrian consumers with usage-based motor, household, and contents insurance via a fully digital onboarding process. Launched in 2017, Friday reached 200,000+ customers and €100M+ in GWP in 2024, supported by Baloise's AA- rated balance sheet. Its pay-per-km motor product reduces premiums by 30–50% for low-mileage drivers using smartphone GPS data. Friday's NPS of 62 ranks it among Germany's highest for personal lines digital insurers.

Wakam (formerly La Parisienne Assurances) is a Paris-based B2B2C InsurTech carrier offering a white-label insurance-as-a-service (IaaS) platform to 150+ European InsurTech, embedded finance, and neobank partners. Founded in 1829 and digitally transformed from 2017, Wakam holds a full ACPR carrier licence and writes €350M+ in GWP annually across 32 European countries. Its Play & Plug API allows partners to launch a new insurance product in under 6 weeks. Partners include Alan, Qonto, and Swile.

Alan is France's leading digital health insurer, valued at €4.9B in its 2024 Series F and reporting €423M in annual recurring revenue with 650,000+ insured members. Founded in Paris in 2016, Alan holds a full insurance carrier licence and operates in France, Belgium, and Spain. Its AI triage platform reduces average claims processing from 8 days to 4 hours. Alan's mental health coverage (MyAlan) covers 100+ therapist sessions per member annually — a market differentiator driving 35% YoY member growth.

Lemonade launched its European operations in Germany (2019), Netherlands (2020), and France (2021) before pausing expansion to focus on profitability. Its European GWP reached $120M in 2024, with AI-driven underwriting handling 100% of digital policy issuance. Lemonade's European combined ratio improved from 155% (2022) to 112% (2024) as frequency normalised and AI claims fraud detection cut leakage by 25%. Its B Corp certification and Giveback programme (donating unclaimed premiums to charities) resonates strongly with European ESG-conscious consumers.

Bought By Many (now ManyPets) is the UK's #1 pet insurer by customer satisfaction, with £350M in GWP and 400,000+ insured pets in 2024. Founded in London in 2012, it disrupted the pet insurance market by aggregating niche customer communities for group negotiation before launching its own licensed carrier. Its 2024 renewal retention rate of 88% is the highest in UK pet insurance. ManyPets expanded to the US and Sweden, reporting $550M+ in global GWP and raising $350M total funding.

Companjon is a Dublin-based B2B2C InsurTech specialising in embedded parametric insurance for travel, ticketing, and e-commerce platforms. Founded in 2019, it raised €18M Series A in 2023 and partners with 50+ European travel and ticketing platforms to embed travel disruption, event cancellation, and luggage delay insurance at point of sale. Its API issues policies in under 200ms and auto-pays claims without customer submission, achieving a 94% customer satisfaction score. Companjon processed €15M in automatic payouts in 2024.

Simplesurance is a Berlin-based B2B InsurTech offering embedded device and multi-risk insurance APIs to European retailers and e-commerce platforms, processing €200M+ in insured product value annually. Founded in 2012, it was acquired by Allianz Partners in 2019 and now integrates with 10,000+ online retailers in 30 countries. Its CheckoutInsurance product adds device insurance at the payment step, achieving 8–14% add-on conversion rates. Simplesurance processed 1.2 million policies in 2024.

GetSafe (rebranded from Getsafe in 2024) is a Heidelberg-based digital insurer with 250,000+ customers across Germany, Austria, and the UK, specialising in renters, liability, and contents insurance. Founded in 2015, it became one of Germany's first InsurTechs to obtain a full BaFin carrier licence in 2021, allowing it to own risk rather than front through incumbents. Its app-first model processes 80% of claims within 24 hours. GetSafe raised €85M total, achieving GWP of €45M in 2024 with a 97% combined ratio.

Descartes Underwriting is a Paris-based climate tech InsurTech using satellite imagery and machine learning to underwrite parametric weather risk for corporates, municipalities, and agricultural clients. Founded in 2018, it raised $120M Series B in 2023 and insured €2B+ in climate risk across Europe and North America in 2024. Its AI platform prices flood, drought, windstorm, and wildfire exposures 10x faster than traditional actuarial methods. Descartes serves 300+ enterprise clients including Carrefour, TotalEnergies, and multiple European municipalities.

Friday is the digital direct insurer brand of Swiss Baloise Group, targeting German and Austrian consumers with usage-based motor, household, and contents insurance via a fully digital onboarding process. Launched in 2017, Friday reached 200,000+ customers and €100M+ in GWP in 2024, supported by Baloise's AA- rated balance sheet. Its pay-per-km motor product reduces premiums by 30–50% for low-mileage drivers using smartphone GPS data. Friday's NPS of 62 ranks it among Germany's highest for personal lines digital insurers.

Wakam (formerly La Parisienne Assurances) is a Paris-based B2B2C InsurTech carrier offering a white-label insurance-as-a-service (IaaS) platform to 150+ European InsurTech, embedded finance, and neobank partners. Founded in 1829 and digitally transformed from 2017, Wakam holds a full ACPR carrier licence and writes €350M+ in GWP annually across 32 European countries. Its Play & Plug API allows partners to launch a new insurance product in under 6 weeks. Partners include Alan, Qonto, and Swile.