There’s little question that 2026 is shaping as much as be one more 12 months during which DeFi—from stablecoins to tokenized property—instructions its share of fintech headlines. However the improvements happening in insurance coverage and insurtech are additionally worthy of be aware.
From embedded insurance coverage options to insurance coverage that’s bundled with loans, mortgages, or different monetary merchandise, expertise is having as a lot impression on the insurance coverage trade as it’s in some other discipline inside fintech. Insurtech is leveraging automation, machine studying, AI, and even blockchain expertise to assist enhance effectivity, management prices, higher handle and safeguard knowledge, and improve the insurance coverage course of for each retail and enterprise clients. Right here’s a have a look at a handful of latest tales that assist present the place insurtech is right this moment.
Corgi Funding Fuels AI-Powered Insurance coverage for Startups
Corgi Insurance coverage has secured $108 million in funding, in addition to regulatory authority to function an AI-native, full-stack insurance coverage service devoted to startup corporations. Traders included Opposite, Glade Brook Capital Companions, Kindred Ventures, Leblon Capital, Oliver Jung, Seven Stars, and Y Combinator.
Additionally taking part within the funding have been Andrej Henkler and Fadwa Ouardani, Alumni Ventures, Fellows Fund, Phosphor Capital, Quadri Ventures, SV Angel, and Vocal Ventures.
Corgi Insurance coverage will use the capital to develop its insurance coverage providing for startups, with a deal with broadening protection choices and widening distribution. The corporate may also put money into its AI techniques that help underwriting, claims processing, and coverage administration.
“Founders shouldn’t have to decide on between velocity, protection high quality, and worth,” Corgi Co-Founder and CEO Nico Laqua stated. “We constructed Corgi to ship all three in a single place, so startups can get coated rapidly and deal with constructing. This capital helps us broaden protection and maintain bettering the product.”
Headquartered in San Francisco, California and based in 2023, Corgi is a full-stack service, overseeing the design and administration of its insurance coverage merchandise internally. This makes it simpler to adapt insurance policies to suit startup clients as they develop. Moreover, Corgi notes that its expertise permits prompt quotations, pricing, and protection that modifications as companies scale. Securing regulatory approval makes Corgi a licensed insurance coverage service, offering underwriting, claims dealing with, and coverage administration by way of its AI-enhanced platforms.
Corgi’s insurance coverage merchandise embody AI legal responsibility, administrators and officers legal responsibility, errors and omissions legal responsibility, business normal legal responsibility, cyber insurance coverage, fiduciary legal responsibility, and employed and non-owned auto protection. The corporate has reported annual recurring income of greater than $40 million since securing full regulatory approval in July 2025.
Insurtech Covr Broadcasts New C-Suite Management
Digital insurance coverage options supplier Covr Monetary Applied sciences shared information of two main C-suite modifications final week. The corporate introduced that Sam Barnett would be a part of Covr as Chief Government Officer (CEO) with Bob Klein taking up the function of Chief Distribution Officer (CDO). Barnett and Klein are co-founders of VIBE Insurance coverage Companies and, as a part of the management transition, Covr will “acqui-hire” the VIBE workforce.
The management announcement additionally follows Covr’s latest merger with Optifino within the fall of 2025. Collectively, the three entities mix Covr’s operational and compliance infrastructure, Optifino’s AI-powered platform, and VIBE’s impartial company experience and management to supply a complete suite of insurance coverage options.
“Following the Optifino-Covr merger final fall, I retained Sam and Bob’s agency, VIBE Consulting Companies, to assist information our transition,” present Covr CEO David Kleinhandler defined. “As we labored collectively, it grew to become clear that the chance was bigger. Their experience, imaginative and prescient, and talent to execute made them the pure option to run the newly merged firm, and I approached them about becoming a member of full-time to assist writer our subsequent chapter. I’m actually excited that they accepted, and look ahead to our ongoing collaboration.”
Headquartered in Hartford, Connecticut, and based in 2016, Covr empowers advisors to establish the correct insurance coverage product for his or her shoppers on the proper time. The agency boasts 20 partnerships with monetary establishments and banks, provides 122 insurance coverage merchandise, and serves greater than 30,000 monetary professionals and 100+ million clients. The corporate leverages enterprise-grade distribution, best-in-class compliance infrastructure, and superior AI-driven planning instruments to ship quicker case design, smarter product match, and a seamless end-to-end insurance coverage journey.
“This merger creates highly effective synergies,” Covr Chief Innovation Officer Michael Doniger stated. “Our institutional distribution and compliance infrastructure completely enhances Bob and Sam’s impartial channel distribution. And if you layer in our robust service relationships with the tech firepower of the Covr-Optifino platform, we’re giving advisors and businesses capabilities they’ve merely by no means had earlier than.”
Cyber and Specialty Insurer Cowbell Launches Progress Initiative
It’s been a busy winter for adaptive cyber and specialty insurance coverage options supplier Cowbell. In November, the corporate introduced a model refresh to replicate the agency’s progress right into a broader digital safety associate within the discipline of business specialty insurance coverage. In December, Cowbell launched self-service capabilities for its Cowbell Resiliency Companies (CRS). This enabled policyholders to question and activate danger administration providers straight from their coverage dashboard. The brand new providing additionally expanded Cowbell’s dedication to creating it simpler for companies to handle digital danger.
This month, we realized that Cowbell has introduced its subsequent stage of strategic progress, which incorporates an emphasis on 5 drivers: worldwide cyber, monetary strains, resiliency providers, mid-market growth, and franchise subscriptions. In a press release, firm CEO and Founder Jack Kudale stated that the brand new initiative marks the agency’s evolution from an Adaptive Cyber Insurance coverage supplier to a digital safety associate spanning cyber, skilled, and administration legal responsibility strains.
“As we enter this new cycle, parlaying our success in new merchandise, new providers, and new markets over the previous 18 months, we’re poised to scale responsibly and profitably,” Kudale stated. “Cowbell has constructed a strong basis of expertise, expertise, and belief. Now, we’re specializing in translating that power into sustained progress, international growth, and working profitability whereas persevering with to ship safety that creates confidence, not complexity.”
The corporate’s strategic progress announcement comes as Cowbell introduces new Chief Monetary Officer John Botros, who brings to the insurtech greater than 10 years of economic management in expertise and cyber danger organizations, most just lately as CFO of Resilience.
Based in 2019 and headquartered in Pleasanton, California, Cowbell is a business insurance coverage firm that helps make digital dangers manageable. Cowbell provides cyber legal responsibility insurance coverage to defend companies towards cyber dangers earlier than, throughout, and after any incident; errors and omissions protection for expertise professionals; and insurance coverage safety for managers and leaders of small to medium-sized organizations. The agency serves roughly 30,000 SMEs all over the world, representing a complete insured income of $610 billion. Cowbell has paid over $275 million in claims since inception.
M3 Insurance coverage Groups Up with SimplePin to Modernize its Operations
US-based insurance coverage brokerage and danger administration agency M3 Insurance coverage has partnered with SimplePin to modernize its finance and accounting operations. SimplePin will assist M3 Insurance coverage automate its insurance coverage receivables throughout a number of cost channels, accelerating processing, enhancing knowledge accuracy, and guaranteeing organization-wide visibility in monetary exercise and efficiency.
“SimplePin helps us scale back guide work behind the scenes whereas bettering the cost expertise for shoppers, carriers, and companions,” M3 Insurance coverage Senior Director of Finance Jamin Friedl stated. “It’s a significant step ahead as we modernize operations and maintain tempo with the place the trade is headed.”
The partnership displays M3 Insurance coverage’s response to greater transaction volumes, rising complexity in cost choices, and different operational pressures. Collaborating with SimplePin will allow the insurer to automate the seize, posting, and reconciliation of insurance coverage funds. This may present real-time visibility into money circulate and allow M3 Insurance coverage to answer points and exceptions. The corporate praised SimplePin’s platform for its capacity to cut back the quantity of guide effort concerned, and famous that the partnership was about greater than a single expertise implementation.
“We’re not on the lookout for a conventional vendor relationship,” Friedl stated. “We worth companions we will collaborate with because the trade modifications and new wants emerge. SimplePin stood out as a workforce that understands insurance coverage operations and is aligned with the way in which we need to evolve.”
Headquartered in Madison, Wisconsin, and based in 1968, M3 Insurance coverage is a non-public and impartial insurance coverage dealer and danger administration agency. The corporate provides a variety of providers and merchandise together with property and casualty protection, worker advantages applications, retirement and wealth administration options, HR providers, and extra.
This week, M3 Insurance coverage introduced the promotion of Erik Vandermause to Chief Info Officer (CIO). A part of M3 Insurance coverage since 2023, Vandermause was beforehand Vice President of Utilized Intelligence on the agency. He has served in government roles at corporations together with Accenture and CUNA Mutual Group.
Meet Finovate’s Insurtech Alums
Finovate has showcased a variety of fintech innovators over time. A few of these corporations present options for insurance coverage corporations, whereas different corporations leverage embedded expertise to allow corporations to supply insurance coverage merchandise to their clients. In reality, this latter group has made up nearly all of these insurtechs which have demonstrated their expertise reside on the Finovate stage. This consists of Better of Present winners like Wysh (FinovateFall 2023), startups like Amplify Life Insurance coverage (FinovateFall 2021), and veterans like Insuritas and Gradatim. Mortgage tech Mix launched its own residence insurance coverage providing in 2018, the identical 12 months Revolut started providing journey insurance coverage.
Additionally amongst Finovate’s insurance-related alums are UK-based insurance coverage advisory agency Anorak and Sureify, which focuses on educating insurance coverage customers. Coverhound, which made its Finovate debut again in 2012, provides a rate-comparison resolution to assist customers lower your expenses when shopping for insurance coverage.
Photograph by Vlad Deep
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