Swiss InsurTech startup Insurteam, which automates sales and claims management for the travel insurance sector, has completed a $1.3m funding round aimed at driving its expansion across Europe, according to VentureLab.
The fresh capital is earmarked for scaling the company’s MGA operations throughout the continent. The raise will enable Insurteam, a former Venture Leaders Fintech participant, to bring insurance products to market that are fully underpinned by its own proprietary technology.
At the core of Insurteam’s offering is a platform that harnesses artificial intelligence, data analytics, and multichannel communication to handle both sales and claims processing automatically. The technology can reduce claim management costs for insurers by up to 80% and shrink processing times from several weeks to just minutes.
Working through a B2B2C model, the company partners with online travel agencies, tour operators, and wholesalers, supporting them in managing insurance products while driving improvements in both efficiency and customer satisfaction. Its platform has already served more than 100,000 customers, with operations live in Italy, the Netherlands, and the DACH region.
Established in 2024, Insurteam has grown its headcount from two to ten and has set up MGA operations in Dublin, Ireland. The business more than doubled its revenues in 2025 and expects to maintain a similar pace of growth into 2026, supported by a pipeline of contracts already in place.
Copyright © 2026 FinTech Global
