Key global InsurTech investment stats in H1 2026:
- Global InsurTech funding grew 96% YoY in H1
- US firms completed 56% of all global InsurTech deals, reinforcing the country’s position as the main InsurTech hub globally
- Alan, a digital health insurance platform serving employees, freelancers and retirees across France, Spain, Belgium and Canada, raised $544.6m in a round that ranks among the top global InsurTech deals of the period
Global InsurTech funding grew 96% YoY in H1
Global InsurTech companies raised $2.9bn across 133 deals in H1 2026.
Funding climbed 96% from $1.5bn in H1 2025 and 57% from $1.9bn in H2 2025.
Deal volume was broadly stable, rising 2% from 131 transactions in H1 2025 and dipping 8% from 145 in H2 2025.
The sharp rise in funding against largely flat deal activity points to a significant increase in average deal sizes.
Investors appear to have concentrated capital into fewer but larger transactions, driving the headline funding figure well above levels seen in either of the two preceding periods.
US firms completed 56% of all global InsurTech deals, reinforcing the country’s position as the main InsurTech hub globally
US retained its position as the most active Global InsurTech market in H1 2026, recording 75 deals and a 56% share of total activity.
This compares with 68 deals and a 52% share in H1 2025, a 10% rise in volume that also strengthened its proportional standing.
UK held second place in both periods, climbing from 11 deals and an 8% share in H1 2025 to 15 deals and an 11% share in H1 2026, a 36% increase in volume and a meaningful gain in its share of overall activity.
France entered the top three in H1 2026 with eight deals and a 6% share.
It displaced Spain, which had held third place in H1 2025 with five deals and a 4% share but did not feature in the equivalent ranking in the more recent period.
France’s entry and Spain’s exit represents a shift in which European markets are attracting InsurTech investment, though both the US and UK strengthened their positions, suggesting the broader trend is one of increasing concentration at the top of the global ranking.
Alan, a digital health insurance platform serving employees, freelancers and retirees across France, Spain, Belgium and Canada, raised $544.6m in a round that ranks among the top global InsurTech deals of the period
The round was led by Prosus.
Alan now serves more than 1.1 million members and 37,000 businesses, and reported annual recurring revenue of $907.7m in Q1 2026, with a credible path to $1.1bn by year-end.
Much of the company’s durability can be attributed to its distribution strategy, which is built primarily through employer channels and group benefits rather than costly direct-to-consumer acquisition, a model that delivers structurally higher retention and more predictable loss ratios than many of its digital-first peers managed.
Its AI-native platform is described as central to claims automation, care navigation and prevention, and at this scale the operational numbers suggest the model is holding together.
Alan expanded into Spain, Belgium and Canada only after validating its core economics in France, a discipline that set it apart from the wave of InsurTechs that scaled across borders before proving local unit economics and were undone by the regulatory complexity that makes European insurance particularly unforgiving.
Having survived where most challengers did not, Alan now sets a new benchmark for what institutional investors consider an investable InsurTech: disciplined distribution, demonstrable unit economics and a credible path to profitability in at least one market before expansion.
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