Key European InsurTech investment stats in H1 2026:
- European InsurTech deal activity grew 13% YoY in H1
- UK companies dominated European InsurTech landscape as companies based in the country secured the highest number of deals with 15 transactions
- Lassie, a prevention-first pet insurer that combines insurance coverage with everyday pet care, raised $75m in a Series C round, making it one of the biggest European InsurTech deals of the first half of the year
European InsurTech deal activity grew 13% YoY in H1
European InsurTech raised $985.9m across 36 deals in H1 2026.
Funding surged 3x from $327.5m in H1 2025 and 5x from $192.1m in H2 2025.
Deal volume rose 13% from 32 transactions in both H1 2025 and H2 2025.
The funding growth is striking against what is a relatively contained increase in deal activity.
The data points to a small number of very large transactions driving the headline figure, rather than a broad-based expansion in the number of investments across the sector.
UK companies dominated European InsurTech landscape as companies based in the country secured the highest number of deals with 15 transactions
The UK strengthened its position as the most active European InsurTech market in H1 2026, recording 15 deals and a 42% share of total activity.
This compares with 11 deals and a 34% share in H1 2025, a 36% rise in volume that also pushed its proportional standing notably higher.
France climbed from third place in H1 2025, where it recorded four deals and a 13% share, to second in H1 2026 with eight deals and a 22% share, doubling its volume and meaningfully expanding its share of overall activity.
Germany entered the top three in H1 2026 with four deals and an 11% share, having not featured in the equivalent ranking a year earlier.
Spain, which had held second place in H1 2025 with five deals and a 16% share, dropped out of the top three ranking entirely.
Spain’s exit and Germany’s arrival represents a shift in the continental composition of the top three, while France’s strong rise is the most consequential development of the period, narrowing the gap with the UK and suggesting growing investor appetite for InsurTech opportunities in the French market.
Lassie, a prevention-first pet insurer that combines insurance coverage with everyday pet care, raised $75m in a Series C round, making it one of the biggest European InsurTech deals of the first half of the year
The round was backed by Balderton Capital, Felix Capital, Inventure, Passion Capital and Stena Sessan.
Founded in Stockholm, the company currently operates in Sweden, Germany and France, insuring around 250,000 pets, and reports more than $100m in annual recurring revenue.
Automation sits at the heart of its operating model, with around 60% of claims in Germany now processed end to end in approximately six minutes.
The company’s app-based approach drives daily engagement well above industry norms, with active usage of around 25% against a sector average of 8 to 9%.
Lassie is targeting a fast-growing market, with the global pet insurance sector forecast to reach around $80bn by 2033, driven by rising veterinary costs and shifting attitudes to pet ownership across Europe. Proceeds will be used to accelerate expansion into further European markets.
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