Key global InsurTech investment stats in Q2 2026:
- Global InsurTech deal activity grew 10% QoQ in Q2
- US companies dominated global InsurTech deal landscape as companies based in the country secured the highest number of deals with 42 transactions
- Honeycomb Insurance, an AI-driven digital insurer focused on commercial real estate risks, raised $40m in a funding round, marking one of the biggest InsurTech deals of the quarter
Global InsurTech deal activity grew 10% QoQ in Q2
Global InsurTech firms raised $1.8bn across 68 deals in Q2 2026.
Funding climbed 2.4x from $749.6m in Q2 2025 and 86% from $973.4m in Q1 2026.
Deal volume rose 8% from 63 transactions in Q2 2025 and 10% from 62 in Q1 2026.
Both measures moved higher across all comparisons, a relatively uncommon alignment that points to growth in both the number and average size of transactions during the quarter.
The funding figures in particular represent a sharp step up from prior periods, suggesting that larger deals played a meaningful role in driving the headline total.
US companies dominated global InsurTech deal landscape as companies based in the country secured the highest number of deals with 42 transactions
US strengthened its position as the most active global InsurTech market in Q2 2026, recording 42 deals and a 62% share of total activity.
This compares with 34 deals and a 54% share in Q2 2025, a 24% rise in volume that also pushed its proportional standing notably higher.
UK held second place in both periods, recording six deals and a 9% share in Q2 2025 and six deals and a 9% share in Q2 2026, with volume unchanged and its share of overall activity holding steady.
France entered the top three in Q2 2026 with four deals and a 6% share, displacing Mexico, which had held third place in Q2 2025 with three deals and a 5% share but did not feature in the equivalent ranking in the more recent period.
France’s arrival and Mexico’s exit points to a shift in the geographic composition of global InsurTech activity beyond the two leading markets, with European deal flow gaining ground at the expense of Latin America in the lower reaches of the ranking.
Honeycomb Insurance, an AI-driven digital insurer focused on commercial real estate risks, raised $40m in a funding round, marking one of the biggest InsurTech deals of the quarter
The round was led by Zeev Ventures, with participation from existing investor Ibex Investors and new backers Peakline, Alpha Partners, Meitar Partners, Practical VC and Harris Barton.
The raise brings Honeycomb’s total funding to $95m.
The company exited 2025 with gross written premium of $275m, operating across more than 20 US states.
Its underwriting platform analyses hundreds of structured and unstructured data points per property, including geospatial information, environmental data, building characteristics and high-resolution imagery.
This enables individual property-level risk assessment rather than broader portfolio-based approaches.
Honeycomb was founded to serve apartment buildings and condominium associations and has since broadened its commercial real estate product offering.
Proceeds will fund expansion into additional states, improved agent-facing tools and further development of its proprietary underwriting platform.
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