Key European InsurTech investment stats in H1 2025:
- European InsurTech deal activity dropped by 16% YoY
- UK secured a third of all European InsurTech deals as they dominated the region in H1
- Weecover, Spain’s leading InsurTech in embedded insurance, secured $4.4m in a funding round to fuel its growth and international expansion, positioning it among the top European InsurTech deals in the first half of the year
European InsurTech deal activity dropped by 16% YoY
In H1 2025, the European InsurTech sector saw a continued decline in both funding and deal activity.
The region recorded 31 funding rounds, representing a 16% decrease from the 37 deals completed in H1 2024.
Total funding dropped to $327m, marking a 5% decline from the $344m raised in the same period last year.
This downward trend follows a short-lived recovery in H2 2024 when funding rose to $514m across 34 deals.
The persistent contraction in investment and deal flow highlights ongoing investor caution in the European InsurTech market as it faces macroeconomic uncertainty and maturing business models.
UK secured a third of all European InsurTech deals as they dominated the region in H1
The UK remained the leading market for InsurTech activity in Europe, securing 11 deals in H1 2025, which accounted for a 35% share — slightly down from the 14 deals (38% share) recorded in H1 2024.
Spain followed with five deals (16% share), up from four deals (11% share), while France entered the top three with four deals (13% share), replacing Germany, which had registered seven deals (19% share) in the previous year.
Despite the overall slowdown, Spain and France have gained ground, pointing to a more diversified regional landscape as emerging players seek to capture a greater share of InsurTech activity across Europe.
Weecover, Spain’s leading InsurTech in embedded insurance, secured $4.4m in a funding round to fuel its growth and international expansion, positioning it among the top European InsurTech deals in the first half of the year
The round was led by Swanlaab Venture Factory, with participation from existing backer Nauta and strategic investors including La Roca Capital, Bankinter, Prosegur and Íope Ventures.
Weecover’s Insurance-as-a-Service platform provides a full-stack API-driven solution that enables retailers, e-commerce firms, financial institutions and digital apps to embed insurance products seamlessly into their customer journeys.
Its multi-product, multi-carrier model supports the full insurance lifecycle—from distribution to after-sales—allowing consumer-facing businesses to launch tailored insurance offerings in just weeks.
With a growing footprint in Spain and markets like France, Portugal, Andorra and Mexico, Weecover transacted over 100,000 insurance contracts annually by end-2024. The company is now integrating generative AI into its operations to enhance service efficiency and cost-effectiveness.
As embedded insurance continues to redefine how protection products are distributed, Weecover is consolidating its role as a key enabler of digital insurance infrastructure in Europe.
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