Key global InsurTech investment stats in 2025:
- Global InsurTech deal activity dropped by 5% YoY in 2025
- US companies secured 53% of all deals to cement their position as the main global InsurTech hub for the year
- Angle Health, an InsurTech platform focused on modernising employer health coverage through AI-driven underwriting, risk management and insurance operations, secured one of the biggest global InsurTech deals of the year with a $134m Series B funding round
Global InsurTech deal activity dropped by 5% YoY in 2025
In 2025, the global InsurTech market continued to experience a decline in both deal activity and funding following the sharp correction seen in recent years.
The sector recorded 276 deals, representing a 5% decrease from the 292 deals completed in 2024 and a steep 74% decline compared with the 1,058 deals recorded in 2021.
Total funding reached $3.4bn, marking a 20% decrease from the $4.2bn raised in 2024 and an 85% drop from the $22.5bn secured in 2021.
This continued slowdown reflects a more cautious investment environment across the InsurTech sector, with both deal flow and capital deployment remaining well below the peak levels observed earlier in the decade.
US companies secured 53% of all deals to cement their position as the main global InsurTech hub for the year
At the country level, the US remained the most active InsurTech market globally in 2025 with 146 deals (53% share), representing a 7% increase from 137 deals (47% share) recorded in 2024.
The UK followed with 23 deals (8% share), a slight 4% decrease from 24 deals (8% share) in the previous year.
Germany and Brazil jointly ranked third with 9 deals (3% share) each, with Germany entering the top three while France, which recorded 16 deals (5% share) in 2024, dropped out of the leading group.
Despite the overall contraction in deal volumes, the US strengthened its dominance within the global InsurTech landscape.
Angle Health, an InsurTech platform focused on modernising employer health coverage through AI-driven underwriting, risk management and insurance operations, secured one of the biggest global InsurTech deals of the year with a $134m Series B funding round
The round was led by Portage with participation from Blumberg Capital, Mighty Capital, PruVen Capital, SixThirty Ventures, TSVC, Wing VC and Y Combinator, bringing total funding to approximately $200m.
The San Francisco-headquartered company is building next-generation digital insurance infrastructure that replaces legacy carrier technology with real-time data, automated decisioning and AI-enabled risk assessment, enabling insurers and employers to better price, manage and administer health insurance products.
Angle Health currently serves more than 3,000 employers across 44 states and is expanding its platform capabilities across insurance operations, claims workflows and cost optimisation as healthcare insurers increasingly shift towards technology-first operating models.
The new capital will support platform scaling, deeper AI integration and expansion of its insurance product stack, positioning Angle Health to capture growing demand for modern, software-led insurance platforms as medical cost inflation and regulatory complexity drive digital transformation across the US health insurance market.
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