Key Global InsurTech investment stats in H1 2026:
- Global InsurTech investment increased 81% YoY
- InsurTech investment is projected to grow 68%
- Deals over $100m surged by 6x as investors prioritised larger deals
- Reserv, an AI-native third-party administrator and claims intelligence provider serving the property and casualty insurance market, raised $125m in a Series C round, making it one of the biggest InsurTech deals of H1
Global InsurTech investment increased 81% YoY
Global InsurTech companies raised $2.8bn across 96 deals in H1 2026, an 86% increase in funding compared to the $1.5bn recorded in H1 2025, even as deal count fell by 7% from 103 transactions over the same period.
The combination of sharply higher capital and fewer deals drove the average deal size up 99% to $29m from $14.5m in H1 2025, and well above the $16.7m average seen across 2025.
That jump in average deal size reveals the story of H1 2026. Capital is being deployed more deliberately, into a smaller number of larger opportunities.
InsurTech investment is projected to grow 68%
Set against 2025’s total of $3.4bn across 201 deals, H1 2026 accounts for 83% of last year’s funding and 48% of its deal volume, suggesting the market is running well ahead of the pace set in the first half of last year.
Should H1 2026’s pace continue, 2026 would close with 192 deals and $5.6bn in total funding, representing a 4% decline in deal volume but a 68% increase in capital raised compared to 2025.
Deals over $100m surged by 6x as investors prioritised larger deals
The scale of H1 2026’s funding growth is largely attributable to a dramatic expansion in larger transactions.
Deals of $100m or more raised $1.6bn in H1 2026, nearly six times the $275m generated by equivalent deals in H1 2025, and their share of total half-year funding surged from 18% to 58%.
It is also worth noting that deals of $100m or more in H2 2025 contributed $1.6bn, which played a significant role in driving 2025’s overall funding recovery after a softer first half.
Smaller deals, meanwhile, raised $1.2bn in H1 2026, a 5% decrease from the $1.2bn recorded in H1 2025, with their funding share falling from 82% to 42%.
Across 2025, deals under $100m accounted for 72% of annual funding at $2.4bn, with larger transactions contributing the remaining $939m, or 28%.
The contrast with H1 2026 is marked.
Where smaller deals once dominated the funding landscape, it is now larger transactions setting the tone, pointing to a meaningful shift in the type of companies and stages attracting investor attention within the global InsurTech market.
Reserv, an AI-native third-party administrator and claims intelligence provider serving the property and casualty insurance market, raised $125m in a Series C round, making it one of the biggest InsurTech deals of H1
The round was led by KKR, with participation from existing investors Bain Capital Ventures and Flourish Ventures, as well as select strategic partners and clients.
Founded in 2022, Reserv serves nearly 200 insurers, corporate captives, MGAs and brokers, has reached $100m in annual recurring revenue and has more than doubled its claims processing capacity every year since inception.
Its Reserv Glance platform uses fully explainable AI to analyse and act on claims within a centralised database, enabling clients to phase out legacy systems within weeks while choosing the level of automation applied across simple and complex cases.
The company currently handles 500,000 complex claims annually and plans to scale that capacity to 30 million over the next four years, with proceeds from the round supporting continued platform development and operational expansion across the US property and casualty market.
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