1.Cystellar The first one on our list of InsurTech Startups is UK startup Cystellar. Carriers can provide instant damage estimates and processing of claims based on uploaded accident photos from our easy to use Genius mobile app, reducing cycle time and expenses by over 50%. For more information on the largest American companies, download our S&P 500 companies Excel file containing the complete list of the 500 largest publicly listed companies in the US, together with extensive business, market, financial, and digital information on each company. Socotra was founded in 2014 and is headquartered in San Francisco, California.. CLARA analytics improves claims outcomes in commercial insurance with easy-to-use AI. The company pays for repairs and breakdowns on covered appliances and home systems. The report also examines startup funding trends and identifies other business lines that could be ripe for insurtech disruption. We are experts in Artificial Intelligence, Big Data, and Machine Learning with a focus on behavior analysis and prediction. Website: mmc.com – Market Cap. Nevertheless, insurance companies are still a pillar of the US economy and they will remain in this position for the foreseeable future. Visit ladderlife.com to learn more.. battleface is a rapidly growing tech-enabled insurance startup. Our early investors include MetLife – global providers of insurance with 90 million customers in over 60 countries, and Plug and Play Ventures – one of the first investors in PayPal and Lending Club.. Boost powers white-labeled digital insurance programs for leading technology companies and emerging startups. Our clients (agencies, carriers, financial services providers) leverage our APIs to inject insights and data into their workflows, to increase conversions, and deliver killer Amazon-like customer journeys. : $11.793 Billion – Stock symbol: LNC, Sub-Industry: Property & Casualty Insurance. The company provides liability coverage for customers in more than 100 professions including landscapers, beauticians, dog walkers, handymen, DJs, and musicians. It has expanded its offer of car insurance in Australia. Trusted by over 200 of the Fortune 1000, the company’s secure platform includes pre-trained, proprietary OCR and deep learning algorithms that accelerate data discovery and extraction, speeding time to ROI. : $21.584 Billion – Stock symbol: HIG. Ethos policies are issued and guaranteed by Legal & General America (LGA), a large U.S. life insurance provider since 1836. Its robust insurtech platform empowers financial institutions and insurance incumbents to rapidly deploy modern solutions for homeowners, renters, drivers and small businesses. Super was founded in 2015 and is headquartered in San Francisco, California.. . Player’s Health is an insurance agency that protects athletes and sports organizations with a unique risk management platform. This is a list of insurance companies based in the United States.These are companies with a strong national or regional presence having insurance as their primary business.. These startups and companies are taking a variety of approaches to innovating the InsurTech industry, but are all exceptional companies well worth a follow. Learn more about the SixThirty investment process at https://sixthirty.co/apply/. Its maintenance schedule helps people understand the needs of a home. This article brings to you, 10 popular insurtech companies in the UK. : $19.74 Billion – Stock symbol: AJG. SixThirty invests in and helps grow between 8 – 12 early-stage (generally Seed – Series A) companies each year, providing funding, mentorship, and connections. Resources, tools and data for business, money, tech and finance. Frequent natural disasters displace families, devastate communities and drive financial loss. Its application includes last will and testament for the family and the laws of the state, a revocable living trust, guardianship for children and pets, net worth and life insurance calculator, term life insurance comparison, and a complimentary insurance policy. For more information on other leading American and financial companies, check our other posts: The insurance companies listed hereafter are ranked by market capitalization in United States Dollars, as of effective close on Friday, February 7, 2020. The company uses artificial intelligence and behavioral economics to set rates for the homes and renters it insures. The time is now for the life and annuity insurer.. LifeRaft is a new insurtech company that offers supplementary health insurance products for patients. Instead of your rate being set by who you are – your age, zipcode and marital status – your rate is set by how you drive. In each stage, Glow provides insights, articles, useful tips, and a translation of health data to achieve better fertility outcomes. Other financial companies, such as banks and financial services companies, also challenge them in their insurance and risk management activities in financial markets. At Huckleberry, they’re on a mission to give small business owners back time. Boost handles the rest in the background by automating all policy and claims admin workflows on their behalf – from quote to purchase to claim and beyond. Bold Penguin was founded in 2016 and is headquartered in Columbus, Ohio, USA.. Metromile is the provider of pay-per-mile car insurance company in the U.S. Powered by data science and machine learning, the company is disrupting a $250 billion auto insurance category. Do they provide a valuable and convenient service? Pelion invests in early-stage B2B software across the US. In addition to its direct-to-consumer arm, Bestow provides APIs that enable partners to offer life insurance coverage to their customers with ease. We tried to pick companies across the size spectrum from cutting edge startups to established brands. (e in b)&&0=b[e].o&&a.height>=b[e].m)&&(b[e]={rw:a.width,rh:a.height,ow:a.naturalWidth,oh:a.naturalHeight})}return b}var C="";u("pagespeed.CriticalImages.getBeaconData",function(){return C});u("pagespeed.CriticalImages.Run",function(b,c,a,d,e,f){var r=new y(b,c,a,e,f);x=r;d&&w(function(){window.setTimeout(function(){A(r)},0)})});})();pagespeed.CriticalImages.Run('/mod_pagespeed_beacon','http://df.media/these-are-the-top-insurtech-companies-in-america-2021/','8Xxa2XQLv9',true,false,'gjnt6R8SSZ8'); Website: lfg.com – Market Cap. But commercial insurance is still bought and managed almost entirely offline, in a process that can involve layers of bureaucracy and take weeks to complete.. . These new “InsurTech” companies create new ways for people and companies to hedge, manage and anticipate risks and exposure to various hazards, which can impede the activities of traditional insurance companies. LeaseLock has insured over $300 million in leases backed by insurance rated A (Excellent) by A.M. Cape Analytics uses deep learning and geospatial imagery to provide instant property intelligence for buildings across the United States. Tenner Smith is a reporter at DF media. To help insurance companies find the best-of-breed insurtech startups, a distinguished panel, comprising CIOs, CEOs, CTOs, analysts and the Insurance CIO Outlook’s editorial board, has evaluated and featured the top companies that leverage innovative technologies and strategies. Addenda is a UAE-based InsurTech that focuses on reconciling payments between insurance companies using blockchain technology. BriteCore offers end-to-end insurance capabilities, including policy administration, claims management, underwriting rules, and rating, agent quoting and inquiry, contact management, billing, imaging, printing, data warehousing, and reporting. Bestow’s proprietary, entirely digital life insurance platform will help propel growth into new insurtech, carrier, and partner channels. As a technology-enabled workers’ compensation insurance company, Pie leverages extensive, high-quality data sets to segment and price small business policies, accurately assessing risks and passing savings on to small business owners. Renters pay an affordable monthly fee that generates over $5,000 in coverage for the property on every lease. Our mission is to make cybersecurity accessible and practical for all companies. Thimble allows the company to expand from its roots as a pioneer of drone insurance to a full partner for all small businesses and modern workers as they grow in the on-demand economy. It operates primarily in the states of Texas, New York, and Oklahoma. Designed as a cloud-native solution, BriteCore is deployed using Amazon Web Services and is continually updated for maximum security, efficiency, and durability at scale. As one of the fastest growing digital payments platforms in the insurance industry, One Inc manages billions of dollars per year in premiums and claims payments. The concept (known in the industry as an income annuity) has been around for a long time. By connecting people, systems, and information, they enable easier communication, a quicker process, and better decisions making busy people more productive. //