Best Insurance Distribution Companies in United States
The 3693 best Insurance Distribution companies in United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: HUB International.
$17.2 billion in disclosed funding across 3,693 tracked companies tells you something about the scale of appetite for Insurance Distribution in the United States right now. This directory ranks those companies by equity raised and recent funding momentum, and the numbers at the top are hard to ignore. Hub International alone accounts for $5.6B of that total. Devoted Health pulled $2.3B. M Financial Group sits at $310M. And the global market these players are competing for is forecast to grow from $210.4B to $337.3B by 2029, a clip of roughly 8.24% annually, driven partly by SaaS adoption and P&C advertising spend.
The revenue picture is where it gets interesting. Median revenue across validated filers sits at $178M, but the distribution is anything but flat. Health Net Inc filed $16.2B in revenue, up 332% year-over-year. That's not a typo. Primerica, Inc. posted $873M at 8% growth and netted $190M, roughly 7x the sector median net income. So when you're scanning this list, look past the funding headline. The combined revenue pool of tracked filers reaches $19.5B, and I'd argue that earned revenue number tells you more about real competitive weight than any funding round. App installs across insurance categories are also climbing, with median install growth at 24% YoY, a signal that distribution is increasingly a digital acquisition game.
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Our analysis of 50 Insurance Distribution companies
$16.7b in tracked funding; 79% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2024.
Ranked: Best Insurance Distribution companies in United States
| # | Company | Disclosed funding | Last round | Stage | Employees | Founded | Market signals (1y) | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | HUB International 🦄 Provider of investment advisory, insurance distribution, and risk management services 90Tech top 20%Funding top 23%Market top 24%Innovation top 25% All 10 signals ▾Techtop 20% Fundingtop 23% Markettop 24% Innovationtop 25% Moattop 31% Producttop 37% Growthtop 42% Customerstop 42% Newstop 50% Globalbottom 39% Tech: 84 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Funding: Raised $5.6B across 3 rounds · 3 rounds over 14 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 90/100 | $5.6B | 13 mo ago | Acquired | 17,000 | 1998 | 11 signals ▼76% Leadership | — | — |
| 2 | Devoted Health 🦄 Provider of healthcare insurance plans for individuals 87Funding top 10%Tech top 20%Moat top 20%Market top 25% All 11 signals ▾Fundingtop 10% Techtop 20% Moattop 20% Markettop 25% Producttop 27% Talenttop 28% Growthtop 32% Innovationtop 33% Customersbottom 45% Globalbottom 39% Newsbottom 18% Funding: Raised $2.3B across 9 rounds · 9 rounds over 9 yrs (1.0/yr) Tech: 37 technologies across 7/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 rank vs industry peers · Fliar Intelligence Index 87/100 | $2.3B | 4 mo ago | Series F | 1,841 1,841 → 2,197 (+19%) · sector median +30% | 2017 | — | — | — |
| 3 | Bright HealthCare 🦄 Online health insurance platform for individuals and businesses 45Moat top 10%Funding top 26%Market bottom 49%Talent bottom 49% All 5 signals ▾Moattop 10% Fundingtop 26% Marketbottom 49% Talentbottom 49% Globalbottom 37% Moat: Editorial + unicorn rating 10/10 · Unicorn Funding: Raised $1.6B across 5 rounds · 5 rounds over 10 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 45/100 | $1.6B | 69 mo ago | Series E | 47 | 2015 | — | — | — |
| 4 | Nassau Financial Group Provider of diversified insurance brokerage services 69Funding top 22%Tech top 27%Product top 32%Talent top 38% All 8 signals ▾Fundingtop 22% Techtop 27% Producttop 32% Talenttop 38% Growthtop 45% Marketbottom 47% Globalbottom 36% Newsbottom 23% Funding: Raised $1.2B across 4 rounds · 4 rounds over 14 yrs (0.3/yr) Tech: 63 technologies across 4/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 rank vs industry peers · Fliar Intelligence Index 69/100 | $1.2B | 17 mo ago | Series F | 494 | 1851 | — | — | 3 job openings |
| 5 | Lockton Provider of risk management, insurance, and reinsurance brokerage services 72Market top 16%Funding top 17%Product top 36%Talent top 38% All 9 signals ▾Markettop 16% Fundingtop 17% Producttop 36% Talenttop 38% Innovationtop 49% Techtop 49% Patentstop 49% Globalbottom 36% Customersbottom 26% Market: 10,128 employees (top 3% of Insurance Distribution) Funding: Raised $600M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 72/100 | $600M | 1 mo ago | Acquired | 10,128 | 1966 | — | 4 patents Insurance analytics software for real-time visualization and coverage recommendation | 1 expansion |
| 6 | Highstreet Insurance Partners Provider of independent insurance agency for liability, home, auto, personal, and business sectors 55Funding top 20%Tech top 40%Market top 48%Talent bottom 49% All 5 signals ▾Fundingtop 20% Techtop 40% Markettop 48% Talentbottom 49% Globalbottom 36% Funding: Raised $550M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) Tech: 28 technologies across 5/8 capability areas · Cloud: Amazon Web Services, Cloudflare rank vs industry peers · Fliar Intelligence Index 55/100 | $550M | 10 mo ago | Funding Raised | 2,000 | 2018 | — | — | — |
| 7 | BroadStreet Partners Insurance brokerage providing co-ownership investment in independent agencies 40Funding top 40%Growth top 44%Market top 49%Global bottom 37% All 6 signals ▾Fundingtop 40% Growthtop 44% Markettop 49% Globalbottom 37% Techbottom 35% Newsbottom 20% Funding: Raised $510M across 1 rounds · 1 rounds over 14 yrs (0.1/yr) Growth: Headcount 1,800 → 2,243 (+25%) across vintages · Web rank 50,000,000 → 10,000,000 YoY rank vs industry peers · Fliar Intelligence Index 40/100 | $510M | 115 mo ago | Series A | 2,243 | 2001 | — | — | — |
| 8 | Constellation Provider of insurance brokerage services 22Funding top 32%Patents top 47%Moat bottom 49%Global bottom 43% All 7 signals ▾Fundingtop 32% Patentstop 47% Moatbottom 49% Globalbottom 43% Marketbottom 38% Innovationbottom 37% Techbottom 21% Funding: Raised $500M across 1 rounds · 1 rounds over 7 yrs (0.1/yr) Patents: 12 patents matched (strict assignee match) · Latest publication 2015 rank vs industry peers · Fliar Intelligence Index 22/100 | $500M | 79 mo ago | Series D | 189 | 2015 | — | 12 patents Patents concentrated in computing, sensing & instrumentation | — |
| 9 | Alignment Health Provider of health insurance services 82Fin. health top 21%Tech top 25%Funding top 29%Growth top 35% All 9 signals ▾Fin. healthtop 21% Techtop 25% Fundingtop 29% Growthtop 35% Markettop 37% Talentbottom 40% Moatbottom 38% Globalbottom 32% Newsbottom 31% Fin. health: Revenue ~$2.7B (FY2023) · Net margin 0.6% Tech: 52 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon Web Services rank vs industry peers · Fliar Intelligence Index 82/100 | $375M | 75 mo ago | Public | 906 906 → 1,125 (+24%) · sector median +30% | 2013 | — | — | 1 award |
| 10 | Confie Distributor of personal lines insurance for standard and non-standard markets 48News top 34%Funding top 35%Product top 42%Growth top 46% All 8 signals ▾Newstop 34% Fundingtop 35% Producttop 42% Growthtop 46% Markettop 50% Techtop 50% Moatbottom 38% Globalbottom 37% News: 3 BI events in 12 mo (of 17 tracked, 3 types) · Top themes: M&A, Announcements Funding: Raised $345M across 2 rounds · 2 rounds over 16 yrs (0.1/yr) rank vs industry peers · Fliar Intelligence Index 48/100 | $345M | 91 mo ago | Acquired | 2,122 2,122 → 1,384 (-35%) · sector median +30% | 2008 | 3 signals M&A · Announcements | — | 2 job openings |
| 11 | M Financial Group Network of independent firms offering life insurance and financial services 37Funding top 23%Growth top 39%Product top 43%Moat bottom 49% All 10 signals ▾Fundingtop 23% Growthtop 39% Producttop 43% Moatbottom 49% Patentsbottom 47% Techbottom 45% Globalbottom 40% Innovationbottom 37% Marketbottom 35% Newsbottom 27% Funding: Raised $310M · Last round Series E (Mar 2026) Growth: Headcount 247 → 272 (+10%) across vintages · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 37/100 | $310M | 3 mo ago | Series E | 272 272 → 260 (-4%) · sector median +30% | 1978 | — | 16 patents Electronic banking transaction processing (ATMs) and integrated life insurance product management. | — |
| 12 | Etifinance Provider of insurance premium financing solutions for independent agents 13Funding top 47%Tech bottom 31%Market bottom 29%Global bottom 25% All 4 signals ▾Fundingtop 47% Techbottom 31% Marketbottom 29% Globalbottom 25% Funding: Raised $300M across 1 rounds · 1 rounds over 4 yrs (0.2/yr) Tech: 10 technologies across 2/8 capability areas · Security: Hsts rank vs industry peers · Fliar Intelligence Index 13/100 | $300M | 51 mo ago | Funding Raised | 20 | 2001 | — | — | — |
| 13 | Alera Group Provider of HR, life & health insurance, general liability, and other services 72Tech top 24%Funding top 33%Innovation top 36%Product top 37% All 11 signals ▾Techtop 24% Fundingtop 33% Innovationtop 36% Producttop 37% Markettop 41% Partnerstop 41% Growthtop 48% Moattop 48% Talentbottom 49% Globalbottom 32% Newsbottom 24% Tech: 55 technologies across 6/8 capability areas · Cloud: Akamai, Amazon Web Services Funding: Raised $250M across 2 rounds · 2 rounds over 9 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 72/100 | $250M | 38 mo ago | Acquired | 4,000 | 1995 | — | — | — |
| 14 | AssuredPartners Provider of life insurance, risk management, and other services 53Tech top 28%Innovation top 30%Funding top 35%News top 36% All 10 signals ▾Techtop 28% Innovationtop 30% Fundingtop 35% Newstop 36% Producttop 37% Growthbottom 48% Talentbottom 48% Moatbottom 38% Globalbottom 37% Marketbottom 26% Tech: 40 technologies across 5/8 capability areas · Cloud: Azure, Cloudflare Innovation: 3 product lines rank vs industry peers · Fliar Intelligence Index 53/100 | $219M | 140 mo ago | Acquired | 15 | 2011 | 9 signals ▼31% M&A · Lawsuit · Leadership | — | — |
| 15 | Amwins Provider of property & casualty insurance services 67Funding top 21%Market top 36%Tech top 37%Product top 40% All 10 signals ▾Fundingtop 21% Markettop 36% Techtop 37% Producttop 40% Growthtop 42% Talentbottom 49% Innovationbottom 45% Newsbottom 39% Moatbottom 38% Globalbottom 37% Funding: Raised $215M across 21 rounds · 21 rounds over 19 yrs (1.1/yr) Market: 7,200 employees (top 6% of Insurance Distribution) · Top-1,000,000 web property rank vs industry peers · Fliar Intelligence Index 67/100 | $215M | 1 mo ago | Acquired | 7,200 | 2001 | — | — | — |
| 16 | Fortegra Provider of specialty insurance and warranty solutions 64Innovation top 20%Product top 26%Funding top 32%News top 39% All 10 signals ▾Innovationtop 20% Producttop 26% Fundingtop 32% Newstop 39% Growthtop 40% Partnerstop 40% Techtop 46% Markettop 50% Talentbottom 49% Globalbottom 29% Innovation: 11 product lines Product: 11 distinct product lines · Company stage: Acquired rank vs industry peers · Fliar Intelligence Index 64/100 | $200M | 47 mo ago | Acquired | 727 | 1978 | 3 signals ▲50% Contracts · Acquisition | — | 2 awards |
| 17 | IMA Financial Group Diversified financial services company 80Innovation top 20%Funding top 21%Product top 25%Growth top 29% All 10 signals ▾Innovationtop 20% Fundingtop 21% Producttop 25% Growthtop 29% Talenttop 29% Newstop 33% Markettop 43% Partnerstop 45% Techtop 46% Globalbottom 41% Innovation: 12 product lines Funding: Raised $200M across 6 rounds · 6 rounds over 6 yrs (1.0/yr) rank vs industry peers · Fliar Intelligence Index 80/100 | $200M | 1 mo ago | Series C | 2,703 | 1974 | 8 signals Leadership | — | — |
| 18 | Health Net Provider of health plans and related services 67Market top 24%Funding top 31%Fin. health top 34%Tech top 46% All 7 signals ▾Markettop 24% Fundingtop 31% Fin. healthtop 34% Techtop 46% Growthbottom 46% Globalbottom 32% Newsbottom 27% Market: 2,600 employees (top 13% of Insurance Distribution) · Revenue ~$13.6B Funding: Raised $175M · 3 rounds over 19 yrs (0.2/yr) rank vs industry peers · Fliar Intelligence Index 67/100 | $175M | 12 mo ago | Acquired | 2,600 | 1977 | — | — | — |
| 19 | Worldwide Facilities Provider of wholesale specialty insurance products and services 27Funding top 39%Talent bottom 49%Tech bottom 41%Market bottom 39% All 6 signals ▾Fundingtop 39% Talentbottom 49% Techbottom 41% Marketbottom 39% Globalbottom 29% Newsbottom 27% Funding: Raised $169M · Last round PE (Jul 2015) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 27/100 | $169M | 131 mo ago | Acquired | 179 | 1970 | — | — | — |
| 20 | NSM Insurance Group Provider of insurance brokerage services 62Innovation top 20%Product top 26%Growth top 40%Funding top 44% All 9 signals ▾Innovationtop 20% Producttop 26% Growthtop 40% Fundingtop 44% Markettop 47% Talentbottom 49% Globalbottom 32% Techbottom 29% Newsbottom 21% Innovation: 7 product lines Product: 7 distinct product lines · Company stage: Acquired rank vs industry peers · Fliar Intelligence Index 62/100 | $160M | 120 mo ago | Acquired | 654 | 2011 | — | — | — |
| 21 | Skyward Specialty Insurance Provider of property and casualty insurance services 76Fin. health top 17%Funding top 33%Growth top 38%Market top 42% All 9 signals ▾Fin. healthtop 17% Fundingtop 33% Growthtop 38% Markettop 42% Newstop 42% Techtop 46% Talenttop 46% Moatbottom 38% Globalbottom 37% Fin. health: Revenue ~$1.4B (FY2024) · Net margin 1493.9% Funding: Raised $158M across 5 rounds · 5 rounds over 15 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 76/100 | $158M | 84 mo ago | Public | 448 448 → 609 (+36%) · sector median +30% | 2007 | 13 signals Earnings · Leadership · Regulatory | — | 1 expansion |
| 22 | Propel Insurance Diversified insurance broker 45Tech top 44%Growth top 45%Funding top 47%Market bottom 42% All 6 signals ▾Techtop 44% Growthtop 45% Fundingtop 47% Marketbottom 42% Globalbottom 29% Newsbottom 22% Tech: 40 technologies across 3/8 capability areas · Cloud: Amazon Web Services, Cloudflare rank vs industry peers · Fliar Intelligence Index 45/100 | $155M | 97 mo ago | Acquired | 580 | 1923 | — | — | — |
| 23 | Advise Insurance Medical insurance brokerage firm 24Funding top 41%Global bottom 36%Market bottom 33% All 3 signals ▾Fundingtop 41% Globalbottom 36% Marketbottom 33% Funding: Raised $100M across 1 rounds · 1 rounds over 5 yrs (0.2/yr) Global: Investors from 1 country beyond United States rank vs industry peers · Fliar Intelligence Index 24/100 | $100M | 63 mo ago | Series D | 121 | 2017 | — | — | — |
| 24 | INSURICA Provider of specialized insurance programs for businesses and individuals 62Innovation top 20%Product top 25%Growth top 38%Tech top 41% All 8 signals ▾Innovationtop 20% Producttop 25% Growthtop 38% Techtop 41% Fundingtop 44% Newstop 44% Marketbottom 46% Globalbottom 25% Innovation: 10 product lines Product: 10 distinct product lines · Company stage: Series C rank vs industry peers · Fliar Intelligence Index 62/100 | $84M | 34 mo ago | Series C | 610 | 1959 | — | — | — |
| 25 | Gold Kidney Provider of Medicare Advantage plans specializing in chronic conditions 27Product top 37%Growth top 45%Funding top 49%Tech bottom 48% All 7 signals ▾Producttop 37% Growthtop 45% Fundingtop 49% Techbottom 48% Globalbottom 33% Marketbottom 31% Customersbottom 6% Product: 1 published app (1.8k installs) · Company stage: PE rank vs industry peers · Fliar Intelligence Index 27/100 | $60M | 41 mo ago | Late Stage | 60 | 2021 | — | — | — |
| 26 | Indigo Provider of medical professional liability insurance with rigorous defense and competitive rates 62Patents top 20%Innovation top 23%Funding top 30%Growth top 35% All 9 signals ▾Patentstop 20% Innovationtop 23% Fundingtop 30% Growthtop 35% Talenttop 38% Moattop 44% Techbottom 48% Globalbottom 37% Marketbottom 27% Patents: 355 patents matched (strict assignee match) · 152 filings since 2022 vs 185 in 2017-21 Innovation: 355 patents (top 7% of patent-holders) · 152 filings since 2022 vs 185 in 2017-21 rank vs industry peers · Fliar Intelligence Index 62/100 | $50M | 4 mo ago | Series B | — | 2023 | — | 355 patents Patents concentrated in health & consumer products | — |
| 27 | Cover Whale Provider of commercial truck insurance, saving wholesale and retail insurance 55News top 30%Funding top 32%Growth top 35%Tech top 35% All 9 signals ▾Newstop 30% Fundingtop 32% Growthtop 35% Techtop 35% Moattop 48% Producttop 49% Talentbottom 49% Marketbottom 35% Globalbottom 29% News: 4 BI events in 12 mo (of 19 tracked, 3 types) · Top themes: Funding Funding: Raised $43.0M across 3 rounds · 3 rounds over 5 yrs (0.6/yr) rank vs industry peers · Fliar Intelligence Index 55/100 | $43M | 10 mo ago | Series B | 131 | 2019 | 4 signals Funding | — | — |
| 28 | Boost Provider of infrastructure for digital insurance programs, MGAs, and embedded insurance 35Moat top 31%Growth top 35%Funding top 36%Tech top 42% All 9 signals ▾Moattop 31% Growthtop 35% Fundingtop 36% Techtop 42% Talentbottom 49% Patentsbottom 47% Innovationbottom 45% Globalbottom 40% Marketbottom 15% Moat: Editorial + unicorn rating 7/10 · IP moat: 12 patents Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 35/100 | $37M | 22 mo ago | Series B | 2 | 2017 | — | 12 patents Patents concentrated in health & consumer products | — |
| 29 | Florida One Insurance Provider of car insurance services 11Funding bottom 49%Tech bottom 40%Growth bottom 35%Global bottom 25% All 5 signals ▾Fundingbottom 49% Techbottom 40% Growthbottom 35% Globalbottom 25% Marketbottom 22% Funding: Raised $34.3M · 1 rounds over 3 yrs (0.3/yr) Tech: 16 technologies across 2/8 capability areas · Security: Hsts, Recaptcha rank vs industry peers · Fliar Intelligence Index 11/100 | $34M | 31 mo ago | Funding Raised | 41 | 2014 | — | — | — |
| 30 | HealthBridge Health insurance distributor 40News top 30%Funding top 32%Growth top 38%Tech bottom 47% All 6 signals ▾Newstop 30% Fundingtop 32% Growthtop 38% Techbottom 47% Globalbottom 32% Marketbottom 25% News: 5 BI events in 12 mo (of 8 tracked, 4 types) · 1 high-value events (IPO/M&A/funding/contracts) in 12 mo Funding: Raised $33.2M across 7 rounds · 7 rounds over 9 yrs (0.8/yr) rank vs industry peers · Fliar Intelligence Index 40/100 | $33M | 6 mo ago | Series C | 40 | 2017 | 5 signals Hiring · Capital raise · M&A | — | — |
| 31 | Aidentified Diversified insurance brokerage firm 42Innovation top 29%Product top 33%Talent top 38%Funding bottom 48% All 7 signals ▾Innovationtop 29% Producttop 33% Talenttop 38% Fundingbottom 48% Globalbottom 29% Marketbottom 25% Newsbottom 20% Innovation: 3 new-product events in 24 mo Product: 1 product launch event in 12 mo, 2 the year before · Company stage: Series B rank vs industry peers · Fliar Intelligence Index 42/100 | $33M | 24 mo ago | Series B | 42 | 2018 | — | — | — |
| 32 | Rosemary Holding Provider of insurance brokerage services 14Funding bottom 41%Global bottom 25% All 2 signals ▾Fundingbottom 41% Globalbottom 25% Funding: Raised $30.2M · 1 rounds over 4 yrs (0.2/yr) Global: Single-market focus (United States) rank vs industry peers · Fliar Intelligence Index 14/100 | $30M | 50 mo ago | Series C | — | 1963 | — | — | — |
| 33 | Holmes Murphy & Associates P&C insurance brokerage firm 64Innovation top 20%Product top 25%Tech top 44%Funding top 46% All 9 signals ▾Innovationtop 20% Producttop 25% Techtop 44% Fundingtop 46% Growthtop 47% Marketbottom 49% Talentbottom 49% Newsbottom 43% Globalbottom 30% Innovation: 11 product lines Product: 11 distinct product lines · Company stage: Series C rank vs industry peers · Fliar Intelligence Index 64/100 | $26M | 12 mo ago | Series C | 951 951 → 1,302 (+37%) · sector median +30% | 1996 | — | — | — |
| 34 | Leavitt Network of independent insurance agencies offering commercial, employee benefits, and personal insurance 60Innovation top 30%Growth top 32%Product top 36%Market top 46% All 8 signals ▾Innovationtop 30% Growthtop 32% Producttop 36% Markettop 46% Fundingbottom 49% Techbottom 48% Globalbottom 30% Newsbottom 22% Innovation: 3 product lines Growth: Headcount 2,006 → 2,411 (+20%) across vintages · Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 60/100 | $25M | 19 mo ago | Series C | 2,411 | 1952 | — | — | — |
| 35 | SureCo Healthcare focused insurance brokerage firm 60Growth top 28%Tech top 33%Funding top 36%Talent top 38% All 9 signals ▾Growthtop 28% Techtop 33% Fundingtop 36% Talenttop 38% Innovationtop 45% Producttop 46% Newsbottom 42% Globalbottom 29% Marketbottom 28% Growth: Web rank 50,000,000 → 10,000,000 YoY · Fresh capital in last 24 mo Tech: 36 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 rank vs industry peers · Fliar Intelligence Index 60/100 | $23M | 8 mo ago | Series A | 103 | 2015 | — | — | 1 award |
| 36 | Sigo Seguros Provider of digital platform offering automobile insurance policies and related services 42Tech top 25%Funding top 31%Growth top 45%Product top 47% All 8 signals ▾Techtop 25% Fundingtop 31% Growthtop 45% Producttop 47% Talentbottom 49% Globalbottom 36% Marketbottom 27% Newsbottom 18% Tech: 47 technologies across 5/8 capability areas · Cloud: Amazon S3, Amazon Web Services Funding: Raised $22.7M across 6 rounds · 6 rounds over 7 yrs (0.9/yr) rank vs industry peers · Fliar Intelligence Index 42/100 | $23M | 22 mo ago | Series A | 18 | 2017 | — | — | — |
| 37 | Novella Provider of wholesale insurance brokerage services for commercial and specialty lines 55Funding top 34%Talent bottom 49%Global bottom 33% All 3 signals ▾Fundingtop 34% Talentbottom 49% Globalbottom 33% Funding: Raised $21.0M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) Talent: 1 named leader on record · 1 C-suite/founder profile curated rank vs industry peers · Fliar Intelligence Index 55/100 | $21M | 1 mo ago | Series B | — | 2024 | — | — | 1 expansion |
| 38 | Higginbotham Provider of independent insurance brokerage and risk management services 62News top 25%Growth top 27%Market top 42%Talent bottom 49% All 8 signals ▾Newstop 25% Growthtop 27% Markettop 42% Talentbottom 49% Techbottom 47% Fundingbottom 45% Partnersbottom 35% Globalbottom 32% News: 5 BI events in 12 mo (of 17 tracked, 3 types) · 3 high-value events (IPO/M&A/funding/contracts) in 12 mo Growth: 2 acquisition/expansion moves in 24 mo rank vs industry peers · Fliar Intelligence Index 62/100 | $19M | 26 mo ago | Unfunded | 2,500 | 1948 | 5 signals M&A · Leadership · Contracts | — | 1 expansion |
| 39 | Modern Life Provider of insurance advisory services 48Talent top 28%Growth top 35%Funding top 40%News top 44% All 8 signals ▾Talenttop 28% Growthtop 35% Fundingtop 40% Newstop 44% Techtop 50% Moatbottom 38% Globalbottom 37% Marketbottom 23% Talent: 3 named leaders on record · 3 C-suite/founder profiles curated Growth: Fresh capital in last 24 mo rank vs industry peers · Fliar Intelligence Index 48/100 | $15M | 6 mo ago | Series A | 28 | 2021 | — | — | — |
| 40 | Insurance Office of America Insurance solutions, risk management, and employee benefits for diverse industries 69Growth top 21%Fin. health top 31%Funding top 42%Tech top 42% All 7 signals ▾Growthtop 21% Fin. healthtop 31% Fundingtop 42% Techtop 42% Markettop 50% Globalbottom 37% Newsbottom 34% Growth: Revenue +934% YoY · Fresh capital in last 24 mo Fin. health: Revenue ~$5.4M · Revenue +934% YoY rank vs industry peers · Fliar Intelligence Index 69/100 | $11M | 8 mo ago | Series B | 1,329 | 1988 | — | — | 2 awards |
| 41 | CAC Group Provider of insurance brokerage and advisory services across various sectors 24Talent bottom 49%Funding bottom 44%Tech bottom 44%Growth bottom 35% All 5 signals ▾Talentbottom 49% Fundingbottom 44% Techbottom 44% Growthbottom 35% Globalbottom 25% Talent: 1 named leader on record · 1 C-suite/founder profile curated Funding: Raised $10.2M across 2 rounds · 2 rounds over 4 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 24/100 | $10M | 36 mo ago | Acquired | — | 1997 | — | — | — |
| 42 | Juno kids Provider of disability insurance services 13Talent bottom 49%Funding bottom 47%Tech bottom 45%Global bottom 32% All 5 signals ▾Talentbottom 49% Fundingbottom 47% Techbottom 45% Globalbottom 32% Marketbottom 16% Talent: 1 named leader on record · 1 C-suite/founder profile curated Funding: Raised $8.5M across 1 rounds · 1 rounds over 2 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 13/100 | $8M | 23 mo ago | Series A | — | 2018 | — | — | 1 award |
| 43 | XPT Wholesale insurance brokerage specializing in niche markets 64Growth top 13%Innovation top 20%Talent top 28%Product top 30% All 9 signals ▾Growthtop 13% Innovationtop 20% Talenttop 28% Producttop 30% Fundingbottom 48% Globalbottom 37% Marketbottom 36% Techbottom 32% Newsbottom 18% Growth: Headcount 83 → 203 (+145%) across vintages · Fresh capital in last 24 mo Innovation: 12 product lines rank vs industry peers · Fliar Intelligence Index 64/100 | $6M | 18 mo ago | Series B | 203 203 → 278 (+37%) · sector median +30% | 2017 | — | — | 1 job opening · 1 award |
| 44 | Liberty Company Provider of commercial, personal, and employee benefits insurance solutions 42Growth top 21%Tech top 41%Funding top 46%Moat bottom 49% All 8 signals ▾Growthtop 21% Techtop 41% Fundingtop 46% Moatbottom 49% Marketbottom 41% Patentsbottom 38% Globalbottom 37% Innovationbottom 27% Growth: Headcount 63 → 287 (+356%) across vintages · Fresh capital in last 24 mo Tech: 43 technologies across 4/8 capability areas · Cloud: Cloudflare rank vs industry peers · Fliar Intelligence Index 42/100 | $4M | 16 mo ago | Series A | 287 287 → 562 (+96%) · sector median +30% | 1987 | — | 8 patents Pipe handling and transport equipment for construction and infrastructure projects | — |
| 45 | Sertis Provider of property insurance brokerage services 13Talent bottom 49%Funding bottom 37%Global bottom 29%Market bottom 28% All 5 signals ▾Talentbottom 49% Fundingbottom 37% Globalbottom 29% Marketbottom 28% Newsbottom 22% Talent: 1 named leader on record · 1 C-suite/founder profile curated Funding: Raised $3.2M across 1 rounds · 1 rounds over 2 yrs (0.5/yr) rank vs industry peers · Fliar Intelligence Index 13/100 | $3M | 26 mo ago | Seed | 50 | 2022 | — | — | 1 job opening |
| 46 | Walnutrisk Comprehensive insurance solutions tailored for commercial, personal, and specific industry needs 13Funding bottom 44%Tech bottom 30%Global bottom 25% All 3 signals ▾Fundingbottom 44% Techbottom 30% Globalbottom 25% Funding: Raised $3.1M across 1 rounds · 1 rounds over 1 yrs (1.0/yr) Tech: 8 technologies across 2/8 capability areas · Security: Recaptcha rank vs industry peers · Fliar Intelligence Index 13/100 | $3M | 15 mo ago | Series A | 15 | 2013 | — | — | — |
| 47 | Protecdiv Diversified insurance brokerage firm 6Talent bottom 49%Funding bottom 40%Global bottom 30%Market bottom 10% All 4 signals ▾Talentbottom 49% Fundingbottom 40% Globalbottom 30% Marketbottom 10% Talent: 1 named leader on record · 1 C-suite/founder profile curated Funding: Raised $1.6M across 2 rounds · 2 rounds over 6 yrs (0.3/yr) rank vs industry peers · Fliar Intelligence Index 6/100 | $2M | 19 mo ago | Series A | 5 | 2018 | — | — | — |
| 48 | Piedmont Triad Insurance Provider of online casino games and mobile applications 32Innovation top 20%Product top 32%Growth top 45%Talent bottom 49% All 8 signals ▾Innovationtop 20% Producttop 32% Growthtop 45% Talentbottom 49% Fundingbottom 41% Techbottom 30% Globalbottom 25% Marketbottom 23% Innovation: 10 product lines Product: 10 distinct product lines · Company stage: Conventional Debt rank vs industry peers · Fliar Intelligence Index 32/100 | $1M | 21 mo ago | Funding Raised | 27 | 2007 | — | — | — |
| 49 | Beacon Title Agency Provider of title insurance and real estate transaction services 11Innovation top 40%Product top 46%Funding bottom 45%Talent bottom 45% All 7 signals ▾Innovationtop 40% Producttop 46% Fundingbottom 45% Talentbottom 45% Globalbottom 25% Techbottom 16% Marketbottom 11% Innovation: 2 product lines Product: 2 distinct product lines · Company stage: Series A rank vs industry peers · Fliar Intelligence Index 11/100 | $615K | 5 mo ago | Series A | 7 | 2007 | — | — | — |
| 50 | Marpai Provider of data analysis services leveraging AI aimed at healthcare sector 37Talent top 38%Tech top 47%Funding top 48%Market top 49% All 9 signals ▾Talenttop 38% Techtop 47% Fundingtop 48% Markettop 49% Globalbottom 36% Fin. healthbottom 36% Partnersbottom 35% Growthbottom 31% Newsbottom 23% Talent: 2 named leaders on record · 2 C-suite/founder profiles curated Tech: 35 technologies across 4/8 capability areas · Cloud: Amazon Ses, Amazon Web Services rank vs industry peers · Fliar Intelligence Index 37/100 | $200K | 8 mo ago | Public | 303 | 2019 | — | — | 1 expansion |
Top 12 Insurance Distribution companies in United States
#1
Series F · Eagan, Minnesota · founded 2017 · 1841 employees$2.3Braised▾
Provider of healthcare insurance plans for individuals. It offers medicare plans and insurance benefits for various healthcare services with benefits and savings, including dental and over-the-counter benefits. It also offers plans for doctor visit, dental and vision protection, hospitals treatment coverage, and more. Also offers insurance comparison guide devoted to health.
- Jan 2026Series F$317M
- Nov 2025Series F$48M
- Aug 2024Series E$112M
- Dec 2023Series E$175M
#2
Acquired · Kansas City, Missouri · founded 1966 · 10128 employees$600Mraised▾
Provider of risk management, insurance, and reinsurance brokerage services. The company offers detailed reviews and analysis of business operations and risk profiles. It delivers expertise in the insurance market. The company combines knowledge of the market with a global network.
- May 2026Conventional Debt$600M
#3
Acquired · Charlotte, North Carolina · founded 2001 · 7200 employees$214.5Mraised▾
Provider of property & casualty insurance services
- Apr 2026Series D$32.6M
- Oct 2025Series D$35.3M
- Apr 2025Series D$33.6M
- Oct 2024Series D$32.5M
#4
Series C · Wichita, Kansas · founded 1974 · 2703 employees$199.7Mraised▾
IMA Financial Group, Inc. is a diversified financial services company providing business, personal, specialty, wealth management related services
- May 2026Unattributed$4.1M
- Dec 2023Unattributed$11.3M
- Oct 2023Unattributed$15.3M
- Aug 2023Unattributed$100K
#5
Series E · Portland, Oregon · founded 1978 · 272 employees$310Mraised▾
Network of independent firms offering life insurance and financial services to high-net-worth individuals and businesses. It provides access to exclusive products and services developed through partnerships with leading insurance carriers. These offerings encompass life insurance, executive benefits, and wealth solutions. The network also offers support services, digital platforms, and professional development programs for its member firms and clients. Investment management services are provided, rooted in academic research and vetted by experts. The firm facilitates collaboration among member firms and partners to create tailored solutions.
#6
Acquired · Chicago, Illinois · founded 1998 · 17000 employees$5.6Braised▾
Provider of investment advisory, insurance distribution, and risk management services
- May 2025PE$1.6B
- May 2023PE—
- Nov 2018PE—
- May 2018Conventional Debt$3.8B
#7
Funding Raised · Traverse City, Michigan · founded 2018 · 2000 employees$550Mraised▾
Provider of independent insurance agency for liability, home, auto, personal, and business sectors
- Aug 2025Conventional Debt$550M
#8
Series B · New York, New York · founded 2024$21Mraised▾
Provider of wholesale insurance brokerage services for commercial and specialty lines. The company offers access to various markets for property, liability, and other commercial insurance products. It provides brokers with tools for submission tracking and quote management. The company focuses on assisting brokers in securing coverage for complex customer needs.
- May 2026Series B$21M
#9
Series B · Nashville, Tennessee · founded 2023$50Mraised▾
Indigo is an insurance company that provides medical professional liability insurance to physicians and groups. They offer rigorous defense and competitive rates, allowing physicians to focus on their patients rather than their insurance coverage. Indigo enables physicians to quickly get fully covered with easy access to quotes, coverage information, and support.
- Jan 2026Series B$50M
#10
Series F · Hartford, Connecticut · founded 1851 · 494 employees$1.2Braised▾
Provider of diversified insurance brokerage services
- Jan 2025Series F$200M
- Feb 2024Conventional Debt$250M
- Sep 2023Series E$130M
- Jan 2021Series D$100M
#11
Series C · Grand Rapids, Michigan · founded 2017 · 40 employees$33.2Mraised▾
Health insurance distributor
- Nov 2025Conventional Debt$20M
- Aug 2024Series C$17.9M
- Apr 2023Series B$8.4M
- May 2021Series B$14.2M
#12
Acquired · Los Angeles, California · founded 1977 · 2600 employees$175Mraised▾
Provider of health plans and related services. This entity offers health insurance plans for individuals, families, and businesses of all sizes, including Medi-Cal and Medicare plans. Additional services encompass behavioral health, pharmacy benefits, and support programs. The company also facilitates access to a provider network and offers various resources for members, including online tools and language assistance. They provide forms and brochures for various plan types and offer support for claims processing.
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of Insurance Distribution coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Insurtech is moving in the United States
A read on the academic research around Insurtech — which themes are gaining ground, the institutions and researchers driving them, and how the tone is shifting. Based on 22 United States-affiliated papers.
- New York Life Insurance Company2
- Film Independent2
- University of Management and Technology2
- AAA Foundation for Traffic Safety1
- Temple University1
- Conceptual model1
- Conceptual framework1
- Marketing1
- Knowledge management1
- Originality1
- Actuarial science2
- Telematics1
- Incentive1
- Poison control1
- Baseline (sea)1
- Position (finance)1
- Geopolitics1
- Insurance law1
- European union1
- Index (typography)1
Who's filing insurtech patents in the United States
United States insurtech patent filing is steady — 15 filings from 7 assignees (2018–2025), led by State FARM Mutual Automobile Ins, Grunfeld ERIC, Allstate Insurance; annual filings 1→1.
- State FARM Mutual Automobile Ins6
- Grunfeld ERIC5
- Allstate Insurance4
- Clover Health3
- Fiete Stephen2
- Cripe Frederick F2
- American Family Mutual Insurance1