Best InsurTech Companies in Australia
The 154 best InsurTech companies in Australia in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Honey Insurance.
Australia's InsurTech sector has 154 companies chasing a global market projected to grow from $16.6B to roughly $165.4B by 2032, a 30%-plus CAGR that makes the local funding pool look modest by comparison. Total disclosed funding across those 154 firms sits at $474M, no unicorns yet. But the distribution tells you something real: Honey Insurance alone has pulled in $120M, dwarfing almost everything else on the list, with Earnd at $61M the only other name in the same conversation. The remaining top filers, reask, Upcover, Handdii, and Block Builder, are all sub-$10M. So the headline total flatters the field a little.
What's actually driving momentum here is AI claims processing and digital insurance platforms, and I'd watch both closely given that cyber threats and data privacy pressures are forcing insurers to modernise faster than they'd like. Investors including AirTree and Antler are still writing early-stage cheques, which keeps the pipeline moving even when big rounds are scarce. The honest picture is a market with one clear revenue outlier, a long tail of underfunded startups, and a structural tailwind that makes the gap between where this sector is and where it could be genuinely interesting.
- Top Insurtech Companies
Our analysis of 50 InsurTech companies
$13.8b in tracked funding; 100% of the stack-profiled cohort runs cloud-native; funding activity peaked in 2025.
Ranked: Best InsurTech companies in Australia
| # | Company | Disclosed funding | Last round | Employees | Founder | Tech stack | Web popularity | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Honey Insurance Online property insurance platform for homeowners, renters and landlords 29Tech top 29%Moat top 29%Funding top 40%Talent bottom 49% All 10 signals ▾Techtop 29% Moattop 29% Fundingtop 40% Talentbottom 49% Productbottom 48% Marketbottom 39% Globalbottom 36% Growthbottom 32% Newsbottom 27% Customersbottom 22% Tech: 48 technologies across 5/8 capability areas · Cloud: Amazon Cloudfront, Amazon S3 Moat: Editorial + unicorn rating 7/10 · 1 curated direct competitors tracked rank vs industry peers · Fliar Intelligence Index 29/100 | $120M | 26 mo ago | 59 | Richard Joffe Founder & CEO | SentryApple iCloud MailFroala Editor+30 | Top 5M | — |
| 2 | BizCover Quote comparison platform for business insurance | $89M | 76 mo ago | 200 | Bradley Miller Co-Founder | WordPressMySQLPHP+43 | Top 1M | 1 job opening · 2 partnerships · 1 expansion |
| 3 | Earnd Financial wellness program for employees 37Funding top 37%Product top 42%Market top 50%Customers bottom 44% All 6 signals ▾Fundingtop 37% Producttop 42% Markettop 50% Customersbottom 44% Globalbottom 36% Newsbottom 27% Funding: Raised $60.6M across 2 rounds · 2 rounds over 7 yrs (0.3/yr) Product: 1 published app (60.4k installs) · Company stage: Acquired rank vs industry peers · Fliar Intelligence Index 37/100 | $61M | 50 mo ago | 60 | — | — | — | — |
| 4 | Open AI-based software suite for the insurance industry | $53M | 57 mo ago | 134 | — | WebflowApple iCloud MailGoogle Workspace+21 | Top 10M | — |
| 5 | health.com.au Internet-first health insurance provider | $36M | 180 mo ago | 41 | — | — | — | — |
| 6 | iSelect Financial products aggregator | $30M | 183 mo ago | 300 | — | WordPress Block EditorWordPressGetFeedback+38 | Top 500k | 5 job openings |
| 7 | Huddle Online insurance platform offering quotes, online policy management, and claims processing | $28M | 70 mo ago | — | Jason Wilby Co-Founder | WebflowBootstrapAmazon Web Services+20 | Top 5M | — |
| 8 | Avoka Digital sales enablement and manage customer facing business transactions | $12M | 102 mo ago | 270 | — | — | — | — |
| 9 | Flamingo AI-based customer support chatbots and virtual assistance solutions for the insurance industry | $8M | 102 mo ago | 17 | — | — | — | — |
| 10 | reask Risk management solutions for insurers 60Talent top 28%AI top 30%Innovation top 32%Growth top 35% All 11 signals ▾Talenttop 28% AItop 30% Innovationtop 32% Growthtop 35% Techtop 43% Producttop 43% Fundingtop 46% Moattop 48% Globalbottom 36% Marketbottom 23% Newsbottom 18% Talent: 4 named leaders on record · 3 C-suite/founder profiles curated AI: Classified as an AI company · Product described with: ai-based rank vs industry peers · Fliar Intelligence Index 60/100 | $7M | 15 mo ago | 17 | Eugene Dubossarsky Co-Founder | WordPress Block EditorElementorWordPress+24 | Top 50M | — |
| 11 | Handdii Claim assessment & property repair platform | $4M | 25 mo ago | 18 | Christie Downs Chief Executive Officer | Wix eCommerceWixSentry+13 | Top 50M | — |
| 12 | Block Builder Provider of SaaS-enbaled solutions for real estate professionals | $4M | 30 mo ago | — | Mark Macduffie Co-Founder & CEO | — | — | 1 partnership · 1 award |
| 13 | Kanopi Software suite for the insurance industry | $4M | 60 mo ago | 14 | Nigel Fellowes-Freeman Founder & CEO | WordPressApple iCloud MailGoogle Workspace+31 | Top 50M | — |
| 14 | Precision Autonomy Drone inspection solutions for insurers | $4M | 74 mo ago | 12 | Mark Halverson Co-Founder & CEO | TypeScriptZone.jsAngular+12 | Top 50M | — |
| 15 | Upcover Online comparison platform for business insurance 37Tech top 28%Talent top 38%Moat top 48%Funding top 49% All 10 signals ▾Techtop 28% Talenttop 38% Moattop 48% Fundingtop 49% Innovationbottom 46% Productbottom 45% Growthbottom 40% Marketbottom 36% Globalbottom 29% Newsbottom 21% Tech: 48 technologies across 5/8 capability areas · Cloud: Amazon Web Services, Cloudflare Talent: 2 named leaders on record · 2 C-suite/founder profiles curated rank vs industry peers · Fliar Intelligence Index 37/100 | $3M | 16 mo ago | — | Skye Theodorou Co-Founder & CEO | Node.jsFirebaseJSS+36 | Top 5M | — |
| 16 | Nod Provider of insurance data management platform | $2M | 90 mo ago | 12 | Joel Robbie Co-Founder & CEO | — | — | — |
| 17 | AuditCover Online tax audit insurance platform for individuals and businesses | $2M | 50 mo ago | 12 | — | SentrySalesforceTailwind CSS+8 | Top 50M | 1 award |
| 18 | Hillridge Provider of AI-based crop insurance platform for farmers | $2M | 45 mo ago | 12 | Dale Schilling Co-Founder & CEO | — | — | — |
| 19 | Mozo Comparison platform for financial products with crowd soured data serving as reference | $1M | — | 46 | — | SentryRubyRuby on Rails+27 | Top 1M | — |
| 20 | Butter Insurance SaaS-based insurance platform offering diversified insurance products | $1M | 28 mo ago | 5 | Steph Skevington Co-Founder | WebflowAmazon Web ServicesGSAP+24 | Top 10M | — |
| 21 | KOBA Insurance Online platform offering usage-based auto insurance | $1M | 46 mo ago | 14 | Andrew Wong Founder | — | — | — |
| 22 | Zemble Cloud-based platform for stakeholder management | $883K | 73 mo ago | 8 | — | — | — | — |
| 23 | smile.com.au Provider of dental health insurance coverage solutions for consumers | $791K | — | — | Dion Kramer Founder & CEO | Google MapstoastrTikTok Pixel+22 | Top 500k | — |
| 24 | ExtrasJar Provider of healthcare card to pay for their healthcare extras for users | $600K | 45 mo ago | 4 | John Connor Co-Founder | — | — | — |
| 25 | Sync Technologies SaaS-driven site management software for construction | $590K | 59 mo ago | 7 | Carolina Dreifuss CEO | Co-founder | Webflow EcommerceWebflowAmazon Web Services+14 | Top 50M | — |
Top 12 InsurTech companies in Australia
#1
Seed · Sydney, New South Wales · founded 2018 · 17 employees$6.5Mraised▾
Risk management solutions for insurers. It offers an AI-based solution that enables institutions to mitigate climate risks. Its features include real-time event response, monitoring of global climate, and more. Its products include ForeCyc for short-term probabilistic tracking of the forecast, HindCyc for post-landfall event response, and more. It enables insurers to understand its exposure to catastrophic events.
- Mar 2025Seed$4M
- Jun 2023Seed$4.6M
- Jan 2022Seed—
#2
Series A · Sydney, New South Wales · founded 2019$2.8Mraised▾
Online comparison platform for business insurance. It offers solutions for products liability insurance, professional indemnity insurance, property damage, and more. It offers solutions for small businesses, startups & freelancers, online businesses & associations, and more. It also offers claims assistance solutions.
- Feb 2025Conventional Debt$8M
- Feb 2025Series A$11M
- Jul 2022Conventional Debt$2M
- Jul 2022Seed$2.7M
#3
Series A · Sydney, New South Wales · founded 2016 · 59 employees$119.9Mraised▾
Online property insurance platform for homeowners, renters and landlords. It offers coverage for natural disaster damage, Rebuilding, damage to equipment, theft or vandalism, temporary accommodation, liability & legal protection, and more. It offers protection of contents from unpredictable weather and the impacts of cyclones, floods, storms and bushfires.
- Apr 2024Series A$108M
- Jun 2021Seed$11.9M
#4
Series A · Melbourne, Victoria · founded 2017 · 18 employees$4.5Mraised▾
Handdii provides repairs and restoration platform for property insurance. It facilitates claim processing by accessing the property and installing the repairs.
- May 2024Series A—
- Jun 2021Seed$3M
- Aug 2019Seed$1.5M
#5
Acquired · Sydney, New South Wales · founded 2018 · 60 employees$60.6Mraised▾
Earnd is a financial wellness program for employees. The solution allows users to set their salary schedule and access earned pay when they need it. The amount is transferred to the employee's bank account and automatically deducted from the payroll. It can be integrated with the existing payroll system of the employer.
- Apr 2022Series C$58.1M
- Mar 2019Seed$2.5M
#6
Series A · Sydney, New South Wales · founded 2019$4Mraised▾
Provider of SaaS-enbaled solutions for real estate professionals. The company develops white-label solutions for real estate brokers, insurance professionals, developers, and property managers. It includes digital property for finance management, data visualization and reporting systems, productivity tools for property developers and agents.
- Dec 2023Series A$4M
#7
Series B · Sydney, New South Wales · founded 2016 · 134 employees$53Mraised▾
AI-based software suite for the insurance industry. It offers agency management software for brokers, AI-based point of the sales platform for brands, and administration, compliance, and distribution for insurers. It also offers instant claims platform for policyholders to submit claims online. It also offers policy management solutions for policyholders.
- Aug 2021Series B$31M
- Aug 2020Series A$3.1M
#8
Seed · Sydney, New South Wales · founded 2021 · 5 employees$1.3Mraised▾
SaaS-based insurance platform offering diversified insurance products. It enables users to insure their phones, laptop, jewelry, and bike. It also offers an app that allows users to view and manage policies, track claims and update payments under one dashboard.
- Feb 2024Grant (prize money)$260.1K
- Dec 2022Seed$1.3M
#9
Series C · Surry Hills, New South Wales · founded 2008 · 200 employees$88.6Mraised▾
BizCover is an online quote comparison platform for small business. It offers insurance quotes for Professional Indemnity, Public Liability, Management Liability, Cyber Liability from over 9 insurance carriers.
- Feb 2020Series C$88.6M
#10
Series A · Sydney, New South Wales · founded 2016$28.4Mraised▾
Online insurance platform offering quotes, online policy management, and claims processing. It offers online services for buying, managing, and claiming insurance. It provides quotes and support, to make insurance accessible for customers.
- Aug 2020Series A$3.1M
- Nov 2018Series A$19.2M
- Jun 2016Angel$6M
#11
Acquired · Melbourne, Victoria · founded 2011 · 41 employees$36Mraised▾
health.com.au is an internet-first health insurance startup that provides health insurance to individual consumers in Australia. The company allows consumers to file claims online without sending any receipts, verifying the authenticity of the claim afterward.
- 2011Seed$3.6M
- Series A$5M
#12
Public · Cheltenham, Victoria · founded 1999 · 300 employees$30.2Mraised▾
iSelect is an online aggregator of financial products. Offers comparison services for health and life insurance, car insurance, home insurance, travel insurance, credit cards and home loans. Users enter the required details on the platform and an advisor contacts for providing assistance. The advisor helps the users to choose from the multiple products provided by service providers. Also provides the comparison of utility services including electricity, gas, broadband and mobile phone plans.
- Mar 2011PE$30.2M
Funding & investor landscape
Notable founders
Market landscape — 10 sub-themes by coverage
Share of InsurTech coverage by sub-theme.
Regulatory-risk over time rising
Funding & growth over time
funding rising · growth rising
How research on Insurtech is moving in Australia
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 7 Australia-affiliated papers.
- Department of Commerce2
- Monash University1
- James Cook University1
- RMIT Vietnam1
- Macquarie University1
- Willingness to pay1
- Health care1
- Contingent valuation1
- Payment1
- Self-insurance1
- Corporate governance1
- Digitization1
- Intermediation1
- Hierarchy1
- Set (abstract data type)1
Common questions
Riya reads income statements for fun. She covers the real money in a sector — revenue, growth, who actually earns — and never met a vague claim she didn't want a number for.