Best InsurTech Companies in New Jersey, United States
The 74 best InsurTech companies in New Jersey, United States in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Clover Health.
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 New Jersey
| # | Company | Disclosed funding | Last round | Stage | Founder | Founded | Tech stack | Patents & IP focus | Recent signals |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Clover Health 🦄 Provider of medicare advantage plans and related services | $938M | 88 mo ago | Series E | Vivek Garipalli Co-Founder | 2014 | DrupalApple iCloud MailPHP+27 | — | — |
| 2 | SageSure 🦄 Online property comparison platform for individuals and businesses 82Tech top 15%Funding top 20%Product top 21%Moat top 26% All 10 signals ▾Techtop 15% Fundingtop 20% Producttop 21% Moattop 26% Growthtop 30% Innovationtop 33% Markettop 34% Newstop 38% Talentbottom 48% Globalbottom 32% Tech: 51 technologies across 6/8 capability areas · Cloud: Amazon Cloudfront, Amazon Ses Funding: Raised $250M across 4 rounds · 4 rounds over 5 yrs (0.8/yr) rank vs industry peers · Fliar Intelligence Index 82/100 | $250M | 13 mo ago | Series D | Brooks Clark Co-Founder & Chief Underwriting Officer | 2006 | WordPressApple iCloud MailMicrosoft 365+30 | — | 1 launch · 1 expansion · 2 awards |
| 3 | Insight Catastrophe Group Software for property insurers | $20M | 52 mo ago | Series B | Terrence McLean CEO & President | 2005 | — | 6 patents Software platforms for dynamic insurance risk scoring and configurable quote generation | — |
| 4 | FastTrack Intelligent automation solutions for life and disability insurance claims processing | $15M | 14 mo ago | Funding Raised | Thomas Capato CEO & Cofounder | 2012 | — | — | — |
| 5 | Avibra App-based life insurance platform for consumers | $14M | 21 mo ago | Series B | Yogesh Shetty Founder & CEO | 2015 | Facebook LoginBootstrapReact+21 | — | — |
| 6 | Premier Healthcare Exchange Health insurance claims, network and payment management software | $12M | 146 mo ago | Acquired | — | 2001 | — | — | — |
| 7 | Claim Genius AI-based claims management platform for auto insurance industry | $11M | 56 mo ago | Series A | Raj Pofale Founder & CEO | 2017 | WordPress Block EditorwpBakeryWordPress+34 | 2 patents AI-powered document question answering and automated external vehicle damage assessment | — |
| 8 | Plum Life Customer relationship management solutions for the insurance industry | $8M | 51 mo ago | Acquired | — | 2020 | TypeScriptGoogle MapsVimeo+20 | — | — |
| 9 | Swyfft Insurance for home and property | $8M | 113 mo ago | Series A | — | 2014 | Microsoft ASP.NETBootstrapReact Router+18 | 2 patents Estimating hail‑storm economic losses for insurance underwriting and claims. | 1 partnership |
| 10 | Mirror Visual collaboration platform for claims, risk, and service solutions | $3M | 110 mo ago | Seed | — | 2014 | Master SliderSlider RevolutionWordPress+17 | — | — |
| 11 | Certrax Cloud-based 3rd party risk management solution | $1M | 121 mo ago | Seed | Brian OKeefe Co-Founder & CEO | 2011 | — | — | — |
| 12 | ExtraordinaryRe Trading platform for insurance liabilities | $1M | 94 mo ago | Seed | — | 2012 | — | — | — |
| 13 | myHINT Provider of a platform for health awareness and wellness | $717K | 171 mo ago | Seed | Balaji Jayaraman Co-Founder | 2009 | — | — | — |
| 14 | Maple Tech Cloud-based solution for P&C insurance administration | $147K | 74 mo ago | Funding Raised | Matthew Blackley President & CEO | 2001 | — | — | — |
| 15 | World Insurance Associates Diversified insurance solutions | — | 34 mo ago | Acquired | Rich Eknoian Chief Executive Officer | 2011 | HubSpot CMS HubApple iCloud MailMicrosoft 365+26 | — | — |
| 16 | Verisk Provider of risk assessment, analytics, and data solutions for insurance | — | 34 mo ago | Public | Lee Shavel CEO | 1971 | SitecoreApple iCloud MailTypeScript+29 | — | 2 awards |
Top 12 InsurTech companies in New Jersey
#1
SageSure 🦄Series D · Jersey City, New Jersey · founded 2006 · 600 employees$250Mraised▾
Online property comparison platform for individuals and businesses. It offers solutions for residential & commercial property insurance. Its insurance partners including SafePort Insurance Company, Wilshire Insurance Company, TransGuard Insurance Company of America, and more. It also offers claim assistance solutions for users.
- May 2025Series D$70M
- May 2023Series D$250M
- Feb 2022Conventional Debt$375M
- Sep 2021Conventional Debt$125M
#2
Funding Raised · Bedminster, New Jersey · founded 2012 · 112 employees$15Mraised▾
Intelligent automation solutions for life and disability insurance claims processing. The company provides intelligent technology solutions for the life and disability insurance vertical. It digitizes and automates the claims journey, from intake to adjudication, improving claim handle time. The company helps insurers free up valuable human resources to focus on improving customer experience and making informed claim decisions. Its technology suite empowers insurers to triage claims, vet risk management options, save on interest expenses, create straight-through processing opportunities, leverage data via online portals, and create digital claimant profiles to achieve informed, consistent, repeatable, defensible, and objective claim decisions. The company utilizes next-gen robotics (RPA), intelligent barcoding/OCR, machine learning (ML), and digitization. It offers cloud-based technology with real-time API integration solutions and an online document submission portal.
- Mar 2025Conventional Debt$15M
#3
Series B · Iselin, New Jersey · founded 2015 · 9 employees$13.6Mraised▾
Avibra provides an app-based life insurance platform for consumers. It offers an AI-based personal assistant named Arya which tracks everyday habits of the users with the help of digital footprints. It enables users to earn better life insurance coverage with the help of positive habits. The app is available for Android and iOS devices.
- Sep 2024Series B$3.2M
- Apr 2021Series B$7.2M
- Nov 2019Series A$3.2M
#4
Series E · Jersey City, New Jersey · founded 2014 · 562 employees$938Mraised▾
Provider of medicare advantage plans and related services. It offers various plans, including PPO and HMO options, providing coverage for prescription drugs, doctor visits, and supplemental benefits such as dental, vision, and hearing care. Members have access to online tools to manage their plans, search for in-network providers, and check drug coverage. The company also offers resources and support for providers and agents involved in the medicare advantage market. Services include a provider portal, agent tools, and educational materials about medicare.
- Jan 2019Series E$500M
- May 2017Series D$130M
- May 2016Series C$160M
- Dec 2015Series B$35M
#5
Series B · Jersey City, New Jersey · founded 2005 · 353 employees$20Mraised▾
Insight Catastrophe Group provides web-based solutions for property insurers. It features solutions for policy management & processing, risk management, portfolio management, and online quoting. It offers Insight Analytics Cloud for underwriting and risk assessment solutions.
- Feb 2022Series B$20M
#6
Series A · Iselin, New Jersey · founded 2017 · 112 employees$10.6Mraised▾
AI-based claims management platform for the auto insurance industry. It uses computer vision and deep machine learning technologies to provide first notice of loss, repair estimate, salvage bid & parts analysis. It also provides a mobile app for claims and a customizable API for integration with client's systems.
- Oct 2021Series A$6.1M
- Jul 2020Series A$2.2M
- 2018Seed$2.3M
#7
Acquired · Warren, New Jersey · founded 2020 · 33 employees$7.8Mraised▾
Life insurance policy sell and customer relationship management solutions for the insurance industry. It offers a life insurance policy to sell, insurance administrations, insurance quoting, and more. It also offers business management solutions.
- Mar 2022Seed$5.3M
- Oct 2021Seed$2.5M
#8
Acquired · Bedminster, New Jersey · founded 2001 · 320 employees$11.7Mraised▾
PHX combines claim processing automation with professional services to deliver a centralized approach to cost management. PHX services include data analytics, benchmarking, predictive modeling, PPO network management, out-of-network negotiations, claims to edit, and clinical bill review and audit. The firm’s solutions are used by the industry’s leading insurance companies. Through its Pay-Plus Solutions (PPS) division, the company delivers electronic payments and explanation of payments to healthcare providers. The platform is designed for healthcare that combines banking functions, claim payments, and claim remittance and integrates with traditional paper processes.
- Apr 2014Unattributed$7.4M
- Sep 2010Seed$4M
#9
Series A · Morristown, New Jersey · founded 2014 · 91 employees$7.5Mraised▾
Swyfft uses patented analytical methods and unique data sources to assess the risks to home and property. It runs its primary business via its network of independent insurance agents and brokers. Uses proprietary analytics and artificial intelligence (AI) to ‘tech-enable’ independent agents by allowing them to get a bindable homeowner’s quote in seconds requiring only a home address. Its analytics model uses information gathered from LIDAR (light detection and ranging data), which uses lasers to remotely sense and generate 3D information about the natural and human-made environments in a specific area. Its policy is backed by National Specialty Insurance Company (NSIC).
- Jan 2017Series A$7.5M
#10
Seed · Princeton, New Jersey · founded 2014 · 9 employees$2.7Mraised▾
Visual collaboration platform for claims, risk, and service solutions. They provide a Software-as-a-Service (SaaS) platform that enables businesses to capture visual evidence, quantify risk, and deliver instant support remotely. Their app-free mobile web interactions simplify the virtual customer experience, offering a seamless and secure way to engage users on iOS and Android. The platform integrates with IVR systems and web portals, providing scalable photo-video capture and live video capabilities. They streamline claims, risk assessment, and technical support processes, delivering operational efficiencies across various lines of business. The platform offers programmable visual surveys to automate data capture and provide self-service options. They are ready for Guidewire, enhancing customer service for insurance carriers through remote damage claim inspections using Web Vision tools. This is a B2B tech company.
- Apr 2017Seed$675K
- Jun 2014Seed$2M
- Jun 2014Seed$1.7M
#11
Seed · Princeton, New Jersey · founded 2012 · 7 employees$1.1Mraised▾
ExtraordinaryRe is a platform for daily trading of insurance liabilities. It offers access to a new asset class with positive alpha and low correlation for traders. For reinsurance, it provides ability to transfer a full range of riskclasses to capital markets investors. It offers access to the capital markets for risks that are not supported by actuarial models.
- Aug 2018PE$1M
- Apr 2013Seed$141K
#12
Seed · Iselin, New Jersey · founded 2011 · 11 employees$1.4Mraised▾
Certrax Risk Compliance Solution provides cloud-based third-party risk management solution for enterprises to manage their operational risks, reduce costs and ensure compliance. The product offers conflict of interest (COI) compliance management, contract management, advanced intelligent compliance engine, project management and government compliance solution (Pertrax). It provides users with real-time picture of compliance so that the enterprises will know where their actual risk lies and can take steps to mitigate these risks.
- Apr 2016Seed—
- Jan 2016Seed$1.4M
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 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
Common questions
Rohit lives in the feed. He covers what's moving right now — the funding rounds, launches and shifts breaking across the trade press — and ties them back to where the sector is heading.