Best InsurTech Companies in Singapore
The 97 best InsurTech companies in Singapore in 2026, ranked by funding and momentum. Funding, investors, founders, valuation, tech stack and live signals. Top: Bolttech.
Singapore's InsurTech sector has attracted $1.2B in disclosed funding across 97 tracked companies, and if you want to know where that capital concentrates, the answer is blunt: Bolttech alone accounts for $493M of it. That's not a rounding error, that's dominance. Singlife follows at $319M, Igloo at $100M, and the gap between the top three and the rest of the field is wide enough to matter. The global InsurTech market sat at roughly $16.6B in 2021 and is forecast to reach $165.4B by 2032, a 30.34% CAGR that reframes Singapore's tally from impressive to genuinely early. One unicorn in the mix confirms the sector's still consolidating.
What's driving the money? Digital insurance platforms and AI claims processing are the live themes right now, with players like Bolttech pushing embedded insurance partnerships that move product through non-insurance channels entirely. And agentic AI infrastructure is reshaping how carriers handle operations at scale. I'd note that regulatory pressure around data privacy and cyber risk is real here, and the companies that treat compliance as infrastructure rather than friction tend to be the ones worth watching. This directory ranks the best InsurTech companies in Singapore by disclosed equity funding and recent momentum, so you can cut straight to who's actually built something.
- ResearchAndMarkets.com
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 Singapore
| # | Company | Disclosed funding | Last round | Employees | Founder | Founded | Revenue | Recent signals |
|---|---|---|---|---|---|---|---|---|
| 1 | Bolttech 🦄 Platform connecting insurers, distributors, and customers for embedded insurance products 69Funding top 23%Global top 25%Moat top 26%Market top 35% All 12 signals ▾Fundingtop 23% Globaltop 25% Moattop 26% Markettop 35% Newstop 35% Innovationtop 37% Talenttop 37% Partnerstop 40% Growthtop 44% Techtop 45% Producttop 45% Fin. healthbottom 40% Funding: Raised $493M across 8 rounds · 8 rounds over 5 yrs (1.6/yr) Global: Serving 20 countries incl. Singapore, United States, Philippines · Legal entities in 5 countries: Germany, Singapore, Thailand, United Kingdom rank vs industry peers · Fliar Intelligence Index 69/100 | $493M | 12 mo ago | 1,500 | Rob Schimek Founder & CEO | 2020 | $3M FY2024 | 1 partnership · 1 award |
| 2 | Singlife Provider of an app-based life and health insurance platform | $319M | 31 mo ago | 92 | — | 2014 | — | 1 award |
| 3 | Igloo Provider of digital insurance solutions for businesses and consumers | $100M | 4 mo ago | 180 | Raunak Mehta Co-Founder & Co-CEO | 2016 | $42M FY2024 | 1 launch · 1 partnership |
| 4 | GoBear Comparison portal of financial products | $97M | 72 mo ago | 165 | — | 2014 | — | — |
| 5 | CXA Group Provider of an AI and cloud based benefits marketplace for employer insurance | $58M | 73 mo ago | 80 | Rosaline Chow Koo Founder and CEO | 2013 | $267K FY2021 | — |
| 6 | eBaoTech Software and cloud-based insurance suite | $36M | 160 mo ago | 863 | Andy Wang Co-Founder | 2000 | $39M FY2023 | — |
| 7 | Peak3 Provider of cloud-based insurance platform | $35M | 24 mo ago | — | Bill Song Co-Founder & CEO | 2018 | — | 1 launch |
| 8 | Active AI Provider of omnichannel conversational engagement solutions | $15M | 69 mo ago | 86 | Parikshit Paspulati Co-Founder & CTO | 2016 | $3M FY2023 | — |
| 9 | Mednefits Employee Benefits and wellness solution | $9M | 67 mo ago | 35 | Clarence Zhang Co-Founder & Director | 2015 | — | — |
| 10 | Uncharted Global SaaS-based solutions for insurance intermediaries | $6M | 75 mo ago | — | Nick Macey CEO | 2018 | — | — |
| 11 | Cyber Sierra Provider of an AI-enabled platform for enterprise-grade cybersecurity and compliance | $4M | 52 mo ago | 17 | Pramodh Rai Co-Founder | 2021 | $173K FY2023 | — |
| 12 | HeyBenny Online benefit management software provider | $3M | 35 mo ago | 4 | EthelKatrina Francisco Founder & CEO | 2017 | $1K FY2019 | — |
| 13 | Ancileo Provider of software-as-a-service solutions for the insurance value chain | $3M | 52 mo ago | 15 | — | 2015 | $1M FY2023 | — |
| 14 | Protos Labs Provider of AI-driven cyber risk management and insurance solutions | $2M | 32 mo ago | — | Joel Lee Co-Founder & CEO | 2021 | — | 1 launch |
| 15 | fidentiaX Online marketplace for tradable insurance policies | $2M | 102 mo ago | — | Alvin Ang Co-Founder & CEO | 2017 | — | — |
| 16 | PinBox Solutions Digital solution for micropension and microinsurance inclusion | $1M | 20 mo ago | 21 | — | 2016 | $186K FY2025 | — |
| 17 | CHOYS Provider of employee wellbeing platform integrating insurance, rewards, and engagement | $1M | 34 mo ago | 7 | — | 2022 | $860 FY2022 | — |
| 18 | Surer Insurance agency management software for insurers and insurance brokers | $1M | 56 mo ago | 10 | Derren Teo Co-Founder | 2017 | — | — |
| 19 | UexGlobal Mobile-first health insurance service providers marketplace | $983K | 99 mo ago | 61 | Clement Bouthelier Co-Founder | 2016 | — | — |
| 20 | Vouch P2P auto insurance platform | $757K | 100 mo ago | 6 | Yujun Chean Co-Founder & CEO | 2016 | — | — |
| 21 | Hearti Lab AI-based claim management crypto platform for insurers and banks | $208K | 65 mo ago | 40 | Chee Lim Co-Founder | 2015 | — | — |
| 22 | InsureVite Digital insurance solution | $75K | 77 mo ago | — | David Yeng Co-Founder & CEO | 2017 | — | — |
| 23 | AIDA Technologies AI-based insurance underwriting, lending, and banking solutions for the insurance industry | $35K | 86 mo ago | 36 | Geok Tan CEO | 2016 | — | — |
| 24 | Neutrinos Provider of hyper-automation platform for the insurance and financial services industries | — | 12 mo ago | — | Ramya Babu Co-Founder | 2015 | $342K FY2017 | — |
Top 12 InsurTech companies in Singapore
#1
Series B · Singapore, Singapore · founded 2016 · 180 employees$100Mraised▾
Provider of digital insurance solutions for businesses and consumers. The company offers a platform to create insurance products, expand digital reach, and optimise operations. It provides solutions for agency management, direct-to-consumer insurance, and partner sales. The company’s technology covers product configuration, policy management, claims, and finance reconciliation.
- Jan 2026Series B$5M
- Dec 2023Series B$36M
- Nov 2022Series B$27M
- Mar 2022Series B$19M
#2
Bolttech 🦄Series C · Singapore, Singapore · founded 2020 · 1500 employees$493.2Mraised▾
Platform connecting insurers, distributors, and customers for embedded insurance products. It offers coverage for mobile phone insurance, travel insurance, and more. It also offers claims and on-demand servicing. It also offers device repair and valuation services.
- Jun 2025Series C$47M
- Dec 2024Series C$100M
- Nov 2024Venture Debt$50M
- Sep 2023Series B$50M
#3
Acquired · Singapore, Singapore · founded 2014 · 92 employees$319Mraised▾
Provider of an app-based life and health insurance platform. It offers quotes for term life insurance, critical illness, death, terminal illness, cancer plans, and more. It also provides claims processing services. It offers wealth management services. It allows users to track insurance and control money spending. Its app is available on Android and iOS platforms.
- Nov 2023Series D$132.8M
- Aug 2021Series C$5.9M
- Jul 2019Series C$90M
- May 2019Series B$7.3M
#4
Series A · Singapore, Singapore · founded 2018$35Mraised▾
Provider of cloud-based insurance platform. It offers a cloud-native, insurance core and distribution system for life, health, and property and casualty insurance.
- Jun 2024Series A$35M
#5
Seed · Singapore, Singapore · founded 2016 · 21 employees$1.5Mraised▾
Digital solution for micropension and microinsurance inclusion. The platform offers a ready-to-deploy IT platform that provides multiple features such as issuing and managing individual DC micro pension accounts, pension, and financial inclusion ecosystem integration, real-time accounting of contributions and balances, real-time MIS, and process or TAT compliance monitoring, and more.
- Sep 2024Seed$991.5K
- Sep 2024Angel$95.8K
- Jul 2023Angel$48.4K
- Sep 2022Seed$261.8K
#6
Acquired · Singapore, Singapore · founded 2014 · 165 employees$97Mraised▾
GoBear offers a comparison platform for financial products such as credit cards, consumer loans, and more. It also offers a comparison for insurance and banking products, Robo advisors, brokers, and more. Comparisons are offered on the basis of credit scores.
- May 2020Series C$17M
- May 2019Series C$80M
#7
Deadpooled · Singapore, Singapore · founded 2013 · 80 employees$58Mraised▾
Connexions Asia (CXA) provides an AI-based benefits marketplace for employer insurance. It offers a platform for health insurance, HR management, employee benefits, and health & wellness plans. It provides an AI-based app for people to connect them with health & wellness products and services. It also features solutions for quoting, claim processing, payments, recommendations, and data insights.
- May 2020Series C—
- Mar 2019Series C$25M
- Feb 2017Series B$25M
- Feb 2014Series A$8M
#8
Seed · Singapore, Singapore · founded 2017 · 4 employees$3.5Mraised▾
Online benefit management software provider. The platform allows clients to provide discounts on yoga studios, nutritionists, chiropractors, travel packages, and more. It enables users to provide information on leaves and medical insurance. The mobile application is available on Google Play Store and Apple App Store. Monetizes through subscription-based pricing plans.
- Jul 2023Seed$2M
- Jun 2022Seed$1M
- Dec 2021Seed$500K
#9
Seed · Singapore · founded 2021$2.2Mraised▾
Provider of AI-driven cyber risk management and insurance solutions. It offers a platform for adaptive cyber risk management using patented risk quantification methodology and Agentic AI. This platform analyzes data from various sources to provide insights into cyber risks. Additionally, it provides cyber insurance with first-party and third-party coverages, including access to expert panels in case of breaches. The company also offers cyber risk advisory services led by cybersecurity specialists with insurance accreditation, assisting businesses in becoming insurable and improving cyber resilience. The holistic approach combines risk management tools with risk transfer through insurance.
- Oct 2023Seed$2.2M
#10
Acqui-Hired · Singapore · founded 2016 · 86 employees$14.8Mraised▾
Provider of omnichannel conversational engagement solutions. It empowers businesses to interact meaningfully with customers across commerce, marketing, and support channels. The platform facilitates seamless communication through various methods including call, chat, and text, all within a unified interface. It offers tools for managing and scaling click-to-chat advertisements, building conversational flows, and leveraging AI for personalized interactions. Robust security measures protect data and customer privacy. Solutions are tailored to various industry sectors.
- Sep 2020Series A—
- Jun 2019Series A$3M
- Nov 2017Series A$8.2M
- Mar 2017Series A—
#11
Late Stage · Singapore, Singapore · founded 2000 · 863 employees$36Mraised▾
Software and cloud-based insurance suite. It is a software development firm offering solutions to insurers and other insurance system players. It is an open API platform to provide connectivity and enablement for insurers, traditional channels, affinity partners, and fintech startups. It includes system suites for life, general, health insurers and re-insurers.
- Feb 2013PE$36M
#12
Seed · Singapore, Singapore · founded 2022 · 7 employees$1.1Mraised▾
Provider of employee wellbeing platform integrating insurance, rewards, and engagement. The platform offers tools for physical and mental wellbeing through challenges and gamification. It facilitates community building through interactions and provides recognition and rewards. The platform also offers group medical, outpatient, and dental insurance options. It includes an employee app and an employer portal with analytics.
- Aug 2023Seed$1.1M
- 2022Seed—
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 flat
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.