Vaulation : US $ 3.5bn

Vaulation : US $ 4bn

Indian insurtech Digit Insurance was founded in 2017 by former KPMG executive Kamesh Goyal . Its seismic growth has seen it accumulate a valuation of US $ 3.5bn in just five years , raising more than US $ 100mn during 2022 to take its total fundraising past US $ 585mn . It is now reportedly planning an IPO to raise an estimated US $ 440mn in fresh capital . Digit provides auto , travel and health insurance cover to a growing demographic of previously uninsured Indian customers .

Next Insurance is a US insurtech player that provides insurance for small and medium-sized enterprises ( SMEs ). Launched in 2015 by Israeli entrepreneurs Nissim Tapiro , Guy Goldstein , and Alon Huri , Next offers everything from professional liability to cover for tools and equipment . The company made headlines in 2021 after partnering with Amazon for Business and providing vendors with cover for their retail activities through the Amazon platform . It currently has around 200,000 customers and more than 700 employees .

76 November 2022