Financial Services
AI Insurance Underwriting & Pricing
AI has rapidly become the dominant investment theme in insurtech, with AI-focused startups capturing a record 95.2% of all insurtech funding in Q1 2026 as total sector funding reached $1.63 billion, the best two-quarter run since Q3 2022; 86% of insurance organizations plan to increase AI spending in 2026, with the strongest funding rounds tied directly to underwriting, claims, servicing, distribution or policy administration. Leading players span underwriting workflow automation (Sixfold, whose AI Underwriter enables straight-through quoting and binding for carriers representing $270 billion in combined premium) and actuarial pricing/reserving (Akur8, serving 330+ insurers across 40 countries), alongside AI-native carriers like Corgi, which raised $108 million after winning regulatory approval to underwrite startup-focused policies directly.
Sources
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Evidence
1 source · 46% avg. source confidence
- Insurance Business Magazine / Gallagher Re — AI captures record 95.2% of insurtech funding in Q1 202646% source confidence
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The Story So Far
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AI Insurance Underwriting & Pricing's Timeline
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2026-Q1 · AI captures 95.2% of insurtech funding
AI-focused startups captured a record 95.2% of all insurtech funding in Q1 2026, with all ten of the quarter's biggest deals going to AI-focused firms, as total insurtech funding reached $1.63 billion -- the sector's best two-quarter run since Q3 2022.