14 companies building the ML underwriting, claims intelligence, and risk distribution infrastructure that European insurance is moving toward.
Invested 2020
Fraud detection and claims decisioning platform built on ML models that learn continuously from claim patterns rather than static rules. Shift's approach allows the system to adapt as fraud tactics evolve — something a rules engine cannot do without manual intervention at each iteration.
Invested 2020
Computer vision platform that automates damage assessment for automotive and property claims. Tractable's visual AI can assess repair costs from photos in seconds, compressing multi-day claims cycles.
Invested 2020
Real-time pricing engine for commercial fleet and drone insurance. Flock uses live data feeds to price risk by the flight or journey, enabling usage-based commercial cover that incumbent actuarial models cannot produce.
Invested 2021
Usage-based insurance platform for professional drivers and commercial fleets. Zego underwrites risk by the mile, enabling gig economy workers to pay proportionally and commercial operators to align premium to actual exposure.
Invested 2021
API-first embedded insurance platform enabling non-insurance brands to offer relevant cover at the point of sale. Penni handles carrier connectivity, regulatory compliance, and claims routing for distribution partners.
Invested 2021
Digital insurance broker and MGA focused on small business. Superscript uses risk models trained on SME business data to underwrite commercial policies that traditional markets underprice or refuse to write.
Invested 2022
Full-stack digital insurance platform serving European markets. Wefox combines distribution, underwriting, and claims management into a single technology layer, enabling insurance products to be embedded into any digital customer journey.
Invested 2022
Parametric insurance platform for climate and natural catastrophe risk. Descartes uses satellite data and climate models to trigger payouts automatically when indexed thresholds are breached, removing the loss-adjustment bottleneck entirely.
Invested 2023
Fully licensed insurance carrier operating as a platform API. Wakam provides white-label insurance capacity via API, enabling insurtechs and digital distributors to embed genuine insurance products without building a carrier from scratch.
Invested 2023
AI underwriting platform for commercial and specialty lines. Cytora ingests structured and unstructured risk data from multiple sources to produce risk assessments and pricing recommendations for commercial underwriters.
Invested 2024
Claims automation platform that processes low-complexity claims from FNOL through to payment settlement without human intervention. Sprout integrates with existing claims management systems to handle the high-volume, routine claims that occupy the majority of claims handler capacity — freeing adjusters to focus on the complex cases where human judgment is actually required.
Invested 2024
Insurance carrier built entirely on ML underwriting and behavioural economics, offering renters, home, pet, and life insurance via mobile. Lemonade's claims model processes qualifying cases in under three seconds at FNOL — a decision latency no legacy claims handling system can approach.
Invested 2025
Pan-European embedded insurance infrastructure provider. Qover's platform enables digital brands to integrate insurance products across 32 countries via a single API, with Qover handling all regulatory, carrier, and claims infrastructure.
Invested 2026
Supply chain risk intelligence and insurance platform built on real-time signal monitoring. Anansi prices cargo, trade credit, and business interruption risk from live supply chain data — a granularity of risk assessment that aggregate loss tables cannot replicate, and a line of cover where ML underwriting is still largely underdeveloped.