Federato named to the CB Insights 2026 Insurtech 50

Federato recognized for its AI-native core system that runs the full insurance policy lifecycle, from submission through renewal

SAN FRANCISCO, September 24, 2026 – CB Insights today named Federato to its fifth annual Insurtech 50, showcasing the 50 most promising insurtech startups in the world.

"The 2026 Insurtech 50 reveals the top startups shaking up the insurance industry’s status quo," said Chris Sekerak, Lead Analyst at CB Insights. "The common thread across the cohort is the ability to scale differentiated businesses that are unlikely to be displaced by large AI or insurance companies."

“Being named to the CB Insights Insurtech 50 is further recognition of Federato as the first serious, transformative alternative to outdated core systems,” said Will Ross, co-founder and CEO of Federato.

The list includes 27 insurers and intermediaries, and 23 tech vendors. CB Insights’ research team selected winning companies based on its proprietary datasets, including deal activity, industry partnerships, team strength, investor strength, executive interviews, and proprietary metrics.

Federato is the only AI-native core system that spans the full policy lifecycle, changing the way insurance work gets done. Where most vendors have added AI as a layer on top of legacy core systems, Federato was built around AI from the ground up, giving carriers and MGAs a single system for underwriting, policy, billing, and claims.

Quick facts on the 2026 Insurtech 50

• Raised $3.0B in equity funding over time, including more than $0.8B in 2026 so far (16% of YTD insurtech funding).
• Disclosed 70+ partnerships since 2025, including with industry leaders like ADP, Marsh, and Sun Life.
• Includes 31 early-stage startups, 14 of which are at the seed stage.
• Employs 5,400+ people, with a median headcount of 52 across the cohort.
• Ranks among the top 4% of private companies globally for overall health and growth potential.

About CB Insights

CB Insights spots winners in emerging tech. Since 2008, we’ve ranked and rated the private companies reshaping their industries, drawing on proprietary interviews with operators and deep, validated intelligence on over 12 million companies. We give decision-makers an edge by enriching their AI agents with a complete map of technology markets, nonpublic data, and expert judgment. Six of the Mag 7 and 26 of the 30 largest banks rely on CB Insights to build conviction in their next investment, acquisition, partner, or customer.

Learn more at www.cbinsights.com.

Contact: Media@cbinsights.com

About Federato

Federato is the only AI-native core system that spans the full policy lifecycle and changes the way insurance work gets done. It replaces legacy policy administration systems with AI capabilities built into insurers’ workflows, not bolted on. Its proven agentic AI conducts complex analyses with depth and rigor, freeing up insurers’ human capital to focus on nuanced decisions and relationships. Federato is the independent alternative to legacy systems that enables better business outcomes.

Learn more at federato.ai.

Media contact: Jordan Sher | Vice President, Corporate Marketing | jordan.sher@federato.ai | 303-503-9246

FAQ

What did Federato announce?

CB Insights named Federato to its 2026 Insurtech 50, an annual list of the 50 most promising private insurtech companies in the world, based on deal activity, partnerships, team and investor strength, and proprietary CB Insights metrics.

Why did Federato make the list?

CB Insights cited Federato’s ability to scale a differentiated business that legacy insurance and AI companies are unlikely to displace. Federato is the only platform built AI-native across the full policy lifecycle, rather than adding AI on top of an existing core system.

What results have Federato customers seen?

QBE cut its underwriting tool count from 14 to 1 and raised its hit ratio from 25% to 40%. HDVI cut time to quote from 20 days to 5–8 days and doubled quotes per underwriter. Mission Underwriting reduced submission processing time by 96%, from 24 hours to 15 minutes.

How is Federato different from legacy core systems and AI underwriting tools?

Legacy core systems such as those from long-established policy administration vendors add AI as a feature on top of decades-old architecture. Point-solution AI tools speed up submission intake but stop there. Federato was built AI-native from the ground up and runs the full policy lifecycle, from submission triage through underwriting, pricing, policy, and renewal, with portfolio intelligence built into every stage.

Is this the first time Federato has been named to the Insurtech 50?

No. Federato was previously named to the CB Insights Insurtech 50 in 2023. This year’s recognition marks the company’s continued growth in a list CB Insights has now published for five consecutive years.

What does this recognition mean for the insurance industry?

It signals that the market and independent analysts increasingly distinguish AI-native platforms from legacy systems with AI bolted on. CB Insights selected Federato and 49 other companies as the startups least likely to be displaced by larger AI or insurance incumbents.

Where can I learn more?

The full 2026 Insurtech 50 report is available at cbinsights.com. Details on Federato’s platform and customer results are available at federato.ai.