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InsurTech's $800M Week: AI Replacing Legacy Infrastructure
Audio is available on Spreaker — see link below.
Three InsurTech companies raised $800M in a single week — Corgi, Kin Insurance, and Reserv — signalling a structural shift in how AI is replacing legacy financial operations. This episode breaks down the funding, the models, and what institutional capital is actually betting on.
Audio is available on Spreaker — see link below.
Corgi just became a unicorn, and the way it got there tells you something important about where insurance is heading. The London-based InsurTech closed a hundred and sixty million dollar Series B this week, pushing its valuation to one point three billion.
Four of twenty-one fintech deals last week were insurance-focused. That's not a coincidence.
The common thread across Corgi, Reserv, and several smaller deals this week is AI replacing manual financial operations rather than layering on top of them. That's a different value proposition from the previous InsurTech wave, which largely digitized existing workflows.
Payments infrastructure also attracted meaningful capital. Fun, a payments platform, raised seventy-two million in a Series A co-led by Multicoin and SignalFire.
One funding pattern from this week deserves specific attention. XBOW, a cybersecurity platform, extended its Series C by thirty-five million with backing from Accenture, Samsung, and NVIDIA ventures.
On the European side, the picture is more nuanced. WealthTech deal volume across Europe rose twenty-seven percent year on year in the first quarter of twenty twenty-six, with forty-seven total deals.
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