The best-documented InsurTech angels are insurance insiders and founders from neighbouring sectors. No public source ranks them, so the sourced names appear in no particular order, among them Sir Peter Wood (Pikl), Don Fox, Neil Mitchell and Mike George (YouSet), Larry Diamond (Honey) and Amit Midha (OneAssure). Each links to the round it comes from.
InsurTech is a hard sector to write a "top angels" list for, because early rounds are small and the investors are often private individuals. So this guide works backwards from announced rounds in four countries, names the individuals each announcement lists, and then looks at what the funding data says about where the money is heading.
Who are the angels behind InsurTech rounds?
Four named rounds, oldest first:
Pikl, UK, May 2019. City AM reported a £2.5 million round led by Sir Peter Wood, founder of Esure and Direct Line. Esure, backed by Bain Capital, also invested, alongside unnamed angels from insurance, banking and tech. Pikl was founded in 2016 by Louise Birritteri, a former head of pricing at Co-op and Gallagher, and creates wholesale insurance products for the sharing economy, including platforms like Airbnb.
Honey, Australia, June 2021. Startup Daily reported a record $15.5 million seed round led by institutions including RACQ, PEXA and Metricon. The individuals it names include Larry Diamond, a Zip co-founder; Tim Fung, an Airtasker co-founder; Jamie McPhee, a former ME Bank CEO; Graham Mirabito, formerly CoreLogic's boss; and Peter Tonagh, an ex-News Corp CEO who is also Honey's chair. Honey sells home and contents insurance with smart home sensors included.
OneAssure, India, December 2021. Venture Intelligence reported an INR 5 crore pre-seed round from angels including Amit Midha, Dell Technologies' Asia and Japan president; Dalvir Suri, a Dunzo co-founder; Rohit MA, a Cloudnine Hospitals co-founder; Ganesh Rao, a Suryoday Microfinance co-founder; Arun Venkatachalam of the Murugappa family; and Santoshkumar Vasudevan, an executive at the International Finance Corporation. OneAssure sells health insurance and got a direct broker licence from India's insurance regulator, IRDAI, in August 2021.
YouSet, Canada, August 2022. Private Equity International reported a C$2.1 million angel-backed pre-seed from Don Fox, a former executive vice president at Intact; Neil Mitchell, a former managing director at Marsh Canada; and Mike George, founder of Trisura.
What do these angels have in common?
They fall into two groups. The first is insurance veterans: Wood built Direct Line and Esure, Fox came from Intact, Mitchell from Marsh Canada and George founded Trisura. The second is executives and founders from adjacent sectors, mostly payments, banking and consumer internet: Diamond, Fung and McPhee in Australia, and Suri in India.
The mix is sensible because insurance is regulated and distribution-heavy. OneAssure's own story shows it: a broker licence from the regulator was a milestone in the same year as its first cheques. An angel who has run an insurer or a broker has seen that process. An angel from payments has seen how fast a consumer product can scale. A founder can reasonably want one of each. That reading is an inference from four rounds, not a finding from the sources.
How is InsurTech funding changing?
Gallagher Re's quarterly report, summarised by Insurance Journal in February 2026, put global InsurTech funding in 2025 at US$5.08 billion, up 19.5% from US$4.25 billion in 2024 and the first annual increase since 2021. AI-centred InsurTechs took US$3.35 billion across 227 deals, or 66% of funding and 62% of deals. Re/insurers made 162 private technology investments in InsurTechs, the most of any year on record.
The count tells a more cautious story. Reinsurance News reported in November 2025 that Q3 2025 funding was $1.01 billion across 76 deals, the lowest deal count since Q2 2020. Put together, the money is tilting toward AI-centred companies even as quarterly deal counts fall to multi-year lows, and insurers themselves are becoming a bigger source of capital. For a seed founder, that raises the value of an angel who can introduce carriers as customers or follow-on investors.
What should an InsurTech founder ask an angel?
Four questions separate a useful angel from a polite one:
Have you worked with the regulator or licence my product needs?
Can you introduce two carriers, brokers or reinsurers who would take a pilot?
Will you invest again when the round after this one is hard?
Who else in your network has backed insurance companies like mine?
For market context, read angel investing in InsurTech startups and how AI is transforming the insurance industry. Founders building a company should also see how to build a startup in the insurance industry. Finding the first investors is covered in how to find angel investors for your startup, and compliance-heavy sectors in how to invest in compliance and RegTech. More lists are in the angel investing section.
Frequently Asked Questions
Q:Who are the top InsurTech angel investors?
No public source ranks them. The names in this guide come from announced rounds, and the one with the most prominent insurance background is Sir Peter Wood, the founder of Direct Line and Esure, who led Pikl's £2.5 million round in 2019.
Q:Does an InsurTech startup need angels from the insurance industry?
Not necessarily. Honey's list in 2021 included payments and marketplace founders as well as a former bank CEO. But a regulated product benefits from at least one investor who understands licensing and carrier relationships.
Q:How much do InsurTech angel rounds raise?
The four rounds above raised £2.5 million (2019), $15.5 million (2021), INR 5 crore (2021) and C$2.1 million (2022). They are in different currencies and years and include institutions, so they show a range, not a typical round.
Q:Is InsurTech funding recovering?
Partly. Gallagher Re's data shows 2025 funding up 19.5% to US$5.08 billion, the first annual increase since 2021. But the Q3 2025 deal count was the lowest since Q2 2020, so the money is concentrating.