Earlier this year Agency Checklists presented our case on why we think Boston is poised to be an A “Hub of Insurance Innovation.” To read more about the reasons why, please see our January 2017 article entitled “InsurTech 2017: Why Boston (And MA) Is Poised To Be A Hub Of Insurance Innovation.”
Further proof of why the Greater Boston Area is Great for Insurtech
In anticipation of Thursday’s Boston Insurtech III event, Agency Checklists thought that it would be worthwhile to take a quick look at the actual number of startups and insurance companies that have insurtech initiatives and investments in the Greater Boston Area. Aside from being really interesting to our readers, this look also gave us the opportunity to collaborate with one of favourite insurtech-focused sites Coverager.
For those who don’t know Coverager, the site was founded in October of 2016 and provides a global and national look at what is happening in the insurance industry. Please check it out or sign-up for the site’s daily newsletter here.
A look at the names & numbers
Every effort has been made to verify these numbers, but inaccuracies may still exist. As for the total number of funding, this number is also just an estimate since many start-ups have chosen not to disclose their funding amounts.
Company |
Funding |
Established |
Headquarters |
 |
$207,500,000 | 2009 | Waltham, MA |
| Agencyport Software (acquired) | 2000 | Boston, MA, | |
 |
1972 | Medford, MA, | |
 |
2003 | Waltham, MA, | |
 |
2015 | Boston, MA, | |
 |
2015 | Boston, MA, | |
 |
2013 | Boston, MA, | |
 |
$91,000,000 | 2011 | Cambridge, MA, |
 |
1891 | Canton, MA, | |
 |
2009 | Boston, MA, | |
 |
2014 | Cambridge, MA, | |
 |
$2,000,000 | 2015 | Cambridge , MA, |
 |
$2,000,000 | 2015 | Newburyport, MA, |
 |
$22,500,000 | 2007 | Boston, MA, |
 |
2016 | Boston, MA, | |
 |
$111,418,000 | 2012 | Boston, MA, |
 |
2016 | Boston, MA, | |
 |
$16,100,000 | 2004 | Needham, MA, |
 |
$37,570,000 | 2010 | Cambridge, MA, |
 |
$8,500,000 | 2015 | Cambridge, MA, |
 |
2015 | Boston, MA, | |
 |
2015 | Boston, MA, | |
 |
$89,200,000 | 2006 | Boston, MA, |
 |
1852 | Worcester, MA, | |
 |
1997 | Boston, MA, | |
 |
$1,200,000 | 2013 | Boston, MA, |
 |
2010 | Maynard, MA, | |
 |
2015 | Boston, MA, | |
 |
$6,600,000 | 2013 | Cambridge, MA, |
 |
1862 | Boston, MA, | |
 |
1912 | Boston, MA, | |
 |
2016 | Boston, MA, | |
 |
1935 | Webster, MA, | |
 |
2009 | Boston, MA, | |
 |
1851 | Springfield, MA, | |
 |
2014 | Boston, MA, | |
 |
$56,900,000 | 2012 | Boston, MA, |
 |
2014 | Boston, MA, | |
 |
2013 | Boston, MA, | |
 |
$425,000 | 2015 | Boston, MA, |
 |
2007 | Billerica, MA, | |
 |
1984 | Boston, MA, | |
 |
$3,250,000 | 2015 | Boston, MA, |
 |
1923 | Boston, MA, | |
 |
1907 | Woburn, MA, | |
 |
2016 | Boston, MA, | |
 |
1828 | Andover, MA | |
 |
1825 | Dedham, MA, | |
 |
$10,000,000 | 2012 | Boston, MA, |
 |
$9,468,000 | 2012 | Somerville, MA, |
 |
2015 | Boston, MA, | |
| YourPoncho (acquired) | 2015 | Boston, MA, | |
| Zensure (acquired) | 2017 | Boston, MA, |
