# Global insurtech investment surge 2026 > Live situation record from CLSTR: https://clstr.news/situations/global-insurtech-investment-surge-2026 > Updated: 2026-08-02T23:04:08.000Z. Sources: 3. Developments: 2. In late July 2026, a wave of high‑value deals highlighted the insurtech sector worldwide. Allianz moved to acquire HSBC Life Singapore and secured a long‑term distribution partnership, while Aon expanded its data‑center lifecycle insurance program and Genki bought Wave Claims. BNP Paribas Cardif took a 26 % stake in IndiaFirst Life, and Blue Marble partnered with MAPFRE on parametric climate‑insurance products. Start‑ups in the United States raised sizable rounds, including Genius AI’s $44 million Series D and MeridianMade’s $20.3 million financing. By early August, the funding momentum continued, with Kenyan insurtech firms attracting about $66 million, placing Kenya second in Africa after South Africa. Meanwhile, commercial insurer Corgi reached a $4 billion valuation, MAPFRE took a 38.9 % stake in Spain’s Tuio, Cover Genius acquired Germany’s Friendsurance, and IAG piloted OpenAI‑powered voice agents for claims. These developments underscore accelerating investment and consolidation across the global insurtech landscape. ## Timeline ### 2026-08-02: Kenya's insurtech startups secure $66 million amid global funding surge Kenyan insurtech firms secured $66 million in funding, ranking second in Africa, while global players saw Corgi hit a $4 billion valuation, MAPFRE buy a stake in Tuio, and Cover Genius acquire Friendsurance. 2 sources. https://clstr.news/cluster/kenyas-insurtech-startups-secure-66-million-amid-global-funding-surge ### 2026-07-26: InsurTech and Startup Funding Activity Intensifies in July 2026 July 2026 saw major insurtech deals, including Allianz's €2 bn acquisition in Singapore, and significant NYC startup funding, with Genius AI raising $44 million. 2 sources. https://clstr.news/cluster/insurtech-and-startup-funding-activity-intensifies-in-july-2026 --- Cite as: Global insurtech investment surge 2026. CLSTR, https://clstr.news/situations/global-insurtech-investment-surge-2026