Claiming the number one place on the list of the world's best insurance companies, Oscar Health, a New York-based technology insurance company, was founded in 2012.

Oscar Health focuses on the health insurance industry with telemedicine, healthcare-centric technology interfaces, and transparent pricing systems that make it easier for patients to navigate. Private funding to Oscar Health has exceeded $1.5 billion, making it one of the world's leading insurance companies.

Founded: 2012
Oscar Health Headquarters: New York, United States
Oscar Health Total Funding: USD 1.5 billion
Oscar Health Number of Employees: 1001-5000

Website: https://www.hioscar.com/

The world's second-largest insurance technology company in 2020 is ZhongAn, an online-only Chinese insurance company. Chian's insurance technology industry is growing rapidly, growing to $174 billion in 2020.

ZhongAn has up to 460 million users and has issued more than 5.8 billion insurance products. A significant portion of its customer base (60%) is between the ages of 20 and 35, and the majority of consumers in this age group have purchased their first insurance product through a company. ZhongAn provides a variety of customized products and services to Chinese consumers. Founded in 2013, ZhongAn has raised more than $854 million in funding, making it one of the top insurance companies in 2020.

Founded: 2013
ZhongAn Headquarters: Shanghai, China
ZhongAn Total Funding: USD 854.1 million
ZhongAn Number of Employees: 1001-5000

Website: https://www.zhongan.com/

With the third place on our list of the world's leading insurance technology companies, Gusto provides cloud-based payroll, benefits and human resource management software to US-based companies. Gusto's main product is payroll accounting.

Founded in 2011, Gusto has raised $516.1 million in funding, making it one of the most successful insurance finance technology startups of its time. In July 2019, Gusto raised $200 million, worth $3.8 billion. Gusto, like other software vendors, charges a monthly fee per employee.

Founded: 2011
Gusto Headquarters: San Francisco, California, United States
Gusto Total Funding: USD 516.1 million
Gusto Number of Employees: 1001-5000

Website: https://gusto.com/

In fourth place on this list of leading insurance technology companies, US insurance company, Bright Health was founded in 2016. Bright Health began selling health plans in 2017 under the Affordable Care Act and began selling Medicare Advantage plans in 2018.

The Bright Health Insurance Technology Platform consists of three technology components: a user interface, a data analytics module, and a platform that works with electronic health records and telehealth companies. Bright Health's total funding reached $1.1 billion, making it one of the world's leading insurance companies in 2020.

Founded: 2016
Bright Health Headquarters: Minneapolis, Minnesota
Bright Health Total Funding: USD 1.1 billion
Bright Health Number of Employees: 501-1000

Website: https://brighthealthplan.com

Clover Health seizes #5 position on the list of the top 10 insurance companies in the world. Clover Health is a US-based healthcare company that aims to use data analytics and preventive care to improve health insurance for the elderly and make it a more affordable option for customers using the private version of Medicare.

Clover Health technology recognizes when a patient needs care and intervenes with a team of practicing nurses and social workers, saving money for both members and insurance companies. Clover Health is one of the most successful insurtech startups in the world with a total of $4,444,925,444 million in funding.

Founded: 2014
Clover Health Headquarters: San Francisco, California, United States
Clover Health Total Funding: USD 925 million
Clover Health Number of Employees: 501-1000

Website: https://www.cloverhealth.com/en/

Root Insurance takes #6 place on this list of top insurance technology companies. Root Insurance is an emergency insurance that provides personalized and affordable in-app insurance. Using a smartphone to measure driving characteristics such as braking, cornering speed, driving time and route regularity, the route determines who is a safe driver and who is not.

Root requires drivers to download a mobile app and test-driving for several weeks while the app monitors driving behavior in the background. Root Insurance received funding of $44,44,527.50 million.

Founded: 2014
Clover Health Headquarters: San Francisco, California, United States
Clover Health Total Funding: USD 925 million
Clover Health Number of Employees: 501-1000

Website: https://www.joinroot.com/

American Well holds the #7 place on the World's Best Insurance Companies list. American Well is a Boston, Massachusetts-based telemedicine company that uses secure video to connect patients and doctors.

American Well, one of the most innovative startups, is selling its platform as a subscription service to healthcare providers to keep healthcare professionals online and enabling customers to embed telemedicine into their existing healthcare services through proprietary software development kits, APIs, and system integrations. American Well's total funding exceeds $517 million, making it one of the world's leading insurance companies in 2020.

Founded: 2006
American Well Headquarters: Boston, Massachusetts, United States
American Well Total Funding: USD 517 million
American Well Number of Employees: 501-1000

Website: https://business.amwell.com/

Lemonade Inc. is listed #8 on the 2020 World's Best Insurance Companies. Lemonade Insurance Company is an American property and accident insurance company headquartered in New York that provides renters and home insurance for homes, apartments, co-ops and condominiums in many states in the United States, including Germany's containment and liability policies and the Netherlands.

As of 2020, Lemonade Inc. has raised a total of $480 million in funding, making it one of the world's leading insurance technology companies in 2020.

Founded: 2015
Lemonade Headquarters: New York City, United States
Lemonade Total Funding: USD 480 million
Lemonade Number of Employees: 251-500

Website: https://www.lemonade.com/

OutSystems, a low-code platform for enterprise applications, claims the ninth place in the list of the world's top 10 insurance companies. OutSystems provides enterprises with the tools to develop, deploy, and manage multichannel enterprise applications.

OutSystems was founded in Portugal in 2001 and is currently headquartered in Boston, Massachusetts, USA, with offices in 11 countries.

Founded: 2001
OutSystems Headquarters: Boston, Massachusetts, United States
OutSystems Total Funding: USD 422 million
OutSystems Number of Employees: 1,228

Website: https://www.outsystems.com/

Rounding out the list of the best insurance companies for 2020 is Next Insurance, an online small business insurance company based in Palo Alto, California. The company's services include expedited investigation of claims and decisions on many issues within 48 hours, allowing clients to achieve transparency.

They use technology to get rid of agents and other expensive supplements and offer incredibly affordable prices. They also offer policies for a variety of small businesses, from general contractors to personal trainers. Next Insurance made $4,444,381 million, making it one of the world's leading insurance technology companies.

Founded: 2015
Next Insurance Headquarters: San Francisco, California, United States
Next Insurance Total Funding: USD 381 million
Next Insurance Number of Employees: 251-500

Website: https://www.nextinsurance.com/