Insurtech Australia’s annual survey of more than 100 members has found many start-ups have increased revenue, added capital from private investors and entered new markets.

The number earning more than $10 million a year rose by two-thirds.

IA CEO Simone Dossetor says Australia’s insurtech sector is entering a new era of maturity, with international expansion, solid investor interest and profitable business exits.

“We’re seeing a real shift from start-up hustle to scale-up confidence. We now have a number of significant insurtech businesses that are profitable, funded and looking to their next market to scale,” she said.

While there was a 15% drop in the number of insurtechs intending to raise capital over the next year – and self-funding remains a dominant source for 41% of members – the number that accessed external capital sources at seed rounds and beyond grew by about one-third.

Almost three-quarters of IA members are considering international expansion next year, helped by IA’s UK-Australia Insurtech Pathway, run in collaboration with the British government and Insurtech UK.

“In 2026, our focus is on amplifying the voice of Australian insurtech globally while deepening collaboration at home,” Ms Dossetor said.

“We’re committed to unlocking opportunities for innovation across the entire insurance value chain.”