British Insurance Awards Countdown: How much money has been raised by award-winning insurance start-ups over the past 10 months?

And, impressively, since the last British Insurance Awards shortlist was published on the 5 May 2021, six businesses that won recent British Insurance Awards have raised more than half a billion dollars.

Leading the way are two unicorns: the 2015 Insurance Start-Up winner Bought By Many ($350m Series D, pictured) and 2020 Technology Award winner Tractable ($60m Series D). Both raised the funds in June 2021.

Yu Life, the business crowned as the 2021 Insurtech Start-Up winner, raised $70m Series B in July, while the fellow winners on the night: Floodflash (Technology Award and $15m Series A in February 2022) and Inshur (Diversity & Inclusion Award and $35m in total after Series B raise in July 2021) have also successfully sought new funding.

Finally, Laka, which won the Insurance Start-Up Award in 2019, notched up a $12m Series A round last month.

And while the British Insurance Awards is no guarantee of success when it comes to raising funds, there is certainly no harm in gaining the seal of approval from the BIA judges, so start an entry today.