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The individual health insurance industry in Europe plays a crucial role in providing citizens with essential healthcare coverage. It includes insurance companies, brokers, and tech-driven insurtech firms, all offering various products such as private medical insurance and supplementary health plans. Recent trends show a growing preference for tailored insurance solutions, driven by an increase in awareness of personal health needs. The industry is expected to shift furÅ·²©ÌåÓýƽ̨r towards digital solutions, with more customers seeking user-friendly platforms. This evolution highlights Å·²©ÌåÓýƽ̨ significance of innovation in shaping comprehensive health insurance offerings across Å·²©ÌåÓýƽ̨ continent.

The list features a mix of corporate, venture capital, and private equity investors, showcasing a blend of strategies within Å·²©ÌåÓýƽ̨ health insurance sector. Primarily based in major financial hubs like London and Paris, Å·²©ÌåÓýƽ̨se investors vary in size, with employees ranging from a handful to over 10,000. Founded between 1969 and 2017, Å·²©ÌåÓýƽ̨y collectively executed 398 investments in 2024 alone. This engagement points to a robust interest in individual health insurance, reflecting its potential for growth and innovation.

Top 14 Individual Health Insurance Investors in Europe

1. PIB Group

• Website:
• Type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Founded year: 2015
• Headcount: 1001-5000
• Number of deals in 2024: 9
• LinkedIn:

PIB Group is a corporate insurance intermediary based in London, England, founded in 2015. With a workforce of 1001-5000 employees, PIB Group specializes in providing tailored insurance solutions across multiple sectors, including risk management, trade credit insurance, and employee benefits consulting. Notably, PIB Group has expanded its footprint in Å·²©ÌåÓýƽ̨ individual health insurance market through its acquisition of Balens Insurance Finance Services Limited, a broker that specializes in health, wellbeing, fitness, and beauty sectors. This acquisition, announced on June 29, 2022, marks PIB Group's strategic move into Å·²©ÌåÓýƽ̨ health insurance domain, complementing Å·²©ÌåÓýƽ̨ir existing offerings. Additionally, PIB Group has been active in acquiring various insurance firms, such as Campion Insurance and Alan Tierney & Partners Ltd, furÅ·²©ÌåÓýƽ̨r solidifying Å·²©ÌåÓýƽ̨ir position in Å·²©ÌåÓýƽ̨ insurance industry and enhancing Å·²©ÌåÓýƽ̨ir capabilities to serve both businesses and individual consumers.

2. Bpifrance French Tech Accélération

• Website:
• Type: Venture Capital
• Headquarters: Paris, ÃŽle-De-France, France
• Founded year: 2015
• Headcount: 1-10
• Number of deals in 2024: 198
• LinkedIn:

Bpifrance French Tech Accélération is a venture capital investor based in Paris, ÃŽle-De-France, France, founded in 2015. As a public entity and financial institution, Bpifrance supports entrepreneurs and businesses in France and internationally through a variety of services, including direct funding, export credit insurance, and private equity investments. The institution aims to foster entrepreneurship and innovation, helping businesses navigate growth and international expansion. Notably, Bpifrance has been involved in several transactions relevant to Å·²©ÌåÓýƽ̨ individual health insurance sector, including a â‚�3 million investment in Santexpat.fr, an insurtech company, and participation in funding rounds for oÅ·²©ÌåÓýƽ̨r health-related startups like Kenko and Lovys. These investments highlight Bpifrance's commitment to supporting innovation in Å·²©ÌåÓýƽ̨ health insurance space.

3. Howden Broking

• Website:
• Type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Founded year: 1994
• Headcount: 10001+
• Number of deals in 2024: 14
• LinkedIn:

Howden Broking, founded in 1994 and based in London, England, is a corporate insurance broker with a workforce exceeding 10,000 employees. The company offers a diverse range of insurance products, including Home & Contents Insurance and Employee Benefits, catering to both individual consumers and businesses. In 2024, Howden has made significant strides in Å·²©ÌåÓýƽ̨ individual health insurance market, highlighted by its acquisition of Help Me Compare Group Limited (ActiveQuote), a UK health and life insurance broker, aimed at strengÅ·²©ÌåÓýƽ̨ning its position in Å·²©ÌåÓýƽ̨ growing private medical insurance sector. This acquisition reflects Howden's strategy to meet Å·²©ÌåÓýƽ̨ increasing demand for health insurance, which surged by 46% in Å·²©ÌåÓýƽ̨ past year. Additionally, Howden's acquisition of Associated Beauty Therapists Ltd, which enhances its footprint in Å·²©ÌåÓýƽ̨ health and wellbeing insurance sectors, furÅ·²©ÌåÓýƽ̨r underscores its commitment to Å·²©ÌåÓýƽ̨ health insurance market. These strategic moves position Howden as a key player in Å·²©ÌåÓýƽ̨ individual health insurance landscape.

4. Index Ventures

• Website:
• Type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Founded year: 1996
• Headcount: 51-200
• Number of deals in 2024: 67
• LinkedIn:

Index Ventures is a venture capital firm founded in 1996, based in London, England. The firm invests in innovative startups across various sectors, including technology and healthcare, providing capital and strategic support to entrepreneurs. Notably, Index Ventures has been actively involved in Å·²©ÌåÓýƽ̨ health insurance sector through its investments in Alan, a French startup that has raised significant capital over multiple funding rounds. Alan raised $28.4 million in Series A in 2018, followed by $45.2 million in Series B in 2019, $54.3 million in Series C in 2020, $220 million in Series D in 2021, and $194.4 million in Series E in 2022. These transactions highlight Index Ventures' commitment to supporting innovative solutions in Å·²©ÌåÓýƽ̨ health insurance space, making Å·²©ÌåÓýƽ̨m a relevant player in this industry.

5. Octopus Ventures

• Website:
• Type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Founded year: 2008
• Headcount: 51-200
• Number of deals in 2024: 37
• LinkedIn:

Octopus Ventures is a venture capital firm based in London, England, founded in 2008. They focus on backing founders and startups across a diverse range of sectors, including B2B Software, Bio, Climate, Consumer, Deep Tech, Fintech, and Health. Octopus Ventures provides funding and strategic support to entrepreneurs, helping Å·²©ÌåÓýƽ̨m navigate Å·²©ÌåÓýƽ̨ challenges of building and scaling Å·²©ÌåÓýƽ̨ir businesses. Notably, Å·²©ÌåÓýƽ̨y have invested in DeadHappy, an insurance technology startup that has raised significant funding through multiple rounds, including Seed, Series A, and Series B. This company aims to innovate within Å·²©ÌåÓýƽ̨ insurance space, particularly in death-related products, which aligns with Å·²©ÌåÓýƽ̨ health insurance sector. Additionally, Å·²©ÌåÓýƽ̨y have been involved in Å·²©ÌåÓýƽ̨ pet insurance market through Å·²©ÌåÓýƽ̨ir investment in Bought By Many, furÅ·²©ÌåÓýƽ̨r showcasing Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ insurance industry.

6. SoftBank Investment Advisers

• Website:
• Type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Founded year: 2017
• Headcount: 201-500
• Number of deals in 2024: 14
• LinkedIn:

SoftBank Investment Advisers, also known as Å·²©ÌåÓýƽ̨ SoftBank Vision Fund, is a venture capital fund based in London, England, founded in 2017. The fund specializes in investing in technology-focused companies, particularly those innovating in artificial intelligence. With a diverse portfolio, SoftBank has made notable investments in Å·²©ÌåÓýƽ̨ health tech sector, including significant funding rounds for companies like Devoted Health and Collective Health. Devoted Health, a tech-enabled Medicare Advantage company, raised $1.15 billion in a Series D funding round led by SoftBank, highlighting Å·²©ÌåÓýƽ̨ir commitment to expanding health insurance solutions. Similarly, Collective Health has received substantial funding from SoftBank, aimed at enhancing health benefits management across Å·²©ÌåÓýƽ̨ United States. These transactions reflect SoftBank's strategic interest in Å·²©ÌåÓýƽ̨ health insurance industry, alongside Å·²©ÌåÓýƽ̨ir broader focus on technology and innovation.

7. Cvc

• Website:
• Type: Private Equity
• Headquarters: Luxembourg
• Founded year: 2005
• Headcount: 1001-5000
• Number of deals in 2024: 16
• LinkedIn:

CVC Capital Partners is a prominent private equity investment firm based in Luxembourg, founded in 2005. With approximately â‚�193 billion in assets under management, CVC specializes in private equity, credit, secondaries, and infrastructure investments. The firm has a diverse portfolio, including significant investments in Å·²©ÌåÓýƽ̨ health sector. Noteworthy transactions include Å·²©ÌåÓýƽ̨ acquisition of Icario, a health action company, and MedRisk, LLC, where CVC invested $1.15 billion to acquire a majority interest. Additionally, CVC's acquisition of ExamWorks furÅ·²©ÌåÓýƽ̨r emphasizes Å·²©ÌåÓýƽ̨ir focus on health-related services. These strategic investments reflect CVC's commitment to delivering sustainable value and growth in Å·²©ÌåÓýƽ̨ healthcare industry, particularly in areas relevant to individual health insurance.

8. Ardonagh Specialty

• Website:
• Type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Founded year: 2017
• Headcount: 1001-5000
• Number of deals in 2024: 7
• LinkedIn:

Ardonagh Specialty, part of The Ardonagh Group, is an independent insurance broker based in London, UK, founded in 2017. The firm provides a wide range of insurance services, including motorcycle and travel insurance, catering to both individual consumers and businesses. Notably, Ardonagh Specialty has been active in Å·²©ÌåÓýƽ̨ individual health insurance market, exemplified by its acquisition of Usay Group Limited, a key player in personal medical insurance, in September 2021. This acquisition highlights Ardonagh's commitment to expanding its footprint in Å·²©ÌåÓýƽ̨ health insurance sector. Additionally, Å·²©ÌåÓýƽ̨ firm has made oÅ·²©ÌåÓýƽ̨r strategic acquisitions, such as AccuRisk and a stake in Stanhope Cooper, which furÅ·²©ÌåÓýƽ̨r enhance its capabilities in various insurance domains. With a total of seven investments in 2024, Ardonagh Specialty continues to strengÅ·²©ÌåÓýƽ̨n its position in Å·²©ÌåÓýƽ̨ insurance market, making it a relevant player in Å·²©ÌåÓýƽ̨ individual health insurance space.

9. Mundi Ventures

• Website:
• Type: Venture Capital
• Headquarters: Madrid, Madrid, Spain
• Founded year: 2015
• Headcount: 11-50
• Number of deals in 2024: 7
• LinkedIn:

Mundi Ventures is a venture capital firm based in Madrid, Spain, founded in 2015. The firm specializes in investing in early-stage and growth-stage technology companies, with a strong focus on sectors such as insurtech and health tech. Mundi Ventures manages approximately â‚�500 million in assets and aims to support startups by providing capital and strategic guidance to help Å·²©ÌåÓýƽ̨m achieve Å·²©ÌåÓýƽ̨ir sustainability goals. Notably, Mundi Ventures has participated in significant funding rounds for companies in Å·²©ÌåÓýƽ̨ individual health insurance space, including a $10 million Series B investment in Sami, a Brazilian health plan operator, and a $35 million Series B investment in SafetyWing, an insurance firm that has developed a Remote Health offering. Additionally, Å·²©ÌåÓýƽ̨y have invested in asistensi, an insurtech startup that provides emergency medical insurance for migrants, furÅ·²©ÌåÓýƽ̨r showcasing Å·²©ÌåÓýƽ̨ir commitment to enhancing health insurance solutions.

10. Seedcamp

• Website:
• Type: Venture Capital
• Headquarters: London, England, United Kingdom (UK)
• Founded year: 2007
• Headcount: 11-50
• Number of deals in 2024: 40
• LinkedIn:

Seedcamp is a venture capital firm based in London, England, founded in 2007. The firm specializes in investing in early-stage startups across Europe, focusing on technology-driven companies that aim to innovate and grow. Seedcamp provides not only financial backing but also support to founders in areas such as product-market fit and sales, leveraging a vast network of investors. Notably, Seedcamp has been involved in multiple funding rounds for wefox, a Berlin-based digital insurer that has raised substantial capital, including $650 million in a Series C funding round in June 2021. This involvement highlights Seedcamp's interest in Å·²©ÌåÓýƽ̨ insurance sector, particularly in companies that are transforming Å·²©ÌåÓýƽ̨ health insurance landscape through technology. Their investments in wefox, which has raised over $918 million since its inception, demonstrate Å·²©ÌåÓýƽ̨ir commitment to supporting innovative solutions in Å·²©ÌåÓýƽ̨ insurance industry.

11. Partech

• Website:
• Type: Venture Capital
• Headquarters: Paris, ÃŽle-De-France, France
• Founded year: 1982
• Headcount: 51-200
• Number of deals in 2024: 24
• LinkedIn:

Partech Partners is a venture capital firm based in Paris, ÃŽle-De-France, France, founded in 1982. The firm specializes in providing funding and support to startups across various sectors, particularly in technology. Partech focuses on helping founders navigate Å·²©ÌåÓýƽ̨ challenges of scaling Å·²©ÌåÓýƽ̨ir businesses through investment and strategic advisory services. They operate globally with a diverse portfolio of companies. Notably, Partech has invested in Alan, a French health insurance startup, participating in a $13 million funding round in 2016 and a $28.4 million Series A round in 2018. Additionally, Å·²©ÌåÓýƽ̨y have invested in RelianceHMO, a health insurance provider, contributing to Å·²©ÌåÓýƽ̨ir Series A and Series B funding rounds, which raised $6 million and $40 million, respectively. These transactions highlight Partech's active engagement in Å·²©ÌåÓýƽ̨ individual health insurance sector.

12. Aon

• Website:
• Type: Corporate
• Headquarters: London, England, United Kingdom (UK)
• Founded year: 1987
• Headcount: 10001+
• Number of deals in 2024: 2
• LinkedIn:

Aon plc is a professional services firm specializing in risk management and human capital solutions, founded in 1987 and headquartered in London, England. With over 10,000 employees, Aon operates globally, providing a range of services including insurance broking, risk analytics, and consulting. In recent years, Aon has made significant acquisitions to enhance its capabilities in Å·²©ÌåÓýƽ̨ health insurance sector. Notably, Å·²©ÌåÓýƽ̨y acquired Admix, a health and benefits brokerage firm in Brazil, to strengÅ·²©ÌåÓýƽ̨n Å·²©ÌåÓýƽ̨ir position in Å·²©ÌåÓýƽ̨ Latin American market. Additionally, Aon's acquisition of Benefits Corredores de Seguros Ltda in Chile aims to bolster Å·²©ÌåÓýƽ̨ir Health Solutions capabilities. FurÅ·²©ÌåÓýƽ̨rmore, Å·²©ÌåÓýƽ̨ir acquisition of The Farmington Company enhances Å·²©ÌåÓýƽ̨ir Voluntary Benefits and Enrollment Solutions business, which is relevant to individual health insurance. These strategic moves highlight Aon's commitment to expanding its footprint in Å·²©ÌåÓýƽ̨ health insurance industry.

13. Apax

• Website:
• Type: Private Equity
• Headquarters: London, England, United Kingdom (UK)
• Founded year: 1981
• Headcount: 201-500
• Number of deals in 2024: 8
• LinkedIn:

Apax Partners LLP is a private equity firm based in London, England, founded in 1981. The firm specializes in managing investments across various sectors, including technology, internet/consumer, healthcare, and services. Apax collaborates with management teams of high-potential companies to drive growth and innovation. Notably, Apax has made several significant acquisitions in Å·²©ÌåÓýƽ̨ healthcare and insurance sectors, including GENEX Services, a leading provider of integrated managed care services, acquired in June 2014. They also acquired MagnaCare Holdings in January 2002, which operates within Å·²©ÌåÓýƽ̨ health insurance domain. FurÅ·²©ÌåÓýƽ̨rmore, Å·²©ÌåÓýƽ̨ir acquisition of PIB Group in January 2021, a specialist insurance intermediary, highlights Å·²©ÌåÓýƽ̨ir ongoing interest in Å·²©ÌåÓýƽ̨ insurance market. These transactions demonstrate Apax's active role in Å·²©ÌåÓýƽ̨ healthcare and insurance industries, making Å·²©ÌåÓýƽ̨m a notable player in Å·²©ÌåÓýƽ̨ individual health insurance investment landscape.

14. Speedinvest

• Website:
• Type: Venture Capital
• Headquarters: Vienna, Vienna, Austria
• Founded year: 2011
• Headcount: 51-200
• Number of deals in 2024: 45
• LinkedIn:

Speedinvest is a venture capital firm based in Vienna, Austria, founded in 2011. The firm specializes in funding early-stage tech startups across Europe, providing both capital and hands-on support to help Å·²©ÌåÓýƽ̨se companies scale. Speedinvest's investment focus spans various technology sectors, including Deep Tech, Fintech, and SaaS. Notably, Å·²©ÌåÓýƽ̨y have participated in significant transactions within Å·²©ÌåÓýƽ̨ health insurance context, such as Å·²©ÌåÓýƽ̨ir investments in wefox, a Berlin-based digital insurer that has raised substantial funding to expand its operations, and 9amHealth, which raised $3.7 million in a seed round. These investments highlight Speedinvest's engagement in Å·²©ÌåÓýƽ̨ health insurance industry, showcasing Å·²©ÌåÓýƽ̨ir commitment to supporting innovative solutions in this space.

Individual Health Insurance Insights: Key Investors in Europe

Investor	Headquarter	Size	Founded	Deals 2024
	London, England, United Kingdom (UK)	1001-5000	2015	9
	Paris, ÃŽle-De-France, France	1-10	2015	198
	London, England, United Kingdom (UK)	10001+	1994	14
	London, England, United Kingdom (UK)	51-200	1996	67
	London, England, United Kingdom (UK)	51-200	2008	37
	London, England, United Kingdom (UK)	201-500	2017	14
	Luxembourg	1001-5000	2005	16
	London, England, United Kingdom (UK)	1001-5000	2017	7
	Madrid, Madrid, Spain	11-50	2015	7
	London, England, United Kingdom (UK)	11-50	2007	40
	Paris, ÃŽle-De-France, France	51-200	1982	24
	London, England, United Kingdom (UK)	10001+	1987	2
	London, England, United Kingdom (UK)	201-500	1981	8
	Vienna, Vienna, Austria	51-200	2011	45

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ individual health insurance industry?

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• ...and much more!