In recent years, the insurance industry has been rapidly changing. Traditional insurance companies are being joined by new, tech‑driven startups called insurtechs — young companies that use technology to make insurance smarter, faster, and more customer‑friendly. These startups are reshaping how people and businesses get coverage, manage risk, and even prevent losses before they happen.
One major player supporting this transformation is Opera Tech Ventures. When Opera Tech Ventures invests in insurtech, it means smart money is flowing into the insurance tech world. This helps young companies scale up, builds confidence among other investors, and brings innovative insurance solutions closer to everyday users.
In this post, we’ll explore:
- What Opera Tech Ventures is and why its investments matter,
- The rising trend of insurtech startups,
- Real examples of recent investments,
- How these investments are changing insurance, and
- What the future might look like.
What Is Opera Tech Ventures?
Opera Tech Ventures (OTV) is a venture capital fund — a company that invests money in early‑stage startups with high growth potential. Founded in 2018, Opera Tech Ventures operates mainly in Europe and North America, and is part of the larger BNP Paribas Group, one of the biggest financial institutions in the world.
Instead of building products itself, Opera Tech Ventures supports innovators who are building them. It focuses on industries like:
- Financial technology (FinTech),
- Insurance technology (InsurTech),
- Cybersecurity,
- Artificial intelligence (AI),
- And other digital services that impact financial services.
Opera Tech Ventures typically invests in Series A, B, and C funding rounds — these are stages where a startup has moved beyond the earliest idea phase and is ready to scale or grow more seriously.
This investment style shows confidence in companies that are already proving themselves but need capital and expertise to grow bigger. Because OTV is tied to a major bank, it brings not just money, but industry experience, strategic guidance, and connections that can help startups become leaders in their field.
The Rise of Insurtech
Before defining specific investments, it’s good to understand what insurtech actually means.
Insurtech refers to technology‑powered companies that improve or reinvent insurance. These firms use things like machine learning, data analytics, digital platforms and mobile apps to:
- Provide more accurate pricing,
- Create faster claims processes,
- Offer new kinds of insurance products,
- Deliver better customer experiences.
Unlike traditional insurers that rely heavily on paperwork and long phone calls, insurtech companies often operate entirely online and automate many processes.
The global insurtech market has been growing quickly because:
- Customers want faster digital experiences,
- Businesses face new or complex risks (like cyberattacks),
- Innovation is enabling more personalized and affordable coverage.
And when Opera Tech Ventures invests in insurtech, it signals belief in both the innovative power of these companies and the long‑term growth of the insurtech market.
Recent Insurtech Investments by Opera Tech Ventures
Here are two real-world examples showing how Opera Tech Ventures is putting money behind insurtech innovation:
1. Stoïk: Cyber Insurance for SMEs
In January 2026, French cyber insurtech Stoïk raised €20 million in a Series C funding round, and Opera Tech Ventures was one of the main investors leading the investment.
Stoïk focuses on cyber insurance — protection against cyber risks such as data breaches, ransomware, and hacking. This type of coverage is especially important for small and medium‑sized enterprises (SMEs), which often lack internal cybersecurity teams and face growing digital threats.
What makes Stoïk stand out is that it doesn’t just sell insurance like a traditional company. Its model combines:
- Coverage policies,
- Cyber risk prevention tools,
- And response services when incidents occur.
This integrated approach helps businesses not only recover from attacks but also reduce risk before anything happens. The investment from Opera Tech Ventures will help Stoïk expand its reach across Europe, improve its technology, and support its growth as more businesses need cyber protections.
This investment highlights the importance of cyber risk in today’s economy. As companies rely more on digital systems, the chance of facing an online attack grows — and solutions like what Stoïk offers become essential.
2. Wrisk: Embedded Insurance Technology
Another insurtech that Opera Tech Ventures has helped grow is Wrisk, a UK‑based insurance technology company that creates embedded insurance solutions — meaning insurers can plug insurance directly into digital services, products, or purchases instead of selling it separately.
For example, a car company could offer insurance right when someone buys a vehicle, thanks to Wrisk’s technology.
In a recent Series B funding round, Wrisk secured investment not just from Opera Tech Ventures, but also from major global insurer Allianz Holdings, among others.
This shows that insurtech isn’t just attractive to venture capital funds, but also to traditional insurance giants who want to stay competitive and innovate with digital technology.
Why These Investments Matter
So why is it significant when Opera Tech Ventures invests in insurtech? There are several big reasons:
1. Validation of Technology‑Driven Insurance
When a respected venture firm like Opera Tech Ventures backs a startup, it tells the world — other investors, potential customers, and partners — that this company has real potential.
This can help startups gain more funding later, attract top talent, and build trust with clients.
2. Faster Innovation
Traditional insurance companies often move slowly because they are large and regulated. Insurtech startups are more agile and tech‑centric.
Investments help these companies develop new products faster, improve risk models with data, and introduce digital customer experiences that older systems struggle to match.
3. Addressing Emerging Risks
Emerging risks like cybersecurity threats, climate change effects, and new usage models (e.g., gig economy workers) need fresh thinking inside insurance.
Opera Tech Ventures is backing companies like Stoïk and Wrisk that are responding to these modern needs with innovative solutions — something traditional firms often find hard to do on their own.
4. Bridging Insurtech and Traditional Insurance
Many startups still depend on partnerships with established insurers to underwrite policies or distribute products. Venture capital investments help build bridges between old and new insurance models, accelerating industry transformation.
This collaborative ecosystem can result in faster adoption of technology across the sector.
What This Means for the Future
Looking ahead, more insurtech companies will likely attract investment from firms like Opera Tech Ventures. That’s because:
- Demand for digital insurance products is growing,
- Businesses and consumers want faster, smarter services,
- Data and AI technologies are reducing risk costs,
- And new risks—like cyber threats and climate change impacts—require innovative solutions.
Startups that successfully combine technology with insurance expertise are becoming valuable assets in the market. Venture capital backing helps them scale, refine their offerings, and compete globally.
For Opera Tech Ventures, continuing to invest in insurtech aligns with its strategy to support transformative financial services.
As these investments grow, we can expect:
- More personalized insurance products tailored to specific industries or customer needs,
- Greater use of automation and AI in pricing and claims,
- Better tools for risk prevention,
- And a more seamless digital journey for policyholders.
Conclusion
When Opera Tech Ventures invests in insurtech, it’s more than a financial transaction — it represents a vote of confidence in the future of insurance technology.
From helping cyber‑focused firms like Stoïk scale their services across Europe, to supporting embedded insurance solutions with companies like Wrisk, OTV’s investments are shaping an insurance landscape that’s faster, more digital, and more responsive to real‑world risks.
As the insurance industry continues to evolve, the collaboration between venture capital and insurtech startups will play a key role in defining how insurance works in the digital age. And if recent trends continue, we’re only seeing the beginning of this transformation.
