“We’re honored to be recognized by CB Insights alongside some of the most innovative companies reshaping the insurance space,” said Chris Ellis, CEO and co-founder of Thatch. “This validates what we’re building—a healthcare system people love. ICHRA is transforming how employers approach benefits, and we’re just getting started.”
Each year, CB Insights highlights startups that are reshaping how insurance and benefits work; analyzing factors like deal activity, industry partnerships, investor strength, and hiring momentum. The evaluation also included proprietary company data such as Commercial Maturity and Mosaic Scores, along with direct input from startups through Analyst Briefings and Scouting Reports.
CB Insights’ Senior Analyst Chris Sekerak noted that nearly three-quarters of the companies on this year’s list didn’t exist at the start of the decade.
“The 2025 Insurtech 50 is a barometer for insurance innovation,” he said. “These new entrants are shaping a competitive landscape where AI agents augment operations and customers gain more coverage choices.”
As ICHRA adoption accelerates nationwide, Thatch is helping employers make quality healthcare accessible, affordable, and easy to manage (no matter their size). By combining intuitive software, compliance expertise, and hands-on support, we’re making it simple for businesses to build a healthcare experience people actually love.
