[Toronto, ON, September 30, 2025] – FinTech Global, a specialist research firm, has unveiled the latest edition of its prestigious InsurTech100 list, which collates the sector's most-prominent trailblazers.
The eighth annual edition of the list comes amid explosive growth in the InsurTech sector, driven by the adoption of AI technologies and evolving customer demands. Market forecasts project the market to reach a size of $152.43bn by 2030, growing at a CAGR of 52.7%.
Given this rapid evolution, competition for a place on the 2025 InsurTech100 is more intense than ever. To compile the list, a panel of seasoned analysts and industry experts carefully reviewed a list of over 2,100 InsurTech companies compiled by FinTech Global.
The finalists were acknowledged for their ability to leverage technology to solve critical industry challenges or enhance efficiency across the insurance value chain.
FinTech Global CEO Richard Sachar commented, “The InsurTech100 is a roadmap for anyone looking to understand where the insurance industry is headed. These companies are redefining the way technology drives efficiency and creates new opportunities in key areas such as underwriting, pricing, distribution, and customer experience. For industry leaders, investors, and innovators alike, the list is an essential guide to the trends and players shaping the future of insurance.”
Wisedocs is proud to be recognized among the esteemed companies featured on this coveted InsurTech100 list for the second year in a row, underscoring our continued role in driving innovation and transformation across the insurance industry. The company’s AI-powered medical record review and claims documentation platform transforms how insurers, legal defense teams, government entities, and medical evaluators manage complex claims. Purpose-built for the claims ecosystem, Wisedocs combines advanced AI trained on more than 100 million medical claims documents with medically trained human oversight to deliver defensible, compliant, and audit-ready outputs at scale. Unlike generic AI tools, Wisedocs is designed specifically for insurance and medico-legal workflows, turning unstructured medical records into structured, configurable outputs that align seamlessly with each client’s existing processes.
The results achieved by Wisedocs’ clients demonstrate the transformative impact of AI-powered claims document reviews. Claims teams have been seen to resolve cases with up to an 80% reduction in turnaround times, while realizing 60% savings per page of reviewed documents. At the same time, organizations increase their processing throughput by as much as 150% per day without adding headcount.
Beyond efficiency, Wisedocs ensures enterprise-grade compliance—making every claim defensible, audit-ready, and aligned with regulatory standards. The company’s SOC 2 Type II attestation demonstrates that accessibility never compromises security. In addition, the platform meets HIPAA, PHIPA, and PIPEDA requirements, delivering trusted compliance across multiple jurisdictions at scale.
“We are honoured to be recognized as part of the InsurTech100, alongside such transformative leaders in the industry,” said Connor Atchison, Co-Founder & CEO of Wisedocs. “This acknowledgment reflects the trust our clients place in us and reinforces our mission to bring innovation, compliance, and scalability to the claims ecosystem. As the insurance industry evolves, we remain focused on empowering carriers, government agencies, and legal partners with compliant and validated AI-driven solutions that streamline processes, and deliver better outcomes for claimants.”
Founded in Toronto, the company has rapidly expanded its footprint, with operations now spanning Canada, the United States, and Australia. With offices in Toronto and Washington, DC, Wisedocs is positioned for continued international growth. In 2024, Wisedocs successfully closed an oversubscribed Series A round of $12.7 million, followed by $4.5 million CAD in growth financing from CIBC Innovation Banking to fuel expansion and product innovation. The leading claims documentation platform represents the next generation of insurtech—where advanced technology and human expertise combine to deliver faster, smarter, and defensible claims decisions. Being recognized in the Insurtech 100 affirms our impact in shaping the future of insurance, validates the trust placed in us by top carriers, and reinforces our commitment to bringing innovation, compliance, and scalability to the claims ecosystem.
A full list of the InsurTech100 for 2025 and detailed information about each company is available to download for free at www.TheInsurTech100.com.
About Wisedocs
Wisedocs is an AI-powered claims documentation platform purpose-built for insurance and medical record processing. Trained on over 100 million claim documents, the platform delivers structured, defensible outputs, from summaries to insights, all with expert human oversight. Wisedocs empowers enterprise carriers, government agencies, legal defense teams, and medical experts to improve operational efficiency, reduce administrative burden, and enhance decision accuracy.
Visit www.wisedocs.ai to learn more.
Media Contact
Amy Mingopoulos, Growth Marketing Specialist, amy@wisedocs.com
September 30, 2025
Amy Mingopoulos
Author
Amy Mingopoulos is a Growth Marketing Specialist at Wisedocs based in Toronto. She has worked in a wide variety of companies in the fields of healthcare, fitness, and technology. In her spare time, she enjoys writing, cooking, and visiting new restaurants in the city.
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