The July investment round of Polish insurtech Trasti, worth €21 million, has ranked the company among the five largest deals of its kind in Europe in 2025. These are the conclusions of the Astorya.vc fund report published in mid-January. The presence of the Polish entity in this list, in addition to support from strategic investors such as the EBRD and Triglav Group, signals a fundamental change in the strategy of venture capital funds.
The European insurtech market has undergone a painful but necessary correction. After a record year in 2021, when investment reached €2.5 billion, capital volumes stabilised between 2023 and 2025 at €600-820 million per year. The number of transactions, however, has not collapsed, remaining at 60-70 per year. This means that capital is still available, but going to a narrower range of players. Investors have moved away from funding the vision of rapid growth alone to models characterised by operational resilience (resilience) and technological resilience.
It is into this new paradigm that Trasti, which is the only Polish representative in the report, fits. The company, whose leading business line is motor insurance, was recognised for combining technology with effective underwriting and risk control. Artur Olech, CEO of Trasti, emphasises that the current market selection rewards companies that build scale without losing profitability. This is a shift towards ‘hard’ business metrics, where innovation must translate into an insurer’s technical result.
The Astorya.vc report also highlights the growing role of artificial intelligence, which has driven as much as 33 per cent of transactions in the sector in the past year. Significantly, AI-first solutions are now mainly focused on loss adjustment and distribution support, which directly translates into cost efficiency. Poland, alongside Spain and the Netherlands, was identified in the report as a market “playing above its weight category”. Despite a smaller share of European GDP, our insurtech ecosystem is showing maturity, becoming one of the key innovation hubs in the CEE region and ahead of markets such as Romania and Hungary.
