upcover has been named InsurTech Company of the Year at the 2026 Finnie Awards, recognising the company’s progress in building an AI-native commercial insurance platform for Australia and New Zealand.
In addition to taking out the category win, upcover was also named a finalist in Best Application of AI in Finance, Best Workplace Diversity, Female FinTech Leader of the Year for CEO and Co-Founder Skye Theodorou (pictured), and Outstanding FinTech Leader of the Year for Co-Founder and COO Anish Sinha.
The award comes as upcover continues to expand from its foundations in digital commercial insurance into a broader platform spanning licensed broking, risk placement, embedded premium funding and selective underwriting.
“Winning InsurTech Company of the Year is a proud moment for our team and a strong signal that commercial insurance is finally being reimagined for how modern businesses actually operate,” Skye Theodorou, CEO and Co-Founder of upcover said.
“We built upcover to make business insurance more transparent, more accessible and far less painful for the companies that power the economy. This recognition reflects the trust our customers place in us, the quality of our team, and the scale of the opportunity still ahead.”
Commercial insurance remains one of the least digitised categories in financial services, still heavily reliant on emails, PDFs, fragmented workflows and repeated manual rekeying across brokers and underwriters.
upcover’s platform is designed to turn that unstructured work into software by ingesting messy risk information, structuring it into a canonical risk record, and generating cleaner, insurer-ready submissions and customer-ready recommendations at scale.
“AI is not a feature layered onto our business. It is part of the operating architecture,” Anish Sinha, COO and Co-Founder of upcover said.
“The opportunity in commercial insurance is not simply to make brokers incrementally faster. It is to own the workflow directly, structure fragmented risk data, improve placement quality, embed funding, and create a much better outcome for businesses buying cover. That is what we have been building from day one.”
The win comes as upcover announces new milestones for its business.
It has currently assisted approximately 70,000 businesses, with around 7,000 active customers and over 10,000 policies across the platform. The business has also financed over 10,000 policies through its embedded premium funding capability and continues to expand its underwriting capability selectively in product categories where it sees meaningful market size, strong distribution potential and a clear data advantage.
It accompanies a broader momentum for the company, including expansion into more complex commercial placements, deeper insurer and underwriting relationships, and growing adoption among startups, scaleups, fintechs and other mid-market businesses that want a more intelligent broker and risk partner.
“Our ambition is to build the operating platform for commercial insurance in ANZ,” Sinha added.
“That means combining broking, premium funding and selective underwriting into one integrated platform, and using AI to remove the administrative bottlenecks that have held the category back for decades.”