Due Diligence Checklists › InsurTech › Series A
InsurTech Startup Investment Checklist: Series A Stage (2026)
This checklist covers 21 due diligence items for InsurTech startups at the Series A stage. Each item has been validated against institutional investor practice. DDR automates the majority of these checks from a single pitch deck PDF upload.
21 checklist items · 2 red flags automatically detected · See a sample DDR report
Series A Requirements
✓
$1M+ ARR or strong path within 12 months
✓
Proven repeatable go-to-market motion
✓
Net Revenue Retention >100% (expansion > churn)
✓
Gross margins indicating sustainable unit economics
✓
Management team capable of scaling to $10M ARR
✓
Clear competitive differentiation and moat building
InsurTech Sector
✓
Loss ratio by underwriting year reviewed and trending favorably
✓
Carrier paper relationship confirmed with signed agreement
✓
State insurance licenses verified
✓
Reinsurance program structure and counterparty credit reviewed
✓
Actuarial review of reserves completed
Deep Dive
✓
Loss ratio trend by cohort and underwriting year
✓
Carrier and reinsurance agreements reviewed
✓
State insurance licenses by line of business
✓
Actuarial reserve adequacy review
Regulatory
✓
Verify: State insurance licensing by line of business in all operating states
✓
Verify: Rate filing and approval requirements with state DOI
✓
Verify: Reinsurance capital requirements and solvency ratios
OSINT Signals
✓
Check: State insurance department license lookup
✓
Check: AM Best rating (for carriers)
✓
Check: NAIC complaint ratio database
DDR AUTOMATES THIS CHECKLIST
Upload an InsurTech startup pitch deck and DDR automatically completes 15+ of these 21 checklist items — sourcing data from 13 OSINT signals, benchmarking against 2 comparable companies, and detecting all 2 critical red flags.
GET YOUR FREE SCAN →