8VC seeks to enable industry transformation. In a wave of creative destruction, they believe emerging platforms will replace the decades-old technology infrastructure behind many industries, promoting greater innovation and prosperity.

Our experienced investors work closely with the Munich Re Group businesses across the globe to fund and partner with the best emerging companies that are developing new technologies and business models – and risks – for tomorrow’s world. As one of the global providers of reinsurance, primary insurance and insurance-related risk solutions, Munich Re is uniquely positioned to help the world adopt new innovations by transferring the risks from invention and by developing solutions for loss prevention.  As strategic investors, Munich Re Ventures provides capital and guidance to current and future Munich Re partners who are creating the world around us. We invest out of three funds with the Munich Re Group companies as Limited Partners: the Munich Re Fund for the Reinsurance Group, the HSB Fund for specialty insurer Hartford Steam Boiler, and the ERGO Fund for European and Asian primary insurer ERGO. With Munich Re’s strong balance sheet, flexibility and vast insurance and industry relationships, these businesses provide value to our investments from day one. Whether de-risking the go-to-market strategy for an early stage renewable energy technology provider company or providing insurance capacity for a startup offering a new type of insurance for autonomous vehicles, our businesses deliver innovative solutions in an ever-changing world.

Munich Re Ventures

Qualcomm Ventures is the investment arm of Qualcomm Incorporated. Founded in 2000, Qualcomm Ventures is a corporate venture capital fund with over 150 active portfolio companies and more than 20 exits over a billion dollars, including 99 Taxis, Cruise Automation, Fitbit, Invensense, NQ Mobile, Waze, and more. As a global investor, Qualcomm Ventures helps connect entrepreneurs to the resources, relationships, and deep industry expertise they need to succeed in the mobile technology ecosystem.

Qualcomm Ventures

Autotech Ventures is a venture capital firm that manages more than $400 million to invest in start-ups that aim to generate financial returns in the vast $3 trillion ground transportation industry. Connected, autonomous, shared and electrified vehicles and related mobility services have created tectonic shifts in the incumbent ground transportation industry. Vehicle manufacturers, parts suppliers, dealerships, repair shops, parking operators, ground logistics firms, and road infrastructure providers are all being impacted by ground transportation startups. Autotech Ventures provides startup companies with 1) capital to execute on their business plan, 2) access to its industry contacts - including dozens of ground transportation corporate investors who together represent a global market capitalization of over $500 billion dollars, 3) up-to-the-minute market intelligence on the ground transport landscape, 4) support in recruiting ground transportation industry talent, and 5) fundraising support to raise additional capital from other financially-motivated investors and strategic investors. Start-ups typically innovate quickly then scale slowly, while corporations typically innovate slowly then scale quickly. Autotech Ventures brings startups and corporations together to bridge this gap and build a new transportation future.

Autotech Ventures

Sinai Capital is a venture capital firm based in New York City. The firm invests in software and internet founders at all stages globally.

Sinai Capital Partners

ATX Venture Partners is a venture capital firm that focuses on leading Seed, Series A, and early-stage software investments across the US. The firm invests in disruptive and emerging B2B software, APIs, applications, frontier tech, and marketplaces across a number of industries including Supply Chain, FinTech, InsurTech, and Future of Work. ATX also opportunistically invests into different stages, investment structures, and profiles outside of their early stage fund vehicles.

ATX Venture Partners

Daimler Trucks North America LLC, a Daimler company, is the largest heavy-duty truck manufacturer in North America.

Daimler Trucks North America

Weatherford Capital is an investment management firm that operates as a family-owned private investment firm. Its team has over 35 years of investment experience conducting over 65 transactions across the globe. In partnership with family offices, it makes direct equity investments with people who share our commitment to faith, family, community, excellence, and integrity. The investment firm was founded in 2015 and is headquartered in Tampa, Florida.

Weatherford Capital

High Definition Vehicle Insurance

HDVI is a technology-first commercial insurance provider. The company assesses risk using historical and real-time telematics data and provides tools and services that help fleets increase safety, rewards safe driving, and delivers efficient and fair claims processing. HDVI is headquartered in Chicago with additional offices in Greenville, South Carolina; Columbus, Ohio; Portland, Oregon; Dallas and San Francisco. High Definition Vehicle Insurance, Inc. is a licensed property casualty insurance agent with products underwritten by various insurance companies. For more information, visit https://hdvi.com.

<div>High Definition Vehicle Insurance (HDVI) is a technology-first commercial auto insurance provider. The company utilizes AI-driven underwriting and telematics data to transform commercial trucking insurance. HDVI assesses risk using historical and real-time telematics data, providing tools and services that help fleets increase safety, reward safe driving, and benefit from efficient and fair claims processing.</div>

Simplifying the insurance experience for businesses using technology

InsurTech: Commercial Lines

High Definition Vehicle Insurance (HDVI)’s Post

Munich Re

Munich Re Specialty Insurance will support and collaborate with HDVI on innovative risk solutions as a result of this partnership

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 High Definition Vehicle Insurance (HDVI) is a technology-first commercial auto insurance provider. The company utilizes AI-driven underwriting and telematics data to transform commercial trucking insurance. HDVI assesses risk using historical and real-time telematics data, providing tools and services that help fleets increase safety, reward safe driving, and benefit from efficient and fair claims processing.
 
 
 HDVI's proprietary &ldquo;Shift&rdquo; product, launched in March 2021, is a usage-based, dynamically priced insurance offering for commercial truck fleets. The next generation of Shift&mdash;rolled out in February 2023&mdash;enabled fleets to save up to 20% on their monthly premiums by improving their safety scores based on real-time telematics data. The Safety Lookback feature analyzes a fleet's telematics data from the past 90 days when a policy is first quoted, allowing customers to earn immediate discounts for strong safety performance.
 
 
 HDVI's fleet customers drove nearly 200 million miles safely in 2023, resulting in USD 1.1 million in insurance premium savings, with top performers saving approximately USD 2,000 per truck annually. The company's business grew over 100% YoY in 2023.&nbsp;
 
 
 
 
 Key customers and partnerships
 
 
 In March 2021, the company announced partnerships with insurers Munich Re and Spinnaker Insurance Company to increase its insurance capacity and support its expansion into new states.
 
 
 In November 2022, HDVI announced a partnership with Akur8, a provider for AI solutions for insurance pricing, through which HDVI was to leverage the latter&rsquo;s technology to strengthen its telematics offering.
 
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Next Insurance provides digital insurance solutions tailored specifically for small businesses. The company’s product offering includes a range of insurance policies, including general liability, professional liability, commercial auto, and workers’ compensation. The company leverages AI and machine learning to streamline the insurance process, claiming to process policy requests within 10 seconds. It incorporates factors such as risk level, location, and other business-specific factors to provide policy proposals.&nbsp;In March 2021, Next Insurance acquired AP Intego, a digital agency specializing in small business commercial insurance. The acquisition was intended to expand Next Insurance’s reach to more customers in new business classes. In December 2020, the company acquired Juniper Labs, a startup that automates underwriting for sellers insurance to small businesses, to expand its product offering.&nbsp;In October 2024, the company launched standalone&nbsp;<a href="https://sp-edge.com/updates/34864">professional liability coverage</a> for consultants, offering protection against risks such as errors and omissions, personal injury, and property damage. The coverage can be customized with options for extended reporting periods and prior acts coverage.Key customers and partnershipsAs of November 2023, Next Insurance reported around 500,000 active policyholders, spanning a diverse base of small businesses across various industries, from construction and retail to professional services and fitness.In March 2021, Next Insurance partnered with Amazon to offer insurance solutions to Amazon Prime Business members, providing tailored insurance coverage through the platform​​.&nbsp;In September 2023, Next Insurance partnered with Bold Penguin, an integrated digital solution platform that offers commercial insurance. Through this collaboration, independent insurance agents can access Next Insurance's tailored policies for small businesses, expanding the company's distribution channels.In November 2023, Next Insurance partnered with Allstate and Allianz X. The partnership with Allstate provided Next Insurance’s products to Allstate’s customers and collaborated on developing a new product for commercial auto insurance. The collaboration with Allianz X aimed to strengthen Next Insurance’s reinsurance relationship with Allianz X.In March 2024, it partnered with Tensorflight, a property intelligence platform, to leverage Tensorflight’s property data and risk models to enhance Next Insurance’s underwriting process.&nbsp;

Next Insurance

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 Pie Insurance primarily provides workers' compensation to small businesses via an online platform. Pie Insurance uses data and analytics to offer tailored and cost-effective coverage. In addition, Pie Insurance offers commercial auto insurance and a range of supplementary services and products. These include a solution that combines workers' compensation with payroll processing, risk reduction programs, and employer-extended coverages. The company also provides access to an online library of safety training modules and a return-to-work program to facilitate the recovery and reintegration of injured employees.&nbsp;
 
 
 By May 2022, the company had increased its annualized run-rate premium to nearly USD 300 million.
 
 
 In 2023, Pie Insurance transitioned from a managing general agent to a full-stack insurance carrier after it acquired American Insurance Company.&nbsp;
 
 
 Key customers and partnerships&nbsp;
 
 
 Pie Insurance primarily serves small businesses across various sectors, including construction, healthcare, and retail. The company provides its insurance products directly and through partnerships with local, regional, and national insurance agencies. In 
 <a href="https://sp-edge.com/updates/31431">
 July 2024
 </a>
 , the company partnered with Ford to launch a usage-based offering as part of the &quot;Ford Pro Insure&quot; program, a commercial auto insurance solution designed for Ford Pro vehicle fleets.
 
 
 
 As of September 2022, the company had partnered with over 2,800 agencies nationwide. As of May 2024, Pie Insurance has expanded its coverage to 38 states and the District of Columbia.
 
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Pie Insurance

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 Embroker offers a range of insurance products, including directors and officers insurance, employment practices liability, cyber, professional liability, and more. Its digital platform allows businesses to obtain quotes, manage policies, and handle claims online. The company uses predictive, data-driven underwriting models to automate underwriting and improve the accuracy of risk assessment. It claims that its algorithmic-based risk management reduces premiums for businesses by up to 20%.&nbsp;
 
 
 
 
 
 Key customers and partnerships&nbsp;
 
 
 Embroker specifically catered to funded startups, tech companies, law firms, and consultants and served over 40,000 customers as of May 2024.&nbsp;
 
 
 In July 2023, the company announced strategic partnerships with Dashlane, a security-first password management provider, and Cowbell, a cyber insurance provider for SMEs. Embroker aimed to enhance customer security using Dashlane&rsquo;s cyber protection services and expand its cyber liability offering by providing Cowbell Cyber Insurance to existing and prospective customers.&nbsp;
 
 
 In November 2023, the company entered into a strategic partnership with Ascend, a provider of financial operations automation software for insurers. Through this partnership, Embroker aimed to leverage Ascend&rsquo;s technological capabilities to improve operational efficiency and optimize its risk management process.
 
 
 
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Embroker

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 Foresight Commercial Insurance (Foresight) focuses on providing workers' compensation insurance specifically designed for safety-critical industries, such as construction, manufacturing, agriculture, and landscaping. The company&rsquo;s approach leverages data-informed underwriting and safety engagement tools to offer tailored insurance solutions​. Foresight claims to differentiate itself through its proprietary safety technology platform, Safesite, which aims to reduce workplace incidents by promoting a culture of safety and proactive risk management. Through this, the company claims to have reduced claims frequency by 17% on average as of August 2023.&nbsp;
 
 
 Key customers and partnerships&nbsp;
 
 
 Foresight serves a range of mid-sized businesses, particularly those in high-risk industries.&nbsp;
 
 
 In July 2023, Foresight partnered with CLARA Analytics, a leading AI platform for claims optimization, to implement CLARA's Triage module. This integration allowed Foresight to proactively manage claims, accelerate claim cycles, and collaborate effectively with third-party administrators (TPAs) in the event of workplace injuries.
 
 
 In November 2023, the company entered into a strategic partnership with QBE North America, allowing Foresight to write policies on QBE's paper, thus extending its reach and capacity and allowing the company to expand into new product lines. 
 
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Foresight Commercial Insurance

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 INSHUR is a digital insurance provider offering vehicle insurance coverage for on-demand drivers such as Uber and delivery drivers across the US, UK, and the Netherlands. It also provides insurance for TLC (Taxi &amp; Limousine Commission) in the US and private-hire drivers. The company's platform allows drivers to quote, purchase, and renew their policies entirely online through INSHUR's website or mobile app, eliminating the need for paperwork or lengthy phone calls. The company's proprietary data modeling technology enables dynamic real-time pricing and personalized insurance solutions for on-demand drivers. INSHUR's insurance offerings are tailored specifically for the on-demand economy, providing flexible coverage options that adapt to drivers' lifestyles and driving habits.&nbsp;
 
 
 In April 2023, INSHUR acquired American Business Insurance Services (ABI) for an undisclosed amount as part of its growth strategy to expand and scale its operations in the US. The acquisition resulted in INSHUR gaining immediate access to over 50,000 commercial vehicles across all 50 states.&nbsp;
 
 
 
 
 Key customers and partnerships&nbsp;
 
 
 In 2017, INSHUR entered a capacity agreement with Munich Re and introduced INSHUR 2.0, which is a completely digital insurance product for mobile devices, enabling users to obtain quotes and purchase insurance seamlessly.
 
 
 INSHUR established strategic partnerships with industry leaders such as Uber, expanding its on-demand insurance offerings to support livery drivers in key markets like Arizona, following successful deployments in New York City.
 
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INSHUR

Startups that offer insurance covering financial losses from claims of injury or damage caused by the business’s actions or products, including general, product, and professional liability.

Startups offering auto insurance and usage-based insurance products specifically tailored for businesses, including fleet operators.

Startups that provide coverage to protect physical property, including business buildings, inventory, and contents.

Startups that provide coverage for medical expenses and lost wages incurred by employees injured or falling ill while on the job.

Startups offering insurance covering lost income and additional expenses incurred when a business is unable to operate due to covered perils such as fire, natural disasters, or other disruptions.

Companies in the turnkey and value chain infrastructure segments operate under a B2B SaaS

Infrastructure segments provide AI/ML-based products for carriers to use

High Definition Vehicle Insurance

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