Markd is a venture capital company focused on funding and partnering with transformative Insurtechs.

Markd

Loro Insurtech Inc.

Loro is a 100% no-code platform, which enables Insurance Companies, MGAs and Brokers to transact business online. Its main competitive advantage being: - The only FREE platform in the market (for up to $1M GWP per year) - Record speed to market - No code at all (as opposed to ''low code'') - No upfront investment - No minimum monthly fees - Leave whenever you want (not commitment)

Loro Insurtech offers a white-label no-code platform that enables insurers and MGAs to develop, personalize, and deploy insurance products. The company charges an annual platform fee that is determined by the gross written premiums (GWPs) generated by clients on a yearly basis. However, the platform is provided free of charge up until the first USD 100,000 in GWPs each year, which is followed by a 1% fee for GWPs up to 25 million and 0.1% for GWPs above this amount.

InsurTech: Infrastructure

Loro Insurtech

Loro Insurtech offers a white-label no-code platform that enables insurers and MGAs to develop, personalize, and deploy insurance products. The company charges an annual platform fee that is determined by the gross written premiums (GWPs) generated by clients on a yearly basis. However, the platform is provided free of charge up until the first USD 100,000 in GWPs each year, which is followed by a 1% fee for GWPs up to 25 million and 0.1% for GWPs above this amount.Fundings and financialsIn June 2023, the company announced that it raised <a href="https://sp-edge.com/updates/19054">USD 750,000 in a seed funding round </a>led by Markd. The fresh funds were to be used for the expansion of the team, product development, and improving platform adoption.

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 AgentSync powers growth for insurance carriers, agencies, MGAs, and producers by offering modern tools for producer and compliance management. With a customer-centric design, seamless APIs, and automation, AgentSync's products reduce friction, increase efficiency, and maintain compliance, ultimately helping to improve the broker onboarding, contracting, licensing, appointing, and compliance processes.
 
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AgentSync

Artificial is an insurance software business offering an algorithmic underwriting, data extraction and machine learning platform to commercial insurers, empowering them to write better risks, faster. We provide solutions to partners across the London and global markets, including Convex, Chaucer and more. Our platform specialises in instantly and accurately capturing data at the point of entry for use in downstream applications. We enable clients to augment this data through effortless integrations and use it to write risks algorithmically, build contracts and plug into other systems. Behind the platform is decades' worth of experience in engineering, insurance and analysis. We do more than just provide software; we work with you every step of the journey to make sure our technology drives growth, improves efficiency and reduces costs across your business.

Artificial Labs

Bambi Dynamic, based in Israel, is a SaaS insurance platform that provides vehicle insurance solutions for car OEMs, mobility providers, insurers, and the mobility ecosystem. As a white-label, cloud-based integrated platform, Bambi Dynamic provides an end-to-end solution that includes onboarding, underwriting, user identification, pricing, policy operations, and loss notice. The platform creates insurance products by measuring usage, events, and behavior, using data collected from various sources including smartphones, connected cars, and smart sensors. Bambi Dynamic’s products include personal auto, personal connected auto, fleet insurance, shared and micro-mobility, MaaS for mobility app providers, and autonomous vehicle insurance.

Bambi Dynamic

CLARA Analytics improves claims outcomes in commercial insurance with easy-to-use AI-based products. The company’s product suite applies image recognition, natural language processing, and other AI-based techniques to unlock insights from medical notes, bills and other documents surrounding a claim. CLARA’s predictive insight gives adjusters “AI superpowers” that help them reduce claim costs and optimize outcomes for the carrier, customer and claimant. CLARA’s customers include companies from the top 25 global insurance carriers to large third-party administrators and self-insured organizations. Founded in 2016, CLARA Analytics is headquartered in California’s Silicon Valley. For more information, visit www.claraanalytics.com.

CLARA Analytics

Coterie Insurance is an InsuranceTech company that applies an API-based approach and modern technology to commercial insurance. It looks to integrate insurance with platforms and processes that businesses, contractors, and gig workers use every day. The company also streamlines the insurance process for its clients. Its core focus remains on small business insurance. Products that it offers include business owners policy, general liability insurance, and professional liability insurance. Coterie Insurance is privately held and a licensed insurance producer in all 50 US states.

Coterie Insurance

Providers of general, yet comprehensive, end-to-end solutions for insurance companies, covering various aspects of their operations. This includes core systems for policy administration, underwriting, claims processing, billing, and customer relationship management

Specialized platforms that offer lead generation and management services and tools for insurance providers. Tools can include telemarketing, internet, and social media lead generation, referrals, and lead analytics

Underwriting platforms that evaluate risks related to life insurance, health insurance, and related products such as disability and critical illness coverage. They may utilize medical underwriting criteria, genetic information, lifestyle factors, and demographic data to assess applicants' insurability

Platforms that specialize in assessing risks associated with property and casualty insurance, including home, auto, commercial property, and liability coverage. They may incorporate data sources such as property valuations, historical claims data, telematics, and weather patterns to evaluate risk factors accurately

Specialized platforms that streamline and automate claims processing workflows, from initial claim submission to settlement. They may offer software for claims intake, adjudication, fraud detection, and communication with policyholders and third-party service providers

Policy administration systems that focus on managing policy lifecycle activities, including policy issuance, endorsements, renewals, and cancellations. They provide insurers with tools to configure and manage policy rules, coverage options, and premium calculations. Platforms can also have additional functions for commission and performance tracking

Reinsurance technology providers offer a range of innovative tools and services to support reinsurers in managing their operations, assessing risks, and optimizing their reinsurance strategies. These solutions may include advanced analytics, catastrophe modeling, risk assessment tools, portfolio management systems, and underwriting platforms specifically designed for the reinsurance industry

New insurance models are disrupting a centuries-old industry with a focus on personalization and convenience

Loro Insurtech

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