Horizons Ventures focuses on investing in disruptive and technology-focused start-ups. The firm was founded in 1999 and is based in Hong Kong. Some of the latest exits are Skype, Siri, Facebook, Summly, and Waze.

Horizons Ventures

XL Innovate creates new ventures that can provide innovation and a meaningful positive impact on the global insurance industry. They invest capital, energy, experience-based expertise, and the substantial resources of their limited partner.

XL Innovate

Plug and Play is a seed and early-stage investor focused on great teams leading emerging growth companies.  Plug and Play runs 12 industry-specific accelerator programs twice a year, that acts as a platform for major corporations and high quality startups to connect and collaborate.  Located in the heart of Silicon Valley, Plug and Play participates in Seed, Angel and Series A funding where they often co-invest with their strategic partners. Through years of experience and as part of their network, Plug and Play has put together a world-class network of serial entrepreneurs, strategic investors, and industry leaders who actively assist the firm with its successful and growing investment portfolio.  SEED ROUND. Plug and Play participates in seed round investing through a program called Startup Camp. Startup Camp is a 10-week program based in Silicon Valley for top-notch entrepreneurs to work intensively on building out their business model. Select startups will refine their business models and prototypes with help from a combination of structured workshops, speaker series and mentorship sessions, as well as active coaching from their investment team. At the culmination of Startup Camp, founders will have crystalized their business plans and pitched their company to the venture capital community at EXPO Demo Day.''  ANGEL ROUND Plug and Play makes angel round investments throughout the year, sourced from their monthly Plug and Play Angels (PAPA) sessions. They are partnered with local angel investors in Silicon Valley who participate in PAPA to find the most promising startups and best new technologies.  SERIES A. Series A typical Series A round is in the range of $2 million to $10 million, and is intended to provide operating capital for the company for six months to two years. This round capitalizes the company as it develops its products, performs initial marketing and branding, acquires talent, and conducts other early-stage business operations. It is in this stage that Plug and Play will co-invest with over 180 venture capital partners.  Plug and Play has helped grow market leaders such as PayPal, Danger, Google, DropBox, LendingClub, Zoosk, SoundHound, CreditSesame, Skytree, and has over 400 more early-stage startups in its portfolio.

Plug and Play

Sompo Japan Nipponkoa Insurance Inc. provides property and casualty insurance products in Japan and internationally. The company was formerly known as Sompo Japan Insurance Inc. and changed its name to Sompo Japan Nipponkoa Insurance Inc. in September 2014.

Sompo Japan Nipponkoa Insurance

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

We have one common goal: to be where Canadians are, with the products Canadians need, when they need them, however they want to buy them.  The Co-operators Group Limited is a leading Canadian multi-product insurance and financial services co-operative with $39.9 billion in assets under administration. We operate in three core areas:  Property and Casualty insurance Life insurance Institutional investments We’re supported by 4,675 employees and a dedicated Financial Advisor network across Canada. Our member organizations include co-operative organizations, credit union centrals and representative farm organizations.  Our vision to be a catalyst for a sustainable society is reflected in all aspects of our operations including our community investment programs, which support people in need and help build community resiliency. We support and fund the development of community-oriented co-operatives and social enterprises, and we work hard to contribute to communities across Canada.  If you are looking for more information on our organization or exploring the possibility of a career with us, you’ve come to the right place. Have a look at what makes us different, find out more about The Co-operators Foundation, or visit our newsroom for our latest press releases.

The Co-Operators Insurance Group

SURA Group is a holding company that involves in the diverse financial services sector. Their financial services include companies in the banking, insurance, pension, savings, investment, and asset management sectors. Industries with companies in the food, cement, energy, and infrastructure sectors.

Grupo SURA

JetBlue Ventures invests in and partners with early-stage startups improving the future of travel and hospitality. The company provides funding to promising startups.

JetBlue Ventures

Veronorte is a Latin American investment management firm dedicated to investing in early and growth stage companies in the Americas. We add value to our portfolio companies by offering the possibility to partner with our corporate investors, by facilitating commercial relations, providing regional insights and strategic support to penetrate new markets in the Latin American region. Our current corporate investors include Grupo SURA, Grupo Argos and Grupo Nutresa. We are active investors in companies capable of generating substantial changes in healthcare, financial services, insurance, construction, mobility, infrastructure, energy, food and nutrition.

Veronorte

Slice Labs

Slice Labs is the insurance engine behind tomorrow’s cloud-based, on-demand digital services ecosystems for the new economy. Through Slice’s Insurance Cloud Services (ICS) platform, Slice is enabling insurers, technology companies, and other service providers to build truly intelligent and intuitive, pay-as-you-go digital insurance products protecting the insured anytime and anywhere. Slice is licensed in the US and the UK, and recently launched in Asia Pacific.

Slice Labs is a company specializing in on-demand insurance. The company offers the Insurance Cloud Services (ICS) product which is infrastructure for insurers to set up their own on-demand offerings. ICS includes a number of solutions for customer engagement, AI &amp; big data for use in pricing and claims management to implement an on-demand offering. As part of the product, the company also offers product development support to clients from experts within Slice. The Co-Operators, AXA XL and Sompo International are among the clients using Slice’s infrastructure. Furthermore, Slice also provides tools that use behavioral science, AI and machine learning on data held by insurers for use in risk scoring and claims fraud prevention.

InsurTech: Infrastructure

Slice Labs Expands Mid-Market Offering for Contractors General Liability in the Excess & Surplus Market

AXA Group

To give discounted access for qualifying Microsoft customers to Slice on-demand, cloud-based cyber insurance offered by AXA XL.

The latest line of defense against rising cyber attacks

Cyber Insurance

Provides commercial property and casualty insurance products with cyber insurance as an additional product offering

Slice Labs partners with AXA to provide the small to medium sized business (SMB) market with on-demand, cyber insurance provided by AXA XL, a division of AXA.

Progressive

Progressive partnered with Slice Labs to offer homesharing insurance

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

InsurTech: Personal Lines

Startups that offer homeowners and renters insurance using artificial intelligence (AI) and smart home devices to issue policies and validate claims.

Munich Re

MunichRe provides a go-to-market partnership program for insurtech and other digital disruptors where the company contributes in terms of insurance capacity, product and technology expertise, data analytics, and capital for insurance startups.

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

Slice Labs is a company specializing in on-demand insurance. The company offers the Insurance Cloud Services (ICS) product which is infrastructure for insurers to set up their own on-demand offerings. ICS includes a number of solutions for customer engagement, AI &amp; big data for use in pricing and claims management to implement an on-demand offering. As part of the product, the company also offers product development support to clients from experts within Slice. The Co-Operators, AXA XL and Sompo International are among the clients using Slice’s infrastructure. Furthermore, Slice also provides tools that use behavioral science, AI and machine learning on data held by insurers for use in risk scoring and claims fraud prevention.Slice also provides its own on-demand insurance products, targeted towards homeshare hosts (paid for based on guest nights) and rideshare drivers (paid for based on hours online). As of November 2020, the company had suspended issuing new homeshare policies owing to the Covid-19 pandemic. Its rideshare offering was not yet released.In October 2024, Slice Labs launched a mid-market&nbsp;<a href="https://sp-edge.com/updates/34867">Contractors' General Liability</a> product in the Excess and Surplus (E&amp;S) space. Designed for contractors with policies averaging USD 50,000 in premiums, this product offers higher limits and specialized coverage, complementing Slice's existing small business insurance offerings.

AgentSync develops modern insurance infrastructure solutions that automate and streamline compliance and producer management processes for insurance carriers, agencies, and MGAs. The company's core product offerings include AgentSync Manage, Autopilot, and ProducerSync API, which help validate licensing, appointing, and personal information for insurance producers by connecting with the National Insurance Producer Registry (NIPR). In January 2024, AgentSync launched its first commercially available ProducerSync API, which allows insurance businesses to access and validate NIPR data through REST API architecture. The company's technology reduces manual data entry processes from hours to minutes by using APIs and cloud-native solutions. In 2021, AgentSync acquired Finvera and subsequently acquired eContractPro in 2022. As of December 2021, the company generated annual revenue of USD 29.3 million.
Key customers and partnerships
AgentSync has established strategic partnerships with several industry leaders including the National Insurance Producer Registry (NIPR), Salesforce, Varicent, DocuSign, Verified First, Accurate, and LIMRA LOMA. Veterans United Insurance is among the company's notable customers. The company's platform enables its customers to onboard producers in hours instead of the traditional timeframe of weeks or months.

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 developed a white-label mobility platform for the insurance sector. Their technology generated personalized, usage-based insurance options for the mobility sector, with the platform calculating premiums based on individual user data including driver safety scores, on-demand activation/deactivation, and time or distance driven. The system accounted for occasional drivers and multi-use vehicles, and was designed to integrate with IT systems of insurance companies, OEMs, and Mobility-as-a-Service providers such as ridesharing, ride-hailing, carsharing, e-scooters, and delivery services. The company operated between 2017 and 2023, ultimately ceasing operations in March 2023.
Key customers and partnerships
The company partnered with The Phoenix Insurance Company in Israel to launch 'The Phoenix Drive', a pay-as-you-go private vehicle insurance product. This offering included a web/mobile onboarding sales and underwriting portal for direct customers and insurance agents, back-office interfaces for insurers, and a consumer mobile app. Through this partnership, Bambi Dynamic was also involved in running the InsureMyTesla program in Israel.

Bambi Dynamic

CLARA Analytics offers an AI-powered insurance claims platform, aimed at improving claims outcomes. Its core claims platform is called CLARAty.ai, which includes generative and predictive AI models developed specifically for casualty claims. Its platform includes several products: 1) Claims Document Intelligent Pro, 2) Triage, 3) Treatment, 4) Litigation, 5) Clara Fraud, and 6) Clara MSP Compliance.&nbsp;&nbsp;<a href="https://sp-edge.com/updates/32243">Claims Document Intelligent Pro</a> is an AI-powered tool that automates the review of claims documents, including legal demands and medical records. It can analyze thousands of pages in seconds, identify key information, and detect treatment patterns to assess risks, improving efficiency and reducing costs.CLARA Triage is an AI tool for claims professionals that predicts claim severity, identifies high-risk claims, and issues real-time alerts to help adjusters act proactively. It improves productivity, reduces costs, and enables faster resolution of simple claims.CLARA Treatment is an AI tool that scores healthcare providers to identify the best options for resolving workers' compensation cases quickly and effectively. It improves claim resolution times, enhances patient outcomes, and reduces costs by matching injured workers with the right providers.CLARA Litigation is an AI tool that analyzes attorney performance and provides insights to reduce the cost and impact of litigated claims. It offers strategic recommendations for case management and helps optimize attorney selection to support decision-making.<a href="https://sp-edge.com/updates/30120">CLARA Fraud</a> is an AI tool that analyzes large workers' compensation datasets to detect suspicious patterns and clusters of potentially fraudulent activity. It increases visibility into suspicious claims, supports SIU referrals, and reduces losses from undetected fraud.CLARA MSP Compliance is an AI tool that automates Medicare Secondary Payer (MSP) compliance by identifying Medicare beneficiaries, determining the need for Medicare Set-Asides, and assisting with mandatory reporting. It reduces compliance risks, improves accuracy, and saves costs in handling Medicare-related claims.In 2023, the company launched CLARAty.ai, a casualty claims intelligence platform using predictive and generative AI to support claims professionals. It provides insights, recommended actions, and advanced claim summaries to guide next steps, enhancing traditional systems and workflows.Key customers and partnershipsIts notable customers include Berkshire Hathaway Homestate Companies, AmTrust, Amerisure, and QBE.&nbsp;Moreover, the company was selected by Amazon in August 2024, as its technology partner to improve health and claim outcomes for its corporate workers' compensation claims.

CLARA Analytics

Coterie Insurance is a Cincinnati-based insurtech company that provides digital small business insurance solutions. Founded in 2018, the company specializes in three main types of business insurance: general liability, business owners' policies, and professional liability coverage. The company employs digital underwriting technology that sources publicly available data to enable instant coverage through a transparent quoting and binding process. Its platform features a qualification checker that indicates within seconds if a business falls within Coterie's appetite. As of June 2022, Coterie's insurance products were available across all 50 states and the District of Columbia. The company's policies are underwritten by Spinnaker Insurance Co. and Benchmark Insurance Co., both of which hold A-rated carrier ratings. The platform uses both ISO and proprietary coverage forms, with all policy documents, certificates, billing, and claims managed through a single dashboard. The system reduces paperwork by 80% compared to traditional methods by eliminating ACORD forms and manual underwriting processes.
Key customers and partnerships
The company serves small and micro-businesses across the US, with a particular focus on businesses with fewer than 20 employees. As of June 2022, Coterie worked with a network of 5,000 agents who provide personalized counsel to small business owners. The company's products are distributed both through independent insurance agents and brokers, and directly to business owners through its digital platform. The business maintains partnerships with Spinnaker Insurance Co. and Benchmark Insurance Co. who underwrite its insurance products.

Coterie Insurance

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

PROMINENT_CATEGORY

<div>
 
 Insurance technology company, Slice Labs, has introduced a new Contractors' General Liability product aimed at the mid-market within the Excess and Surplus (E&amp;S) space. The product is targeted towards contractors with policies averaging a premium of USD 50,000, and complements the company's small business product designed for policies below USD 10,000.
 This new mid-market solution provides higher limits and specific coverage for contractors requiring larger policy limits and personalized risk management. Keeping in line with customer expectations of innovation and flexibility from Slice, it offers quick, digital solutions for small to medium-sized contractors.
 Slice Labs suggests that through this expansion they aim to bridge a market gap, catering to mid-sized contractors needing specialized coverage and higher policy limits.
 
</div>

Slice Labs

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