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.

<div><p>Slice Labs specializes 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 along with the ability to deploy artificial intelligence (AI) and big data for use in pricing and claims management. As part of the product, the company offers product development support to clients from experts within Slice. The Co-Operators Insurance Group, AXA XL, and Sompo International are among the clients using Slice&rsquo;s infrastructure. 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.</p></div>

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

<div>
  <p>
    Slice Labs specializes 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 along with the ability to deploy artificial intelligence (AI) and big data for use in pricing and claims management. As part of the product, the company offers product development support to clients from experts within Slice. The Co-Operators Insurance Group, AXA XL, and Sompo International are among the clients using Slice&rsquo;s infrastructure. 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.
  </p>
  <p>
    
    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.
  </p>
  <p>
    
    Slice raised USD 25 million in its September 2018 Series A funding, led by The Co-Operators Insurance Group. The company was expected to use the funding to expand its offering.
  </p>
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  <p>
    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

<p><span>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.</span></p>

Artificial Labs

<p><span>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.</span></p>

Bambi Dynamic

<p><span>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.</span></p>

CLARA Analytics

<p><span>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.</span></p>

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>
 
 <p>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.</p>
 <p>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.</p>
 <p>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.</p>
 
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Slice Labs

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