American Family Insurance

Chubb

Travelers Insurance

Nationwide

Farmers Insurance Group

Climate Risk Analytics

<div>
 
 One Concern is a climate analytics company that develops a digital twin of Earth for climate and disaster resilience. The company leverages AI, machine learning, and climate resilience modeling frameworks to support organizations better understand and take proactive measures to mitigate physical climate risks.
 
 
 
 
 One Concern&rsquo;s product offering includes One Concern Dominion, One Concern DNA and One Concern Ready. The company&rsquo;s flagship product One Concern Dominion is a digital twin of the Earth which models the effect of natural disasters on communities and predicts which assets will fail first during natural disasters. One Concern DNA offers climate resilience data and analytics for asset-level portfolio analysis, precision risk selection, asset valuation, and risk pricing. One Concern Ready generates flood predictions and earthquake damage estimates.
 
 
 
 
 Key customers and partnerships
 
 
 
 
 In June 2022, One Concern entered into a strategic alliance with WTW, an advisory, broking and solutions provider, to provide the US insurance market with One Concern Resilience Score, for adoption of parametric insurance caused from physical climate risks. In August 2020, One Concern partnered with SOMPO Holdings, a Japanese insurance company, to leverage AI-enabled climate resilience technologies across the Japanese market.&nbsp;
 
 
 
 
 As of November 2022, One Concern was offering curated datasets for businesses, with plans to go public in late 2022.
 
 
 
 
 Funding and financials&nbsp;
 
 
 
 
 In June 2021, One Concern raised USD 45 million in a venture round led by SOMPO Holdings. The investment was part of a USD 100 million, multi-year agreement to integrate One Concern&rsquo;s platform into the Japanese market.&nbsp;
 
 
 
</div>

InsurTech: Infrastructure

Arturo offers an AI-based solution for property insurers to use satellite, aerial, and ground-level imagery, along with other sources of property intelligence such as property history, inspection records, etc., to support quoting, underwriting, and claims decisions. Arturo’s platform was internally developed by American Family Insurance and spun out in 2019 as a separate company.&nbsp;Arturo has partnerships with imagery providers such as Near Space Labs and Vexcel Imaging, and technology companies including Nvidia and Labelbox for data processing capabilities. As of April 2021, the company had experienced 300% year-over-year revenue growth and had carried out 35 million on-demand property analyses for its clients. Arturo’s key clients include insurance businesses such as Hippo Insurance, American Family Insurance, Branch, and IAG.In October 2024, Arturo launched its&nbsp;<a href="https://sp-edge.com/updates/34819">Change Detection technology</a> to help insurers monitor and assess property changes. The technology uses AI and geospatial imagery to detect key changes, such as deteriorating roofs or new structures, optimizing risk monitoring and underwriting processes.

Relay, brokers drastically increase their close and renewal rates by securing and comparing quotes and creating winning proposals faster. Relay is the single-entry multi-carrier comparative-rating solution that can handle all P&C lines, across all mediums including both instant (“API”) and email quoting, at any level of complexity.

Arturo is a deep learning enterprise platform that focuses on delivering accurate measurement and predictive data. It eliminates the complexity of extracting insights from ensemble data sets and specializes in being able to deliver accurate predictions in formats that are immediately useful inside their customer’s business systems. Arturo is headquartered in Chicago, Illinois, and has representation across North America to support both the insurance and reinsurance industries.

One Concern is a climate resilience technology company, enables organizations to focus on adaptation and resilience strategies by using newly developed resilience analytics for supporting risk selection, mitigation, pricing and risk management. Applying machine learning and state-of-the-art resilience modeling, One Concern helps organizations better understand and prepare for physical climate risks with the mission of making disasters less disastrous. A 2019 Technology Pioneer, One Concern is part of the World Economic Forum’s Global Innovators community.

GenLife is making the future of insurance intelligent, inclusive and dynamic. They are building a platform from applying machine learning to their insurance partners' life and health insurance primary data sets to drive down transaction costs, increase automation and improve risk-pricing in underwriting, claims and fraud management.  The platform is being built to be hardware/device agnostic and integrate with future forward-looking data sources such as genomics, geo-location, social, and healthtech. Their insurance partners win when they remove friction, costs and inefficiencies from their operations and their customers' experience.  People win when they transform their insurance from an annual cost to a personalized asset which proactively protects their life and health.

Ring is an outdoor home security company that provides homeowners a line of preventative outdoor security doorbells and cameras. It is on a mission to reduce crime in neighborhoods and empower consumers by creating a Ring of Security around homes and communities with its suite of smart home security products: Ring Video Doorbell, Ring Video Doorbell Pro, Ring Stick Up Cam, and the new Ring Floodlight Cam. With these security devices, Ring has created the neighborhood watch for the digital age and continues to prevent burglaries and keep homes around the world safe. The company was established in 2012 and is based in Santa Monica, California.

Networked Insights provides analytics that enables companies to make data-driven marketing decisions and improve media efficiency. The result is optimal marketing spend. Customers like MTV, Samsung, Kraft, RIM, MillerCoors, Group M, MediaBrands, Starcom, and Mediavest use Networked Insights to help them improve media efficiency, reveal content opportunities and inform marketing decisions.  It was founded in 2006 and headquartered in Chicago, Illinois.

LeaseLock is an insurance technology company replacing security deposits with insurance.  Its flagship lease insurance product leverages artificial intelligence to eliminate security deposits from enterprise operating infrastructure—powering a faster, simpler, more affordable rental transaction. LeaseLock seamlessly deploys within the native online leasing checkout, resulting in significant conversion lift—while instantly generating industry-leading coverage for the property on every lease. LeaseLock has insured over $1 billion in leases backed by insurance rated A (Excellent) by A.M. Best. Its global investors include SoftBank Ventures Asia, Wildcat Ventures, Westerly Winds, Vertex Ventures US, Liberty Mutual Strategic Ventures, American Family Ventures, Moderne Ventures, and Mucker Capital.

YourMechanic is an online marketplace that enables vehicle owners to find local mechanics for home or office car repair services. Its aim is to make car repair and maintenance affordable and convenient.

Revolv is a monitoring and control system that allows users to control their connected devices from a single hub. It provides a home monitoring and control solution that connects various wirelessly-enabled household items.   The solution connects hundreds of wirelessly-enabled household items that are readily available from retailers such as Amazon, Home Depot, Lowe’s, and Best Buy, and intelligently integrates them regardless of different manufacturers or wireless protocols used.   Revolv’s gateway and web services allow homeowners to manage and control their devices from their smartphones, home, or away. The company’s cloud-based software connects with various wireless products such as lights, locks, sensors, and streaming entertainment systems; and enables consumers to setup communicating products, and automate and control them from an application on various mobile devices.   Revolv was formerly was founded in 2012 and is based in Boulder, Colorado.

MobileIgniter is a leader in the Internet of Things space. We provide Device to Decision® solutions based on Fortune 500 experience identifying opportunity, embedding connectivity, and creating the key web and mobile interfaces to complete the circuit.

[Shoutlet](http://www.shoutlet.com) is an independent enterprise social relationship platform that works with large companies to prove return on social through a focus on integrating social data into business, scaling social across the enterprise, and helping brands build relationships that build business. Its global presence works with large, enterprise-level brands looking to deploy social marketing software to support a wide range of brands, promotions, and social engagements.   The platform enables marketers to publish, engage, and measure social marketing campaigns and activities on social media platforms such as Facebook, Twitter, LinkedIn, Foursquare, Google+, and YouTube. Features include tools for social CRM, creative design, social listening, ads, workflow management, contest design and execution, and analytics for easy integration with recognized web analytics tools from Google Analytics, IBM Digital Analytics, Omniture, and Webtrends. Shoutlet’s SaaS-based model gives customers the control and flexibility they want and need, as well as an account support team that provides industry-leading resources and counsel to execute successful social campaigns.  Features of the  platform include:   _Social Ads_ The tool allows social marketers to manage ads calendars, schedule and link posts to multiple pages and promote posts with just a few clicks. Coupled with an integration with Kenshoo Social, brands and agencies can now also unify paid, owned, and earned media placements to improve social campaign attribution, and have access to analytics for more intelligent and accurate social campaign forecasts and measurement.   _Social Listening_ Shoutlet now gives marketers the functionality to visualize, track, and understand what conversations are happening across blogs and online news websites, along with Facebook, Reddit, Twitter, and YouTube. If marketers want to dive deeper into conversations, they also can access Klout scores for influencer metrics. With Shoutlet Social Listening, brands can effectively capture metrics related to sentiment, competitor tracking, regional activity, share of voice and more.   _Social Switchboard™_ The first trigger-based campaign publishing tool in the social marketing space, Social Switchboard uses pre-scheduled markers and milestones to trigger automatic changes to content across multiple social networks.   _Social Canvas™_ Social Canvas is a professional-level design tool. Companies create interactive Facebook custom tabs, HTML5 pages, and web apps - no coding required.   _Social Contests_ Social Contests – Shoutlet customers now can run an unlimited number of social contests and sweepstakes that allow even the most novice of social marketers to schedule, launch and publish contests anywhere on the web. Using Social Canvas marketers can customize every aspect of a contest design and publish it anywhere on the web, adding in additional sharing capabilities. Shoutlet also added robust publication options, including the ability to set parameters for multiple contest versions based platform, mobile, age, location, and language. Marketers can monitor views, votes, and entries on contests to build a more valuable data set for user Social Profiles over time, for a better understanding of consumers and the brand’s biggest advocates.  _Social CRM_ Shoutlet is a comprehensive community management and moderation platform for Facebook, Twitter, LinkedIn, Foursquare, and YouTube. Integrate Shoutlet’s workflow tools and task assignments to give your customers quick, meaningful responses while efficiently managing the process internally.   _Social Profiles_ Shoutlet’s Social Profiles automatically gathers social data about each social connection and build a powerful database of social contacts that uncovers characteristics about your audience and helps you become a more effective social media marketer. - See more at: http://www.shoutlet.com/features/#social_profiles  _Social Enterprise_ Social Enterprise provides the infrastructure to scale and manage your social media marketing across global locations, branches, franchises, and agents. With features such as custom workflows and content libraries, Social Enterprise makes it simple to scale social successfully.   _Social Analytics_ Shoutlet’s Social Analytics support and easily integrate with industry leading web analytics tools including Google Analytics, IBM Digital Analytics, Omniture, and Webtrends to measure performance. By implementing Shoutlet’s agnostic tool, brands can leverage their chosen best-of-breed web tracking application and maximize ROI by enhancing output with social content tagging, more detailed data reports, conversion tracking and more.

American Family Insurance has built its reputation on sound principles. We strive to provide you industry-leading service, exceptional claims experience and products that build long-term relationships. This is accomplished by treating policyholders fairly in a helpful and caring way and making it easy and convenient to work with us. We know our customers like family.  American Family Insurance thrives by conducting its business in accordance with the highest ethical standards and the law at all times. Integrity is part of our culture and always has been. The reputation we enjoy and trust-based relationships we have built with our customers are determined by the example set by management and the character and good judgment exercised at all levels of our organization. It’s a way of doing business that our customers have come to expect from us and a standard that we continue to live up to.

<div> In 1927, Farmers Mutual Automobile Insurance Company was established and, as its name suggests, the company focused on auto insurance for farmers. In 1963, it adopted its current name, American Family Mutual Insurance Company, and is widely known as American Family Insurance or AmFam. In 2023, AmFam was among the National Association of Insurance Commissioners&rsquo; (NAIC) top 25 property and casualty (P&amp;C) insurers. Based on direct written premium (DWP), AmFam is the 12th largest P&amp;C insurance group, the seventh largest homeowners insurance company, and the ninth largest private passenger insurer in the US. The majority of AmFam&rsquo;s sales is made up of P&amp;C (auto and home) insurance premiums, having used acquisitions to morph into a multi-line insurer. The AmFam group now comprises 14 companies, including: <ul> <li> American Family Insurance, which offers multi-line insurance products </li> <li> The General, a national direct non-standard auto insurance provider, following the acquisition of Permanent General Companies and other subsidiaries of the PGC Holdings Corp in September 2012 </li> <li> Homesite, a national direct property insurance company, acquired in December 2013 </li> <li> Main Street America Insurance, which offers multi-line insurance products, acquired in May 2018 </li> <li> CONNECT, previously Ameriprise Auto &amp; Home Insurance, which it acquired in April 2019. </li> </ul> AmFam&rsquo;s total DWP amounted to USD 17.3 billion in 2023 with P&amp;C-earned premiums totaling USD 15.4 billion. Total revenue for the group was USD 17.1 billion for the year. The group&rsquo;s nation-wide headcount exceeded 13,000 as of June 2024. AmFam follows a hybrid, two-pronged approach to sales growth. Its Reimagine Agency strategy is a hybrid agency model, focusing not only on digital channels, but also on its agents that have built decades-long relationships with customers, transforming this traditional channel through technology and innovation. </div>

Sentry Insurance to acquire The General from American Family Insurance

American Family Ventures

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

InsurTech: Personal Lines

Startups in the automobile insurance space, predominantly providing usage-based insurance using telematics devices and/or smartphone sensors.

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

Startups that provide life insurance through digital channels personalized to an individual’s circumstances and replacing traditional practices, such as medical tests, with data-driven underwriting.

Companies that offer personal line covers for travel and pets through digital channels and use technologies such as flight tracking and online claims processing.

Providers of comparison websites and tools for carriers, agents, and consumers to compare and purchase policies.

Companies that provide personalized health insurance to consumers via digital channels and use technology such as wearable medical devices to monitor health and improve user experience and underwriting.

Companies that offer digital-only insurance for personal belongings (bicycles, mobile phones, laptops, and cameras), providing protection against theft, loss, or damage, with financial reimbursement or replacement.

INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 
 American Family Life Insurance has chosen Munich Re's cloud-based automated underwriting and analytics tool, ALLFINANZ NOVA. Its SaaS platform will improve customer experience and speed up the life insurance application procedure with automated underwriting, electronic third-party data access, and analytics.
 
</div>

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