Arbor Ventures invests in companies that leverage advanced technologies to facilitate, broaden or fundamentally change the way financial services are served, consumed, and managed. The firm's partners bring extensive sector and market knowledge, together with vast strategic networks, creating a unique platform to recruit world-class board members, investors, and strategic partners from across the globe. Arbor’s global perspective allows it to accelerate impact and reach globally.

Arbor Ventures

Eight Roads Ventures is a global venture capital firm managing $11bn of assets across offices in the UK, China, India, Japan, and the US. Together with our associated funds, including our US sister fund F-Prime Capital, our 50-year history of investing includes partnerships with over 500 companies such as Alibaba, AppsFlyer, Chewy, Fareye, Fever, Flywire, Fireblocks, Funnel.io, Gloat, Hibob, Icertis, Neo4j, Otrium, Owkin, Paidy, Spendesk, Tibber, Toast, Wallapop and Xoom.

Eight Roads Ventures

Viola FinTech is a cross-stage venture fund that invests in global fintech companies alongside venture investors. The fund brings together financial institutions and innovative startups to accelerate the modernization and digitization of financial institutions and support the growth of FinTech companies.

Viola FinTech

Team8 Capital is a new venture capital vehicle leading investments in enterprise technology startups across various domains with a focus on data, AI, cybersecurity and fintech. Team8 Capital will invest at Seed, A and B rounds of funding, expanding on Team8’s Foundry model that builds new companies from scratch. Backed by strategic investors including Walmart, Microsoft, Cisco, Barclays and Moody’s, among others, Team8 has pioneered a signature Foundry model of creating new technology companies by identifying big problems that companies face, ideating novel solutions to solve them and supporting startup progression to success.

Team8 Capital

Nationwide Ventures invests in startups, pilots new technologies, and tests new solutions and business models. We focus on delivering next-generation experiences for Nationwide’s customers by exploring leading-edge topics from analytics and automation technology to new insurance and financial services platforms.

Nationwide Ventures

Hannover Digital Investments is a venture capital firm that specializes in insurtech, ecosystems, data analytics, and digital businesses. It serves customers all over the world.

Hannover Digital Investments

Planck

Planck is a commercial insurance data platform, built to enable insurers to instantly and accurately underwrite any business. Its technology platform aggregates and mines massive datasets, using artificial intelligence to automatically generate and deliver key insights, customized to the commercial underwriting process. Its platform brings automation and intelligence to the underwriting process.

Planck is a company working with the insurance sector to offer data insights, applying data science expertise. The company provides solutions like submission prefill, submissions validation, two-question quoting, underwriting recommendations, additional risk factors, audit recommendations, eligibility and exposure monitoring, and renewal recommendation. It uses the company’s APIs to search through industry-specific sources, governmental databases, public records, and business and social networks to find relevant data. Planck has an office in Tel Aviv, Israel. Its customer network includes Sompo Japan, Duck Creek Technologies, and Republic Indemnity.

InsurTech: Infrastructure

Applied Systems acquires AI insurtech provider Planck

<div>
 
 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

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 Applied Systems has purchased Planck, a firm specializing in data science with a focus on providing data insights to the insurance industry. The cost of the acquisition has not been disclosed.
 Planck's product offering includes an AI-powered data platform aimed at commercial insurance, which assists US insurance providers in simplifying the underwriting process for SMEs. The platform furnishes insurers with real-time data and the ability to pinpoint risk factors, thereby allowing instant underwriting of policies.
 With the acquisition of Planck, Applied Systems plans to significantly broaden its AI capabilities throughout its worldwide product offerings. Its strategic goal with this acquisition is to improve both the pace and quality of key business operations such as marketing, sales, renewals, underwriting, servicing, and advisory services.
 
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Planck

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