The insurance industry has so many barriers to entry, founders often run out of energy and money just trying to get in.  The Gateway is a one-stop-shop for founders, where they can get underwriting paper, investment capital and advice on how to design and build their startup, all surrounded by great insurance partners. The Gateway fund supports the portfolio post incubation, to Series A and beyond. “The Gateway are our insurance sherpas, guiding us through the wilderness of insurance” Mark Musson, co-founder, Humn.ai (Gateway portfolio company) Insurers often struggle to innovate within their own businesses, the Gateway enable insurers to do this in a safe environment. They facilitate insurers, technology partners and insurtechs to get to know each other and work together, over the whole duration of building a business. The Gateway would like to meet early-stage founders with game-changing ideas or products, and progressive (re)insurers who are interested in collaboration.

Insurtech Gateway

Shell Technology Ventures (STV) is the corporate strategic investor for Shell.  Specifically, STV is helping Shell identify, adopt, and deploy new technologies faster, investing in ventures that look promising for delivering a meaningful commercial advantage. As a strategic partner, STV makes minority investments in select tech companies, joint ventures and externally managed venture capital funds.

Shell Ventures

Marbruck is an open-ended venture capital group. Marbruck sources, invests, and provides ongoing guidance to early / growth stage technology companies. With no outside capital, Marbruck actively manages a diverse global portfolio of 30+ companies spanning Seed through to pre-listing. Marbruck leverages its intellectual capital, its network of partner investors, and its deep operational experience, to successfully navigate the highest-risk, highest-reward spectrum of investing.

Marbruck

BXR Group is an international private investment group. it invests, both directly and via partner investment funds, in a wide range of industry sectors and into businesses at all stages of maturity.

BXR Group

Founded as an investment firm focusing on the most promising startups, we have evolved into a unique set of private market funds investing globally in equity and debt across complementary sectors and stages. We fuse traditional values with a contemporary approach and balance exacting processes with the agility to capture commercial opportunity and compelling investment returns. Our continuous search for new opportunities has led us to create a balanced collection of complementary funds and relationships.

Salica

Woodside Holdings is a wealth advisory, investment management, and family office service.

Woodside Holdings

Humn.ai

Humn is transforming the insurance industry by connecting data to make insurance smarter. We apply machine learning to traditional insurance models to create data-driven solutions for real-world fleet management problems. By combining multiple data streams, our platform creates accurate risk models that evolve in real time and price insurance premiums for each completed trip. It’s the future of fleet insurance.

Humn.ai was a commercial motor insurtech company that developed RideShur, a cloud-based technology platform for fleet insurance. The platform calculated insurance premiums for fleets in real-time on a trip-by-trip basis using driver, vehicle, and contextual data. The system analyzed driver behavior and provided data-driven insights to fleet managers through an online portal accessible from any devices. In December 2021, Humn.ai launched its core product after initial trials with fleet managers. The company's risk management team provided weekly support, training, and guidance to help fleets improve their risk management throughout the policy period. In 2021, Humn acquired Walsingham Motor Insurance Limited (WMIL), a profitable insurance distribution business. In December 2023, Humn entered administration and in March 2024, its technology assets and intellectual property were acquired by Aon plc to enhance their commercial fleet capabilities.

InsurTech: Infrastructure

Why Aon Is Buying Humn.ai’s Assets

To strengthen its commercial fleet offering by leveraging Humn.ai’s strength in technology assets and intellectual property.

Simplifying the insurance experience for businesses using technology

InsurTech: Commercial Lines

Startups offering auto insurance and usage-based insurance products specifically tailored for businesses, including fleet operators.

Humn.ai was a commercial motor insurtech company that developed RideShur, a cloud-based technology platform for fleet insurance. The platform calculated insurance premiums for fleets in real-time on a trip-by-trip basis using driver, vehicle, and contextual data. The system analyzed driver behavior and provided data-driven insights to fleet managers through an online portal accessible from any devices. In December 2021, Humn.ai launched its core product after initial trials with fleet managers. The company's risk management team provided weekly support, training, and guidance to help fleets improve their risk management throughout the policy period. In 2021, Humn acquired Walsingham Motor Insurance Limited (WMIL), a profitable insurance distribution business. In December 2023, Humn entered administration and in March 2024, its technology assets and intellectual property were acquired by Aon plc to enhance their commercial fleet capabilities.
Key customers and partnerships
In July 2023, Humn partnered with QBE Insurance Group's International Division to provide A-rated insurance policies specifically for the taxi fleet market. Under this partnership, QBE underwrote Humn's fleet products using their risk profiling and management system to offer dynamic pricing insurance solutions to taxi fleets.

Aon snaps up tech assets of in-administration Humn

Humn.ai Partners with QBE Insurance Group to Offer its Innovative Dynamic Pricing Insurance Solution to Taxi Fleets

Humn goes into administration

Humn.ai partners with insurer to boost taxi fleet market presence

Humn.ai Partners with QBE Insurance to Offer Pricing Insurance Solution to Taxi Fleets

Aon acquires assets of UK insurtech Humn.ai

Aon buys in administration Humn.ai’s assets and IP

Aon Acquires AI-Powered Platform to Help Fleet and Mobility Clients Make Better, Insight-Driven Decisions

Aon Acquires Humn.ai to Boost Commercial Fleet Offering

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

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

Humn.ai

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