InsurTech
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In an interview with Inside P&C, Prashanth Gangu also argued that InsurTechs should stay private for as long as possible, and InsurTech MGAs should not rush to transition to full stack until they prove that their business models work.
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The funding was led by Anthemis Group, Blue Bear Capital and QBE Ventures.
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Based in Chicago, Sayers will oversee the agency’s broker relationships and expansion throughout North America.
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ClarionDoor serves more than 70 customers globally across all P&C lines and provides a cloud-native, API-first, no-code, SaaS rating engine.
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The CEO said Pie is “actively pursuing” additional shell companies in commercial insurance to further facilitate its transition to full-stack insurer.
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As a result of the deal, EY, through its wholly owned subsidiary Shackleton, becomes a minority shareholder in IncubEx.
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The partnership will allow Corvus to provide its clients with a comprehensive analysis of cyber risk exposure, the company said in a statement.
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After Slide completed a $100mn fundraise, the CEO laid out the InsurTech’s plans to launch in five states at the start of 2022 in an interview with Inside P&C.
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Slide will use the funding to accelerate its development of data-driven technology and operations.
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K2 Parametric will offer policies that pay pre-agreed claim amounts based on local parameters of measurable events, such as hurricanes or earthquakes.
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The investment comes as Resilience plans for middle-market expansion and international growth, bringing the company’s valuation to $650mn.
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The pairing’s embedded insurance model combines the risk analytics of Demex and the data-driven insurance offerings of Vave into “robust, climate resiliency insurance”.
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