Once in a world of sleepy insurance, it is an investor's engine.
Insurance companies have raised billions of dollars in the last four years, but venture capital firms have provided funds to the devastating industry.
A new start-up company, Root Insurance, specializing in auto insurance, joined the club and reached $ 1 billion, with new investment in companies such as life insurance, property insurance, insurance, etc. Insurance shows both the pace of trading in that category and the range of technology developed for the industry.
According to a quarterly survey by Willis Tower Watson Securities, 71 transactions in the second quarter of 2018 invested in insurance technology was $ 527 million. The total committed was indeed significantly lower than the $ 985 million of 64 transactions in the second quarter of 2017, but the total of 71 transactions actually increased.
As Slice Labs's recent $ 20 million expansion has expanded to the original $ 11.6 million series A round closed in October 2017, the opportunity for investors to play an active role in both sides of the insurance industry I am not sure. This is not normal. However, the new standard of investment in insurance technology is abnormal.
Strategic Investor Canadian insurance cooperative $ 3.6 billion joint venture will make a new investment with participation of the company's former investors XL Innovate, Horizonso Fund, Munich Re / HSB Ventures, SOMPO It was. There are Grupo Sura and JetBlue Technology Ventures.
The slice currently offers what is called "cloud computing insurance service" which depends greatly on insurance modeling and approval methods …
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Emerging companies in the insurance industry, as industry players are confusing technology,
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