With InsurTech funding reaching a new record in 2021, $15.4B (CB Insights), the sources of investment have diversified. One of the most important source so far is corporate venture capital (CVC) from insurers. Carriers have been LPs in venture funds since the inception of venture, but now there are more than 40 active CVCs.
For an Insurance Carrier, corporate venture can provide more than just financial returns.
John Grogan, CIO at Northwestern Mutual, shared on the Future of Insurance podcast, “The real beauty of the venture investing work that we’ve done is that it gives us insights into these emerging trends . . . and it has opened the door to a whole host of strategic partnerships . . . .”
Curious to learn more about the latest trends in InsurTech Investment?
Hear from corporate venture units at: Northwestern Mutual, Nationwide, Avanta Ventures, MS&AD, Prudential, and SiriusPoint.
Join us in Palo Alto, CA on May 12 for our Summit on Investing in InsurTech.
Event Info + Registration: https://investingininsurtech.eventbrite.com
Announcing InsurTech Rapids: Founders & Investors Forum
After the success of InsurTech Slopes, we have partnered with InsurTech Hartford for InsurTech Rapids on Jul 21-22. The program is limited to 30 founders and investors that will gather in Santa Fe, New Mexico for a day of educational content and a day of networking on the Rio Grande in Whitewater Rapids.
Previous investors attending included: Anthemis, MunichRe Ventures, AmFam Ventures, SiriusPoint Ventures, QBE Ventures, FF VC, Manchester Story, Distributed Ventures, and more.
Learn more about InsurTech Rapids: https://rapids22.eventbrite.com
Upcoming InsurTech Community Events and Programs
Insurtech SF: Investing in Insurtech
May 12 | 5:30pm – 8:30pm | San Francisco
-Panels Include: Attracting Investors to Pre-Seed/Seed Deals & Being a Strategic to a VC
AI & Automation
June 21 | 5:30pm – 8:00pm | NYC
– Speakers include: Chief Product Officer, Legal & General and Chief Data Scientist at Prudential
InsurTech Rapids: Founders and Investors Forum
Jul 21-22 | 2 Days | Santa Fe, NM
– Investor + Startup tracks on: board structure, financial forecasting, and war stories
InsurTech NY Sponsors
Thank you to our sponsors of our upcoming May and June events.
If you are interested in sponsoring, send us a note at firstname.lastname@example.org.
InsurTech East Coast Deals, Opportunities, and Partner Events
Discover a curated mix of April InsurTech financings, exits, partnerships, opportunities, and partner events on the East Coast.
InsurTech News and Deals
Covr Financial Technologies ($15M, Stone Point Ventures): Life/Health: AI-driven white label distribution platform for the financial industry
Afficiency ($7M, IA Capital): Life: API platform connecting digital distributors to carriers for a completely digital policy cycle.
Policygenius ($125M, KKR): Life/P&C: Digital broker using API and live agents to provide guidance and quotes to consumers within a single application.
Flume Health ($30M, Optum Ventures): Health: API-driven health platform creating a digital process for managing TPAs.
Partner Events and Programs
Insurtech India Annual Event (April 23): Learn more at: IIA Annual Event
InsurTech Hartford Symposium (April 26-27): Learn more at: insurtechhartfordsymposium.com/
AI and Innovative Tech (April 26-27): Learn more at: https://events.reutersevents.com/
InsurTech Insights Americas (May 25-26): Learn more and use “InsurTechNY30” for reduced admission at: https://insurtechinsights.com/america/
The Future of Ins. (June 14-15): Learn more at: https://events.reutersevents.com/
Onramp Insurance Conference (June 15): Use code (INSURTECHNY22) for $100 off: Register Here
Insurtech Connect (Sept 20-22): Use code (200ITC787) for $200 off: Register Here
Jobs at carrier/broker innovation and venture teams
Pacific Life – Sr. Digital Marketing Specialist
Nationwide – Innovation Product Manager (P&C)
See more information and apply via our blog: https://www.insurtechny.com/jobs-april-2022/