InsurTech NY News: Warren Buffet’s Legacy
In the last minute of his address, Warren Buffett shared that he will be stepping down from Berkshire Hathaway.
Deemed the world’s best investor. Buffett zigged where Wall Street zagged. Focusing simply on long-term value investing, he brought midwest common sense values to a world where complexity helped sell the next product.
The Buffett quote that impacts us the most is: “Never invest in a business you cannot understand.”
One industry that Buffett clearly understands is insurance.
In case you did not know, Berkshire owns no less than 21 insurance companies including: GEICO, National Indemnity, General Re, Alleghany, TransRe, RSUI, CapSpecialty, BH Life, BHHC, GUARD, USLI, MedPro, MLMIC, Central States Indemnity, Kansas Bankers Surety, BHSI, BH Direct, biBERK, BHAssurance, BH International Insurance, BH European Insurance
This should be a lesson for us all; invest in what you know, invest in your own industry. Or at the very least take the time to read up on Warren Buffett’s legacy in the many biographies about him.
Spotlight: Most Active Investors and Advisors
In the spirit of Warren Buffett, we decided to conduct research to see which individual people have the most active investments in the InsurTech space. And, have the biggest vested stake in InsurTechs succeeding.
As you will notice, we were not concerned about the Venture Capital funds, but the people behind them that built them and personally were impacted by the success or failure of their startup portfolio.
To be the most inclusive, the list calculated the total number of startups with equity stake, not the amount invested. Here is what counted towards equity stakes:
- Direct investments – equity acquired by direct investments in private InsurTechs
- Activity requirement – InsurTechs must be active. Exited or shutdown companies were excluded
- Only validated ownership – if an entity invested in the fund and it could not be traced to an individual owner, it was excluded
- Accepted sources of equity stake: General Partner (GP) carry for VCs in the funds they are partners, direct investments made by an individual into a startup, and advisory shares obtained from helping founders
We reached out to active investors in the community but may have missed some of them. If you want to be added, email contact@insurtechny.com with your data.
This is our first attempt, and data will be continuously updated as we get more data and participation. (Note that David Gritz and Tony Lew tops the charts mainly due to their positions obtained from InsurTech Fund and MGA Lab).
Upcoming InsurTech Community Events and Programs
(Webinar) – Tariff Turbulence: What it Means for Risk
June 3rd, 2025 | 5:45 pm – 8:00 pm
Join us for Tariff Turbulence, a fast-paced evening exploring the latest political, regulatory, and trade developments shaking the insurance and risk landscape.
Agentic AI Webinar: Jargon or Buzzword?
August 13th, 2025 | 2:00 pm – 3:00 pm
1000+ influencers, 100+ speakers, 10 startup presentations, + expo hall
Portfolio Spotlight: Quantee Acquired by Guidewire
We’re proud to share that Quantee, one of The InsurTech Fund’s earliest portfolio companies, has entered into a definitive agreement to be acquired by Guidewire Software Inc.
From day one, Quantee set out to redefine how insurers approach pricing—with a bold vision, exceptional execution, and a deep commitment to technical excellence. Their dynamic pricing engine is now poised to help Guidewire bring smarter, faster, and more accurate pricing decisions to carriers around the globe.
Congratulations to Dawid, Mat, and the entire Quantee team on this well-earned milestone.
Read the Guidewire official press release here.
InsureTerms
Our partners over at Troutman Pepper Locke (Formerly Locke Lord) will be helping to inform the community, by creating a glossary of terms used in the Insurance industry.
Certificate of Insurance – Certificate of Insurance – or COI – has two meanings, depending on the context. First, a certificate of insurance can mean insurance coverage that is issued pursuant … Read More
InsurTech Deals, Opportunities, and Partner Events
Discover a curated mix of InsurTech financings, exits, partnerships, opportunities, and partner events on the East Coast.
InsurTech News and Deals
Meanwhile ($40M, Framework Ventures): Hamilton, Ontario based Digital asset-focused insurtech firm
Luzern Risk ($12M, Caffeinated Capital): NYC-based provider of a captive insurance platform
Kay.ai ($3M, Wing VC): NYC-based AI-powered data entry agent for insurance operations
Sohar Health ($3.8M, Kindred Capital): NYC-based AI-powered insurance eligibility verification provider
Arlo ($4M, Upfront Ventures): NYC-based AI-powered health insurance underwriter for small businesses
Singlekey, an InsurTech Fund member, has announced their partnership with Leasey.ai, expanding their offering of advanced tenant screening and management tools.
Partner Events and Programs
- Big I New York (May 14-15)
- Insurance Innovators 2025 (May 19-20 | Nashville, TN)
- Fintech + Insurtech Generations 2025 (June 11-12 | Charlotte, NC) – Use code INNY15 for 15% off registration
See more information about our partner events here:
https://www.insurtechny.com/2025-insurtech-conference-calendar/
Partner Event Spotlight: Equisoft Life Accelerated Cruise
Back by popular demand, the Equisoft Life Accelerated Cruise offers a unique opportunity to connect with the industry’s most forward-thinking leaders in a private, upscale setting. As we cruise along Manhattan’s iconic skyline, we’ll explore how insurers and insurtechs are navigating the challenges and opportunities of AI, data modernization, and digital transformation. This exclusive, invite-only evening is designed for candid conversations, high-impact networking, and inspiration under the stars.
Jobs at carrier/broker innovation and venture teams
Curious about Investing in InsurTech?
If you want to learn more about how you can personally or through your company invest in the next generation of the insurance industry (InsurTech) and take a page from Warren Buffett’s book, please reach out to us at: contact@insurtechny.com
Happy to have a conversation with you about ways to do it and opportunities within our portfolio.
