Mitsui Sumitomo Insurance USA

Transverse Venture Fund is an early-stage venture capital fund managed by Transverse Insurance Group, based in Warren, New Jersey. Established in 2018, Transverse Insurance Group operates as a property and casualty program carrier, collaborating with reinsurers and program administrators to offer a diverse range of insurance products for both commercial and personal lines. The fund aims to support innovative startups, leveraging the insurance group's expertise in risk retention and active participation throughout the program cycle. By focusing on early-stage investments, Transverse Venture Fund seeks to identify and nurture promising ventures that align with its strategic objectives.

Hippo Insurance Services is a home insurance provider that aims to redefine homeowner protection through a comprehensive approach. The company utilizes real-time data and smart home technology to create an integrated home protection platform designed to alleviate the concerns associated with homeownership. Headquartered in Palo Alto, California, with additional offices in Austin and Dallas, Hippo offers its insurance products to over 80 percent of U.S. homeowners across 37 states. The company covers a wide range of assets, including electronics, home offices, and appliances, while also providing unique coverage options for water backup and service lines. Hippo operates through various segments, with the majority of its revenue generated from its Insurance-as-a-Service platform, which supports third-party managing general agents. As a licensed property casualty insurance agent, Hippo collaborates with multiple insurance companies to underwrite its products.

CoverHound, Inc., operating as CoverHound Insurance Solutions, is a technology company based in San Francisco, California, that provides a comparison shopping platform for car and property insurance. Founded in 2010, CoverHound connects consumers with national insurance carriers and local agents, allowing them to compare accurate rates and find policies that suit their individual needs. The platform is designed to offer transparent access to insurance options, providing smart recommendations and personalized quotes without spamming users. With a focus on user control and data privacy, CoverHound facilitates a seamless experience for customers seeking to shop for and purchase insurance.

ELEMENT Insurance AG, founded in March 2017 and based in Berlin, Germany, specializes in digital insurance services and InsurTech innovations. The company operates as a licensed direct insurer for non-life insurance, authorized by the German Federal Financial Supervisory Authority to function as a risk carrier across 28 European countries. ELEMENT provides a unique technology platform known as "Insurance as a Platform," which supports a B2B2X value chain. It collaborates with various partners, ranging from e-commerce businesses to established insurance firms, to develop customized white-label insurance products quickly. By enabling its partners to market these innovative products under their own brands, ELEMENT addresses the complexities of the insurance value chain, including actuarial calculations, underwriting, policy administration, customer service, and claims management.

First Capital Insurance Ltd. is a commercial property and casualty insurer that offers a range of non-life insurance services. The company provides personal insurance products, including home, personal accident, travel, and motor insurance. For commercial clients, First Capital Insurance offers a comprehensive suite of coverage, including industrial all risks, fire and extra perils, burglary, engineering, liability, marine cargo, and hull insurance. Additionally, the company provides packages tailored for offices and retail and industrial businesses. Through its diverse offerings, First Capital Insurance aims to meet the reliable insurance needs of both individual and commercial customers.