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 specializes in an online platform for comparing property and casualty insurance, particularly car insurance. Established in 2010, CoverHound provides consumers with the ability to assess their personal insurance needs and receive accurate rate comparisons from top national carriers and local agents. The platform aims to deliver transparent options and smart recommendations, enabling users to find the most suitable policies at competitive prices. Emphasizing consumer control, CoverHound ensures that users receive personalized quotes without spam and with a commitment to protecting their private information.

ELEMENT Insurance AG is a digital insurance provider based in Berlin, Germany, founded in March 2017. The company specializes in creating white-label insurance products and is recognized as a leader in insurance digitalization. Licensed by the German Federal Financial Supervisory Authority, ELEMENT operates as a direct insurer for non-life insurance across 28 European countries, allowing it to manage risks and settle claims directly. ELEMENT's innovative technology platform, referred to as 'Insurance as a Platform,' supports a B2B2X model, enabling various partners—from e-commerce businesses to traditional insurers—to develop and market customized insurance solutions under their own brands. The platform streamlines the insurance value chain, addressing key functions such as actuarial calculations, underwriting, policy administration, customer service, and claims management, thereby enhancing efficiency and reducing complications within the industry.

First Capital Insurance Ltd. is a commercial property and casualty insurer that offers a diverse range of non-life insurance services. The company provides personal insurance products including home, personal accident, travel, and motor insurance. In addition, it caters to commercial clients with various coverage options such as industrial all risks, fire and extra perils, burglary, engineering, liability, marine cargo, hull, and specialized packages for offices and retail/industrial businesses. By delivering comprehensive underwriting services across multiple fields, First Capital Insurance Ltd. aims to meet the insurance needs of both individual and business customers effectively.