Allianz X, established in Munich, Germany in 2013, is a digital investment unit of the Allianz Group. It focuses on investing in late-stage digital growth companies operating within insurance-related ecosystems such as mobility, connected property, health, wealth management, retirement, and data intelligence & cybersecurity.
Openly is an insurance company specializing in homeowners insurance and related property and casualty coverage, sold through independent agents. Founded in 2017 and headquartered in Boston, Massachusetts, it began as a managing general agent and later became a full insurance carrier. Openly uses technology-enabled underwriting and policy servicing to deliver homeowners coverage through its network of independent agents.
Pie Insurance
Series D in 2022
Pie Insurance is a technology-enabled workers’ compensation insurer that provides online coverage to small businesses. The company uses high-quality data sets and analytics to segment and price policies, assess risk, and pass savings to owners, supported by an online experience and a price predictor that estimates risk profiles and pricing. It began selling policies in 2018 and is based in Washington, DC, led by co-founder and CEO John Swigart. Pie targets small and medium-sized enterprises, aiming to increase transparency in coverage and empower business owners to make informed purchasing decisions. The business emphasizes straightforward, data-driven underwriting and seeks to expand through strategic initiatives to offer scalable workers’ comp solutions via a digital platform.
Pie Insurance
Series C in 2021
Pie Insurance is a technology-enabled workers’ compensation insurer that provides online coverage to small businesses. The company uses high-quality data sets and analytics to segment and price policies, assess risk, and pass savings to owners, supported by an online experience and a price predictor that estimates risk profiles and pricing. It began selling policies in 2018 and is based in Washington, DC, led by co-founder and CEO John Swigart. Pie targets small and medium-sized enterprises, aiming to increase transparency in coverage and empower business owners to make informed purchasing decisions. The business emphasizes straightforward, data-driven underwriting and seeks to expand through strategic initiatives to offer scalable workers’ comp solutions via a digital platform.
Lemonade
Corporate Round in 2017
Lemonade, Inc. is an innovative insurance company that provides a range of insurance products in the United States and Europe, including homeowners, renters, and landlord insurance. Founded in 2015 and headquartered in New York, the company utilizes artificial intelligence and behavioral economics to streamline the insurance process, eliminating traditional brokers and paperwork. By employing advanced technology, Lemonade offers instant service and sets competitive rates for its policies. The company also acts as an agent for other insurance providers, further expanding its offerings. With a commitment to social good, Lemonade aims to transform the insurance industry by prioritizing transparency and efficiency.
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