InsuranceDekho
Series B in 2023
InsuranceDekho is an insurtech platform that enables users to compare and purchase a wide range of insurance products, including travel, health, life, motor, and commercial coverage. The platform lets customers view policy terms, compare quotes from rated insurers, and complete transactions online, helping users select plans such as term, health, life, investment, car, or bike policies that meet their needs and budget.
Max Financial Services
Post in 2023
Max Financial Services, a subsidiary of the US $3.2 billion Max Group, operates as a holding company based in Noida, India. It manages a diverse portfolio, including packaging films, real estate, and business investments. Notably, it serves as the parent company of Max Life, actively managing a 72% stake in Max Life Insurance Co. Ltd, a joint venture with Mitsui Sumitomo Insurance. Max Financial Services' primary revenue driver is its life insurance segment.
InsuranceDekho
Venture Round in 2023
InsuranceDekho is an insurtech platform that enables users to compare and purchase a wide range of insurance products, including travel, health, life, motor, and commercial coverage. The platform lets customers view policy terms, compare quotes from rated insurers, and complete transactions online, helping users select plans such as term, health, life, investment, car, or bike policies that meet their needs and budget.
Vesttoo Ltd is a Tel Aviv-based company that operates an artificial intelligence-driven financial risk management platform. Established in 2018, Vesttoo focuses on creating a marketplace for non-catastrophic insurance-based risk transfer and investments, connecting insurance companies with institutional investors. Its proprietary technology enhances risk transfer and liquidity in the life and property & casualty insurance markets by facilitating faster deal structuring, risk modeling, pricing, and index calculation. Vesttoo provides a range of solutions that cater to the legal, regulatory, and accounting needs of its clients, which include insurers, reinsurers, and pension funds. By offering asset managers access to diverse, uncorrelated investment options linked to insurance and reinsurance premiums, the company positions itself as a significant alternative to traditional reinsurance models. Vesttoo's innovation has garnered recognition through participation in prestigious fintech accelerators and collaborations with industry leaders, further establishing its role in merging insurance with capital market dynamics.
The Clear Group
Acquisition in 2022
Clear Insurance Management is an independent Chartered insurance broker that offers a comprehensive range of insurance brokerage services to start-ups, small to medium enterprises, multinationals, and individuals. The company provides various insurance products, including after-the-event insurance, business interruption, commercial combined insurance, motor fleet insurance, property owners insurance, legal and professional indemnities, and employee benefits. By delivering these diverse offerings, Clear Insurance Management aims to meet the diverse insurance needs of its clients efficiently and effectively.
The Clear Group
Private Equity Round in 2022
Clear Insurance Management is an independent Chartered insurance broker that offers a comprehensive range of insurance brokerage services to start-ups, small to medium enterprises, multinationals, and individuals. The company provides various insurance products, including after-the-event insurance, business interruption, commercial combined insurance, motor fleet insurance, property owners insurance, legal and professional indemnities, and employee benefits. By delivering these diverse offerings, Clear Insurance Management aims to meet the diverse insurance needs of its clients efficiently and effectively.
SBI Life Insurance, founded in 2000, is a prominent life insurance company based in India. It provides a variety of life insurance products designed to meet the diverse needs of individuals and groups. Its offerings include individual life insurance plans, retirement pensions, health protections, and savings plans. Notable products include Poorna Suraksha, Sampoorn Cancer Suraksha, eShield, and CapAssure Gold. The company operates through several segments, including Participating, Non-Participating, and Linked segments, with the Non-Participating segment being the primary source of revenue. This segment encompasses endowment products, variable insurance plans, immediate annuity products, and group protection products, catering to a wide range of customer requirements in life, health, and micro-insurance.
Xempus is a prominent European platform specializing in the distribution of pension and life insurance products. It operates as a software-as-a-service solution, facilitating the online purchase and management of these financial products for life insurers, insurance agents, corporations, and employees. The platform is designed to streamline information flows and enhance user experiences by providing a cohesive interface that connects all relevant stakeholders. With a user base that includes over 250,000 corporations, more than 55,000 insurance agents, 200 sales organizations, and 45 life insurers, Xempus demonstrates significant market reach and influence. The company is headquartered in Munich, with additional offices in Berlin and Saarbrücken, and employs over 170 professionals dedicated to advancing its technological offerings in the financial sector.
Ethos Life
Series C in 2019
Ethos Life is an insurance company based in San Francisco, California, that specializes in providing modern and ethical life insurance products, primarily term life insurance. Founded in 2016, Ethos aims to make life insurance affordable, accessible, and instant, addressing a significant market valued at $650 billion. The company employs innovative software to enhance the customer experience and utilizes technology to tailor coverage to individual needs. Ethos policies are issued and guaranteed by Legal & General America, a well-established life insurance provider. The company emphasizes a human approach in its services, striving to protect families through personalized insurance solutions.
Hastings Direct
Private Equity Round in 2013
Hastings Direct is a digitally focused general insurance provider based in Bexhill-on-Sea, East Sussex, offering a comprehensive range of car, van, bike, and home insurance products in the UK market. Established in 1996, the company prides itself on its agile and data-driven business model, which facilitates competitive pricing and straightforward services for its over 2.2 million customers. Hastings Direct operates through two main divisions: Hastings Insurance Services Limited, responsible for customer relationships, pricing, and product design, and Advantage Insurance Company Limited, which manages risk selection and claims handling. This integrated approach allows Hastings to effectively separate product manufacturing from distribution while maintaining strong relationships with major price comparison websites and enhancing customer retention. The company is committed to supporting its colleagues through training and development, fostering a culture that prioritizes the well-being of its employees, customers, and the wider community.
USI Holding
Acquisition in 2007
USI is a leader in insurance brokerage and consulting. With more than 4,000 dedicated, experienced and innovative professionals in more than 140 offices across the United States, they have a team of professionals nearby ready to serve you.
USI Insurance Services leverages the USI ONE Advantage to deliver risk management and benefit solutions with bottom-line financial impact.
Bestow Inc., established in 2016 and based in Dallas, Texas, operates as a digital life insurance company. It provides life insurance services to individuals, leveraging data-driven technology applications and algorithmic underwriting to assess risks efficiently. The company partners with top carriers to enhance processes from origination to administration, aiming to increase financial stability for all.