IA Capital Group

IA Capital Group, based in New York, is a private investment firm that focuses on direct investments across various stages of company development, including private equity, venture capital, and buyouts. Founded in 1992, the firm primarily targets the insurtech and fintech sectors, investing in areas such as payments, financial infrastructure, and insurance technologies. IA Capital Group seeks to partner with innovative entrepreneurs and typically invests between $1.5 million and $10 million in companies that generate sales exceeding $2 million. The firm holds both majority and minority stakes in its portfolio companies and is active in the United States, Canada, Central America, Mexico, and the Caribbean. In addition to its investment activities, IA Capital Group is involved in incubating firms and participating in growth capital and industry consolidation transactions across a diverse range of sectors, including education services, environmental services, and specialized consumer services.

Richie Carchia

Analyst

Matthew Perlman

Partner

Ravi Shah

Vice President

Past deals in InsurTech

Axio

Series B in 2022
Axio Global, Inc. specializes in cyber security products and risk management services designed to help organizations understand and mitigate cyber risks. The company's flagship offering, Axio360, is a comprehensive platform that provides users with dashboards to track security improvements and generate reports for executives. By quantifying cyber risk and assessing the effectiveness of existing cyber capabilities, Axio enables organizations to make informed decisions that enhance their security posture and accelerate their maturity in managing cyber risks. The platform fosters a common understanding of cyber risk across all organizational stakeholders, allowing Chief Information Security Officers to articulate their strategies, risk officers to optimize insurance portfolios, and executive leadership to maintain confidence in their cyber resilience strategies. Incorporated in 2016, Axio is headquartered in New York City, with additional offices in Tysons, Virginia, and Decatur, Georgia.

Afficiency

Series A in 2022
Afficiency Inc. is an insuretech company based in New York, specializing in the development of innovative life insurance solutions. Founded in 2016, the company leverages data and technology to create products that are straightforward for consumers to understand and purchase. Afficiency has introduced a new category in the industry known as Income Replacement Life Insurance, further enhancing its portfolio. Its offerings include a marketplace that automates and accelerates the insurance process, providing customizable policy quoting and AI-driven recommendations. The company collaborates with insurance carriers, distributors, and technology partners to deliver these digital solutions, making the life insurance experience more efficient and accessible. With a management team possessing extensive expertise in life insurance, compliance, risk management, and data science, Afficiency is well-equipped to launch successful products in the market.

Delos Insurance

Seed Round in 2021
Delos is building a digital property insurance company for homeowners in catastrophe areas. Insurance is difficult to find in high risk regions; few insurers write in these areas and the ones that do are expensive and slow. One main cause for this problem is low resolution catastrophe models, which have caused regular insurers to pull out of high risk areas. Our team has extensive experience in data science and aerospace engineering and is creating new, higher-resolution catastrophe models. We use these models to create a new home risk rating system. We will also use our models to innovate on product, actively managing our client's risk and helping them prepare for their likely perils.

Omnidian

Series B in 2021
Omnidian, Inc., an insurance company, provides residential, commercial, and industrial solar system protection plans. It offers solar power performance guarantee product services, including monitoring, field service repair, and performance guarantee for the life of system. The company also monitors and reports the performance of system; optimizes power generation for the life of the system; and diagnoses and repairs residential scale installations. It serves residential fleet owners and lenders, and residential homeowners. Omnidian, Inc. was formerly known as PeGu, Inc. The company was founded in 2015 and is headquartered in Seattle, Washington.

Certificial

Series A in 2021
Certificial is a real-time intelligent insurance verification platform, designed to simplify the Supplier management process by providing businesses with instant access to their Supplier’s insurance coverage and automatic updates when changes to their coverage occurs. The Certificial API integrates directly with brokers’ APIs as well as AMS providers, offering a seamless experience and accessibility for large and small Agents and Brokers alike with no associated costs to Insurers.

Caribou

Series B in 2021
MotoRefi, Inc. operates an automotive refinance platform designed to help customers save on their car loans. By partnering with various local and community lenders, the company offers competitive loan rates and aims to reduce monthly payments, with customers typically saving an average of $100 each month. MotoRefi's secure digital platform allows users to assess potential savings and complete the refinancing process easily from home. The company handles all aspects of the transaction, including paying off the previous lender and retitling the vehicle, eliminating the need for customers to visit the DMV. Founded in 2016, MotoRefi is headquartered in Arlington, Virginia.

Ansel

Series A in 2021
Brella is modernizing supplemental health benefits to build a world where health hardship doesn’t mean financial hardship. Brella’s simple supplemental plan covers 13,000+ conditions and pays cash on the diagnosis that you can use for anything that is needed on the road to recovery. Brella Insurance was founded in 2019 and is based in Hoboken, New Jersey.

Clearcover

Series D in 2021
Clearcover, Inc. is a digital car insurance provider headquartered in Chicago, Illinois, founded in 2016. The company offers an online platform that enables customers to obtain automobile insurance at competitive rates. Clearcover employs an API-first approach to streamline the insurance process, allowing for an intuitive and efficient quote experience. By leveraging advanced technology and minimizing traditional advertising expenses, Clearcover is able to pass savings onto its customers while providing comprehensive coverage options. The company sells its insurance products both through agents and directly online, catering to a wide range of customer needs.

Marble

Seed Round in 2021
Marble is an insurance management platform focused on enhancing the customer experience by offering a rewards-based membership program. This innovative approach allows users to manage their home and auto insurance policies in a single digital wallet, where they can easily compare rates and find suitable policies. By prioritizing the needs of its members, Marble aims to reduce insurance costs and provide value through its loyalty program, which also serves as an effective marketing channel for insurance companies. This dual focus ensures that users not only save money but also earn rewards as they navigate their insurance options, creating a win-win situation for both consumers and providers.

Smartvid io

Venture Round in 2020
Smartvid.io enables the AEC industry to significantly reduce jobsite risk by combining the best of human and artificial intelligence. Smartvid.io's Safety Suite includes Safety Observations, Safety Monitoring and Predictive Analytics products that combine to give project teams and management the ability to predict and prevent incidents - saving lives and preserving timely project delivery. Getting started is easy with pre-built integrations to Autodesk BIM360, Procore, Oracle Aconex, SharePoint, Egnyte, Box, and other data sources. See it in action at www.smartvid.io.

Flyreel

Series A in 2020
Flyreel is the most advanced AI-assisted underwriting solution for commercial and residential properties. Our mobile AI assistant adapts and guides users through the underwriting process using insurance-specific computer vision, creating a detailed baseline record of the property and its contents. Flyreel's solution improves the customer experience and reduces inefficiencies with automation powered by Artificial Intelligence.

Matic Insurance

Series B in 2020
Matic Insurance Services, Inc. is a digital insurance agency that provides tailored insurance solutions for consumers, originators, and insurance servicers. Established in 2014 and headquartered in Columbus, Ohio, with additional offices in Los Angeles, San Francisco, and Lviv, Ukraine, the company partners with various insurance carriers to offer a range of policies. This independent approach enables Matic to deliver optimal recommendations, ensuring clients receive both competitive pricing and suitable coverage options.

Axio

Series A in 2020
Axio Global, Inc. specializes in cyber security products and risk management services designed to help organizations understand and mitigate cyber risks. The company's flagship offering, Axio360, is a comprehensive platform that provides users with dashboards to track security improvements and generate reports for executives. By quantifying cyber risk and assessing the effectiveness of existing cyber capabilities, Axio enables organizations to make informed decisions that enhance their security posture and accelerate their maturity in managing cyber risks. The platform fosters a common understanding of cyber risk across all organizational stakeholders, allowing Chief Information Security Officers to articulate their strategies, risk officers to optimize insurance portfolios, and executive leadership to maintain confidence in their cyber resilience strategies. Incorporated in 2016, Axio is headquartered in New York City, with additional offices in Tysons, Virginia, and Decatur, Georgia.

Boost

Series A in 2020
Boost Insurance USA, Inc. specializes in providing a comprehensive platform for insurtech startups in the property and casualty insurance sector. Established in 2017 and headquartered in New York, Boost offers an infrastructure-as-a-service solution that simplifies the creation and management of insurance products. The platform enables technology companies and emerging startups to seamlessly embed insurance offerings into their existing systems, significantly reducing costs associated with operational, compliance, and capital requirements through straightforward API integration. Boost automates essential processes such as policy administration, claims management, and regulatory compliance, allowing partners to concentrate on enhancing customer experiences and innovating their insurance products. The company is licensed to produce both commercial and personal lines of insurance across all 50 states, delivering modern, 'A'-rated insurance solutions that are backed by leading industry players.

Clearcover

Series C in 2020
Clearcover, Inc. is a digital car insurance provider headquartered in Chicago, Illinois, founded in 2016. The company offers an online platform that enables customers to obtain automobile insurance at competitive rates. Clearcover employs an API-first approach to streamline the insurance process, allowing for an intuitive and efficient quote experience. By leveraging advanced technology and minimizing traditional advertising expenses, Clearcover is able to pass savings onto its customers while providing comprehensive coverage options. The company sells its insurance products both through agents and directly online, catering to a wide range of customer needs.

Tomorrow Ideas

Venture Round in 2019
Tomorrow Ideas, Inc. specializes in developing an application aimed at safeguarding families' financial futures. The app offers a range of features, including tools for creating a last will and testament, establishing a revocable living trust, and setting up guardianship for children and pets. Additionally, it includes calculators for net worth and life insurance, a comparison of term life insurance options, and provides a complimentary insurance policy. The application is accessible on both iOS and Android platforms. Founded in 2015 and headquartered in Seattle, Washington, Tomorrow Ideas is committed to helping families navigate important financial decisions.

Omnidian

Series A in 2019
Omnidian, Inc., an insurance company, provides residential, commercial, and industrial solar system protection plans. It offers solar power performance guarantee product services, including monitoring, field service repair, and performance guarantee for the life of system. The company also monitors and reports the performance of system; optimizes power generation for the life of the system; and diagnoses and repairs residential scale installations. It serves residential fleet owners and lenders, and residential homeowners. Omnidian, Inc. was formerly known as PeGu, Inc. The company was founded in 2015 and is headquartered in Seattle, Washington.

Clearcover

Series B in 2019
Clearcover, Inc. is a digital car insurance provider headquartered in Chicago, Illinois, founded in 2016. The company offers an online platform that enables customers to obtain automobile insurance at competitive rates. Clearcover employs an API-first approach to streamline the insurance process, allowing for an intuitive and efficient quote experience. By leveraging advanced technology and minimizing traditional advertising expenses, Clearcover is able to pass savings onto its customers while providing comprehensive coverage options. The company sells its insurance products both through agents and directly online, catering to a wide range of customer needs.

Protecht

Series A in 2018
Protecht, Inc., operating as TicketGuardian, is a provider of insurtech solutions designed for the consumer experience economy. Founded in 2016 and based in Phoenix, Arizona, the company develops a suite of products that includes ticketing and registration platforms, enabling real-time control over inventory, revenue, and customer engagement. Protecht's technology offers security and scalability for managing demand and protecting data, while also delivering an end-to-end insurance solution tailored for the non-refundable ticketing sector. This includes a transactional insurance engine that allows users to receive refunds for tickets if they cannot attend events due to various covered reasons such as illness, job loss, or emergencies. With a team that boasts over a century of combined experience in fraud, risk, insurance, and finance, Protecht aims to enhance financial control and customer peace of mind in the evolving online economy.

Authentic4D

Series A in 2018
Authentic4D is an insurtech company that specializes in evaluating and visualizing bodily injury claims for insurance companies and attorneys. The company operates a medical imaging review and resolution platform that simplifies complex medical images by converting them into easily understandable videos. This technology allows for side-by-side comparisons of a claimant's medical images with the same anatomy in both healthy and injured states. By providing clear visualizations, Authentic4D enables insurance companies to identify potential fraudulent claims more effectively, ultimately reducing litigation costs and ongoing treatment payments.

SmartAsset

Series C in 2018
SmartAsset is a financial technology company that provides automated personalized financial advice to help individuals make informed financial decisions. Utilizing proprietary technology and unique Automated Financial Modeling software, SmartAsset enables users to simulate the impact of various financial choices on their personal finances. The company offers a range of calculators and tools related to home buying, retirement planning, life insurance, personal loans, and more, which are accessible on its website and through financial publisher sites via its Captivate tool. Additionally, SmartAsset connects consumers with financial advisors through its SmartAdvisor service. To support its mission, the company also features an in-house editorial team that produces thousands of educational articles and data-driven studies, enriching the user experience with valuable financial insights.

Boost

Seed Round in 2017
Boost Insurance USA, Inc. specializes in providing a comprehensive platform for insurtech startups in the property and casualty insurance sector. Established in 2017 and headquartered in New York, Boost offers an infrastructure-as-a-service solution that simplifies the creation and management of insurance products. The platform enables technology companies and emerging startups to seamlessly embed insurance offerings into their existing systems, significantly reducing costs associated with operational, compliance, and capital requirements through straightforward API integration. Boost automates essential processes such as policy administration, claims management, and regulatory compliance, allowing partners to concentrate on enhancing customer experiences and innovating their insurance products. The company is licensed to produce both commercial and personal lines of insurance across all 50 states, delivering modern, 'A'-rated insurance solutions that are backed by leading industry players.

Sure

Series A in 2017
Sure Inc. is a San Diego-based company that specializes in providing a mobile application for purchasing various types of insurance coverage, including luggage, smartphones, personal property, and liability insurance. Founded in 2014, the company partners with multiple insurance providers to offer a range of solutions tailored to consumer needs. Sure's platform facilitates the purchase and management of insurance policies, making it convenient for users to obtain coverage when and where they need it. The company focuses on streamlining the insurance process through digital transformation and offers features that support the entire insurance lifecycle, catering to both consumers and businesses.

Wellthie

Series A in 2017
Wellthie Inc., an insurance technology company, offers broker and carrier shopping tools to simplify insurance distribution for small businesses and individuals. It offers cloud-based e-commerce platform for selling tools, medical and ancillary quotes, broker management dashboard, modeling and scenario planning, online storefront, custom client proposals, distribution channels, marketplace product promotion, small group and individual analysis, market insights, and consumer engagement. The company was founded in 2013 and is headquartered in New York, New York.

Snapsheet

Series C in 2016
Snapsheet is a leader in virtual appraisals and cloud-native claims management software, focusing on transforming the end-to-end claims process through digitization and intelligent automation. The company's software facilitates various stages of claims management, including electronic intake of first notice of loss (FNOL), data investigation, technology-assisted investigation, claims assessment, and digital payment processing for settlements. By offering unmatched technology and processes, Snapsheet enhances customer experience and promotes organizational agility. It has established itself as an industry innovator, deploying one of the fastest digital auto insurance claims processes in the United States. Serving over 100 clients, including major insurance carriers and insurtech firms, Snapsheet is recognized as a trusted partner in claims innovation.

SmartAsset

Series B in 2016
SmartAsset is a financial technology company that provides automated personalized financial advice to help individuals make informed financial decisions. Utilizing proprietary technology and unique Automated Financial Modeling software, SmartAsset enables users to simulate the impact of various financial choices on their personal finances. The company offers a range of calculators and tools related to home buying, retirement planning, life insurance, personal loans, and more, which are accessible on its website and through financial publisher sites via its Captivate tool. Additionally, SmartAsset connects consumers with financial advisors through its SmartAdvisor service. To support its mission, the company also features an in-house editorial team that produces thousands of educational articles and data-driven studies, enriching the user experience with valuable financial insights.

Crown Global Insurance Group

Venture Round in 2015
Crown Global Insurance Group, LLC, through its subsidiaries, provides specialty insurance solutions for high net-worth individuals, hedge funds, private equity, and institutional investors worldwide. It offers private placement life insurance, group annuity contract, fund advisor benefit plan, and private placement variable immediate annuity products. Crown Global Insurance Group, LLC was founded in 1994 and is based in New York, New York with additional offices in North America, Cayman Islands, and Switzerland.

Hamilton Insurance Group

Private Equity Round in 2013
Hamilton Insurance Group is a specialty insurance and reinsurance company that operates globally with underwriting operations in Lloyd's, Ireland, Bermuda, and the United States. The company utilizes analytics and research to enhance underwriting and investment value for its clients and shareholders. Hamilton Insurance Group features three principal underwriting platforms: Hamilton Global Specialty, Hamilton Select, and Hamilton Re, which are organized into two main business segments: International and Bermuda. As of March 31, 2014, the company possessed over $800 million in capital, underscoring its financial foundation in the specialty insurance market.

Financeit

Series A in 2013
Financeit USA Inc. provides an online platform that allows businesses to offer consumer financing to their customers from various Web enabled devices. It also enables user to create and manage loans. The company was founded in 2011 and is based in New York, New York. Financeit USA Inc. operates as a subsidiary of Financeit Canada Inc.

Bolt

Series C in 2006
BOLT is the provider for P&C omni channel customer solutions. The BOLT platform provides a single interface for all channels – field agents, contact center, direct to consumer – with the efficiency of a common infrastructure; common market network and support services built into one platform for all channels. BOLT’s distribution platform’s versatility and scalability means it can be leveraged across one or many different channels. It provides the ability to start smart (maybe one channel today) and scale fast (many channels in the future). The BOLT ecosystem provides the user the ability to proactively offer and sell their own products, with bundled products from other carriers, to ultimately maximize customer solution ownership.

Bolt

Venture Round in 2006
BOLT is the provider for P&C omni channel customer solutions. The BOLT platform provides a single interface for all channels – field agents, contact center, direct to consumer – with the efficiency of a common infrastructure; common market network and support services built into one platform for all channels. BOLT’s distribution platform’s versatility and scalability means it can be leveraged across one or many different channels. It provides the ability to start smart (maybe one channel today) and scale fast (many channels in the future). The BOLT ecosystem provides the user the ability to proactively offer and sell their own products, with bundled products from other carriers, to ultimately maximize customer solution ownership.

Talbot Holdings

Series B in 2004
Talbot Holdings, Ltd. is a specialty insurance group that operates within the Lloyd's insurance market, focusing on underwriting various specialty risks. The company has established strong franchises in marine and energy lines, war and political risks, direct property, and financial institutions, as well as contingency and treaty underwriting. Incorporated in Bermuda, Talbot's management team is based in London. In July 2007, the company was acquired by Validus Holdings Ltd. for $410 million.
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