QBE Ventures

Converge operates as a cyber insurance company that offers businesses comprehensive protection against digital threats. By integrating insurance, security, and technology, it provides a broad range of coverage tailored to address various cyber risks. Utilizing proprietary data analytics, Converge develops customized insurance packages that cater to the unique exposures faced by organizations. This approach enables clients to effectively manage complex digital risks, ensuring a holistic safeguard for their operations.

Digital Commercial Insurance

Lazarus AI is an advanced document understanding API that leverages large language models to interpret and query extracted data from any document without the need for training. The company's RikAI API uses large language models to interpret and query data from various documents, enhancing data extraction processes. Lazarus AI provides tailored machine learning solutions aimed at improving document understanding and data activation for industries like insurance and healthcare.

Snorkel AI, Inc. is a company that develops a comprehensive machine-learning platform designed to facilitate the creation, management, and monitoring of AI applications. Its primary offering, Snorkel Flow, allows users to programmatically label and augment training data, manage and integrate various datasets, and deploy machine learning models, while also providing tools for data analysis and monitoring. The platform is particularly effective in extracting structured information from complex documents and forms, as well as ranking content based on relevance. Founded in 2016 and based in Palo Alto, California, Snorkel AI serves a diverse range of industries, including finance, government, telecommunications, insurance, healthcare, and e-commerce. The technology was developed at Stanford AI Lab and employs innovative methods such as weak supervision to enhance data preparation, thereby streamlining the AI development process for enterprises.

CLARA Analytics, Inc. specializes in developing analytical tools and software solutions for workers' compensation and workplace injury claims. Founded in 2016 and based in Santa Clara, California, the company offers products that leverage artificial intelligence, including image recognition and natural language processing, to extract valuable insights from medical notes and claims documentation. Their primary offerings include PUMA, which recommends claim providers for injured workers, and CATT, designed to minimize claim escalations and reduce the need for attorney involvement. By providing predictive insights, CLARA enables claims adjusters to manage costs effectively and optimize outcomes for insurance carriers, customers, and claimants. Their clientele includes top global insurance carriers, large third-party administrators, and self-insured organizations, all benefiting from enhanced decision-making capabilities and improved claims management.

YellowBird is an online marketplace connecting businesses to the right environmental, health, and safety professionals simply and easily.

Mitti Insurance is a data-driven insurance company that focuses on integrating risk management with insurance solutions. By partnering with businesses, Mitti aims to mitigate risks through its innovative technology platform. The company employs risk monitoring tools, including a digital inspection app and various sensors, which provide clients with enhanced visibility into their daily operations. This approach allows businesses to identify and address potential risks proactively, ultimately fostering a safer operational environment.

Geosite Inc. is a company that develops a cloud-based platform for managing and utilizing geospatial data, including satellite imagery and drone mapping. Established in 2018 and headquartered in Palo Alto, California, the platform enables users to access high-frequency satellite data, planning tools, and sensor system integrations. It serves various sectors, including energy, defense, and technology, providing tools for incident management and operational workflows. Geosite's offerings include a marketplace for decision-grade spatial imagery, catering to clients such as the United States military and organizations in the energy sector.

Iluminr specializes in developing cloud-based tools aimed at enhancing crisis management practices for organizations worldwide. The company offers solutions that facilitate threat monitoring, contextual threat analysis, and automated alerts, enabling timely awareness of potential risks such as health pandemics, cyber attacks, natural disasters, and security incidents. By providing insights and tools for effective communication with stakeholders, Iluminr helps businesses minimize the impact of critical events while maximizing potential opportunities. Their approach streamlines emergency program compliance and management, ensuring organizations are better equipped to respond to challenges as they arise.

LeaseLock Inc. is an insurance technology company that provides lease guarantor services for renters by replacing traditional security deposits with insurance. Founded in 2013 and based in Marina Del Rey, California, LeaseLock streamlines the rental process through its online application, eliminating the need for cosigners and facilitating instant lease approvals. The company's flagship product utilizes artificial intelligence to optimize coverage based on property history, resulting in significant improvements in conversion rates and reduced vacancy for property owners. LeaseLock has insured over $1 billion in leases, backed by insurance rated A (Excellent) by A.M. Best. The company has strategic partnerships with notable investors, including SoftBank Ventures Asia and Liberty Mutual Strategic Ventures, which support its mission to enhance the rental experience and minimize financial risks for apartment operators.

Demex is an independent data and analytics company that addresses the increasing challenge of property losses from secondary perils, such as extreme weather events. By partnering with reinsurance brokers, insurers, and reinsurers, Demex utilizes advanced modeling techniques that incorporate weather and claims data, along with climate research, to assess loss accumulation. The company provides parametric stop-loss solutions tailored to the needs of its clients, effectively handling risks that exceed traditional catastrophe losses. Through its risk management platform, Demex enables businesses to analyze, price, and transfer climate-linked risks, thereby enhancing their ability to manage financial risks associated with severe weather conditions like hurricanes, heat waves, and droughts. This innovative approach supports the sustainability of insurers' operations in a changing climate.

Jupiter Intelligence, Inc. is a company that specializes in climate risk analytics, providing tools and platforms that deliver weather and climate data, trend visualizations, forecasts, and risk assessments. Its ClimateScore Intelligence Platform utilizes cloud computing to integrate various prediction models, processing data from numerous ground-based and satellite sensors. Jupiter also offers specific products like FloodScore, which aids users in preparing for potential flooding linked to climate change, and HeatScore, designed to help organizations anticipate and mitigate the impacts of extreme temperatures. Founded in 2017 and based in San Mateo, California, Jupiter Intelligence transforms complex climate science into actionable insights, enabling businesses to assess physical risks, comply with regulations, and address reputational concerns related to climate change.

Tensorflight is a provider of commercial property data, leveraging machine learning, artificial intelligence, and computer vision to deliver accurate and timely insights. The company's platform analyzes images of buildings to create a comprehensive database that includes information such as building footprints, square footage, replacement costs, number of stories, construction types, and roof attributes. This detailed property intelligence optimizes the underwriting and claims processes for insurance companies by utilizing aerial imagery and other data sources to enhance risk assessment and premium pricing. Tensorflight's technology aims to streamline property investigations, providing actionable insights for better portfolio management.

Bold Penguin is a commercial insurance exchange that connects customers, agents, and carriers to match the right quote in record time. With a heavy focus on the agents, Bold Penguin pushes the boundaries of user experience for businesses, an easy tool for agents, and a streamlined process of underwriting for carriers. The company operates an Exchange which utilizes a set of solutions to identify, triage, quote, and bind commercial insurance in a highly efficient and tech-enabled way. It plans to deliver on the platform enhancements which include more flexibility in how the core technology is leveraged by enterprise customers, expanding in excess and surplus lines. The Company offers a streamlined process of underwriting for carriers in commercial property and casualty insurance services. Bold Penguin was founded in 2016 and is headquartered in Columbus, Ohio, USA.

Jupiter Intelligence, Inc. is a company that specializes in climate risk analytics, providing tools and platforms that deliver weather and climate data, trend visualizations, forecasts, and risk assessments. Its ClimateScore Intelligence Platform utilizes cloud computing to integrate various prediction models, processing data from numerous ground-based and satellite sensors. Jupiter also offers specific products like FloodScore, which aids users in preparing for potential flooding linked to climate change, and HeatScore, designed to help organizations anticipate and mitigate the impacts of extreme temperatures. Founded in 2017 and based in San Mateo, California, Jupiter Intelligence transforms complex climate science into actionable insights, enabling businesses to assess physical risks, comply with regulations, and address reputational concerns related to climate change.

Hyperscience is a technology company that specializes in AI-based enterprise software aimed at automating office work processes. The software utilizes machine learning to handle structured and semi-structured documents, facilitating tasks such as data entry, extraction of key details from invoices, and reconciliation of compliance-driven data. By automating these complex processes, Hyperscience helps organizations and governments enhance productivity and modernize essential operations.

Zeguro Inc. is a San Francisco-based company that develops a cyber security and cyber insurance platform specifically designed for small to medium-sized enterprises. Established in 2016, Zeguro focuses on helping these businesses identify and mitigate cyber risks through a comprehensive approach that includes micro-insurance as part of their security framework. The platform offers coverage against various cyber threats, including data breaches, business interruptions, cyber extortion, and payment fraud. Additionally, Zeguro provides cybersecurity training and monitoring services, enabling organizations to effectively assess their vulnerabilities while securing affordable and relevant cyber insurance solutions.

The World Bank Group, established in 1944 and headquartered in Washington, D.C., is an international financial institution that provides essential financial and technical assistance to developing countries. It comprises five institutions that work collectively to reduce poverty and promote sustainable development. The World Bank Group offers low-interest loans, interest-free credits, and grants to support a variety of sectors, including education, health, infrastructure, agriculture, and environmental management. Additionally, it provides analytic services such as poverty assessments and economic reports, along with advisory services to facilitate foreign investments and private sector development. The organization collaborates with governments, multilateral institutions, and private investors to cofinance projects, while also managing initiatives funded by bilateral and multilateral donors. With a workforce of over 10,000 employees across more than 120 offices worldwide, the World Bank Group plays a critical role in addressing the developmental needs of various regions.

Hyperscience is a technology company that specializes in AI-based enterprise software aimed at automating office work processes. The software utilizes machine learning to handle structured and semi-structured documents, facilitating tasks such as data entry, extraction of key details from invoices, and reconciliation of compliance-driven data. By automating these complex processes, Hyperscience helps organizations and governments enhance productivity and modernize essential operations.

Cytora is a London-based company founded in 2014 that specializes in a configurable platform designed for commercial insurers to enhance their risk processing capabilities. The platform digitizes incoming risks and enriches them with both internal and external data sources. It evaluates these risks using various rules related to appetite and priority before directing them to downstream systems for either automated or manual underwriting. By leveraging artificial intelligence, Cytora's platform learns the patterns of different risks and loss outcomes over time, allowing insurers to assign a rank, score, and price to each property and organization. This approach aims to improve risk selection, pricing accuracy, and overall efficiency in underwriting processes.

RiskGenius is a developer of a policy review platform that utilizes artificial intelligence and machine learning to enhance the efficiency of insurance professionals. The platform is designed to connect underwriters, brokers, and regulators by interpreting, organizing, and standardizing insurance policy language. Through its custom algorithms and workflow modules, RiskGenius enables users to gain a clearer understanding of policy details and streamline their underwriting processes. This automation leads to more effective workflows and improved communication within the insurance industry.

Optima Insurance Group focuses on small and mid-size selected property and casualty commercial risks and personal lines. Insurance is distributed through a wide network of independent brokers and agents, along with diverse agreements with local financial entities.

QBE NAU was founded by the Deal family. The Deals and members of QBE NAU's leadership team are true pioneers. Jim Deal helped initiate the successful partnership between the government and private sector in the early 1980's. The goal was to improve the financial security of their nation's farming community. As a result of these efforts, crop insurance has become the primary risk management tool for the American farmer. QBE NAU has a well-deserved reputation for providing outstanding customer service to their agents and farmer producers and is an industry leader in innovative technology. For this reason, they've grown over the years; they’re currently licensed in 47 states and employ over 600 field and office staff across the country. As America's foremost crop insurer, QBE NAU provides the financial strength needed in today's insurance environment for their customers' security now and in the future. QBE NAU is part of QBE Insurance Group Limited, one of the top 20 insurers and reinsurers worldwide.

Cumbre Compañía de Seguros is a small organization in the detective and armored car services.

British Marine is the trade association for the UK leisure, superyacht and small commercial marine industry.

Snorkel AI, Inc. is a company that develops a comprehensive machine-learning platform designed to facilitate the creation, management, and monitoring of AI applications. Its primary offering, Snorkel Flow, allows users to programmatically label and augment training data, manage and integrate various datasets, and deploy machine learning models, while also providing tools for data analysis and monitoring. The platform is particularly effective in extracting structured information from complex documents and forms, as well as ranking content based on relevance. Founded in 2016 and based in Palo Alto, California, Snorkel AI serves a diverse range of industries, including finance, government, telecommunications, insurance, healthcare, and e-commerce. The technology was developed at Stanford AI Lab and employs innovative methods such as weak supervision to enhance data preparation, thereby streamlining the AI development process for enterprises.