Start-ups
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The move adds actuarial muscle to Qomplx in the wake of the start-up’s agreement to merge with Tailwind, a SPAC. -
The company launched in 18 states last year and plans to enter 11 new markets in 2021.
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The start-up uses artificial intelligence to streamline insurance distribution and underwriting.
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The entity plans to retain up to 30% of risk per program.
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The fund will invest in global "growth-stage” InsurTech and FinTech companies.
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Kornick was formerly the chief analytics officer at UK insurer Aviva.
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The InsurTech could be merged into Reinvent Technology Partners, as Metromile prepares to go public in a similar transaction, Bloomberg reports.
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The latest of a cohort of start-ups will focus on specialty lines syndicated on a global basis through Lloyd’s.
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The move into commercial insurance follows Relay’s development of reinsurance placing tools last year.
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French startup Akur8 automates risk modelling processes for insurers.
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The move follows the company hiring new InsurTech partner Adrian Jones last month.
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The start-up MGA is working with TigerRisk to structure (re)insurance capacity for the business.
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