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The San Francisco-based InsurTech launched in the UK in 2016 with Axa Insurance UK. -
Partner Martha Notaras will pursue projects outside of XL Innovate.
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A large technological vacuum created after years of neglect is at the heart of InsurTech’s recent rapid growth, delegates heard at InsiderTech New York.
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A fourth, more complex product will be offered to the market in the fourth quarter, Attune CEO James Hobson told InsiderTech New York.
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Start-ups continue to find the regulatory environment in the US an obstacle, delegates at InsiderTech New York were told.
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‘We won’t all be killed by dragons’, the StarStone Group chairman says.
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The Santa Monica start-up has raised $23.1mn to date.
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The round was led by venture capitalist fund True Ventures with participation from Underscore VC.
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The executive points to the aviation market and China as areas of opportunity.
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The partnership envisages InsurTechs participating in trade missions, among other joint initiatives.
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The InsurTech incubator aims to raise as much as $38mn.
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The local business will be led by former Takaful Emarat executive Shahid Safdar.
