Capital markets

Bias in underwriting also tackled in discussion at Insurtech NY.

Atlas Financial reported that it had filed a Letter of Intent for the insurtech to acquire two of its units.

Investment in a range of insurtechs, and a new collaboration for hurricane season from Aon.

Deal volume was down as bigger sums flowed to established players.

Self-service inspections for QBE, new owner for Majesco, health insurtech exits stealth.

The large raises of insurtechs that closed out the 2010s aren’t likely to issue in a new decade of pure-play dominance or signal the demise of legacy insurers.

The focus of investment is going to transition in a way that reflects a new phase of development for the insurtech space.

Also: How insurtech Skywatch.ai worked with Google, and Foxquilt looks to expand.

In the post-COVID-19 era, IA Capital's Andy Lerner anticipates more investment in low-touch capabilities that allow insurers to acquire customers less invasively.

Led by Team8 Capital, the round includes three other existing investors, as well as Nationwide and Hannover Digital