Funding

Athene, an Apollo unit, is one of several insurers ramping up their participation in net asset value financing, an increasingly popular form of borrowing for private equity funds that need liquidity amid a tough market for cashing out holdings

Brittany Clements, managing director at American Family Ventures (AFV), the venture capital arm of insurer American Family, spoke about how the fund evaluates insurtech startups to back or partner with, and partnership and disruption trends.

There were more than 40 funding events in the insurtech sector in July, according to a review by Digital Insurance.

Each startup receives $100,000 investment and works with gener8tor, Allianz Life and Securian Financial during the three-month program.

Several insurtechs considered or used special purpose acquisition companies, a method of going public, in 2020 and 2021, but the results have been lacking.

There were about 20 funding rounds in the insurtech sector.

Digital insurers got almost 55% of the funding among insurtech companies.

During, “The View from Venture Capital,” at the Digital Insurance DIGIN conference, Dec. 10, three experts involved in venture capital firms discussed what they look for when funding a company and what’s ahead for the industry.

The Dutch company will use some of its surplus cash to add scale organically to the global auto business, Chief Executive Officer Bob Van Dijk said in an interview.

Thiel invested more than $20 million in HySpecIQ LLC, the startup said. The cash will enable the Herndon, Virginia-based company to build and launch two satellites with cameras featuring advanced sensors to peer through solid objects in early 2023.