The star-studded funding round includes money from funds associated with Jay-Z, Kevin Durant and Robert Downey Jr., indicating insurtech's broadening appeal.
The shift from its agency model is intended to give the company the ability to provide more tailored offerings to its daycare, fitness center and other small business customers.
The digital giant's involvement with an Indian insurtech doesn't mean it will be selling policies soon, but does give insurers something to think about.
