Start-up funding

Startup companies targeting the insurance sector are seeing more investment, but not to the level of the biggest deals in other financial sectors.

The startup companies will go to a final round at the organization's annual conference in New Orleans.

REIN’s DroneInsurance.com supports pilots on both year-round and project bases.

Existing backers Index Ventures and New Enterprise Associates also participated in the funding.

A 13-week program connects MetLife leaders and Techstars mentors with new companies to help refine products.

Once viewed as disruptive competitors and threats to established insurance companies, insurtech startups are increasingly seen as supporting players that can help incumbent insurers enter new markets and offer new services.

Carrier venture arms and Silicon Valley stalwarts alike continue to pour money into startups promising to revolutionize the insurance sector.

The company partners with National Guardian Life to sell insurance coupled with connected toothbrushes in 16 states.

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 $724 million in deal volume so far this year is a significant increase from the same period in 2017, say Willis Towers Watson and CB Insights.