Start-up funding

The insurtech intends to make its cloud-based distribution platform available to carriers globally.

Commercial insurer joins Des Moines, Iowa-based program as investor and program mentor.

There are opportunities for carriers of all sizes to get involved, as many startups looking for pilot customers will lower costs to get their foot in the door.

Insurers, municipalities and venture firms are teaming up to identify winning startup technology companies and develop effective solutions for the industry.

Ten to 12 startups will be accepted into the three-month program each year and work out of the Upward Hartford WeWork space.

Carriers should partner with upstart companies to speed digitalization, consultant adds.

But Zhong An's viability is still under review by investors.

The tech firn doubles down on attempts to back early-stage companies that are building software around AI, blockchain and computer vision.

The insurtech will use additional Series B funding to expand product development and services for its customers.

The division of XL Catlin, whose insurtech portfolio includes smart-device company Notion, seeks exceptional management teams in its ventures.