Start-up funding

Company executives invited entrepreneurs to learn about business problems and come up with ideas for solving them at Milwaukee startup festival.

Companies transforming the sector provide stable returns and a transformative future based on data.

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Other Alphabet units including life-sciences arm Verily had previously invested in the digital health insurer,

A new part of the company’s global underwriting and analytics office, AXIS Digital Ventures will look to build partnerships to improve distribution.

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.

Carriers cite the speed of product development in these programs and the ease of access to dozens of startups in one location as major benefits of these relationships.

The insurtechs showcased their platforms and the potential use cases for the industry, in areas such as claims, customer experience and underwriting.

The insurer set up an innovation lab in 2016 with SVP of Commercial Auto Kim Garland at the helm, but also keeps a sharp eye out for transformation occurring outside company walls by insurtechs.

The NAIC's three-year plan to adopt emerging technologies and a newly announced focus on distracted driving are sure to catch carriers' eyes.

The cash and companies are flowing in, but there are still only a small number of visible use cases that have made a difference in the industry.