Startup

Financial institutions move slowly but they respond with greater urgency when there's a consequence to not adopting technology.

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.

Brittany Clements of American Family Ventures spoke to Digital Insurance about the insurtech investment fund, and shared details about how it backed certain startups.

Responses from insurance professionals about insurtech related trends and uses for next year. 

Digital Insurance curates a list of our top five insurtech stories from the year.

Atidot, founded in Tel Aviv, applies AI to life insurance policy service and marketing to policyholders, so carriers can better understand customer needs.

Cota Capital developed a framework of six pillars to evaluate the viability of embedded insurance opportunities.

A committee of Vesttoo creditors said the company is "viewed as the Madoff of insurance" and that its remaining cash should be preserved so it can pursue potential litigation against former corporate insiders and other parties involved in the alleged fraud, according to a court filing Sunday.

Insurtech founded in 2018 uses AI to evaluate small businesses' risk, making it possible for them to get coverage from top carriers.

A representative for Bolttech declined to comment.