Venture funding

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.

AI promises to disrupt insurance and to provide major competitive advantage. The result is a flood of investments for leading players.

Life insurer also announces a brand new venture capital investment fund, led by its chief digital office.

Rather than looking to innovate on products, startups in life insurance concentrate on distribution as a way to improve the sector, say Accenture panelists.

Midwestern insurer creates accelerator and venture capital fund intended to build up Milwaukee's startup community.

The life carrier is keen on finding the startups that will define insurance user experience and distribution in the future, says managing director Doug Russell.

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

Total funding activity is up compared to Q1 2017 and from the same time last year.

Jonathan Larsen joins the Chinese insurer after 18 years at the banking giant.