Venture funding

Stacy Brown-Philpot, former chief executive officer of TaskRabbit, has raised $172 million from investors for a new venture capital fund targeting underrepresented founders.

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

Also, rising claims and risky driving create an uncertain road for auto insurers.

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

Global insurtech funding increased from about $917 million in the second quarter of this year to about $1.1 billion in the third quarter.

There were about 40 funding events in the insurtech sector in September, according to a review by Digital Insurance.

Kim shares with Digital Insurance her take on what is happening in the insurtech space in terms of venture capital funding and the impact of the climate crisis on digital solutions.

There were more than 30 funding events in the insurtech sector between June 1 and June 30, 2023, according to a review by Digital Insurance.

Having first focused on pet insurance, the seven-year-old firm has since expanded into parcel, fire, home and health products. It also insures digital assets from hacking and malware and theft.

Longtime industry executive Henna Karna joins as entrepreneur-in-residence