Thu., 15 February 2018
As venture capital deal volumes in fintech cool, insurtech represents the new wave of opportunity for the venture capital market. Growth in investments and transactional volumes in the insurtech space is at an all-time high (USD $1.3bn globally across Q2-Q3 2017) with 67% accounted for in Angel, Seed and Series A rounds. APAC is the rising star in global insurtech, now accounting for 20% of global transactions, with the US retaining 59% (Willis Tower Watson).
Envest has emerged as one of the most active and effective investors in innovative insurance businesses in Australia. As such, there is no better Insurtech Australia partner to bring us our February event themed on Insurtech – Building Real Value.
Envest is a private, entrepreneurial, equity investment business investing and supporting insurance businesses to help realise growth potential. Envest is in a unique position; it has a portfolio of start-up and incumbent players – brokers, underwriting agencies and insurance service businesses – and an appreciation for the role that technology plays in these businesses. Envest now backs some of Australia’s most successful and promising insurtechs.
We will use our February forum to discuss with Envest, insurtechs and other panelists the finer details of capital raising through the lens of both the investor and the insurtech, including:
· why Insuretechs use external capital;
· how Insurtechs can get investment ready;
· what investors look for in an Insurtech;
· when is the right time to raise capital; and
· what Insuretech’s should look for in finding the right capital provider.
General Partner, Reinventure
Kara is a General Partner at Reinventure Group, a venture capital firm backed by Westpac. She has spent more than 15 years at the intersection of financial services and technology, including as an investor and a founder. She has executive experience in banking in the US and Australia including with Goldman Sachs.
Partner at Envest Investments
Greg leads the Invest team and is an equity partner and a director. In 2006, Greg moved to from South Africa to help build Hollard Australia’s broker and underwriting agency business, eventually leading the Strategic Assets Division. During that time, the business completed over 30 transactions with 25 investment partners, many of which were start-up’s.
Chris Bayley, Co-Founder & Head of New Products, Cover Genius
Chris Bayley is the Co-Founder of Cover Genius, one of the fastest growing insurtechs globally. Cover Genius is the parent company of XCover, a global distribution platform for eCommece companies, RentalCover.com, a global B2B2C specialty line insurer, and BrightWrite, a Machine Learning-based dynamic pricing and ratings optimisation platform.
Founder and CEO of Claim Central Consolidated
Brian Siemsen is founder and chief executive officer of Claim Central Consolidated, a global leader in innovative and disruptive Insurtech, real-time data and claims management. Since 2002, Brian has built a business on his aspiration for the “standard” in claims management practices to be the intelligent use of insurance technologies and digital supply chain solutions.