quarterly-insurtech-briefing-q4-2017
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Q4 <strong>2017</strong> Industry Theme<br />
The Sobering of InsurTech: Adapting Business<br />
Models for Incumbents<br />
Data & Analytics – Selected Companies<br />
Data & Analytics<br />
(US$ in millions)<br />
# Company Total<br />
Funding<br />
Investor(s)<br />
1 The Climate 108.8 • Monsanto<br />
Corporation<br />
(Monsanto)<br />
2 Cyence<br />
(Guidewire)<br />
40.0 • Guidewire Software<br />
3 PremFina 36.0 • Draper Esprit<br />
• Emery Capital<br />
• Fineqia International<br />
• Microsoft Accelerator<br />
• Other Investors (a)<br />
4 Weather 32.8 • Tokio Marine HCC<br />
Analytics<br />
• W. R. Berkley<br />
• Other Investors (b)<br />
5 ProspX 27.6 • Adams Capital<br />
• HPI Real Estate<br />
Services<br />
• Undisclosed<br />
Investors<br />
6 Conservis 26.7 • Cultivian Sandbox<br />
• Heartland Advisors<br />
• Middleland Capital<br />
• Undisclosed<br />
Investors<br />
7 Zubie 24.0 • Best Buy<br />
• Castrol innoVentures<br />
• Melody Capital<br />
• NGP Capital<br />
• Other Investors (c)<br />
8 Friss 19.1 • Aquiline<br />
• BlackFin Capital<br />
• VentureClash<br />
9 Valen<br />
Technologies<br />
(Insurity)<br />
16.0 • Insurity<br />
Description<br />
• Advanced analytics platform that combines hyper-local<br />
weather monitoring, agronomic data modeling and high<br />
resolution weather simulations to help farmers protect and<br />
improve farming operations<br />
• Authorized provider of the U.S. Federal crop insurance program<br />
• Acquired by Monsanto for $930 million in October 2013<br />
• Data analytics and risk modeling software provider that<br />
provides customized solutions for addressing cyber risk<br />
• Acquired by Guidewire Software in October <strong>2017</strong> for ~$275 million<br />
• UK based white labeled software-as-a-service solution for<br />
insurance brokers enabling customized marketing and distribution<br />
• Fineqia International made a corporate minority investment in<br />
December <strong>2017</strong> (terms undisclosed)<br />
• Technology-driven provider of global climate intelligence<br />
• Aggregates historical, current and forecasted weather<br />
content in online database with risk mitigation tools and<br />
predictive analytics<br />
• Insurance industry data analytics platform that harvests and<br />
consolidates relevant information and business intelligence<br />
• Software solutions provider that aims to help employers<br />
reduce costs of managing risk and compliance<br />
• Services include developing and implementing ISO<br />
compliance and performance tracking and management tools<br />
• Also provides automated record keeping and farm operating<br />
process management services for agricultural producers and<br />
crop insurance agents<br />
• Mobile automobile diagnostic software that provides real-time<br />
maintenance alerts, driving insights and engine diagnostics<br />
• Netherlands based insurance compliance and fraud detection<br />
analytics software provider<br />
• P&C analytics company that builds, develops and deploys<br />
predictive models for underwriting and claims fraud<br />
• Acquired by Insurity in January 2016<br />
(a) Includes Rakuten Ventures, Rubicon Venture Capital, Talis Capital and Thomvest Ventures.<br />
(b) Includes In-Q-Tel, Maryland Department of Business and undisclosed investors.<br />
(c) Includes Comporium, Magna International, October Capital and OpenAir Equity Partners<br />
25 willistowerswatson.com
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