Ted Stuckey, SVP, Managing Director of QBE Ventures, talks with about three recent acquisitions supporting “Brilliant Basics,” and how they fit into QBE’s broader strategy.
Previously awarded a patent for its mechanical strain-based weather sensor, Understory reports that this secondary patent significantly lowers the costs of creating resilient weather sensors.
The specialist 35-plus strong team is tasked with accelerating the development of solutions that bridge the insurance and automotive manufacturing industries.
The capital will fun expansion across the U.S. as a carrier, claims handling improvements, offering coverage for more classes of business, and growth of internal operations in the U.S. and Israel.
The insurer’s customers can now purchase additional protection that would apply if something were to happen to a renter or their belongings while renting all or part of the home.
The annual event, part of the company’s broader innovation program, unites MetLife’s leaders with startups and VC partners to explore how disruptive technologies can be applied at MetLife.
Whatever the actual size of the total insurance market opportunity, the impact of current and future applications for aerial and drone images in insurance will be enormous.
The company has rolled out its insurance for single items in the state of Arizona, with additional states planned for later in 2018.
The acquisition enables GFT to enter the Canadian insurance market, expand its market position in North America and gain a new site in Belgium.
Funding comes from CommerzVentures, Marsh and other follow-on investors.