Led by OMERS Ventures and with participation from Digital Garage Ventures, the George Kaiser Family Foundation, the round brings the total raised to $59 million.
The digital MGA dramatically streamlines the arduous, time-consuming process faced by landlords and condo owners associations seeking insurance.
Reporting to CEO Cameron Parker, Blazevich will lead the design and execution of optimized business processes to prepare the company for greater scale.
Consumers using the RepairPal auto repair network website can now take advantage of Savvy, Trellis’s all-in-one platform for comparing and buying car insurance policies.
The solution leverages aerial imagery, proprietary ML algorithms, and third-party partner data to give property/casualty insurers, a better understanding of risk.
The partnership between the Warsaw- and Stockholm-based firms will initially target small and mid-sized insurers, as well as investments in incubator products for larger insurers in Europe.
Millennials and Gen Z are now the dominant buyers for insurance. They do not follow the traditional life and purchase patterns set by older generations.
The new feature builds onto the recently launched Foresters Go engagement app and benefits ecosystem, providing a foundation for redefining life insurance and driving product innovation.
The company seeks to innovate the way underwriters share and exchange risk to improve outcomes for program managers, primary issuing carriers, and ultimate risk-bearers.
Nguyen assumes the role after a two-year tenure as Vertafore’s VP of product development.