AmTrust Financial Services
AmTrust Financial Services, Inc. is a multinational insurance holding company that specializes in providing property and casualty insurance products, particularly for small to mid-sized businesses. Founded in 1998, the company initially focused on workers' compensation insurance and has since expanded its offerings to include commercial automobile, general liability, extended service, and warranty coverage. AmTrust emphasizes niche diversity and low-hazard risk, striving for financial stability through geographic and product diversification. Its operations are organized into three segments: Small Commercial Business, Specialty Risk and Extended Warranty, and Specialty Program, with the majority of its revenue generated from the Small Commercial Business segment. In addition to its insurance products, AmTrust engages in strategic investments in early-stage companies that align with its core business, particularly in areas such as insurance technology, finance, and cybersecurity.
Foxquilt Inc. is an insurance technology company based in Toronto, Canada, that operates a platform designed to connect consumers with insurance carriers. Founded in 2016, Foxquilt focuses on empowering individuals and small businesses to join social groups with similar insurance needs, allowing them to save on upfront premiums and reduce deductibles while purchasing home, small business, and auto insurance online. The company's offerings cater to a diverse range of sectors, including contractors, retail, e-commerce, healthcare, and technology. By leveraging data and machine learning, Foxquilt's insurance-as-a-service platform simplifies the insurance process for small businesses and B2B networks, ultimately helping them achieve significant savings and rewards at renewal.
Metromile
Series B in 2013
Metromile, Inc. is a digital insurance platform based in San Francisco, California, specializing in pay-per-mile car insurance. The company provides real-time, personalized auto insurance policies that cater to the needs of modern drivers, utilizing data science to offer pricing that reflects actual mileage rather than traditional estimates. Metromile's services include the Metromile Pulse, a wireless device that connects to the car's onboard diagnostics port to track mileage, location, and driving behavior. This data collection supports the company's automated claims process and complimentary smart driving features, resulting in average savings of 47% compared to previous insurance costs. Additionally, Metromile licenses its technology platform to insurance companies globally, enabling them to enhance operational efficiency, automate claims, and reduce fraud losses. Originally founded as Fair Auto, Inc. in 2011, the company rebranded to Metromile in 2012.
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