MS&AD Ventures

FloodFlash Limited is a tech-enabled flood insurance company based in London, United Kingdom. Established in 2016, it offers instant-settlement flood insurance triggered by IoT flood sensors. When water levels exceed a predetermined depth, customers receive a pre-agreed settlement without exclusions. The company utilizes an algorithm to create personalized and competitively priced flood insurance policies, catering to high-risk locations globally. FloodFlash has raised £2.1 million in seed investment to support its innovative approach to flood insurance.

Redkik is a global software company operating with embedded insurance as a SaaS provider, with the mission to simplify and improve the insurance industry for all parties within logistics and transportation. No need for annual insurance policies tying your business down, Redkik uses the latest technology and insures your shipment when you book it, with premiums and coverage tailored to your specific needs. Redkik's extensive on-demand marine cargo insurance is based on the factual per shipment value today, not within the next 12 months. The team of Redkik has a big passion for innovation and technology, together with great experience and deep knowledge from logistics and transportation, risk management, cargo insurance, machine learning, and software development. Join Redkik's rapidly growing network of global freight forwarders offering on-demand per shipment insurance. Redkik, brings intelligence to insurance and peace of mind for you and your customers.

Accelerant Holdings Ltd. is a wholesale insurance managing general agent (MGA) that primarily serves the small and medium-sized enterprise (SME) market. Founded in 2018 and headquartered in London, United Kingdom, the company operates as an underwriting group, focusing on a carefully selected and managed network of members. By providing tailored insurance solutions, Accelerant aims to address the unique needs of SMEs, fostering a strong support system within this sector.

Vesttoo Ltd is a company based in Tel Aviv, Israel, that specializes in artificial intelligence-driven financial risk management solutions. Founded in 2018, it offers a comprehensive platform designed for insurers, reinsurers, and pension funds, focusing on the transfer of various risks, including general insurance, mortality, and longevity risks, to capital markets. Vesttoo employs advanced proprietary algorithms to create precise risk models and forecasts, facilitating the structuring and placement of deals. By integrating technology into risk transfer processes, the company provides clients with affordable and strategic options for managing their risk exposure, while offering investors opportunities for high-yield investments with low correlation to traditional market risks. This innovative approach aims to enhance liquidity and streamline the interaction between insurance and capital markets, creating a more accessible and efficient risk management landscape.

Energetic Insurance, Inc. is an InsurTech company based in Boston, Massachusetts, founded in 2016. The company specializes in providing solar insurance solutions aimed at mitigating credit and counterparty risks associated with commercial and industrial solar photovoltaic projects. Its flagship product, EneRate, offers coverage for third-party solar developers and asset owners, protecting them against payment default risks and revenue losses when off-takers fail to meet their Power Purchase Agreement (PPA) obligations. Additionally, Energetic Insurance has developed a systematic approach to address off-taker payment defaults, thereby facilitating solar financing for organizations that are unrated or classified as below investment grade. This innovative, data-driven methodology aims to enhance risk management within the renewable energy sector, promoting increased project deployment and capital investment in solar initiatives.

Next Insurance Inc. is an online insurance agency focused on providing tailored insurance products and services to small businesses. Founded in 2015 and headquartered in Palo Alto, California, the company offers a range of insurance options, including business, general liability, professional liability, commercial auto, and workers’ compensation coverage. Next Insurance serves a diverse clientele, including contractors, fitness professionals, cleaning services, beauty establishments, therapists, educators, and various other sectors. The company leverages technology to streamline the insurance purchasing process, eliminating the need for agents and reducing costs, thereby offering affordable pricing. Additionally, Next Insurance emphasizes quick claims processing, often making decisions within 48 hours to enhance transparency and support for its clients.

Hippo Insurance provides home insurance brokerage services, focusing on modernizing coverage for homeowners. Founded in 2015 and headquartered in Palo Alto, California, with additional offices in Austin and Dallas, the company utilizes technology to streamline the insurance process. Hippo aims to simplify and enhance home insurance by offering intuitive and proactive coverage that actively addresses the needs of clients. By adopting a tech-driven approach, Hippo seeks to transform how individuals safeguard their homes, allowing them to feel secure and carefree. The company emphasizes a commitment to delivering smarter, more efficient insurance solutions tailored to contemporary homeowners.

Nimbla is a London-based fintech company that specializes in providing B2B invoice insurance to small and medium-sized businesses in the United Kingdom. The company utilizes advanced technology to offer a digital insurance platform that allows clients to instantly assess the credit ratings of their invoices and insure them individually. This service is designed to protect businesses from the risks associated with late payments and customer insolvency. In addition to single invoice insurance, Nimbla's platform provides predictive cash flow analysis, risk assessment tools, and trade credit protection, enabling businesses to effectively manage their credit exposure and enhance their client prospecting efforts. Through these services, Nimbla aims to support the financial stability and growth of its clients by mitigating the risks of default and improving cash flow management.

WorldCover operates a peer-to-peer risk relief network aimed at protecting farmers from natural disasters, particularly droughts, through an innovative insurance platform. Founded in 2015 and headquartered in New York, the company utilizes satellite technology and mobile money to deliver cost-effective crop insurance to smallholder farmers, primarily in developing countries. By leveraging remote sensing and advanced risk modeling, WorldCover addresses the significant climate risks faced by farmers, improving their food and income security. The platform not only provides financial protection to farmers but also offers investors an opportunity for diversified returns with a direct social impact, targeting the substantial market of individuals reliant on agriculture for their livelihoods.

AkinovA Limited is a company that has developed an independent electronic marketplace focused on the transfer and trading of reinsurance risks. Established in 2017 and based in Marylebone, United Kingdom, AkinovA collaborates with brokers and capital market participants to streamline the insurance value chain. The platform facilitates insurance advisory services, enabling users to manage their client base, capital, and risk effectively. By working alongside prominent industry players such as Hiscox and MS&AD Insurance Group, AkinovA aims to enhance market growth while minimizing frictional costs and expediting transaction execution within the insurance sector. The company is supported by a diverse Advisory Board with extensive experience in insurance, capital markets, and technology, positioning AkinovA as a key player in the evolving landscape of insurance risk trading.

ELEMENT Insurance AG is a digital insurance provider based in Berlin, Germany, founded in 2017. The company specializes in developing white-label insurance products and operates as a direct insurer for non-life insurance, licensed by the German Federal Financial Supervisory Authority. ELEMENT's innovative technology platform focuses on the B2B2X value chain, allowing it to create customized insurance solutions for various partners, including e-commerce businesses and traditional insurers. This enables partners to market these products under their own brand. By managing the entire insurance value chain—ranging from actuarial calculations and underwriting to policy administration and claims management—ELEMENT simplifies the insurance process and enhances operational efficiency for its clients across 28 countries in Europe.