IA Capital Group

IA Capital Group, established in 1992 and headquartered in New York, is a private equity firm specializing in venture capital investments. It focuses on the insurtech and fintech sectors, targeting early and growth-stage companies in the U.S., Canada, and Mexico. The firm invests between $1.5 million and $10 million, typically taking majority or minority stakes in companies with sales exceeding $2 million. IA Capital's portfolio spans various sub-sectors, including payments, financial infrastructure, insurance technology, lending, and wealth management. Additionally, the firm manages strategic venture capital programs for multiple insurers and incubates new companies.

Richie Carchia

Analyst

Matt Perlman

Partner

Ravi Shah

Vice President

Past deals in InsurTech

Delos Insurance

Series A in 2024
Delos is a digital property insurance provider for homeowners in catastrophe areas. Insurance is difficult to find in high risk regions; few insurers write in these areas and the ones that do are expensive and slow. One main cause for this problem is low resolution catastrophe models, which have caused regular insurers to pull out of high risk areas. Our team has extensive experience in data science and aerospace engineering and is creating new, higher-resolution catastrophe models. We use these models to create a new home risk rating system. We will also use our models to innovate on product, actively managing our client's risk and helping them prepare for their likely perils.

Matic

Series B in 2023
Matic Insurance Services, Inc. is a digital insurance agency that revolutionizes the insurtech industry by integrating insurance solutions within the home and auto ownership experience. Founded in 2014 and headquartered in Columbus, Ohio, with additional offices in Los Angeles, San Francisco, and Lviv, Ukraine, Matic operates a digital insurance marketplace featuring over 40 A-rated home and auto carriers. The company's platform facilitates a seamless mortgage process by integrating directly with lenders and insurance providers, allowing homeowners to analyze property data and easily compare insurance quotes. Matic is dedicated to advocating for policyholders, offering a transparent comparison shopping experience that saves customers significant time and reduces premiums by over 30% annually.

Boost

Venture Round in 2023
Boost Insurance USA, Inc. specializes in providing a comprehensive platform for insurtech startups in the property and casualty insurance sector. Established in 2017 and headquartered in New York, Boost offers an infrastructure-as-a-service solution that simplifies the creation and management of insurance products. The platform enables technology companies and emerging startups to seamlessly embed insurance offerings into their existing systems, significantly reducing costs associated with operational, compliance, and capital requirements through straightforward API integration. Boost automates essential processes such as policy administration, claims management, and regulatory compliance, allowing partners to concentrate on enhancing customer experiences and innovating their insurance products. The company is licensed to produce both commercial and personal lines of insurance across all 50 states, delivering modern, 'A'-rated insurance solutions that are backed by leading industry players.

Delos Insurance

Seed Round in 2023
Delos is a digital property insurance provider for homeowners in catastrophe areas. Insurance is difficult to find in high risk regions; few insurers write in these areas and the ones that do are expensive and slow. One main cause for this problem is low resolution catastrophe models, which have caused regular insurers to pull out of high risk areas. Our team has extensive experience in data science and aerospace engineering and is creating new, higher-resolution catastrophe models. We use these models to create a new home risk rating system. We will also use our models to innovate on product, actively managing our client's risk and helping them prepare for their likely perils.

Certificial

Series B in 2023
Certificial is an insurance verification platform that streamlines the supplier management and certificate issuance processes. By providing businesses with real-time access to suppliers' insurance coverage, it ensures that companies can easily monitor compliance and updates regarding changes in coverage. The platform integrates seamlessly with brokers' and AMS providers' APIs, making it accessible for both large and small agents and brokers at no cost to insurers. Certificial's features include immediate information retrieval, historical records of business relationships, and compliance alerts, which help mitigate risks associated with fraud, misinformation, and coverage lapses.

Marble

Venture Round in 2022
Marble is an insurance management platform focused on enhancing the customer experience by offering a rewards-based membership program. This innovative approach allows users to manage their home and auto insurance policies in a single digital wallet, where they can easily compare rates and find suitable policies. By prioritizing the needs of its members, Marble aims to reduce insurance costs and provide value through its loyalty program, which also serves as an effective marketing channel for insurance companies. This dual focus ensures that users not only save money but also earn rewards as they navigate their insurance options, creating a win-win situation for both consumers and providers.

Afficiency

Series A in 2022
Afficiency Inc. is an insuretech company based in New York that specializes in developing digital solutions for life insurance. Founded in 2016, the company has created a platform that allows for the rapid digitization and distribution of life insurance products through API integration. Afficiency partners with insurance carriers and reinsurers to introduce innovative offerings to the market. Its products are designed to streamline the insurance process, featuring automated underwriting and quick issuance, enabling applicants to receive policies within seconds. The company's marketplace facilitates customizable policy quoting and offers artificial intelligence-based recommendations, allowing users to select policies that best meet their needs.

Ethos Life

Series D in 2022
Ethos Life is an insurance company based in San Francisco, California, that specializes in providing modern and ethical life insurance products, primarily term life insurance. Founded in 2016, Ethos aims to make life insurance affordable, accessible, and instant, addressing a significant market valued at $650 billion. The company employs innovative software to enhance the customer experience and utilizes technology to tailor coverage to individual needs. Ethos policies are issued and guaranteed by Legal & General America, a well-established life insurance provider. The company emphasizes a human approach in its services, striving to protect families through personalized insurance solutions.

Delos Insurance

Seed Round in 2021
Delos is a digital property insurance provider for homeowners in catastrophe areas. Insurance is difficult to find in high risk regions; few insurers write in these areas and the ones that do are expensive and slow. One main cause for this problem is low resolution catastrophe models, which have caused regular insurers to pull out of high risk areas. Our team has extensive experience in data science and aerospace engineering and is creating new, higher-resolution catastrophe models. We use these models to create a new home risk rating system. We will also use our models to innovate on product, actively managing our client's risk and helping them prepare for their likely perils.

Certificial

Series A in 2021
Certificial is an insurance verification platform that streamlines the supplier management and certificate issuance processes. By providing businesses with real-time access to suppliers' insurance coverage, it ensures that companies can easily monitor compliance and updates regarding changes in coverage. The platform integrates seamlessly with brokers' and AMS providers' APIs, making it accessible for both large and small agents and brokers at no cost to insurers. Certificial's features include immediate information retrieval, historical records of business relationships, and compliance alerts, which help mitigate risks associated with fraud, misinformation, and coverage lapses.

Ansel

Series A in 2021
Ansel Health is a company that develops a health insurance platform designed to improve employee benefits for employers through a straightforward supplemental health benefits plan. The platform provides insurance services that offer financial support in the form of cash payments to individuals diagnosed with various covered conditions, including those related to COVID-19. This support aims to help mitigate the financial challenges associated with serious health issues, facilitating a smoother recovery process for affected individuals.

Clearcover

Series D in 2021
Clearcover, Inc. is a digital car insurance provider based in Chicago, Illinois, founded in 2016. The company focuses on delivering comprehensive car insurance products at competitive prices by leveraging advanced technology and an API-first approach. Clearcover offers an intuitive online platform that allows customers to obtain quotes and secure coverage efficiently, while minimizing costs through a streamlined process and reduced advertising expenses. By selling its products directly to consumers and through agents, Clearcover aims to provide better coverage options for less money, thereby enhancing the overall customer experience in the automobile insurance market.

Marble

Seed Round in 2021
Marble is an insurance management platform focused on enhancing the customer experience by offering a rewards-based membership program. This innovative approach allows users to manage their home and auto insurance policies in a single digital wallet, where they can easily compare rates and find suitable policies. By prioritizing the needs of its members, Marble aims to reduce insurance costs and provide value through its loyalty program, which also serves as an effective marketing channel for insurance companies. This dual focus ensures that users not only save money but also earn rewards as they navigate their insurance options, creating a win-win situation for both consumers and providers.

Matic

Series B in 2020
Matic Insurance Services, Inc. is a digital insurance agency that revolutionizes the insurtech industry by integrating insurance solutions within the home and auto ownership experience. Founded in 2014 and headquartered in Columbus, Ohio, with additional offices in Los Angeles, San Francisco, and Lviv, Ukraine, Matic operates a digital insurance marketplace featuring over 40 A-rated home and auto carriers. The company's platform facilitates a seamless mortgage process by integrating directly with lenders and insurance providers, allowing homeowners to analyze property data and easily compare insurance quotes. Matic is dedicated to advocating for policyholders, offering a transparent comparison shopping experience that saves customers significant time and reduces premiums by over 30% annually.

Boost

Series A in 2020
Boost Insurance USA, Inc. specializes in providing a comprehensive platform for insurtech startups in the property and casualty insurance sector. Established in 2017 and headquartered in New York, Boost offers an infrastructure-as-a-service solution that simplifies the creation and management of insurance products. The platform enables technology companies and emerging startups to seamlessly embed insurance offerings into their existing systems, significantly reducing costs associated with operational, compliance, and capital requirements through straightforward API integration. Boost automates essential processes such as policy administration, claims management, and regulatory compliance, allowing partners to concentrate on enhancing customer experiences and innovating their insurance products. The company is licensed to produce both commercial and personal lines of insurance across all 50 states, delivering modern, 'A'-rated insurance solutions that are backed by leading industry players.

Clearcover

Series C in 2020
Clearcover, Inc. is a digital car insurance provider based in Chicago, Illinois, founded in 2016. The company focuses on delivering comprehensive car insurance products at competitive prices by leveraging advanced technology and an API-first approach. Clearcover offers an intuitive online platform that allows customers to obtain quotes and secure coverage efficiently, while minimizing costs through a streamlined process and reduced advertising expenses. By selling its products directly to consumers and through agents, Clearcover aims to provide better coverage options for less money, thereby enhancing the overall customer experience in the automobile insurance market.

Clearcover

Series B in 2019
Clearcover, Inc. is a digital car insurance provider based in Chicago, Illinois, founded in 2016. The company focuses on delivering comprehensive car insurance products at competitive prices by leveraging advanced technology and an API-first approach. Clearcover offers an intuitive online platform that allows customers to obtain quotes and secure coverage efficiently, while minimizing costs through a streamlined process and reduced advertising expenses. By selling its products directly to consumers and through agents, Clearcover aims to provide better coverage options for less money, thereby enhancing the overall customer experience in the automobile insurance market.

Protecht

Series A in 2018
Protecht, Inc., also known as TicketGuardian, specializes in developing insurtech products tailored for the consumer experience economy. Founded in 2016, the company offers a range of ticketing and registration platforms that enable clients to manage inventory, revenue, and fan engagement while providing real-time data and payment processing capabilities. Protecht focuses on delivering enterprise-level technology that ensures security, scalability, and data protection. With a strong foundation in fraud, risk management, insurance, finance, and payments, the company leverages embedded technologies to enhance financial and inventory control for its partners, ultimately fostering customer engagement and increasing conversion rates. Protecht is headquartered in Newport Beach, California.

Authentic4D

Series A in 2018
Authentic4D specializes in medical imaging review services for casualty insurance claims. The company converts complex scans into 2D/3D video tours, assisting insurance providers in identifying fraudulent claims and reducing associated costs by facilitating a clear understanding of claimants' injuries.

Boost

Seed Round in 2017
Boost Insurance USA, Inc. specializes in providing a comprehensive platform for insurtech startups in the property and casualty insurance sector. Established in 2017 and headquartered in New York, Boost offers an infrastructure-as-a-service solution that simplifies the creation and management of insurance products. The platform enables technology companies and emerging startups to seamlessly embed insurance offerings into their existing systems, significantly reducing costs associated with operational, compliance, and capital requirements through straightforward API integration. Boost automates essential processes such as policy administration, claims management, and regulatory compliance, allowing partners to concentrate on enhancing customer experiences and innovating their insurance products. The company is licensed to produce both commercial and personal lines of insurance across all 50 states, delivering modern, 'A'-rated insurance solutions that are backed by leading industry players.

Sure

Series A in 2017
Sure Inc. is an insurance technology company based in San Diego, California, founded in 2014. It develops and operates an online application that allows users to purchase various insurance coverage, including for luggage, smartphones, clothing, renters, and personal damages. Sure partners with renowned insurance providers such as Nationwide, Chubb, and MetLife to offer these solutions. The company provides an enterprise SaaS platform and APIs that facilitate digital transformation and the distribution of embedded insurance, eliminating the need for extensive IT resources. Its platform is designed to streamline digital insurance sales and service, supporting each phase of the insurance lifecycle and enabling both global consumer brands and insurance companies to efficiently manage and sell their insurance products.

Wellthie

Series A in 2017
Wellthie Inc. is an insurance technology company based in New York, founded in 2013. It specializes in providing tools for brokers and carriers to streamline the insurance distribution process for small businesses and individuals. Wellthie offers a cloud-based e-commerce platform that includes features such as medical and ancillary quotes, a broker management dashboard, scenario modeling, an online storefront, custom client proposals, and market insights. The company has created a national small group benefits marketplace, enabling brokers to enhance their small group sales and insurance carriers to optimize product distribution. By focusing on improving the insurance shopping experience, Wellthie aims to facilitate a more intuitive and efficient process for both brokers and clients.

Snapsheet

Series C in 2016
Snapsheet is a leading provider of cloud-native claims management software designed to enhance the end-to-end claims process through digitization and intelligent automation. The company's solutions streamline various aspects of claims handling, including electronic intake of first notice of loss (FNOL), data investigation, technology-assisted investigation, claims assessment, and digital payment processing for settlements. Snapsheet's software suite emphasizes engagement and organizational agility, resulting in an improved customer experience. As a trusted partner in claims innovation, Snapsheet collaborates with over 100 clients, including major insurance carriers, third-party administrators, and emerging insurtech firms, to deliver the fastest digital auto insurance claims process in the United States.

Crown Global Insurance Group

Venture Round in 2015
Crown Global Insurance Group, LLC specializes in providing tailored insurance solutions for high net-worth individuals, hedge funds, private equity firms, and institutional investors around the globe. Established in 1994 and headquartered in New York, with additional locations in North America, the Cayman Islands, and Switzerland, the company has built a strong reputation for structuring compliant variable life insurance and annuity policies. Its product offerings include private placement life insurance, group annuity contracts, fund advisor benefit plans, and private placement variable immediate annuities. Crown Global is managed by a team of experienced professionals, collectively possessing over a century of expertise in investment, tax planning, wealth management, and asset preservation, allowing them to effectively serve the complex needs of their clients.

CoreLogic

Series C in 2001
CoreLogic is a technology company that specializes in providing data analytics and risk assessment solutions tailored for the real estate sector. It offers a comprehensive range of services, including consumer, financial, and property information, which are utilized by businesses and government entities. By integrating public, contributory, and proprietary data, CoreLogic develops predictive analytics that enhance decision-making and provide transparency in the markets it serves. The company has established one of the largest databases in the U.S. focused on real estate, mortgage applications, and loan performance, and is recognized as a leading provider of credit reporting, property tax assessments, valuations, flood determinations, and geospatial analytics. CoreLogic serves over one million users, including real estate professionals, financial institutions, and government agencies, helping them assess risk, support underwriting, and improve overall business performance. Headquartered in Santa Ana, California, CoreLogic employs more than 10,000 individuals worldwide.
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