Munich Re Ventures

Munich Re Ventures, LLC is the venture capital arm of Munich Re Group, a prominent global provider of reinsurance and insurance-related risk solutions. Established in 2015 and headquartered in San Francisco, California, with an additional office in Germany, the firm specializes in stage-agnostic investments, particularly favoring Series A and B funding rounds. Munich Re Ventures focuses on supporting innovative startups that are transforming sectors such as artificial intelligence, mobility, cyber technology, digital health, insurtech, and climate technology. The firm seeks both lead and co-investment opportunities in partnership with strong syndicates, without geographic restrictions. With over $1 billion in assets under management, it leverages its connection to Munich Re Group to align investments with strategic interests in the evolving landscape of risk and risk transfer.

Davis, Timur

Principal

Oshri Kaplan

Investment Director

Jacqueline LeSage

Managing Director

Jacqueline LeSage

Managing General Partner

Sidra Ahmed Lefort

Director, HealthTech, Cybersecurity and Privacy

Matthew McElhattan

Managing Director

Julia Pardee

Associate, Cybersecurity and Privacy

Past deals in Life Insurance

Dayforward

Series B in 2023
Dayforward is a provider of a life insurance platform aimed at enhancing financial security for families in America. The company offers personalized life insurance policies that ensure the beneficiaries receive continued income if the policyholder passes away. This approach allows families to maintain their current lifestyle and protects their financial stability until their children reach adulthood. By enabling individuals to purchase tailored insurance solutions online, Dayforward simplifies the process of securing essential coverage for families.

Amplify Life Insurance

Venture Round in 2022
Amplify helps people build wealth through permanent life insurance. Customers can directly access life insurance products that allow tax-efficient savings and investment through policies and can access the savings for whatever they wish, while still protecting their families. Emerging from the manual and agent-driven traditional industry, Amplify offers an intelligent customer journey with frictionless policy customization, pre-underwriting, and in-force policy management in a streamlined digital customer journey. Amplify is the first digital platform tackling the $70B permanent life insurance industry with a vision to launch a life insurance product that bridges health and financial wealth.

FloodFlash

Series A in 2022
FloodFlash is an insurance technology company that addresses the significant gap in flood coverage, as 80% of the world's catastrophic flood losses remain uninsured. Founded by catastrophe risk experts Adam Rimmer and Dr. Ian Bartholomew, the company offers the first parametric flood insurance for the mass market, allowing customers to select a specific flood depth and corresponding payout amount. When a smart sensor installed at the property detects water at the chosen depth, the claim is automatically settled, ensuring instant payment without the usual complexities of traditional insurance. Since its launch in 2019, FloodFlash has gained recognition for its straightforward and transparent approach to flood insurance, winning over 30 industry awards and protecting thousands of customers who are often overlooked by conventional insurers. Headquartered in London, FloodFlash operates as a registered coverholder at Lloyd’s of London and is authorized by the Financial Conduct Authority, having raised £2.1 million in investment to date.

Acko

Series D in 2021
Acko is an online insurance policy provider with its entire operations offered through the digital platform. It creates products and delivers opportunities in areas such as personalized insurance products based on user consumption behaviors. Acko offers bite-sized insurance products for drivers and others working in transportation and related sectors. It has also expanded its catalog and begun offering similar policies in healthcare.
HDVI is a technology-first commercial insurance provider. The company assesses risk using historical and real-time telematics data and provides tools and services that help fleets increase safety, rewards safe driving, and delivers efficient and fair claims processing. HDVI is headquartered in Chicago with additional offices in Greenville, South Carolina; Columbus, Ohio; Portland, Oregon; Dallas and San Francisco. High Definition Vehicle Insurance, Inc. is a licensed property casualty insurance agent with products underwritten by various insurance companies. For more information, visit https://hdvi.com.

At-Bay

Series D in 2021
At-Bay is the InsurSec provider for the digital age. By combining world-class technology with industry-leading insurance, At-Bay was designed from the ground up to empower businesses of every size to meet cyber risk head on. At-Bay Insurance Services, LLC provides insurance protection and security prevention solutions to close to 40,000 businesses in the US, safeguarding up to $800B in collective business revenue, and offers coverage by admitted and non-admitted insurers for Cyber, Technology Errors & Omissions (Tech E&O), and Miscellaneous Professional Liability (MPL). The At-Bay Group also includes an active full-stack insurance company and a cybersecurity company. At-Bay Security offers proprietary cybersecurity solutions including At-Bay Stance Managed Detection & Response (MDR).

ManyPets

Series D in 2021
ManyPets is a pet insurance provider that specializes in offering a range of insurance products and wellness services for pets. The company provides policies for dogs and cats, including options for multi-pet and lifetime insurance. ManyPets aims to enhance the quality of life for pets and their owners by delivering comprehensive health benefits tailored to individual needs. Their services are characterized by an easy-to-access, subscription-driven model that emphasizes a personalized experience. Through the integration of technology and a focus on human connection, ManyPets strives to make pet health insurance and preventive care straightforward and effective for pet owners.

GroupHealth Benefit Solutions

Acquisition in 2021
GroupHealth Benefit Solutions is an insurance company based in Surrey, Canada, specializing in health insurance and employee group benefits. The firm offers a range of services, including extended health and dental coverage, disability, life and critical illness insurance, as well as employee wellness programs. By providing comprehensive coverage options and tailored plan designs, GroupHealth Benefit Solutions aims to empower businesses to manage their employee benefits effectively and efficiently.

At-Bay

Series C in 2020
At-Bay is the InsurSec provider for the digital age. By combining world-class technology with industry-leading insurance, At-Bay was designed from the ground up to empower businesses of every size to meet cyber risk head on. At-Bay Insurance Services, LLC provides insurance protection and security prevention solutions to close to 40,000 businesses in the US, safeguarding up to $800B in collective business revenue, and offers coverage by admitted and non-admitted insurers for Cyber, Technology Errors & Omissions (Tech E&O), and Miscellaneous Professional Liability (MPL). The At-Bay Group also includes an active full-stack insurance company and a cybersecurity company. At-Bay Security offers proprietary cybersecurity solutions including At-Bay Stance Managed Detection & Response (MDR).

Dayforward

Series A in 2020
Dayforward is a provider of a life insurance platform aimed at enhancing financial security for families in America. The company offers personalized life insurance policies that ensure the beneficiaries receive continued income if the policyholder passes away. This approach allows families to maintain their current lifestyle and protects their financial stability until their children reach adulthood. By enabling individuals to purchase tailored insurance solutions online, Dayforward simplifies the process of securing essential coverage for families.

Next Insurance

Series D in 2020
Next Insurance is an online-based insurance company for entrepreneurs and small businesses. The company's services feature claims investigation as soon as possible, with many being made within 48 hours that help its clients to get transparency. They use technology to eliminate agents and other expensive extras and give prices that are incredibly affordable. It also offers policies to a range of small businesses, from general contractors to personal trainers. Next Insurance was founded in 2016 and is headquartered in Palo Alto, California.

Acko

Series D in 2020
Acko is an online insurance policy provider with its entire operations offered through the digital platform. It creates products and delivers opportunities in areas such as personalized insurance products based on user consumption behaviors. Acko offers bite-sized insurance products for drivers and others working in transportation and related sectors. It has also expanded its catalog and begun offering similar policies in healthcare.
HDVI is a technology-first commercial insurance provider. The company assesses risk using historical and real-time telematics data and provides tools and services that help fleets increase safety, rewards safe driving, and delivers efficient and fair claims processing. HDVI is headquartered in Chicago with additional offices in Greenville, South Carolina; Columbus, Ohio; Portland, Oregon; Dallas and San Francisco. High Definition Vehicle Insurance, Inc. is a licensed property casualty insurance agent with products underwritten by various insurance companies. For more information, visit https://hdvi.com.

ManyPets

Series C in 2020
ManyPets is a pet insurance provider that specializes in offering a range of insurance products and wellness services for pets. The company provides policies for dogs and cats, including options for multi-pet and lifetime insurance. ManyPets aims to enhance the quality of life for pets and their owners by delivering comprehensive health benefits tailored to individual needs. Their services are characterized by an easy-to-access, subscription-driven model that emphasizes a personalized experience. Through the integration of technology and a focus on human connection, ManyPets strives to make pet health insurance and preventive care straightforward and effective for pet owners.

At-Bay

Series B in 2020
At-Bay is the InsurSec provider for the digital age. By combining world-class technology with industry-leading insurance, At-Bay was designed from the ground up to empower businesses of every size to meet cyber risk head on. At-Bay Insurance Services, LLC provides insurance protection and security prevention solutions to close to 40,000 businesses in the US, safeguarding up to $800B in collective business revenue, and offers coverage by admitted and non-admitted insurers for Cyber, Technology Errors & Omissions (Tech E&O), and Miscellaneous Professional Liability (MPL). The At-Bay Group also includes an active full-stack insurance company and a cybersecurity company. At-Bay Security offers proprietary cybersecurity solutions including At-Bay Stance Managed Detection & Response (MDR).

Next Insurance

Series C in 2019
Next Insurance is an online-based insurance company for entrepreneurs and small businesses. The company's services feature claims investigation as soon as possible, with many being made within 48 hours that help its clients to get transparency. They use technology to eliminate agents and other expensive extras and give prices that are incredibly affordable. It also offers policies to a range of small businesses, from general contractors to personal trainers. Next Insurance was founded in 2016 and is headquartered in Palo Alto, California.

INSHUR

Series A in 2019
INSHUR is a digital insurance platform that provides auto insurance to drivers and fleet owners. It utilizes proprietary data and analytics to offer quotations, make purchases, and service insurance policies.

Hippo Insurance

Series C in 2018
Hippo Insurance Services offers a different kind of home insurance, built from the ground up to provide a new standard of care and protection for homeowners. Our goal is to make homes safer and better protected so customers spend less time worrying about the burdens of homeownership and more time enjoying their homes and the life within. Harnessing real-time data, smart home technology, and a growing suite of home services, we are creating the first integrated home protection platform. Hippo is headquartered in Palo Alto, California with offices in Austin and Dallas, Texas, and insurance products available to more than 80 percent of U.S. homeowners in 37 states. Hippo Insurance Services is a licensed property casualty insurance agent with products underwritten by various insurance companies.

Zeguro

Seed Round in 2018
Zeguro Inc. is a San Francisco-based company that develops a cyber security and cyber insurance platform specifically designed for small to medium-sized enterprises. Established in 2016, Zeguro focuses on helping these businesses identify and mitigate cyber risks through a comprehensive approach that includes micro-insurance as part of their security framework. The platform offers coverage against various cyber threats, including data breaches, business interruptions, cyber extortion, and payment fraud. Additionally, Zeguro provides cybersecurity training and monitoring services, enabling organizations to effectively assess their vulnerabilities while securing affordable and relevant cyber insurance solutions.

Slice Labs

Series A in 2018
Slice Labs Inc. specializes in on-demand insurance solutions tailored for the evolving digital economy. The company offers a comprehensive platform known as Insurance Cloud Services (ICS), which empowers insurers and technology firms to create flexible, pay-as-you-go insurance products. Additionally, Slice Mind, an AI-driven tool, assists businesses in personalizing and predicting insurance risks. Slice operates from its headquarters in New York City and maintains a studio in Toronto, with further operations extending to the United Kingdom, the European Union, and recently, the Asia Pacific region. The company also features Duuo, a digital insurance brand focused on delivering on-demand coverage.

Next Insurance

Series B in 2018
Next Insurance Inc. is an online insurance agency that specializes in providing insurance products and services tailored for small businesses. Founded in 2015 and headquartered in Palo Alto, California, the company offers a variety of insurance options, including general liability, professional liability, commercial auto, and workers’ compensation. Next Insurance caters to a diverse range of industries, such as construction, consulting, fitness, cleaning, beauty, therapy, and education. By utilizing technology, the company streamlines the insurance process, eliminating the need for agents and reducing costs, which allows them to offer competitive pricing. Additionally, Next Insurance prioritizes customer service by ensuring prompt claims investigation, often resolving claims within 48 hours to enhance transparency and support for their clients.

ManyPets

Series B in 2018
ManyPets is a pet insurance provider that specializes in offering a range of insurance products and wellness services for pets. The company provides policies for dogs and cats, including options for multi-pet and lifetime insurance. ManyPets aims to enhance the quality of life for pets and their owners by delivering comprehensive health benefits tailored to individual needs. Their services are characterized by an easy-to-access, subscription-driven model that emphasizes a personalized experience. Through the integration of technology and a focus on human connection, ManyPets strives to make pet health insurance and preventive care straightforward and effective for pet owners.

Slice Labs

Series A in 2017
Slice Labs Inc. specializes in on-demand insurance solutions tailored for the evolving digital economy. The company offers a comprehensive platform known as Insurance Cloud Services (ICS), which empowers insurers and technology firms to create flexible, pay-as-you-go insurance products. Additionally, Slice Mind, an AI-driven tool, assists businesses in personalizing and predicting insurance risks. Slice operates from its headquarters in New York City and maintains a studio in Toronto, with further operations extending to the United Kingdom, the European Union, and recently, the Asia Pacific region. The company also features Duuo, a digital insurance brand focused on delivering on-demand coverage.

Neos

Series A in 2017
Neos Ventures Ltd. is a company that provides connected home insurance focused on preventing damages that could lead to insurance claims. Founded in 2016 and based in London, the company utilizes smart technology to enhance home security and protection. Its offerings include alarm systems, indoor security cameras, smoke detectors, and flood and leak detection devices. Neos also provides 24/7 monitoring services and emergency assistance, ensuring prompt response to incidents. Additionally, the company has developed an iOS mobile application that allows homeowners to monitor their properties and identify leaks remotely. By integrating technology with insurance services, Neos aims to create a safer living environment for homeowners.

Next Insurance

Series A in 2017
Next Insurance is an online-based insurance company for entrepreneurs and small businesses. The company's services feature claims investigation as soon as possible, with many being made within 48 hours that help its clients to get transparency. They use technology to eliminate agents and other expensive extras and give prices that are incredibly affordable. It also offers policies to a range of small businesses, from general contractors to personal trainers. Next Insurance was founded in 2016 and is headquartered in Palo Alto, California.

ManyPets

Series A in 2017
ManyPets is a pet insurance provider that specializes in offering a range of insurance products and wellness services for pets. The company provides policies for dogs and cats, including options for multi-pet and lifetime insurance. ManyPets aims to enhance the quality of life for pets and their owners by delivering comprehensive health benefits tailored to individual needs. Their services are characterized by an easy-to-access, subscription-driven model that emphasizes a personalized experience. Through the integration of technology and a focus on human connection, ManyPets strives to make pet health insurance and preventive care straightforward and effective for pet owners.
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