WIXLIB

The Insurance Innovation ReportAugust 2021Insurance InvestmentsTotal Funding: 890.79MFunding Rounds: 40#Co.DescriptionCo. TypeEst.StageRaised/Total Raised ( M)1HuddleDigital brokerIntermediary2016Series B31/54.672OneDegreeInsurance platform.Insurer2016Series B28/583Slope SoftwareTool for actuaries.Enabler2016Seed2/3.134FlixHome insurance and me and car insuranceprovider.Intermediary2018Series A5/6.86DealerPolicyAuto insurance marketplace forauto dealers.Intermediary2015Series C110/184.017Digit InsuranceGeneral insurance sage0based motor insurer.Insurer2020EquityCrowdfunding 0.72/0.729Nuon AIIntelligent insurance software.Enabler2020Pre SeedN/A10SayataCommercial insurance platform.Enabler2016Series A17/23.511AnzenManagement insurance andoperations iesSpecialty brokerage focusedon commercial autonomy ntelligent insurance for thesharing economy.Intermediary2018Seed13.1/13.114Balance ReDynamic risk management forlife insurers.Reinsurer2014Series A10/1015PhonePeMobile payments .8316HDVINext-generation truck insuranceprogram.Intermediary2018Series B32.5/48.517True BalanceDigital wallet.Intermediary2014DebtFinancing15/114.64 2021 Coverager, Inc.2

The Insurance Innovation ReportAugust 2021#Co.DescriptionCo. TypeEst.StageRaised/Total Raised ( M)18TrustLayerAutomated insuranceVerification.Enabler2018Series A15.1/21.719LifepalInsurance marketplace.Intermediary2018Series A9/1220Lime InsuranceProvider of private medicalcoverage.Intermediary2011EquityCrowdfunding 0.66/0.6621QuotallE-trading insurance software.Enabler2010EquityCrowdfunding 0.49/0.4922FINLEXCommercial insurance lioRetirement, pension and legalservices.Intermediary2017Series A13/1324Spearhead AGAuto claims technology.Enabler2015CorporateRoundN/A25JerryCar ownership marketplace.Intermediary2017Series C75/13226HUMN.aiPlatform to price car insurance.Enabler2017Series A13.96/23.327BreezeOnline long term disabilityinsurance.Intermediary2018Series A10/1028Just AutoInsurancePay-per-mile auto t AutoInsurancePay-per-mile auto insurance.Insurer2019DebtFinancing3/15.2530Kenko HealthHealth insurance provider.Intermediary2019Seed1.7/1.731Fuse ProA digital insurance applicationIntermediary2014Series BN/A32VesttooAlternative reinsurance.Enabler2018Series A6/833YOLODigital broker.Intermediary2017Series A2.93/14.3734Virtual iTechnologiesRisk assessment and lossadjustment platform.Enabler2018Seed2/3.9135EnsureditAI-based product platform forinsurance Health wBuyOnline car insurance comparisonsite.Intermediary2015Series C9.99/84.4138InsureLifeDistribution platform for life andP&C ed personal linesinsurance provider.Intermediary2016Series A11.14/14.7340OnsurityEmployee healthcare platform.Intermediary2018Series A16/16 2021 Coverager, Inc.3

The Insurance Innovation ReportAugust 2021Strategic InvestmentsActive Insurer-Investors: 20Funding Rounds: 22#InvestorCo.Co. DescriptionStageRaised/Total Raised ( M)1AmeripriseSeismicSales enablement and marketingorchestration platform.Series G170/426.52Avanta VenturesCar IQPayment gateway for fleet managers.Series B15/22.253Cigna VenturesCricket HealthSpecialty kidney care.Series B83.5/111.074GeneraliYOLODigital broker.Series A2.93/14.375HollardOpen InsuranceThe business behind consumerinsurance startup Huddle.Series B31/54.676HollardAI-based personal lines insuranceNaked Insurance provider.Series A11.14/14.73Series B85/121.627Intact VenturesGatikAutonomous vehicles for B2B shorthaul logistics.8MassMutualMeetcaregiversMarketplace for senior care.Seed1/1.349Mitsui SumitomoUpstreamSecurityCybersecurity for connected vehicles.Series C62/13910Mitsui SumitomoVCSmart119Emergency and critical care notificationsystem.Series B2.77/3.6411Munich ReVenturesHDVINext-generation truck insuranceprogram.Series B32.5/48.512Nassau FinancialInsureLifeDistribution platform for life and amSecurityCybersecurity for connected vehicles.Series C62/13914NFP VenturesTrustLayerAutomated insurance verification.Series A15.1/21.715NorthwesternMutual (NM)Bright CellarsA monthly wine club that matches youwith wine.Series B11.2/24.6616NM FutureVenturesBreezeOnline long term disability insurance.Series A10/1017Porto SeguroPetloveOnline store for pet products.Series C150/375.818ProgressiveOctaneInstant financing to fuel your lifestyle.Series D52/401.0219PruVen CapitalTrustLayerAutomated insurance verification.Series A15.1/21.720PruVen CapitalLifepalInsurance marketplace.Series A9/1221State AutoChamp TitlesOnline car titling.Series A8.5/18.522State FarmVenturesCar IQPayment gateway for fleet managers.Series B15/22.25 2021 Coverager, Inc.4

The Insurance Innovation ReportAugust 2021P&C PartnershipsPartnerships: 79#Co.1Co. 2LOBLocationActivity15 Minute InsureLemonadeHome,RentersUSAggregator for home and auto insurance5MinuteInsure.com partnered with Lemonade.25 Minute InsureHippoHomeUSAggregator for home and auto insurance5MinuteInsure.com partnered with Hippo.3AppalachianUnderwritersEMPLOYERSWCUSAUI offers agents access to WC by Employers.USCoterie Insurance, powered by Appulatetechnology, will utilize this API integration togenerate real-time quotes.USAuto-Owners Insurance partnered with IVANS toautomate appetite OwnersIVANSSmallBusinessBindableSay InsuranceHome, Life,Pet, RentersUSSay will offer home, life, pet, and rentersvia Bindable’s platform and digital agency,MyLifeProtected.7Bituach HaklaiConnectedInsurance (CI)CyberIsraelBituach Haklai will use Connected Insurance toprotect against personal cyber risks.8BOLT SolutionsbiBERKWCUSbolt Insurance Exchange offers WC products ter is an underwriting partner for Bubble'shome insurance offering.610Clear BlueOpenlyHomeUSOpenly coverage provided by Rock RidgeInsurance Company, part of Clear Blue InsuranceGroup.11Clear BlueSwyfftHomeUSSwyfft coverage is underwritten by Clear Blue and/or Benchmark Insurance Company.12ClearcoverVertaforeAutoUSPlatform partner - agents using PL Rating canaccess Clearcover product.13ClearcoverAgents AllianceServicesAutoUSCC announced its partnership with AgentsAlliance.14ConnectedInsurance (CI)Swiss ReCyber,IsraelSwiss Re underwrites the Digital-Life Insuranceprotection policy by Connected Insurance (CI).USPartnership enables small businesses toadd Coterie Insurance products ss16Cowbell CyberBold PenguinCyberUSBold Penguin added Cowbell Cyber to its Terminal.17Cowbell CyberRelay PlatformCyberUSCowbell Cyber is part of Relay's quoting platform.18EdKi InsuranceUSKi is integrated with TradEd, Ed’s trading platform.19ElephantGooseheadUSPartnership will provide Goosehead agents accessto Elephant auto insurance and its discounts. 2021 Coverager, Inc.Auto5

The Insurance Innovation HippoCo. 2August 2021LocationActivityPet, RentersUSGoose pet and renters insurance in the USis provided via Markel or National SpecialtyInsurance, another Markel entity.State FarmAutoUSState Farm partnered with Hagerty to introducenew coverage for classic vehicles.Al-Ittihad AlWataniAuto, HomeUAEHala policies are issued by Al-Ittihad Al-Watani.USHippo has a fronting carrier agreement withTexas-based insurance services provider InclineGroup, which will offer Incline's customers accessto Hippo's home protection and maintenanceservices.Incline GroupLOBHomeHomeUSHippo has a new issuing carrier relationship withMotors Insurance Corporation, a subsidiary ofAlly Financial and a 50 state carrier to allow AllyFinancial to offer Hippo’s home insurance policiesin 10 states. Hippo will underwrite the policies,while Ally will put up around 500 million to InsuranceHiscoxAuto, HomeUKPersonal lines coverage underwritten by Hiscox.26iByndEMPLOYERSWCUSAppalachian Underwriters offers agents access toWC by Employers through integration with iBynd.27iByndBlink by ChubbCyberUSiBynd's cyber portal Cyber Insurance Plus offersthe cyber product by n Underwriters offers agents access toWC by Employers through integration with iBynd.29IncandescoAppulateCommercialUSAppulate’s bridges data from any agencymanagement system to Incandesco’s FireSwipe, adigital marketplace for middle market risks.USIndium agents have access to Coterie's products.30IndiumCoterieSmallBusiness31LF InsuranceGroupTarmikaSmallBusinessUSLF Insurance Group uses Tarmika.32LoudonInsuranceAgencyPie InsuranceWCUSAgency partner.33MerlinioAnswerFinancialAuto,USThe Merlino website redirects site visitors to AF toobtain a car insurance quote.34Now InsuranceServicesUSNOW Insurance will offer its medical malpracticeand general liability coverage through BoldPenguin’s Agent Terminal in late 2021.35Omega GeneralInsuranceCanadaPHI Direct Pet Health products are underwrittenby Omega General and distributed by Canada PetHealth Insurance Services, Inc.USFurkin Pet Insurance policies are underwrittenby Omega General Insurance Company andare distributed by Canada Pet Health InsuranceServices, Inc.36Omega GeneralInsurance 2021 Coverager, Inc.Bold PenguinPHI DirectFurkin PetInsuranceCommercialPetPet6

The Insurance Innovation Report#Co.1Co. 2August nyELEMENT acts as a risk carrier and is responsiblefor all claims settlement of Parametrix's cloudoutage insurance.38Pie InsuranceDel-ValInsuranceWCUSAgency partner.39Pie InsuranceRCS InsuranceWCUSAgency partner.40Pie InsuranceJ.S. BraddockAgencyWCUSAgency partner.41Pie InsuranceJMG InsuranceAgencyWCUSAgency partner.42Pie InsuranceKelly InsuranceServicesWCUSAgency partner.43Pie InsuranceStorehouseServicesWCUSAgency partner.44Pie InsuranceSuperior StateWCUSAgency partner.45Pie InsuranceConciergeInsurancePartnersWCUSAgency partner.46Pie InsuranceCovered bySageWCUSAgency partner.Pie InsuranceEasternMichiganAgenciesWCUSAgency partner.48Pie InsuranceFarmerOrth-LeavittInsuranceWCUSAgency partner.49Pie InsuranceFirst AmericanInsuranceWCUSAgency partner.50Pie InsuranceFry &BommentreWCUSAgency partner.51Pie InsuranceFloreyInsuranceWCUSAgency partner.52Pie InsuranceThe LarsonInsuranceWCUSAgency partner.53Pie InsuranceSummitInsuranceAdvisorsWCUSAgency partner.54Pie InsuranceEnid InsuranceWCUSAgency partner.Pie InsuranceLBW Insuranceand FinancialServicesWCUSAgency partner.56Pie InsuranceLegacyInsuranceServicesWCUSAgency partner.57Pie InsuranceDill BrothersInsuranceWCUSAgency partner.4755 2021 Coverager, Inc.7

The Insurance Innovation ReportAugust 2021#Co.1Co. 2LOBLocationActivity58Pie InsuranceWestern StatesWCUSAgency partner.59QuantumAssuranceCover WhaleCommercialAutoUSAgency partner.60SayataBritP&CUSMarket partner.61SayataAt-BayCyberUSMarket partner.62SayataHiscoxP&CUSMarket partner.63SayataCoalitionCyberUSMarket partner.64SayataTokio MarineHCCP&CUSMarket partner.65SayataAXIS CapitalP&CUSMarket partner.66SayataCorvusInsuranceCyberUSMarket partner.SayataAscentUnderwritingP&CUSMarket 's network of independent insuranceagencies will have access to Tarmika's commerciallines rater.69Sigo SegurosFalconInsuranceGroupAutoUSAgency partner.70Sigo SegurosForemostAutoUSAgency partner.71Sigo SegurosOld AmericanCounty MutualAutoUSAgency partner.72Swiss ReSpearhead AGAutoWorldwideSpearhead's solution is used by Swiss Re's AIproduct to assess vehicle damage.73SwyfftBenchmarkInsuranceHomeUSSwyfft coverage is underwritten by Clear Blue and/or Benchmark Insurance sUSTarmika is the endorsed commercial linescomparative rater of ANE.75TarmikaZip BondsP&CUSSurety platform Zip Bonds is on the TarmikaBridge platform.76ToffeeBajaj AllianzPetIndiaToffee offers the Bajaj Allianz Pet Dog InsurancePolicy.77Utica FirstInsuranceFoxquiltSmallBusinessUSAgency partner (products are available in Ohioonly).78VOOMInsuranceUSMarkel will provide underwriting and claimshandling for VOOM's pay-per-mile insuranceoffering for motorcycles.USAmica will integrate Zesty.ai’s predictive wildfirerisk analytics solution, Z-FIRE , into itshomeowners product line.676879Amica 2021 Coverager, Inc.MarkelZesty.aiMotorcycleHome8