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March 25, 2022updated 28 Mar 2022 5:03am

Greenlight Re Innovations invests in AuditCover

Greenlight Re Innovations (GRI), a unit of Greenlight Capital Re (GLRE), has made investment in a tax audit insurtech AuditCover Australia.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

Structured as a tech-centric, end-to-end digital audit insurance platform, AuditCover helps in eliminating most of the friction experienced in the industry.

AuditCover connects directly to core systems of accountants to streamline the quote and bind process. It also provides coverage to taxpayers for incurred audit-driven professional fees.

Greenlight Re CEO Simon Burton said: “In many nations, growth in the gig economy and digital assets has caused increases in the complexity of tax returns and the frequency of tax audits.

“We believe that by leveraging advancements in technology, AuditCover is well-positioned to service this expanding market and provide a superior experience for all parties involved.”

Furthermore, the insurtech helps in automating the marketing function for partners in accounting firms while helping them in retaining and strengthening their client relationships.

AuditCover founder and CEO Gil Snir said: “AuditCover is on a mission to even the playing field by accessing the real-time data feeds that will determine greater risk accuracy and prevent the severity of an audit in the first instance.

“This is a global challenge faced by most developed nations and we’re excited to have strategic capital partners Greenlight Re on our journey.

“Their global footprint and innovative approach to reinsurance are well aligned with our vision for the company and the broader insurance landscape.”

Greenlight Re, through its licensed and regulated reinsurance entities in the Cayman Islands and Ireland, is engaged in providing multi-line property and casualty reinsurance.

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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