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August 5, 2021

Insurtech start-up InsurLife opens seed funding round to drive growth 

Insurtech startup InsurLife has opened its seed funding round in which Nassau Financial Group, CFV Ventures, and other angel investors are participating.

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Concurrently, the US-based startup has signed a distribution agreement with two insurance firms, which include a supplemental health insurer and Nassau Financial Group.

Upon closing of the round, InsureLife will distribute their products with its proprietary platform.

InsureLife’s platform leverages AI to connect insurers’ financial services products with consumers and agents.

The firm anticipates that its seed round will be oversubscribed and plans to open series A to drive growth later this year.

InsureLife said it is already exploring more growth opportunities and the seed round will act as a catalyst for that.

InsureLife co-founder and chief technology officer John Cammarata said: “We’re thrilled and honoured to partner with forward-thinking investors and insurance companies who see the value in modernizing the antiquated insurance distribution chain. We’re excited to get moving with great brands like Nassau and one of the largest Supplemental Health Insurers and most recognized brands in the US.”

CFV Ventures managing partner Nat Clarkson said: “The InsureLife team has created a unique solution that addresses a real need in the insurance industry.”

Nassau Financial Group chief marketing officer Paul Tyler said: “We’re happy to see one of the early companies in our incubator, Nassau Re/Imagine, continue to gain momentum in the marketplace. In addition, we look forward to growing our Medicare Supplement insurance business in partnership with InsureLife’s team.”

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Do Innovative Companies Outperform?

Amid the wildly disruptive business landscape, companies are innovating for a more durable source of competitive advantage. As this typically does not show up on their traditional financial statements, a company’s true potential can be grossly undervalued by relying exclusively on these. We believe that quantifying their innovation capacities is the key valuation input needed to identify outperformers. Our latest whitepaper, based on GlobalData’s proprietary Patents Database, evaluates companies’ intellectual capital as a vital factor in differentiating their offerings as well as driving future growth. Access the report to understand:
  • How are disruptive forces accelerating trends in innovation?
  • Why do traditional approaches to company analysis fall short in fully capturing companies' potential?
  • How can patents be leveraged to build portfolios that capture innovation-alpha?
Download the full report to align your strategies for success and get ahead of the competition.
by GlobalData
Enter your details here to receive your free Report.

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