Sam Evans, General Partner Eos
A new fund is seeking to attract financing from insurers to invest in the insurtech sector, aiming to offer an alternative solution to insurers as they leverage new technologies that are transforming the sector.
The majority of the capital currently being invested into the space is coming from the investment arms of large insurers and reinsurers such as Munich Re, Aviva or Axa.
But specialist venture capital investor Eos Venture Partners intends to offer an alternative by raising a $100 million debut fund, EVP I in what could become one of the first global, independent insurtech investment funds targeting early and growth stage investments.
Eos has already attracted a limited partner (LP) commitment of $20 million for EVP I from a global insurer, with whom it has entered into a strategic partnership to accelerate their innovation strategy, and a second $10 million commitment from a European insurer.
To continue reading, you need a subscription to Intelligent Insurer.
If you have already subscribed please login.
If you have any technical issues please contact support.
Insurtech, Investment, Eos, Insurance, Reinsurance, Broker, Europe, Global, Sam Evans
