Munich Re invests in insurtech Capitola to transform commercial insurance distribution
A new fund for insurtech, fintech startups launches with $53m backing
A US-based travel insurtech, which made its debut in 2022, has garnered investments from Munich Re and a former CEO of Global Travel Insurance at Allianz. The company expects to quadruple its revenue in 2023 while also aiming to expand its network of travel advisors and distribution partners by over double the current size.
Faye, Insurtech, Elad Schaffer, Daniel Green, Mike Nelson, Expansion, Distribution partners, Travel advisors, Insurance, Reinsurance, North America