InsurTech Accelerant raised greater than $190 million at a $2 billion pre-money valuation in its newest funding spherical.
Atlanta-based Accelerant serves a community of managing common underwriters (MGU) and program directors (PA) that it refers to as its members. The agency provides underwriters with danger change and information analytics coupled with long-term capability commitments. Its InSightFull information platform helps members deal with operational and regulatory complexity. Its focus is on small and medium-sized companies and their insurance coverage wants.
“We consider that information informs our shared evaluation of danger — and it’s why we share issues equivalent to neighborhood crime information, geo mapping of claims information and even the proximity of fireplace stations with our members,” the Accelerant spokesperson stated. “This sort of granular information will help inform how or whether or not MGUs reap the benefits of a chance.”
The corporate stated it will likely be increasing its geographical footprint and reinvesting in its InSightFull platform.
Whereas Accelerant is focusing on small enterprise clients, sooner or later, the corporate stated it desires to construct upon its success in further markets as properly.
The spherical was led by Eldridge, with participation from Deer Park, Marshall Wace, MS&AD Ventures and others. Present majority investor Altamont Capital Companions additionally participated.
Monetary Know-how Companions served as unique advisor to Accelerant and its board of administrators, and Sidley Austin LLP acted as authorized counsel for the newest funding spherical.
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