Canada-based insurance cooperative Co-operators has set up a fund to facilitate partnerships with insurance technology (insurtech) firms.
The fund focuses on innovative insurance products, particularly related to new transportation technologies and business models. It is being led by Daniel Sinclair (pictured), vice-president of corporate development for Co-operators.
The move comes after Co-operators led the $20m second tranche of insurance portal Slice Labs’ $31.6m series A round in October 2018, in connection with a partnership that involved them jointly setting up a digital insurance venture called Duuo by Co-operators.
Rob Wesseling, president and CEO of Co-operators, said: “We are collaborating with insurtechs that offer cutting-edge technology and solutions to meet the changing needs and preferences of our clients.”
Photo of Daniel Sinclair courtesy of LinkedIn.
