InsurTech 2.0
CoverVentures is an early stage Venture Studio based in Toronto that backs and builds insurance industry changing technology & businesses.
We’re focused on Insurance
The Venture Studio Model
A little bit like an incubator with a twist. Venture Studios are lead by founders that are supported by other founders with shared critical services, advice, and insurance expertise. We help solve inefficiencies when first launching a new product or business. This model allows us to be flexible with outside investment opportunities and partnership/IP ownership structures.
Rapid MVP
Build, test, learn, return. Fast.
Partnerships
We like partnering with existing Goliaths.
Digital Transformation
Insurance products and tech require a digital revamp.
Insurance Microstructure
We get the upstream and downstream of how PnC works.
Insurance Compliance
Don’t want to run into the regulator do you?
Product Knowledge
From auto to specialized commercial, we got this.
Data & AI
Our founders were Data first before it was cool.
Consulting
Sometimes we consult on strategy, tech, etc…
Insurance Expertise
We invest in talented people and develop innovative insurance businesses and technologies. We also provide insights and analysis on the evolving insurance industry for Insurance Professionals.
Learn by Doing
The Venture Studio Model
We leverage our combined capability and expertise to develop technologies and services that can be deployed and configured based on specific use case. By doing so, we save time and cost and learn fast.
Portfolio
We are focused on delivering innovative insurance solutions
We look to invest in and work with companies that innovate insurance distribution, connectivity, integration, analytics and other under served areas.
Achieve Goals
Getting crystal clear about Insurance innovation
The Venture Studio model is predicated on rapidly launching ideas to the market testing and learning consumer taste and needs. Sure we’d like to hit a home run everytime, but that’s not how this works, sometimes ideas just don’t pan out and that’s part of the process..
Contact Us
Telematics 2019: Stick a fork in it!
Telematics: the OBD port dongle thing, not Pay-As-You-Go on an App thing - can we stick a fork in it? Was it ever a "thing" in Canada anyway? Don't get me wrong it's made a lot of news in the last 4+ years, and several Canadian Insurers have taken a good...
Pay-As-You-Go Insurance Will Always Be Niche
I don't mean Telematics (that's a whole other post actually). I mean Pay-As-You-Go, or otherwise only paying for Insurance when you're driving or when you leave the house with your camera gear. There are a few InsurTech Startups that have raised millions...
Lean for Insurance: Intro
Are you a traditional insurer that wants to do innovative things but cant? Do you feel that you need a Digital, Garage, Lab, Hub, Kitchen or Factory with multi-coloured bean-bag chairs, open offices, slides, and beer to be innovative? Did you happen to end up spending...