InsurTech NY Weekly News Roundup: ePayPolicy, Previsico, Pie Insurance, more

Hi Friends! This week's edition of Three Things falls in between two of the industry’s biggest gatherings — the high-energy #ITCVegas2025 and this week’s Target Markets Program Administrators Association (TMPAA) Annual Summit in Scottsdale. The momentum across insurance is real, with innovation, capital, and specialization all on display. This week we’re following: 1️⃣ Funding momentum — MGT Insurance IRYS Insurtech and Stand all announced new rounds, showing continued investor confidence in tech-driven underwriting and distribution. 2️⃣ Partnerships and launches — from bolttech and AXA Partners expanding embedded insurance, to Bold Penguin acquiring SquareRisk and Climate X teaming up with Fathom.ai on flood risk insights. 3️⃣ Performance and growth — strong results from Travelers Marsh, and Progressive Insurance plus a new IPO from Exzeo Group as capital markets stay active. Plenty of optimism and focus as we head into Q4 — and as the E&S and program space take center stage in Scottsdale next week. Catch the full Three Things We Learned and subscribe for weekly insights — link in the comments.

Austin-based QuoteWell has secured $12 million in a new funding round to expand its AI-driven platform for wholesale insurance. QuoteWell is a wholesale insurance brokerage that specializes in complex commercial risks for the construction, energy, and real estate sectors. The company’s platform fuses proprietary AI technology with human expertise to empower insurance producers, making them more efficient and effective at navigating the non-admitted insurance market. The round was led by New Enterprise Associates (NEA), with participation from Brand Foundry Ventures, Clocktower Ventures, Goldcrest Capital, and Floating Point. The funds will be used to expand its producer footprint into the Southeast and West Coast regions of the US and to enhance its proprietary AI platform. Congratulations to founder & CEO Joey Bouchard and the QuoteWell team. Life Insurance International: https://lnkd.in/dJc722Ei Deals like this are reshaping the AI landscape. For weekly analysis on the funding, valuations, and strategic moves that matter, subscribe to the Charted Growth newsletter: chartedgrowth.beehiiv.com #AI #InsurTech #Insurance #Automation #FinTech #Funding #VentureCapital

IRYS Insurtech has successfully closed a $12.5 million seed funding round to accelerate its mission of modernizing outdated industry systems. The investment was spearheaded by Markd with strong participation from DeepWork Capital, Florida Opportunity Fund, Ansay & Associates, Hico Ventures, and JMG Capital. This capital validates the market's need for a truly AI native operating system in insurance distribution. Irys's platform unifies critical functions including financials, operations, sales, and client data enabling scalable automation and positioning the company as the operational hub for the next generation of insurance enterprises. The new funding will be used to accelerate implementation for top brokerages and MGAs, expand engineering and customer success teams, and scale distribution partnerships across the U.S. and Canada. Congratulations to CEO Margeaux Giles and the entire Irys team on fueling this critical modernization! https://hubs.ly/Q03Nn-440 #InsurTech #AI #VentureCapital #DigitalTransformation #InsuranceInfrastructure

Paperwork is still the biggest productivity bottleneck in financial services. That’s why I’m thrilled to announce that Feathery has raised a strategic venture round from Erie Insurance Group, one of the top insurers in the US. This will continue to fuel Feathery’s journey to becoming the standard for AI-powered data intake within financial services. Feathery hit profitability over a year ago on rapid revenue growth and efficient execution. It was an incredible moment, and we’ve maintained strong cash flow since then that allows us to focus on tackling the most urgent business challenges. However, Zack Khan and I met Rahul Daryanani, CFA at Insurtech Connect last year, and the puzzle pieces came together naturally. We saw synergies both within Erie itself and their extensive network of partners. Feathery serves some of the largest insurers and wealth managers in the country. We already process millions of submissions monthly across hundreds of companies, driving 80% reduction in client onboarding time and 70% reduction in errors. If you’re a financial institution still dealing with manual onboarding and paperwork today, we’d love to show you a better way. And if you’re excited to help us build the future of financial data intake, we’re hiring across growth, ops, and engineering. I’m proud of our incredible team and grateful to our customers for their conviction in what we’re building. ------------------------------------- Thankful for continued support from Kevin Zhang, Luke Byrne, Patrick Murphy, Nina Achadjian, Chris Ahn, Steven Lee, Michael Ma, Zachary DeWitt, Eric Tarczynski, Kevin Hartz, Shabih Rizvi, Thomas Schiavone, Ben Tossell, Gary Wu, David Zhao, Nikhil Punwaney, Sri Viswanath, Jefferson Pitt, Stefan Ludlow, Ryan Mahoney, Michael Pendergrass, Leah Zillner, Chip Kispert, Rich Walker 🏁, Ken Nguyen, MBA, and many more. We wouldn’t be here without you! #financialservices #insurance #insurtech #wealthtech #AI #fundraise #digitaltransformation #clientonboarding

Our Scout InsurTech interview series continues with LAIIER. Matt Johnson sat with Chris Luiz to discuss how LAIIER is impacting the industry. https://lnkd.in/eVpZ7PeG "Our product is a hybrid of hardware and software. The software is a dashboard that sends alerts through SMS and email and integrates with building management systems. The hardware is where things get interesting; it’s what our customers call “smart tape,” a flexible, adhesive water leak sensor with configurable sensitivity. Whether you’re placing it in a pristine data center or a dusty, open industrial facility, we can calibrate sensitivity via software to reduce false positives. That level of customization is critical for our customers who are often managing risk across a wide range of environments." - Matt Join us every week for interviews with emerging startups and high-growth companies impacting insurance. A big thank you to our Presenting Partner, JobsOhio, and our Scout InsurTech Partners: Westfield, Bold Penguin, Ohio Mutual Insurance Group, Grange Insurance, Central Insurance, Western and Southern, Encova and Farmers Insurance. #insurance #technology #insurtech #future #innovation

InsurTech NY co-founders David Gritz & Tony Lew join Bryan Falchuk for Episode 21 of The Future of Insurance David and Tony have built a thriving community for InsurTech in NYC, while extending more broadly across the Insurance community. They share about what they're building, what they're seeing today from startups, and how they see a number of trends developing for the future of the industry. Plus, they announce an exciting new initiative, The Insurance Collaboration Index, which IEP is proud to be a part of. Get the complete episode at https://lnkd.in/ePNbWAV7 #insurtech #insurance #futureofinsurance #innovation

Federato has announced a major milestone for the insurance industry with the launch of the first enterprise-grade agentic AI platform, designed to transform underwriting efficiency and strategic alignment across the sector. William Ross, CEO and Co-Founder of Federato, stated: “For decades, the insurance industry has been held back by an old core of technologies built on legacy systems and siloed data. What was once a solution is now a limitation, as these systems can no longer meet the needs of a rapidly evolving industry. For the first time, insurers can now adopt an AI-native platform that spans the full policy lifecycle – one that is future-ready and designed to deliver better business outcomes every day.” Also quoted in the story is William Steenbergen, Co-Founder and Chief Technology Officer of Federato. Read the full story here: https://lnkd.in/eQG4Hg8B #insurtechinsights #insurance #insurtech #launch Don't miss out on further insights with our weekly newsletter: https://lnkd.in/ddymNCY3

Nigel Walsh shares his reactions to "The Future of Insurance, Volume III. The Collaborators" "Falchuk highlights 5 examples from startups to more traditional partnerships along with key lessons, honest mistakes and foundations for the future that will set you up for successful collaboration and the most meaningful impact to change for the better over the long term. Collaboration truly brings a unique opportunity to accelerate change across the industry." Read lessons from insurers and InsurTechs working together to move the industry forward in "The Future of Insurance, Volume III. The Collaborators" Get your copy today at https://lnkd.in/evYVzh9W #futureofinsurance #insurtech #insurance #collaboration

Nigel Walsh shares his reactions to "The Future of Insurance, Volume III. The Collaborators" "Falchuk highlights 5 examples from startups to more traditional partnerships along with key lessons, honest mistakes and foundations for the future that will set you up for successful collaboration and the most meaningful impact to change for the better over the long term. Collaboration truly brings a unique opportunity to accelerate change across the industry." Read lessons from insurers and InsurTechs working together to move the industry forward in "The Future of Insurance, Volume III. The Collaborators" Get your copy today at https://lnkd.in/evYVzh9W #futureofinsurance #insurtech #insurance #collaboration

Nigel Walsh shares his reactions to "The Future of Insurance, Volume III. The Collaborators" "Falchuk highlights 5 examples from startups to more traditional partnerships along with key lessons, honest mistakes and foundations for the future that will set you up for successful collaboration and the most meaningful impact to change for the better over the long term. Collaboration truly brings a unique opportunity to accelerate change across the industry." Read lessons from insurers and InsurTechs working together to move the industry forward in "The Future of Insurance, Volume III. The Collaborators" Get your copy today at https://lnkd.in/evYVzh9W #futureofinsurance #insurtech #insurance #collaboration