Earlier this week, drone startup Betterview announced a partnership with Munich Re in which the startup would offer drone imagery, analysis, and reporting to Munich Re’s insurance clients.
Per the agreement, Munich Re “will also refer insurance company clients that can benefit from Betterview’s services, and interested companies would be able to purchase those services.”
Over the last year, we also saw some B2B-focused insurance startups publicly announce partnerships with large brokers. In October 2017, Clara Analytics secured a partnership with Aon Benfield to offer its analytics solutions to workers’ comp insurers.
These types of arrangements in which brokers or reinsurers become key referral partners could become more frequent as B2B startups look to get in the door with more insurers. But are they effective? Weight in by replying to this email.
More deals in Europe
Europe saw a new annual high when it came to both fintech and insurance-focused startup deals in 2017 (we’ll cover this and more in our webinar this week). So far in the first couple weeks of 2018, we’ve seen five European insurance startups raise new investment.