Brittany Clements, managing director at American Family Ventures (AFV), spoke about some of the insurtech startups she has worked with in the firm's portfolio:
Entrio
Entrio is a SaaS IT asset management solution that provides enterprises with visibility and insights into their technology stacks.
"Entrio's AI platform is focused on tech stack optimization, which comes in really handy for large regulated industries like banking and insurance. It ultimately is important because it helps organizations better understand what they have, how it's being utilized, and the value it drives so they can make better decisions to drive efficiencies across their business."
Healthium Medtech
Healthium Medtech is a medical device company specializing in surgical, post-surgical and chronic care.
"Healthium is partnering with carriers at the product filing level today, which isn't necessarily an easy thing to do, but they're bundling their offering alongside existing insurance products in the critical illness and life sectors. They're able to leverage the expertise of carrier partners and robust existing distribution that's already in place, without having to build expertise."
Alix
Alix is an estate settlement process company.
"There is a massive wealth transfer that's about to transpire with aging demographics across the U.S. Many are focused on the planning involved. It's a challenging situation. Estate settlement means you're handed this dusty binder and have to navigate a process that takes hundreds of hours, way too much time and way too much money. I'm really excited about what Alix is building. I don't think it's an easy thing to build, but it's a really strong team. I'm excited to see what they do and how they're able to solve for what's a pretty painful issue for consumers today."
TCARE
TCARE is a caregiver support platform.
"TCARE helps caregivers and supports them to ultimately help negate nursing home placements and take costs out of the system. They serve a strong need for caregivers and solve a pain point. They think holistically about taking care of these individuals is taking costs out of the system and ultimately bending the risk curve."