June 4, 2019
Eos Venture Partners, the Strategic InsurTech Venture Capital Fund that works with insurers and brokers to drive both a financial and strategic return, announced today an enhanced collaboration with Marsh, the world’s leading insurance broker and risk adviser, to drive real-time risk management within the global insurance marketplace.
Through its portfolio companies, Eos will work with Marsh to develop innovative InsurTech solutions that deliver actionable intelligence to Marsh’s clients across industry to manage and reduce risk. In its first project with Marsh announced last October, Concirrus, a London-based InsurTech, agreed to deliver real-time analytics to enhance the risk management capabilities of Marsh’s clients in the global marine sector.
“Eos is focused on solutions that support data analytics to provide real time insights to better understand risk, create new dynamic product solutions, and reduce the frequency and severity of losses through active risk management,” said Jonathan Kalman, a Founding Partner of Eos. “We are excited by the opportunity to collaborate with Marsh on these initiatives, working closely with their digital team.”
As part of the enhanced collaboration agreement, Eos portfolio companies and Marsh will collaborate on sharing economy solutions by leveraging Marsh’s new Bluestream platform. Bluestream is a cloud-based digital broker platform designed to provide a new, streamlined way for Marsh’s Affinity clients to offer insurance products and services to their customers, contractors, and employees.
“A confluence of trends, including real-time data streaming and analytics driven by artificial intelligence, is enabling businesses and the insurance industry to move toward real-time risk management,” said John Drzik, President, Global Risk and Digital at Marsh. “We see great opportunity to innovate solutions that have large-scale impacts for a wide range of our clients.”
About Eos Venture Partners
Eos Venture Partners is a global independent Strategic Venture Capital Fund focused exclusively on InsurTech, investing in early and growth stage technology businesses that accelerate innovation and transformation across the insurance industry and value chain. Eos was founded in 2016 to bridge the “digital chasm” between InsurTech start-ups and traditional (re)insurance companies. Investors in the Eos fund, EVP I, are from the insurance sector, forming a close strategic relationship with the Eos team to capture both strategic and financial value from the innovation and technology change in the insurance industry. See more at: www.eosventurepartners.com
Marsh is the world’s leading insurance broker and risk adviser. With over 35,000 colleagues operating in more than 130 countries, Marsh serves commercial and individual clients with data driven risk solutions and advisory services. Marsh is a wholly owned subsidiary of Marsh & McLennan Companies NYSE: MMC), the leading global professional services firm in the areas of risk, strategy and people. With annual revenue over US$15 billion and 75,000 colleagues worldwide, MMC helps clients navigate an increasingly dynamic and complex environment through four market-leading firms: Marsh, Guy Carpenter, Mercer, and Oliver Wyman. Follow Marsh on Twitter @MarshGlobal; LinkedIn; Facebook; and YouTube, or subscribe to BRINK