ILS Capital Management invests in insurtech incubator


ILS Capital Management has announced it is investing new insurtech incubation platform, MLTPLY. Launched in October with the intention to launch a new offering every six months, MLTPLY provides startups with venture funding, operational infrastructure, insurance product delivery and support along with fronting and reinsurance capacity. 

It is aimed at seed-stage companies that service small businesses and consumers in the property and casualty space. MLTPLY has a special focus on companies “where technology and coverage are key areas of innovation”, including telematics, new data, new markets, complex markets, and non-admitted offerings that need technology scale.

With $320 million in assets under advisement, ILS Capital Management is an insurance linked securities fund and reinsurance linked investment manager. Its subsidiary Prospero Re Ltd. was launched in 2013 as a Class 3A Bermuda reinsurance company.

ILS Capital Management, MLTPLY, Investment, Technology, Insurance, Reinsurance, Bermuda

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