VC Insights: Putting the Focus on Insurers, Not Silicon Valley

When Eos Venture Partners invested in a cyber recovery firm, it had yet to generate significant profit.

Executive Summary

"How do we make the insurance industry better than we found it?"

That's the mission of Eos Venture Partners, according to Jonathan Kalman, a founding partner of the venture capital firm, who told Guest Editor Mike Fitzgerald about some of the portfolio companies that reflect the mission, and about a strategy of turning loss-making companies into profit-making ones by providing capital, relationships and know-how.

Kalman also shared views on the impacts of AI and advanced analytics on P/C insurance and how carriers can prepare their workforces for an AI future.

Michael (Fitz) Fitzgerald, Insurance Industry Advisor for SAS Institute Inc., served as guest editor for this article and others featured in CM's Q1-2024 magazine, "Leading the AI-Powered Insurer."

But Fenix24 has since had a “meteoric rise,” according to Jonathan Kalman, a founding partner of the venture capital firm that is exclusively focused on the insurance industry. Kalman, who would go on to explain that the essence of venture capital is investing in loss-making businesses, said his firm’s relationships with insurance carriers helped put Fenix24 on their radar.

Executive Summary “How do we make the insurance industry better than we found it?”

That’s the mission of Eos Venture Partners, according to Jonathan Kalman, a founding partner of the venture capital firm, who told Guest Editor Mike Fitzgerald about some of the portfolio companies that reflect the mission, and about a strategy of turning loss-making companies into profit-making ones by providing capital, relationships and know-how.

Kalman also shared views on the impacts of AI and advanced analytics on P/C insurance and how carriers can prepare their workforces for an AI future.