AVANTA INSIGHTS

 


IN THE NEWS

October 27, 2020
Backed by IDEO and four corporations, IDEO CoLab Ventures has invested in and helped incubate over 30 blockchain startups to date Today, we’re excited to announce our $21M early-stage crypto fund. The fund is backed by IDEO, Avanta Ventures (the venture capital arm of CSAA Insurance Group), GS Group, Hanwha Asset Management, Fineqia, and other institutional investors, as well as executives from IDEO, Coinbase, Twitter, Fortress, and other major tech companies and financial institutions. To date, IDEO CoLab Ventures has invested in and helped incubate over 30 crypto startups by bringing IDEO’s full range of capabilities — in the areas of product, […]
October 21, 2020
Insurer’s VC Arm Sees Synergy with the Rapidly Growing Fintech SAN FRANCISCO, Oct. 21, 2020 (GLOBE NEWSWIRE) — LoanSnap, the company that helps consumers own their financial future and creator of the world’s first smart loan technology, announced today it has raised an additional $5 million strategic investment led by Avanta Ventures, the venture capital arm of CSAA Insurance Group, a AAA insurer, rounding out the total Series A extension investment to $15 million. LoanSnap’s mission to improve the finances of every consumer is a vision shared by its new investors. Avanta Ventures’ goal is to invest in disruptive technologies […]
September 16, 2020
Sanjiv Parikh is managing partner for Avanta Ventures, the corporate venturing subsidiary of US-based insurer CSAA Insurance, where he oversees venture capital deals, startup incubation and acceleration initiatives, and corporate development with partner Steve Bernardez. Parikh helped CSAA launch the unit in 2017 and defined its areas of focus on insurance and financial technologies, advanced mobility and adjacent fields involving risk management and customer experience. Bernardez was brought on board from an institutional venture capital firm, Onset Ventures, in March 2019 to help Avanta Ventures identify opportunities in verticals including mobility and insurtech, applying artificial intelligence (AI), the internet of […]
September 3, 2020
PLEASANTON, Calif. – September 3, 2020 – Cowbell Cyber, the industry’s first AI-powered cyber insurance provider for small to mid-sized businesses (SMBs), today announced its cyber insurance program, Cowbell Prime, is now admitted in 18 states, including Texas as well as Ohio, Indiana and Michigan which were also opened in the past two weeks. The accelerated roll-out reflects Cowbell’s commitment to close the insurability gap for small businesses by simplifying and expediting the process of delivering cyber insurance.
August 26, 2020
Discover Financial Services and California-based financial technology startup, Car IQ, are partnering to create a payment platform for machine-initiated payments beginning with automotive fleets. Fleet vehicles connected to the Car IQ platform will be able to pay for services autonomously through the Discover Global Network infrastructure, according to a press release. Car IQ’s touchless machine payment platform turns the vehicle into a payment mechanism enabling it to automatically initiate and complete payments for automotive services such as repairs, tolls, fuel, insurance, parking and more. Once the service is complete, the vehicle generates a payment file for Discover via a virtual […]
August 13, 2020
August 11, 2020
PLEASANTON, Calif. – August 11, 2020 – Cowbell Cyber, the industry’s first AI-powered cyber insurance provider for small to mid-sized businesses (SMBs), today announced that it has been named a Top 100 Cybersecurity Startup for 2020 by Cyber Defense Magazine. Cowbell stood out to make this top 100 list over 3,200 global cybersecurity companies with nearly 30% in the startup range having been incorporated within the last 36 months or releasing their first round of innovative cybersecurity products and services. “We’re pleased to name Cowbell Cyber as a winner among the Top 100 Cybersecurity Startups for 2020 in our second annual Black Unicorn awards. This award […]
August 10, 2020
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CSAA IG Improved Underwriting Quality and Efficiency by Utilizing Cape Analytics’ AI–Based Property Intelligence.

PRESS RELEASES

June 18, 2018

CSAA Insurance Group Lends Support to “Female Founders in Tech”

CSAA Insurance Group is a sponsor of the second annual “Female Founders in Tech” program, which invites women-led technology startups to share innovative insurance concepts and business models. The program is managed by Quesnay, a consulting firm focused on accelerating growth among startups and corporations. Five finalists will be coached by world-renowned industry leaders, and have the opportunity to partner with CSAA Insurance Group and other corporate sponsors. “The best innovations reflect the diversity of the markets they serve,” said Debbie Brackeen, chief strategy and innovation officer, CSAA Insurance Group, a AAA insurer. “The Female Founders in Tech program plays […]
April 30, 2017

Sanjiv Parikh Joins CSAA Insurance Group as Corporate Venture Capital Executive

CSAA Insurance Group, a AAA Insurer, recently named Sanjiv Parikh as the company’s new corporate venture capital executive. In this newly created role, Parikh will be responsible for implementing a corporate capital investing program to derive strategic insights; developing a portfolio of disruptive growth concepts outside of CSAA Insurance Group’s core business; and establishing the company’s presence in Silicon Valley. To help build capabilities around disruptive innovation, Parikh also will create a lab where CSAA Insurance Group can partner with startups, experiment with emerging technologies, test new venture concepts and launch commercial pilots. “This is an exciting time at CSAA […]
February 22, 2017

Lyft and CSAA Insurance Group Partner to Offer Ride-sharing Option

Lyft and CSAA Insurance Group have partnered to launch a pilot program that provides insurance customers an option to receive Lyft credits while their vehicle is in the repair shop. This collaborative program is the first of its kind for the insurance and ride-share industries. “We’re excited to partner with CSAA Insurance Group to offer the option to receive Lyft ride-share credits while a vehicle is being repaired,” said David Baga, chief business officer for Lyft. “This pilot program will help people get around safely and efficiently, and supports our mission of improving people’s lives with the world’s best transportation.” […]

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