Slingshot Insurance Secures $27 Million Seed Funding to Develop AI-Native Embedded Insurance Infrastructure
Slingshot Insurance has emerged from stealth mode with a $27 million seed investment co-led by Rally Ventures and Skyward Group. The company aims to provide AI-native infrastructure specifically designed for the embedded insurance market, which is projected to grow from 3% to nearly 20% of global P&C premiums over the next decade. Co-founded by Ethan Genteman, Slingshot provides technology and capacity to help MGAs, software platforms, and distributors launch niche products in sectors like travel, amateur sports, and the gig economy. By replacing legacy systems with an integrated AI platform and APIs, Slingshot seeks to lower administrative costs and manage high-frequency, low-severity risks that traditional carriers struggle to process profitably.
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Topics: Artificial Intelligence Embedded Insurance Insurance Technology Seed Financing
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Part of the story Slingshot Insurance and Skyward Group Form Strategic Partnership for Embedded Insurance Growth (3 articles)