Erie Strategic Ventures invests in tech-enabled pet wellness and insurance, AI-powered insurance operations and digital estate planning startups
The Erie Strategic Ventures fund, launched in
“We are excited to partner with Wagmo, Roots Automation and Trust & Will,” said
- Wagmo offers a tech-enabled pet care solution with unique pet wellness and pet insurance products specifically designed for employers, designed to extend coverage beyond traditional offerings and increase value and flexibility for customers. Select features include the ability to visit any groomer or service provider, submit claims digitally and have claims paid in 24 hours all through Wagmo’s app. Wagmo’s innovative approach to pet wellness complements and fills gaps that pet owners have identified with traditional pet insurance products.
- Roots Automation leverages artificial intelligence, trained on insurance-specific data, to automate manual and time-consuming processes across claims, underwriting and insurance operations. Roots’ AI-powered “Digital Coworkers” increase operational agility, reduce premium leakage, improve combined ratios, and free people from inefficient and repetitive work enabling them to be more creative, collaborative and innovative.
- Trust & Will is an online digital estate planning and settlement platform that provides an easy, fast and trusted way for individuals to set up an estate plan or navigate probate. Trust & Will’s product aligns with Erie Insurance’s focus on protecting families by providing affordable and flexible offerings to help them prepare for—and get through—difficult times.
Erie Insurance is a Fortune 500 auto, home, business and life insurance company that generated
In addition to providing capital, Erie Strategic Ventures leverages
Learn more about Erie Strategic Ventures at www.erieinsurance.com/ventures.
About Erie Insurance
According to A.M. Best Company, Erie Insurance Group, based in
About Touchdown Ventures
Touchdown Ventures partners with corporations to manage their venture capital programs. Touchdown works closely with each corporation to help achieve the financial and strategic benefits from venture capital investments. The firm maintains offices in
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SOURCE Erie Indemnity Company