Insurtech opportunities exist, despite funding gaps: Centana's Sarah Kim
Though venture capital has been tough to come by of late, insurtechs should not give up hope, according to one prominent fintech backer.
Digital Insurance recently spoke with Sarah Kim, a partner at Centana Growth Partners, a growth equity fund that focuses on financial services, about recent funding gaps within the insurtech market, how the climate crisis is impacting digital solutions, as well as what startups need to grow in the space.
Kim has two decades of experience in investing and operations within technology and financial services. She previously worked as the chief financial and business officer of Archipelago Analytics, an insurtech platform. She serves on the board of Corsair, a computer hardware company, and previously served on the board for ABR Re, a Bermuda-based insurance carrier.
Centana is currently investing out of a $375 million fund. Last year, the firm led a $33 million funding round for Zesty.ai, a property risk analytics firm that partners with property and casualty insurance carriers.
Responses have been lightly edited for clarity.