RiskGenius acquired by Bold Penguin
RiskGenius (a venture QBE invested in during 2017) has been acquired by Bold Penguin, a rapidly growing commercial insurance platform. This milestone represents QBE Ventures’ first exit.
Bold Penguin acquired RiskGenius acknowledging that it is a pioneer in the insurance software space. Bold Penguin plans to leverage the artificial intelligence and data analysis capabilities of RiskGenius to help customers quote and bind commercial insurance more quickly.
QBE Ventures continues to develop and invest globally in companies, like RiskGenius, that provide access to emerging technologies that can enhance QBE’s business model, drive efficiencies, and develop new avenues of growth.
More information about RiskGenius is available here.