Munich Re takes part in £7.5mn InsurTech funding

Munich Re is among the participants in a £7.5mn ($9.5mn)
Series A funding round for InsurTech start-up Bought By Many,
through its venture capital arm HSB Ventures.
The round was led by European venture capital firm Octopus
Ventures, alongside Munich Re and existing Bought By Many
investors.
Bought By Many enables individuals with specific insurance
requirements to search for offers from existing providers through
use of collective buying power, including in areas such as pet
insurance for