State Auto sets up InsurTech venture lab with $25mn

Property and casualty carrier State Auto Financial is on the
hunt for InsurTech entrepreneurs and their innovations.
The insurer's Columbus, Ohio-based mutual parent, State
Automobile Mutual Insurance Company, said today it put $25mn in a
corporate venture fund to work with Rev1 Ventures to connect
InsurTech and FinTech startups with funding, insurance experts and
technologists.
The objective is to identify transformative developments, invest
in them and become an early adopter of those that pro