Luzern Risk raises $45m Series B to scale captive insurance platform
Insight Partners led the round as Luzern expands software and services for companies managing their own insurance risk.
Managing captives as operating programs
Luzern Risk combines captive-insurance management with software for forming and running a company’s own risk-financing program. Businesses and their brokers can coordinate financial models, policies, claims, compliance filings and service providers in one operating workspace, with Luzern’s specialists supporting formation and ongoing management.
The company says it will use the Series B to accelerate its platform, expand AI capabilities and broaden alternative-risk options for clients. Its ecosystem includes brokers, fronting carriers, reinsurers and advisors.
Use of funds
Accelerate its captive insurance platform
Expand AI capabilities
Extend client options for alternative risk solutions