In this episode, we speak with Kevin McLoughlin. Kevin is partner and co-founder at MTech Capital. He has spent 22 years in insurance investment banking. Along with his brother they created MTech Capital as a venture capital firm that invests in technology companies operating in the insurance industry.
Kevin talks with us about how digital technology allows insurance companies to advance their operations and offer new products, but how adoption has been a slow process. As venture capital investors, he explains how MTech is being patient and navigating the industry as insurance becomes more embedded in daily life. Kevin does stress the importance of digital transformation, and how the use of the cloud and technologies like AI and ML can be game changers for insurance and banking.
Best Career Advice:
At some point pick your niche and go deep in it to make yourself invaluable to your employer.
Kevin McLoughlin, Partner and Co-Founder at MTech Capital
Kevin McLoughlin spent 22 years in insurance investment banking, most recently as the Global Head of Insurance Investment Banking at Bank of America Merrill Lynch, and prior to that, as Global Head of Insurance Banking at Citigroup. He also spent 7 years as an executive at AIG. Kevin maintains senior level relationships across the insurance industry globally, having advised many of the largest companies during his banking career. Kevin holds an MBA from Columbia Business School and a BA from Boston College. He is based in London.
MTech Capital is a venture capital firm with offices in Santa Monica and London investing in technology companies operating in the insurance industry. We define the insurance sector broadly to encompass all of the businesses that insurance companies are in, including asset management, wealth management and other financial services. We look for founders with the vision and ambition to change the insurance industry using technology. We invest across all stages and our primary focus is in North America and Europe.
Our founding partners have 45+ years combined of FinTech venture investing, insurance, and insurance investment banking experience, with a long family history in the insurance industry — the 4th generation. We are redefining venture capital by creating an ecosystem for InsurTech founders and strategic investors.
Technology will revolutionize all aspects of the insurance industry, vastly improving the customer experience, automating many aspects of claims and policy administration, enabling deeper insights from data for underwriting, and providing the foundation for entirely new models of insurance. MTech Capital is committed to backing founders who have solutions for the hard problems facing the insurance industry.
Our investors are leading insurance companies, brokers and agent networks in the US and Europe. We have longstanding relationships across the insurance sector globally. We help founders navigate the insurance industry and provide strategic advice. Typically we seek board representation. MTech Capital Elevate is our program for connecting founders and their teams with trusted, experienced mentors from among MTech’s investors.
We provide our strategic investors with insight on InsurTech trends and early access to the most innovative entrepreneurs who are transforming the industry. Our goal is comprehensive coverage of the InsurTech markets in North America and Europe, while highlighting companies that are strategically relevant for each of our investors.
MTech Elevate gives insurance executives an opportunity to get an insider’s understanding of startup culture while acting as mentors to founders and their teams. Over time this cross-fertilisation may accelerate cultural change in your organisation.
If you are an InsurTech startup seeking capital, an insurance company seeking strategic insight, or an investor who would like to capitalize on the early innings of the insurance revolution, we welcome the opportunity to speak with you.
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About the Hosts
Matthew O'Neill is a husband, dad, geek and Industry Managing Director, Advanced Technology Group in the Office of the CTO at VMware.
Brian Hayes is an audiophile, dad, builder of sheds, maker of mirth, world traveler and EMEA Financial Services Industry Lead at VMware.
You can find Brian on LinkedIn.