MarketScout Launches $25M Insurance Technology Venture Fund

MarketScout, a Dallas-based insurance exchange and managing general agent, has formed an insurance technology venture fund. The fund has an initial $25 million for 10 to 12 investments in insurance technology companies, MarketScout founder and chief executive officer Richard Kerr said in a news release. The focus will be on technology-enabled insurance distribution. The initial funding comes exclusively from MarketScout Corp. According to Kerr, MarketScout was founded as a web-based insurance exchange in 2000. The company will use its experience with technology to help the Mar...