Sarah Kim is Partner at Centana Growth Partners and has more than 20 years of experience as an investor and operator in the technology, financial services, insurance and business services industries. Sarah's background includes direct investing, fund investing, and co-investments across buyouts, growth equity, venture capital and other private markets. She currently serves on the board of directors of Corsair (Nasdaq: CRSR) and previously served on the board of directors for ABR Re, a Bermuda based reinsurer. Prior to joining Centana, Kim served as the chief financial and business officer of Archipelago Analytics, an insurtech platform serving the global real estate and insurance industries.
RepeatMD, a SaaS company leveraging Inbound Revenue to increase sales for aesthetic and wellness practices, has secured $50 million in Series A fundin
RepeatMD, a startup building apps for aesthetics and wellness companies, has raised $40 million in equity and $10 million in debt.
Digital Insurance reached out to several insurance professionals to gain insight into what parametric insurance is, when it's triggered and how access to data plays a role.
“RepeatMD’s membership, loyalty, and eCommerce solutions have broad applicability across the wellness industry, and it’s refreshing to see a company operating in a sector with a strong female influence,” said Sarah Kim, Partner at Centana. “With a commitment to client satisfaction and improving customer profitability, RepeatMD continues to innovate and is aligned with Centana’s focus on unique technology investments at the intersection of financial services and healthcare.”
"I think when you're really thinking about complex risks, like climate change, you need to have all the toolkits in your toolbox. You can have a traditional insurance tower, you can issue cat bonds, you can use parametric, and when you combine these together, you can actually create a more robust risk management process for your company,"
"The trigger event could be something like a hurricane surpassing a specific category, business interruption due to cyber attacks, or the strength of an earthquake. We're seeing a lot of new opportunities using sensors, IoT, to really help understand those trigger events. And some of the complexities we've seen in the market is when you try to do parametric insurance without being able to replicate that true loss, but what's nice about it is you can settle immediately, really quickly get that cash back into the insured hands and get them back into the market and back on their feet. Parametric insurance can provide a unique capability in the market that augments the traditional insurance markets,"