Firemark Ventures says its investments in BlueQubit, DexMat, Gatik, Adaptive Insurance and Socotra “reflect where we see the next evolution of insurance taking shape”.

IAG’s venture capital arm backs start-ups that address emerging risks, and the latest investments span AI, autonomous logistics and carbon-negative materials, partner Scott Gunther says.

“Our mandate is to partner with companies building at the frontier of change, supporting their growth while strengthening IAG’s ability to anticipate risk, respond to disruption and deliver more relevant solutions for customers,” he said.

BlueQubit helps organisations apply quantum computing capabilities to complex computational challenges.  

“This investment supports IAG’s understanding of emerging quantum technologies and their potential implications for the insurance sector. It may unlock future applications across catastrophe modelling, pricing, underwriting, portfolio optimisation, capital allocation and advanced analytics,” the insurer said.   

DexMat produces nanomaterials designed to replace base metals. Its flagship product, Galvorn, is a light, conductive carbon nanotube material available in fibres, films and fabrics. It offers a sustainable alternative for electric and data transmission applications.

“As global demand for electrification, AI infrastructure and data centres accelerates, pressure on critical inputs like copper is expected to intensify. This is driving the need for scalable, lower-emissions alternatives that can support future infrastructure requirements,” IAG said. 

Gatik specialises in self-driving trucks, and Adaptive Insurance’s platform delivers AI-powered parametric cover to help businesses manage climate-related disruptions such as power grid failures. Socotra gives insurers flexible software platforms.