munich-re-ventures
(2)
Flow Specialty
Flow Specialty is a Mountain View insurtech that set out to automate the grind of specialty wholesale insurance placement with AI. Founded in 2021 as Capitola and rebranded to Flow in April 2024, the company built what it called the industry's first AI insurance broker: a system of backend AI agents - branded 'Platformless AI' - that read submissions, match risk to carrier appetite, build quotes and support human brokers end-to-end without asking retail agents to log into anything. In 2024 its AI reportedly became the first system to pass an RPLU underwriting certification exam, and the firm claimed a 50% quote-to-bind ratio, roughly double the industry norm. In June 2026, ReSource Pro acquired Flow's technology, IP and core team, appointing founder Sivan Iram to lead a new 'AI Factory.'
Alex Kamenetskiy
Alex Kamenetskiy is Managing Director, COO and CFO of Munich Re Ventures, the venture arm of one of the world's largest reinsurers. He helped scale the firm from a $50 million off-balance-sheet experiment into a $1B+ multi-fund platform, building the back office, the team, and the playbook that lets MRV write checks alongside Lightspeed and the rest of Sand Hill Road. He invests across cybersecurity, climatetech, healthtech, insurtech, and the future of transportation.