Peacock Receives Investment from MarketScout Insurtech Ventures

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July 1, 2021

Jewelry Insurer Simplifies Purchase Process

DALLAS, June 22, 2021 Peacock, a newly launched automated jewelry insurer, has received funding from MarketScout Insurtech (MIT) Ventures. The investment will enable the jewelry insurtech to expand its Peacock Platform to all fifty states. Terms of the transaction were not disclosed.

“We are excited to offer the Peacock Platform for purchasing jewelry insurance,” said Alice Guevara, Vice President and lead underwriter at Peacock. “Agents will be able to get premium prices in less than sixty seconds.”

The security behind Peacock is rated A XV by AM Best Company. Peacock operates as an underwriting managing agent for all coverages placed on the Peacock Platform. Peacock insures jewelry valued as low as $20,000 or as high as $1,000,000. Ultimately, Peacock also plans to provide fine art and collectibles coverage. The comprehensive coverage offering includes worldwide coverage, mysterious disappearance and agreed value.

About Peacock

Peacock is an independent jewelry insurer with operations in Chicago, IL and Dallas, TX. Peacock has a national platform supporting agents in all 50 states. To learn more, visit https://insurancepeacock.com.

About MarketScout Insurtech (MIT) Ventures MIT is a venture fund focused on investing in insurtech initiatives in the property and casualty industry. The firm focuses on early stage investments. MIT’s Innovation Lab, located in Dallas, TX assists upstart companies by providing technology, consultation, and financial support. MIT is the insurtech investment subsidiary of MarketScout Corporation.