January 2020

Month: January 2020

Press Release: InsurTechNY Launches Global InsurTech Competition

Written by insurtechny on January 7, 2020. Posted in Press Release.

This article was published January, 2020. For information on our latest news and this years’ startup competition, click here.

InsurTechNY, the largest InsurTech community in the New York metro area, spanning carriers, brokers, startups, and investors, has opened the application window for the 2020 InsurTech Startup Competition (www.insurtechny.com/competition).

The competition has two tracks and will award $300,000 in prizes to the six winning teams. Startups in the early-stage track will compete for the title of the most investable startup. The growth-stage teams will compete to demonstrate the highest year over year growth potential. Top teams will get to pitch their business or demo their platform at the InsurTechNY Spring Conference on Mar 19, 2020, where judges will select the winners.

“We’re looking worldwide for the top startups that support the insurance industry to showcase their platforms,” said David Gritz, co-founder of InsurTechNY. “Our team has curated the most active investors and insurance innovation leaders to judge the competition.”

Judges for the competition will be evaluating startups for potential investment or pilot opportunities. They comprise investment organizations including New York Angels, Anthemis, and CT Innovations. The pool of judges represents the entire insurance value chain from broker to reinsurance including NFP Ventures, Transamerica, and GreenlightRe.

The deadline for submissions is February 7, 2020. Finalists to present in-person will be announced in early March 2020.

Media Contact:
David Gritz
215-650-9400
231887@email4pr.com

About InsurTechNY
InsurTechNY supports the insurance innovation community in the New York metro area. Founded in 2019, InsurTechNY brings together carriers, brokers, investors, and InsurTech startups via bi-monthly programs. InsurTechNY’s mission is to drive talent to insurance, make regulation innovation-friendly, attract InsurTechs to the New York metro area, and improve access to investment. Learn more at www.insurtechny.com or follow us on LinkedIn (linkedin.com/company/insurtechny).

Contact: David Gritz
press@www.insurtechny.com
215-650-9400

Jan 21 Newsletter: 2020 Outlook

Written by insurtechny on January 1, 2020. Posted in Newsletter.

Welcome to 2020.

The new year is a great time for self-reflection and goal setting. It is in the new year, we are most apt to try new things. In that spirit, InsurTechNY launched its startup competition. Our goal is to draw the same competitive energy from personal goals into startup goals for a worldwide InsurTech competition. InsurTechs of any stage can participate (later stage startups demo instead of pitching).

The competition features all-star judges. Our judges represent the entire insurance value-chain and made over 50% of U.S. InsurTech investments last year. Judges will determine the top 20 startups to present at the InsurTechNY Spring Conference and select who wins the pool of $300,000 in value.

2020 Outlook

We will continue our regular cadence of bi-monthly events. We will kick off the year with a full-day conference on March 19 about the changing buying experience. The conference will discuss trends in insurance buying like the gig economy, demographics, and new customer expectations.

After March, we will continue our bi-monthly events covering topics including data & analytics, working with CVCs, core systems evolution, emerging technologies, and FinTech vs. InsurTech.
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Upcoming New York Area Events

Spring 2020 Conference: Transforming the Buying Experience (Pre-register for discount)
Mar 19 | 8:00 AM – 6:30 PM | 6th Ave. & 23rd St. (Flatiron district)
– Featuring 25+ speakers, 20+ InsurTech investors, & 20+ Insurtech pitches
– Pitch & demo competition featuring top 20 startups

InsurTech Startup Competition (Apply by Feb 7th)
– Tracks for early and growth-stage startups
– $300,000 in prizes available to winners

InsurTech Hartford Pitch Night V
Feb 25 | 5:30 PM – 9:00 PM | 20 Church St, Hartford, CT
– Startup showcase of Hartford area InsurTechs

St. Josephs University InsurTech Symposium
Jan 30 | 1:00 PM – 5:30 PM | 5600 City Ave, Philadelphia, PA

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Sponsors
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InsurTech New York Area Deals and Opportunities

A curated mix of late Dec and early Jan insurance financings, exits, partnerships, and opportunities in the New York area.

Pawlicy Advisor ($1M Raised, Defy Partners): Pet insurance. Provider of pet insurance comparison services.

Zipari ($22.5, Vertical Venture Partners): Health insurance. Consumer experience platform built specifically for health insurance.

Corvus Insurance ($31M Raised, Hudson Structured): Cyber lines. InsurTech that offers artificial intelligence (AI)-enhanced cyber insurance policies.

Insurify ($23M raised, MTech Capital): Person lines. Digital auto insurance comparison agency.

GIA Cohort 2020 (8 Startups): Launched on Jan 14 and includes two New York area startups, Kiwi Insurance and Gerald Tech.