Month: March 2021

Silicon Alley on InsurTech collaboration

Collaborating for Success at InsurTechNY

Written by Tony Lew on March 17, 2021. Posted in News.

Collaborating for Success at InsurTechNY

Dive into the realm of InsurTech collaboration with an in-depth analysis of panel discussions from InsurTechNY‘s December meetup. Delve into the intricacies of partnerships between insurtech startups and industry giants as they navigate the challenges and opportunities of working together.

Gain invaluable insights from industry leaders like Victor Dan, Daren Moreira, Brian Gilman, Megan Protas, and David Bradford as they share their experiences and strategies for successful collaboration. Explore topics ranging from proofs of concept and selecting the right partners to managing the process and addressing legal and HR angles.

Discover firsthand accounts of real-world collaborations and learn from both the triumphs and challenges encountered along the way. Whether you’re a startup seeking to partner with established carriers or a carrier looking to leverage startup innovation, this article offers actionable insights to guide your journey towards fruitful collaboration.

Don’t miss out on this exclusive opportunity to learn from industry experts and uncover https://www.insurtechny.com/news/insurtech-collaboration-for-success-at-insurtechny/the secrets to successful partnerships in the ever-evolving landscape of insurance technology. Click here to read the full article and gain a deeper understanding of the dynamics shaping the future of InsurTech collaboration.

Digital insurance DIGin article on Customer engagement

Talking customer engagement at Insurtech New York

Written by Tony Lew on March 17, 2021. Posted in News.

Talking customer engagement at Insurtech New York

Prepare to immerse yourself in a rich tapestry of insights and strategies surrounding customer engagement within the insurance industry. In this compelling article from Digital Insurance, we delve deep into the thought-provoking discussions and groundbreaking revelations unveiled at the InsurTech New York Spring Conference.

Explore the dynamic landscape of customer engagement strategies, meticulously dissected and analyzed by industry luminaries and disruptors. From leveraging cutting-edge technologies like AI and data analytics to crafting personalized experiences tailored to individual preferences, discover the multifaceted approaches reshaping how insurers connect with their clientele.

This latest insurtech NY conference, a packed event held October 22 in McCarter & English’s NYC headquarters, was originally provocatively billed as a debate but actually turned out to be a lively, polite, and engaging off-the-cuff collaborative discussion. It was fittingly introduced by insurtech NY’s Tony Lew and David Gritz as bringing in the “best panelists” from New York City, “but to the extent where people are making change all over the country and all over the world, we will bring them in as well.” The panelists were…

Gain invaluable perspectives from leaders at the forefront of customer-centric innovation as they share their experiences, challenges, and triumphs. Uncover actionable strategies and best practices to enhance customer satisfaction, drive retention, and foster lasting relationships in an ever-evolving digital landscape.

As InsurTech New York continues to drive innovation and collaboration, this article serves as a compass for insurers and InsurTech startups navigating the complexities of modern customer engagement. Whether you’re seeking inspiration to revamp your strategies or keen to stay ahead of emerging trends, this article offers concrete insights to shape your journey towards customer-centric excellence.

Don’t miss this exclusive opportunity to delve into the heart of customer engagement evolution – click here to access the full article and embark on a transformative exploration of customer-centric innovation with us.

InsurTech Investment: Fad or Long-Term Value—InsurTechNY Panel

Written by Tony Lew on March 17, 2021. Posted in News, Thought Leadership.

Embark on an enlightening expedition into the realm of InsurTech investment through a captivating panel discussion brought to you by Insurance Innovation Reporter, in collaboration with InsurTech NY. Delve deep into the discourse surrounding the sustainability and enduring value of InsurTech investment, tailored to the unique perspectives and expertise of InsurTech NY’s ecosystem.

Join us as we unravel the intricacies of InsurTech investment, guided by the insightful contributions of industry luminaries, including David Gritz, Founder of InsurTech NY. Gain invaluable insights into distinguishing between fleeting trends and lasting value, and navigate the evolving landscape of technological innovation reshaping the insurance industry.

Discover firsthand perspectives from esteemed panelists, such as Steven Ueng, Vice President for Principal Investments and Acquisitions at Swiss Re, and Adam Myers, Senior Vice President for Strategic Ventures at Guardian Life. Explore their insights on the strategic imperatives driving investment decisions within the life insurance sector and beyond, within the context of InsurTech NY’s pioneering initiatives.

As InsurTech NY continues its mission to foster innovation and collaboration, this panel discussion serves as a beacon of knowledge for investors, entrepreneurs, and industry enthusiasts alike. Whether you’re seeking promising investment opportunities or striving to remain at the forefront of industry evolution, this discussion offers indispensable insights to shape your journey.

Don’t miss out on this exclusive collaboration between Insurance Innovation Reporter and InsurTech NY – your gateway to unlocking the future of InsurTech investment. Click here to access the full panel discussion and embark on a transformative exploration of InsurTech investment with us.

Guardian Life and Swiss Re Go Shopping (for the Future)

Written by Tony Lew on March 17, 2021. Posted in Thought Leadership.

“Embark on an enlightening journey into the realm of InsurTech investment with an exclusive article from ThinkAdvisor, in collaboration with InsurTech NY. Gain unparalleled insights into the needs and expectations of investors in this dynamic sector, tailored specifically to the context of InsurTech NY’s innovative ecosystem.

In this comprehensive piece, explore the intricate landscape of InsurTech investment, curated with a focus on the unique challenges and opportunities encountered by startups within the InsurTech NY community. Learn from industry experts and seasoned investors about the critical factors driving investment decisions and discover strategies to effectively position your venture for success.

The panel included two insurtech funding executives who work inside life insurance companies: Steven Ueng, a vice president for principal investments and acquisitions at Swiss Re, and Adam Myers, a senior vice president for strategic ventures at Guardian Life.

InsurTech NY’s commitment to fostering innovation and collaboration shines through as you uncover the latest trends and emerging opportunities in the InsurTech space. Whether you’re an investor seeking promising ventures or an entrepreneur aiming to navigate the intricacies of securing funding, this article offers indispensable insights to guide your journey.

For a deeper dive into InsurTech investment trends and strategies, explore the full article here.

Additionally, visit InsurTech NY’s website to learn more about their initiatives and how they’re shaping the future of insurance technology.

Don’t miss out on this exclusive collaboration between ThinkAdvisor and InsurTech NY – your gateway to unlocking the secrets of successful InsurTech investment.”

Global InsurTech Early-Stage Competition Winner

Press Release: InsurTech NY Announces Global Early-Stage Competition Winners

Written by aaron@www.insurtechny.com on March 12, 2021. Posted in Press Release.

NEW YORK, March 12, 2021 — InsurTech NY, announced the winners of its 2021 Early-Stage Global InsurTech Startup Competition at the InsurTech Spring Conference. Winners were selected by judging panels grouped by their background – angel investors, venture capitalists, carrier and brokers, and the Bermuda BDA. The winners received prizes worth $200K in total.

Carrier/Broker Prize: Tide Foundation
VC Investor Prize: Loadsure
Angel Investor Prize: Delos Insurance
Bermuda BDA Prize: RemitRix

Over 120 eligible startups applied to the Global InsurTech Startup Competition. Startups were eligible if they had less than $250,000 in annual revenue. The judges selected winners who showed the most commercial potential. The selection process employed 26 judges including Avanta Ventures, Greenlight Re, Nationwide Ventures, Transverse Insurance, Gallagher, MGV, SixThirty, Park City Angels, and Anthemis.

“We are proud to highlight the 2021 global winners,” said David Gritz, Managing Director of InsurTech NY. “Helping high-potential early-stage startups ‘get discovered’ is necessary to foster a dynamic and sustainable InsurTech ecosystem.”

“Programs like this provide a crucial platform for emerging technologies,” said Michael Loewy, co-founder of Tide Foundation. “We plan to use this exposure to strengthen our position in the insurance vertical and expand our technology to reduce global cyber liability.”

“We are excited and honored to be selected as the angel investor prize winner,” said Kevin Stein, CEO of Delos Insurance. “New MGAs in markets like ours benefit from broad exposure because we can help provide new products for reinsurers, insurers, and brokers, and change the lives of policyholders that were non-renewed because of misclassification in wildfire zones.”

The four Global InsurTech Startup Competition winners were selected from the top 13 finalists that presented at the InsurTech Spring Conference on March 10, 2021. The other nine original finalists included: Claimspace, Coastal Risk, Coverhero, Digisure, Dockflow, Finaeo, HealthyHealth, Safekeep, Startsure.

InsurTech NY News: Global Competition Results

Written by insurtechny on March 1, 2021. Posted in Newsletter.

This article was published in March 2021. For up to date information on this year’s startup competition, follow this link.

Analogies abound about animal spirits being the underlying driving force for market competition. Whether your sales team talks about “crushing the competition” or your investment team debates how long the “bull market” will last, we are driven to compete.

However, not all competition has to be zero-sum. Competition in sport has winners and losers, but all participants improve their health and wellness as a result of training.

That’s why we built our annual InsurTech startup competition. Although we have winners who were carefully selected by judges, our hope is the entire ecosystem of participants will have sharpened their business model and company prospects as a result of applying.

Notwithstanding, every competition does have winners. Over 120 applications were carefully deliberated on by more than 24 judges. Now, we are excited to announce the finalists in our global competition and Bermuda BDA selected sub-group.

Global Insurtech Startup Competition Finalists

Global Competition Finalists: Delos, Finaeo, Tide Foundation, Dockflow, Coverhero, Digisure, Claimspace, Loadsure, HealthyHealth, Startsure

Bermuda BDA Finalists: Coastal Risk, RemitRix, Safekeep

Spotlight: Spring InsurTech Conference (Mar 10-11)

Today is the final day to purchase tickets at the general admission price. So act quickly.

Read about all the sessions here: https://insurtechmarch2021.eventbrite.com/?aff=News33

Here are 4 highlights:

1. Thought leadership on hot topics: catering to the millennial consumer, the digital user experience, insurance role in climate change, digital transformation in the cloud, and talent diversity and inclusion.

2. Presentations by InsurTech startup competition finalists: hear presentations from our finalists

3. Entertaining sessions: (i) Interactive Play on He Said, She Said: startup and carrier perspectives of working together and (ii) Watch and play along with a game show

4. Great networking tools: (i) Remo: wander the expo halls, check out new products, and network just like in-person and (ii) Grip: get connected via AI matching and have scheduled meetings

Upcoming InsurTech Events and Programs

InsurTech Spring 2021 Conference: Catering to the Customer of 2025

Mar 10 – 11 | 2 Full Days | Educational Content, Virtual Expo, and Networking | Virtual
– 75+ speakers, 20+ startup pitches, and a global startup competition
– Featuring: Clover Health CEO, CT Deputy Commissioner, SVP Underwriting SwissRe

InsurTech NY Sponsors

Thank you to our sponsors for supporting the community

InsurTech New York Area Deals and Opportunities

Discover a curated mix of February and Early March insurance financings, exits, partnerships, opportunities, and partner events in the New York area.

Koffie Labs ($4.5M Anthemis) Commercial P&C Lines: Purpose-built for the next generation of trucking and transportation.

Earnix ($75M Insight Partners) Multiline: Analytical enterprise rating, pricing, and product platform.

Pawlicy Advisor ($6.5M Rho Capital Partners): Pet Lines: Pet insurance marketplace.

Marble ($2.5M IA Capital): Personal P&C Lines: digital wallet and loyalty platform for insurance.

The Future of Insurance USA 2021 (Reuters Events): Registration is now available for the June 22 program, here.

Venture Summit Virtual Connect West (Young Startup): Registration is available here.

We are Hiring. Learn more about our growing community.

InsurTech NY is hiring an associate to join our dynamic team. Be at the center of insurance innovation at the nexus of high growth startups, leading edge insurers, and venture investors. If you are interested or know someone who would be a good fit please email Ira Ziff at iraziff@theinsurancerecruiter.net. Find the full job description on Linkedin.

Best,
David and Tony
InsurTech NY Team