Insurers must make a choice.

They can focus on optimizing the front-end of their business creating a seamless customer experience, building customer-centric products, and helping their channel serve the customer.

Or, they can rebuild the core, strengthen APIs, implement artificial intelligence and machine learning in underwriting, and replace manual processes with robotic process automation (RPA).

There is simply not enough talent, time, or financial resources to do both simultaneously. So, that begs the question: should insurers focus on becoming customer-first or becoming digital-first?

At InsurTech NY, we seek to answer that question with senior leaders from Hiscox, Gallagher, Legal and General, Transverse, Travelers, MunichRe, QBE, and leading InsurTech founders.

Join us in that discussion on March 7, 2022, along with 400+ insurance influencers at the Marriott Marquis in NYC.

Customer First or Digital First – InsurTech Spring Conference
Register Today: https://digitalorcustomerfirst.eventbrite.com

What you Missed in San Francisco: December Recap

On December 7, more than 75 carriers, brokers, InsurTechs, and investors joined together for the reboot of InsurTech SF. We heard from the Hippo CMO, Rhino Co-founder, Boost CEO, Prudential VP of Affinity, Nationwide Senior Counsel, and six other speakers on the State of Embedded Insurance. Here are some of the highlights:

“What embedded insurance to me is expanding access to our products to other people . . . usually you could just buy insurance from an advisor, but that is not going to work for everyone . . . and for us, as an industry, to bring protection to those who need it most, embedded insurance is [the answer].”
– Cade Cherry, AVP Digital Distribution, Pacific Life

“At Anthemis, we have been investing under the embedded finance thesis for a decade . . . we look at financial services as the central nervous system of our society . . . that has to be accessible and healthy for society to thrive.”
– Kate Sampson, Managing Director, Anthemis

“In the early days, we went in with the assumption that no one likes to shop for insurance . . . [so] we wanted to take the burden off the customer. . . “
– Andrea Collins, CMO, Hippo

The full video recording will be posted on our Youtube channel next week. Subscribe to the youtube channel so you don’t miss it when it is posted: InsurTech NY Youtube channel

Upcoming InsurTech Community Events and Programs

Digital First or Customer First – Insurtech NY Spring Conference [Early-Bird until Dec 31]
Mar 7 | 8:00AM – 6:30PM | New York Marriott Marquis (Broadway)
– 400+ insurance influencers, 40+ speakers, 10 startup presentation, + expo hall
– Featuring: Hiscox SVP of Strategy, QBE Chief Actuary, Munich Re Head of Data Hunting, Transverse Insurance CEO, Travelers Head of Growth offerings, and more.

InsurTech Slopes: InsurTech Investor & Founder Forum [Only 20 spots]
Feb 17-18 | 2 Days | 1 Day Content + 1 Day of Snow Sports | Park City, UT
– Highlighted investors participating: Anthemis, Manchester Story, PruVen Capital, Park City Angels
– Attendance limited to 10 founders and 10 investors 

InsurTech NY Sponsors

Thank you to our sponsors: AdvantageGo, Appian, Ascend, Boost, Eversheds Sutherland, EY, Goodwin, ICEYE, InspectConnect, Kiteworks, Locke Lord, Neptune Flood, Safekeep, Thinktum, and Vymo. If you are interested in sponsoring, send us a note at contact@insurtechny.com.

InsurTech East Coast Deals, Opportunities, and Partner Events

Discover a curated mix of December insurance financings, exits, partnerships, opportunities, and partner events on the East Coast.

InsurTech News and Deals

InsurMedix ($65M, A-Labs Advisory) Health: AI foundation platform providing alternative comprehensive coverage and servicing for fertility treatment, CAM, and Outbound Medical Tourism.

The Demex Group ($9M, Anthemis Group) Business Risk: Blockchain-enabled modeling technology to give businesses risk analysis on current climate-change related operation interruption.

Nirvana Health ($7.5M, Inspired Capital) Health: Automation platform allowing independent mental health professionals to accept mainline insurance with streamlined claims and billing.

Partner Events and Programs

Networking Meet and Greet with Insurtech Israel (Nov 15): Register for event hosted by InsurTech Hartford here.

Ecosystems and Platforms (Dec 9): Register for event hosted by InsurTech Hartford here.

InsurTech Hartford Pitch Event (Feb 10): InsurTech Hartford is seeking startups for Pitch Night VIII. Startups interested to present in-person can contact stacey.brown@insurtechhartford.com.

Insurtech Munich H+ Digitial Health Programme (Feb 2022): Insurtech Munich is seeking digital health startups looking to expand in the German market to be part of this collaborative program. Apply at: https://www.f6s.com/hdigitalhealth/apply

Open roles in carrier/broker innovation and venture teams

American Enterprise – Innovative Senior Associate

Avanta Ventures – Senior Associate – Venture Capital

Nationwide – Intern – Innovation and Digital Strategy

See more information and apply via our blog: https://www.insurtechny.com/jobs-dec-2021/

Be a Judge in our InsurTech Competition?

We are looking for active angel investors or individuals interested in startup investing to judge our competition. Each year we receive 100+ applications globally. If interested please message contact@insurtechny.com.

This article was published in December 2021 | For current Insurtech Events, visit our events page here.

A hub is only as powerful as the spokes that support it.

When we first set out to build InsurTech NY, our vision was to fill the gap of an organic community for insurance innovation in the NYC Metro area. As we built the community, we realized the power of our community was based on our ability to connect the global insurance ecosystem and NYC was just a place for that to happen.

Now, we are excited to announce the next community we plan to support is San Francisco. The San Francisco Bay Area is known for InsurTechs including Next Insurance, Hippo, States Title, Trov, Ethos, and more. The San Francisco market is also home to more than 30 venture capitalists funding InsurTechs.

By forging the NYC-SF InsurTech connection, we hope to be able to build a national platform of capital and carriers to support the next generation of InsurTechs.

Join us for our first restart of InsurTech SF on December 2nd, hosted by our founders in SF, Hanna Wu of Amplify and Hannah McQuaid of PruVen Capital. More events to come in 2022.

Future of Embedded Insurance

Learn more at: https://futureofembeddedinsurance.eventbrite.com

Save the Date: InsurTech Summit on March 7, 2022

Looking ahead to 2022, InsurTech NY will be hosting its annual full day Summit on March 7th. The theme will be Customer First or Digital First. 

Hear from over 40 insurance influencers on how to balance the drive to go fully digital with the need to be customer centric. Each topic during the summit will test assumptions from a digital-first or customer-first perspective. The program will also feature presentations from the top 10 finalists of the 2022 Global InsurTech Competition.

Our space is limited and we expect to sell out. Make sure you hold your spot by joining the pre-registration waitlist. 

Pre-register by: Register > Join Waitlist (orange button) > Enter your details

Join today at: https://digitalorcustomerfirst.eventbrite.com

Upcoming InsurTech Community Events and Programs

Future of Embedded Insurance
Dec 2 | 5:30PM – 8:30PM PST | San Francisco (50 California St)
-Featuring: CMO of Hippo, CSO of Ethos, and Co-founder of Rhino

Digital First or Customer First – Insurtech NY Spring Conference [Pre-registration list]
Mar 7 | 8:00AM – 6:30PM | New York Marriott Marquis (Broadway)
– Join our pre-registration list to hold your spot

InsurTech NY Sponsors

Thank you to our sponsors for supporting the community: AdvantageGo, Appian, Boost, Neptune Flood, EY, ICEYE, Inspect Connect, Locke Lord.

InsurTech East Coast Deals, Opportunities, and Partner Events

Discover a curated mix of September insurance financings, exits, partnerships, opportunities, and partner events on the East Coast. 

InsurTech News and Deals

Billy ($3.5M, MetaProp) Commercial: Construction industry insurtech focused on contractors ensuring subcontractors on specific projects are fully covered for liability and workers comp.

GetCovered.io ($7M, RET Ventures) Rental Insurance: Insurtech combining COI tracking and embedded policy issue and renewals for renters and smaller-scale properties.

Slide Insurance ($100M, Gries Investment Funds) P&C: AI and machine learning platform utilizing cached underwriting data to build custom homeowner and rental policies.

Partner Events

Ecosystems and Platforms (Dec 9): Register for an event hosted by InsurTech Hartford here.

Volunteer For An Event?

InsurTech NY is looking for volunteers who will receive complimentary access to our upcoming in-person events and networking opportunities in return for helping us with some logistics like registration check-in and ensuring the event runs smoothly. If you are interested, please send us a message at: contact@insurtechny.com.