2021 InsurTech funding grew with a vengeance over 2020 levels, with more funding raised by Q2 than in the full prior year. One reading the data might assume finding capital got easier than ever.
But digging deeper into the numbers, we see that a large proportion of that funding was in later-stage rounds for larger players. These mega-deals of over 100M made up 2/3 of the funding in the first half of the year alone, meaning early-stage funding may not be as buoyant as the topline figure suggests. And without a healthy early-stage pipeline, we will not have those late-stage companies to fund in the future.
That’s why accelerators and early-stage-focused programs are so critical to keeping the energy and momentum going in InsurTech, and why InsurTech NY is hosting our third annual Global InsurTech Competition with a specific focus on early-stage companies.
If you’re an early-stage InsurTech, you can compete for awards totaling 200K in value and share your idea with over 400 leading investors, influencers and advisors in the InsurTech space. If you are not an InsurTech, you can root for your favorite founder teams.
Global InsurTech Competition – Early Stage
Applications close Jan 28: https://www.insurtechny.com/competition/
Digital First InsurTech Carriers are struggling. Root is down from 20 a share to less than 2. Lemonade, once considered a meme stock, is below its public offering. With the carnage in the public markets for InsurTech Carriers, founders and legacy carrier leaders need to do some soul searching.
Is an exclusively digital first agenda the right way to build an insurer of the future?
Hear from the CEO of CSAA, Tom Troy, and QBE CTO, Kean Pandit, how insurers and InsurTechs should balance a customer first and digital first agenda on March 7th in NYC.
See the Entire Agenda: https://digitalorcustomerfirst.eventbrite.com
Digital First or Customer First – Insurtech NY Spring Conference [Early-Bird ends 1/31]
Mar 7 | 8:00AM – 6:30PM | NYC Marriott Marquis (Broadway)
– 400+ influencers, 40+ speakers, 10 startup presentations, + expo hall
– Featuring: CEO of CSAA, Hiscox SVP of Strategy, QBE Chief Actuary, Munich Re Head of Data Hunting, Transverse CEO, Travelers Head of Growth offerings, and more.
InsurTech Slopes: InsurTech Investor & Founder Forum [Apply on Waitlist]
Feb 17-18 | 2 Days | 1 Day Content + 1 Day of Snow Sports | Park City, UT
– Partners attending from: QBE Ventures, SiriusPoint Ventures, FF VC, Anthemis, Cameron VC, Altamont Capital, and more.
– Attendance restricted to 10 founders and 10 investors
Thank you to our sponsors of our June event.
If you are interested in sponsoring, send us a note at firstname.lastname@example.org.
Discover a curated mix of January InsurTech financings, exits, partnerships, opportunities, and partner events on the East Coast.
Sayata ($35M, Pitango Growth) Employee Benefits: Marketplace tool for brokers to search for plans for small and medium businesses and create custom marketing materials.
Bennie ($33M, Silverton Partners) Employee Benefits: AI platform automating broker process, policy maintenance, and supplemental products.
Belong Health ($40M, New Enterprise Associates) Health: Data and AI driven platform focused on streamlining Medicare/Medicaid regional plan coverage product options.
Partner Events and Programs
InsurTech Hartford Symposium (April 26-27): Learn more at: insurtechhartfordsymposium.com/
Reuters AI and Automation (April 26-27): Learn more at: https://events.reutersevents.com/
InsurTech Insights Americas (May 25-26): Learn more at and use “InsurTechNY30” for reduced admission: https://insurtechinsights.com/america/
Arch Capital Group – AVP, Digital Partners
Nationwide – Intern – Innovation and Digital Strategy
See more information and apply via our blog: https://www.insurtechny.com/jobs-jan-2022/
Over the last several years, NYC has established itself as the capital of insurance technology (aka InsurTech) by becoming home to numerous disruptive companies and startups focusing on property & casualty, health & benefits, and annuities. And, if you’re in the industry, this shouldn’t come as news to you.
To begin with, the city is home to many Fortune 500 insurance companies, such as AIG, Metlife, Marsh, Chubb, New York Life, Prudential, and Travelers. With these large financial services companies in such close proximity, startups have more opportunities to establish partnerships with these industry giants.
Aside from its proximity to nearby insurers, New York City’s supply of innovative marketers and creative capital has made it a hub for InsurTech. Madison Avenue, located in the heart of New York City, has long been where companies go to build brands, develop products, and make themselves known.
On a separate note, NYC is also arguably one of the best cities in the world to host events. After all, it’s a diverse city with much to explore– warranting an extended trip to take in all the sights even after attending a Big Apple event.
With all that being said, it’s obvious that New York City has not only the best insurance events and companies in the country but possibly in the world. In particular, these are the five NYC insurtech events that should be marked on your calendar.
During the three days at the iconic New York Marriott Marquis, you’ll experience a noteworthy lineup of speakers and sessions focused on industry trends and numerous networking opportunities to connect with colleagues. In fact, on each day you have a chance to mingle with the FICP during dedicated networking blocks or during breakfast and lunch. Unlike the other NYC InsurTech Events listed in this article, this event is more focused towards the insurance industry in general.
There are also plenty of educational sessions focusing on areas like how to lead more effectively, contract negotiations, emerging technology trends, and the latest financial and insurance trends. The registration fee is $215.
Taking place at The Westin New York at Times Square, this is the premier and must-attend event for employment law. During the two days, experts will discuss and debate the latest and most effective defense strategies in a wide range of topics. Some of the topics covered include the state of the EPLI market, the great resignation, and biometrics and data privacy.
Pricing to attend the conference is $1,795.00 if by December 10 or $1,995.00
By January 25. If you can’t attend in person, you can participate in a real-time broadcast.
If there is a single NYC InsurTech Event that should not be missed, it is the annual InsurTech NY Spring Conference. The annual spring conference of insurance innovators and InsurTech leaders is being held in NYC by InsurTech NY, specifically at the Marriott Marquis on Broadway. Insurance carriers and brokers that have been making strides in innovation will be speaking at this all-day conference from 8 a.m. to 6:30 p.m., along with InsurTech startups that are disrupting the market.
For 2022, this premier insurance conference will concentrate primarily on whether insurers should be digitally-first or customer-first. This will be discussed through panels including “The Small Commercial Distribution Battleground,” “Lessons from Insurtech Unicorns,” and “Emerging and Adjacent Insurance Products.”
Additionally, during this conference, the largest InsurTech competition will also take place. Here, the top startups will pitch to investors and insurance executives from a pool of more than 100 applicants. There are also plenty of beneficial networking opportunities for industry professionals to expand their networks. Tickets are reasonably priced between $450 to $850.
Held at Convene’s One Liberty Plaza location, this conference will focus on innovations in areas like artificial intelligence tools, techniques, and applications. You will also be able to hear from 90 different industry leaders.
This year, the AI in Insurance Summit will offer participants a chance to learn and collaborate over a number of stages through roundtables, Q&As, or one-on-ones. If you can’t attend in person, there is a virtual option.
Depending on when you register or if you’re a startup or student, pricing ranges from $595 to $1,495.
The convention takes place at the Javits Center, one of the busiest convention centers in the United States. During the two-day event, you’ll hear about the latest trends and issues that organizations are facing from numerous industry experts. And, there will also be several networking opportunities as well.
General passes are priced at $995.
While attending the NYC insurtech events above should be more than enough, you might as well use this to explore the city that never sleeps.
If this is your first time in the Big Apple, there’s nothing wrong with visiting common tourist destinations like Times Square, the Empire State Building, or even catching a show on Broadway. But, if you’re looking for something unusual and more memorable, here are some unique suggestions courtesy of Kelly the Girl With a Passport;