How to Maximize your InsurTech Spring Conference 2023

InsurTech Spring Conference 2023 will be the best InsurTech NY conference yet with over 800 registrations, 100+ speakers across fireside chat, 30+ panels and TED-Style talks, 30+ expo booths, and presentations by the 10 finalists of Global Early-stage Insurtech Competition.

As a lot is going on in this 2-day Insurtech 2023 Spring Conference, here are a few ideas to maximize your conference experience.

(Note: If you still have not registered for the conference, you can still do so here)

What’s covered in this document

1. Logistics
2. Learning
3. Networking
4. Social and Sharing

1. Logistics

Date: 3/29 Wed (Day 1) to 3/30 Thu (Day 2)

Start Time: On 3/29, registration starts at 9 AM, with content starting at 12 PM for the pre-event seminar and opening of the conference at 1 PM.  Expo will open at 1:15 PM

Registration on the Day of [Important]: Please find the email with the ticket QR code from insurtechny@buytickets.at. When you arrive, head to the Registration Desk of InsurTech Conference 2023 and show your QR code. (Note: If you did not purchase your ticket, the original ticketholder must forward you the. Email help@insurtechny.com for help)

Doors open at 9 AM and the conference starts at 1 PM. To avoid long lines and missing your first event, we recommend arriving early.

Hotel: Gansevoort Meatpacking NYC, Hotel Chelsea, or Chelsea Savoy Hotel mainly based on proximity to the Conference Location. More on hotels here.

Conference Location:  Pier 60 Chelsea Piers New York, NY

• Transportation: Closest subway stops are A, C, and E trains on 23rd and 8th ave or 1,2 Trains on 18th and 7th ave. There is also paid parking right next to the pier (see map). Otherwise, you can walk or take Uber/Taxi to the Conference.
• Directions to Conference: See below map for details

Map to Conference Location

2. Learning

“Competing on Collaboration” is our Insurtech Conference 2023 theme, exploring how insurance stakeholders can collaborate for a win-win partnership. A few important notes about the content:

Content: Look at the Agenda to see which sessions you want to attend. 

• P&C:  Property & Casualty-specific topics across distribution, underwriting, AI, and data, general collaboration topics, customer experience, and claims. All P&C topics will be in Hall 1
• L&H: Life & Health-specific topics across distribution, underwriting, AI, and data, general collaboration topics, customer experience, and claims. All L&H topics will be in Hall 2
• All: General topics that cover both P&C and L&H, which will be in both Halls 1 and 2. In particular, take note of keynotes: “Engaging with AI-Powered InsurTechs”, “President’s Panel”, “Competing on Collaboration” and “InsurTech and Regulator Collaboration Done Right”.

Competition: Startup Finalists of the 4th annual Global Early-stage InsurTech competition will present in Hall 1 on Day 2 (10:30 AM)

Pre-Event Seminars: Pre-event seminars will be provided 1 hour before the opening of the conference on Day 1 (12 PM), which include “Insurance Claims Benchmark Study” in Hall 1 and “Finding and Retaining Superstar Talent” in Hall 2.

Agenda

3. Networking

An important part of our conference is meeting existing and future partners. Below are some ways to find and meet attendees:

Brella Networking App: Use the networking app to schedule meetings or meet separately before or after the events on 3/29 and 3/30.  All registered attendees should have received an email from Brella (noreply@brella.io) with your activation link for conference networking.  If you have not, please email help@insurtechny.com

Some important items about Brella:

• Activate the Brella account. If you do not, you will not show up on the app, and people will not be able to reach out to you. 
• Download the app on your phone: Apple Store link here and Android Play Store link here.
• Networking Table Assignment: When scheduling a meeting, you are automatically assigned to an open Networking table in the Networking Table section of the Expo (see map). There are 28 tables, but if we run out of tables, you can use the chat feature to meet somewhere else at the conference.

Visit Expo and Stamps Game: There are 33 booths/tables in the Expo hall area (see map). And for those interested in winning amazing prizes such as a 5-day dream vacation package ($2500 value),  Bose Headphone NC700, or Apple Watch, visit and get stamps from any 25 of the 33 booths/tables, for a chance to win the prize.  While visiting the booths at Spring InsurTech Conference 2023 you can talk to them to see if there are ways you can partner with them!

Cocktail Hour: On Day 1 at 5:30 PM, we are hosting a cocktail hour for all attendees. You can expect amazing drinks, hors d’oeuvres, and surprise entertainment.

Serendipitous Networking: The best relationships often come from meeting random people and forming unexpected connections. Be open-minded and embrace spontaneous mingling.

Follow-up: None of the new relationships you created at the conference will last if you did not follow up after the conference. Follow up for a call to discuss details about potential ways you can work together. 

Conference Map

Stamps Game

4. Social and Sharing

Boast that you attended the InsurTech Spring Conference 2023, the first US InsurTech conference of the conference season.  

Hashtags: Take pictures and post them on LinkedIn and social media of your choice!  #insurtechNY #insurtechspring #insurtechconference2023 @InsurTech NY

InsurTech NY News: Insurance lessons from SVB Failure + Competition Finalists

In this issue of the InsurTech NY Newsletter (Insurance lessons from SVB Failure + Competition Finalists):

• Read our takeaway for insurers about the crash of Silicon Valley Bank (SVB)
• See upcoming InsurTech Community Events and Programs
• Follow the latest InsurTech East Coast Deals
• See open roles in the industry

Subscribe to receive the InsurTech NY Newsletter monthly

Insurance lessons from SVB Failure

Substantial analysis has been done on the timeline and actions that crashed Silicon Valley Bank (SVB).

So we will skip the timeline and share our takeaway for insurers.

First, Banking 101 – Banks safeguard customer money. Most money is held as demand deposits able to be withdrawn at any time. Banks leverage customer deposits to originate loans. The yield spread between loans and interest paid on deposits covers operations.

What happens if you have more deposits than you can safely underwrite loans (like SVB)

Some banks do nothing and accept lower profit. Other banks invest the money. Investments can range from short term treasuries to more esoteric options like venture debt and mortgage backed securities. SVB went too long on duration and was too concentrated in esoteric, correlated risk.

Insurers are similar to banks except they receive premiums that are held in reserve for claim payments. Insurers can shield themselves from the risks by:

-Matching duration of risk to duration of investment (e.g. 10 year life policy to 10 year treasury)

-Avoiding correlated risk in a single correlated “mega-class” like VC-backed startups

-Not underwriting beyond their capacity and building redundancy in the reinsurance stack

-Protecting their image and reputation with careful PR and communications

For more commentary on the topic, listen to our podcast with Michael Waitze of InsurTech Asia.

Spotlight: InsurTech Competition Finalists + Conference Discount Expiring

This year we received more than 125 applications to our Global InsurTech Competition. More than 25 judges representing carriers, brokers, and investors reviewed the applications and selected the top nine. Then you voted for the wildcard to make the top ten. More than 3,000 votes were cast across 26 companies.

Top ten startups are: Redkik, Otonomi, InsurX, Kayna, Mitigate, Stream Claims, FireBreak Risk, Journey Sports, Futura Genetics, and Octamile (wildcard).

The top ten startups will be pitching live at the InsurTech Spring Conference on March 29-30. Today is your last chance to save 10% on tickets.

More info and Register: https://www.insurtechny.com/insurtech-spring-conference/

Upcoming InsurTech Community Events and Programs

InsurTech Spring Conference: Competing on Collaboration
March 29-30 | NYC (Chelsea – Pier 60)
700+ attendees – Parallel tracks for: Life & Health and Property & Casualty
Speakers include: NFP President, Munich Re Head of Innovation, Palomar CLO, & TIAA CIO
More Info and Join Registration

InsurTech NY Sponsors

Thank you to our sponsors of our InsurTech Spring Conference in NY.

If you are interested in sponsoring a future InsurTech event, send us a note at contact@insurtechny.com.

InsurTech East Coast Deals, Partner Events, and Open Roles

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

InsurTech News and Deals

OpenEyes ($18M, Insight Partners): Commercial P&C: Full-stack carrier based on utilizing real-time data capture to mitigate risk and reduce costs for commercial fleets.

Opkit ($1M, Global Founders Capital): Health: Verification platform focused on automated data delivery to virtual and telehealth providers.

Assured Allies ($42.5M, FinTLV Ventures): LTC: Platform for traditional LTC carriers to provide support and preventative measures for clients through machine learning and predictive analysis.

Partner Events and Programs

insureNXT Congress and Expo (April 26 & 27)

InsurTech Hartford Symposium (May 2-3)

InsurTech Leaders Summit (May 24-25)

OnRamp Insurance Accelerator (Applications Due April 10)

OnRamp Insurance Conference (June 21-22)

DFS Exchange – NY Department of Financial Services newly-launched engagement platform to foster the growth of responsible innovation in financial services in New York.

See more information and register via our website: www.insurtechny.com/upcoming-insurtech-conferences

Jobs In Carrier/Broker Innovation and Venture Teams

Enterprise Ireland – Senior Market Advisor
Ethos Life – Director, Actuarial
Starr – Internal Management Consultant
Transverse – Program Manager
Verisk – Actuarial Associate

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