13 Aug 2020
The IPO of Lemonade (LMND) has created a fury of teenage Robinhood traders snapping up the stock. It is thought-provoking how a simple ticker symbol has the power to make InsurTech a household term.
Looking back to when it all began in 2015, the story of how to develop and raise an InsurTech unicorn has the power to move the industry forward.
Did you know that:
~ On average, it has taken (5) funding rounds to become a unicorn.
~ The oldest InsurTech unicorn is Policy Bazaar, founded in 2008
~ 2015 was the year of the most unicorns founded (4): Hippo, Lemonade, Next, and Root
~ InsurTech unicorns have raised nearly $1B of equity since the onset of the pandemic.
Curious about the stories behind the InsurTech unicorns? Join us for our joint event with ITC and DIA on “How to Become an InsurTech Unicorn” and hear from the InsurTech founders.
Registration Today (complimentary)
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Last Chance to Apply: InsurTech NY Accelerator Program
Our application window for the accelerator program closes on Monday, August 17th.
The program is 100% virtual, no-cost, compressed to 12 days (over six weeks), and open to Growth-stage startups (Seed+ to Series B) worldwide. We have 25+ carriers / brokers and 20+ InsurTech-focused VCs / CVCs participating.
We focus on:
- Partnerships with carriers & brokers – The majority of the program time
- Talent acquisition – Meet your next hire for hard to find roles
- Fundraising – Connect with Series A / B / C Investors
We are especially interested in:
- Digital distribution for commercial P&C, surety, & specialty lines (e.g., MGAs, MGUs, Brokers)
- Capabilities to accelerate or automate underwriting
- Productivity and distribution capabilities agents and wholesale brokers
Apply here or schedule a call with us to learn more about the program here.
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Upcoming NY Area Events and Programs
Core Systems Evolution – InsurTech and Legacy Integration (save 30% code embedded)
Aug 27 | 1:00 PM – 2:45 PM Content + 2:45 PM – 5:00 PM Networking | Fully Virtual
– 2 Panels, 2 Ted Talks, 8 InsurTech Influencers, Networking Included
– Featuring: CIO of State Auto, CIO of Tokio Marine and CDO of Nationwide
How to Become an InsurTech Unicorn (complimentary)
Sep 17 | 10:00 AM – 11:30 AM ET | Fully Virtual
– Featuring: Assaf Wand, CEO of HIppo
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InsurTech NY Sponsors
Thank you to our sponsors for supporting the community: ClarionDoor, EIS, Guidewire, EY, and Microsoft
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InsurTech New York Area Deals and Opportunities
Discover a curated mix of late July and early August insurance financings, exits, partnerships, and opportunities in the New York area.
CalypsoAI ($13M Raised, Paladin Capital): Multi-Line: a platform to test the performance, reliability, and security of artificial intelligence software.
The Sure Shot Entrepreneur (Podcast Launch): Hear an episode on Gokul Rajaram’s search for founder-market-fit and resourceful entrepreneurs lead to 100+ angel investments.
Primetime Partners (VC Fund Launch): $31M early-stage venture firm focused on investments that are improving the quality of life for older adults and aging.
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Looking for Feedback on this Newsletter
We want to hear from you. What do you like in this newsletter, what don’t you like, and what would you want to see. Simply hit reply or email us at contact@insurtechny.com and tell us your opinion so we can make it better.
Best,
David, Tony, and Brett
InsurTech NY Team