Newsletter

With a new year often comes a New Year’s Resolution. When we are huddled up inside, avoiding the cold weather that besieges most of us, we think, plan, and resolve. Per Statista, more than half of us make New Year’s resolutions. Popular ones are to eat healthier, exercise more, lose weight, save money, or spend […]

In less than a month we have seen the murder of a high profile insurance executive; the foiling of a plot by a copycat Florida woman; and the start of a process to seek justice for the executive’s family. The opening above left out the suspect and company name to help you reflect, “could this […]

One of the most common questions we receive is, what themes matter in 2024? With ITC at our heels, there is much to process about the year behind us. So, we decided to share the themes our Carrier and Broker Members told us were important and announce our InsurTech Match and MGA Lab cohorts. [P&C] […]

While we were getting caught up from Labor Day weekend, the FTC was busy. Last Wed morning they initiated an antitrust probe against Nvidia, which now controls 80% of the AI Chip market. Nvidia’s dominant market position gives them a 78% gross margin (CNBC) and has produced hundreds of stock option millionaires following 30x stock […]

On July 21, 2024, President Biden formally resigned from running for re-election, passing the torch to a Gen Xer. Biden will be the first president to not seek two terms since LBJ in 1968. There is a lot of speculation as to what thoughts passed through his mind to make the decision. But one indisputable […]

There are now 12 accelerators, incubators, studios, and labs dedicated to growing InsurTechs globally. It is now easier than ever to build an InsurTech business. But it can be difficult to understand how one gets selected into these programs. Most of the time to the outside world, this process is shrouded in mystery. And, most […]

Is the Future in MGAs? On May 23rd, Bowhead Specialty had its IPO at $17 a share. On its first day of trading, it ended up 40%. Bowhead is one of the glimmers of hope for the pipeline of InsurTechs and insurance companies that hope to go public. But they are not the only recent […]

What’s more common in America than Heart Disease? Non-Compete Agreements Per the FTC, nearly 1 in 5 workers is bound to a non-compete. Non-competes tend to keep employees tethered to employers as the alternative is finding a job in another sector. Historically, a few states held that this employer power was against public policy. For […]

Global Startup Competition Finalists Announced! With Super Tuesday behind us, we are now turning our focus to the competitive spirit within our industry. More than 30 VC and carrier judges have deliberated and selected the top nine startup competition finalists for our Global InsurTech Competition. With 149 applications, our selection process is on par with […]

InsurTech NY News: Going Bare on Homeowner’s Insurance Carriers dropping out of markets and approval of new rate increases are having unintended consequences on the homeowner’s insurance markets. Homeowners are now deciding to “go bare” and forego homeowner’s insurance completely. According to Axios, almost 40% of homes in the US are mortgage-free, so they don’t […]

InsurTech NY News: Reflecting on 2023 + 3 InsurTech CEOs to See Some people make New Year’s Resolutions, but even with the best intentions don’t make it past March. Others create a vision board to hang in their bathroom that gets marked up with your latest skincare regime. At InsurTech NY, we decided for 2024 […]

On Dec 5th, four debaters took the stage – an AI startup founder, a VC venture partner, a solution provider partner, and a law firm partner. They debated on whether the government should reduce barriers for AI and Analytics platforms to access data. One side made the case that the use of unrestricted data in […]

Last week was the Investor Demo Day for our Growth Stage InsurTech Accelerator. We had 39 startups present including current cohort companies, MGA Lab startups, and a few accelerator alumni. We are happy to announce the 2023 cohort of 41 startups by primary line of business: Life, Health, and Benefits Lines: Aerogami, Annuities Genius, Future […]

InsurTech NY is proud to make two big announcements. First, InsurTech NY has partnered with the Lloyds Launchpad program to allow the Lloyds network to participate in the Digital MGA Lab. Second, the Digital MGA Lab Cohort 2 has now been selected. Meet our cohort of 12 companies with their associated line of business 5×5 […]

You might think the sky is falling in FL and CA as a homeowner. AAA stopped renewing packaged policies in FL AIG is limiting insurance in coastal FL Allstate stopped writing business in CA Farmers stopped writing homes in FL and limited coverage in CA Nationwide is making it harder to obtain coverage in 36 […]