Newsletter

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 […]

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 the safest thing we can do is to reflect on 2023. No […]

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 […]

InsurTech NY News: It’s Wildfire and Accelerator Season In this issue of the InsurTech NY Newsletter: Read about how to support InsurTechs that help predict, prevent, and mitigate wildfires 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 […]

InsurTech NY News: The X-Date is Coming In this issue of the InsurTech NY Newsletter: Understand why June 1 matters for insurance & adjacent industries 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 The X-Date […]

Understanding the Impact of Inflation on Insurers, Healthcare costs and Real Estate Trends Insurers face a perplexing challenge when forecasting the future – navigating the impact of inflation. Fulfilling the promise of rebuilding lives after a crisis hinges on understanding the cost of repairs. While many keep a watchful eye on the Consumer Price Index […]

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 […]

InsurTech NY News: Is a Super Bowl Ad worth it? Subscribe to receive the InsurTech NY Newsletter monthly The Super Bowl is an excellent time for family and friends to bond over sports or maybe just an excuse to consume excessive amounts of snacks and yell at the TV (you choose). Beyond personal experience, it […]

In this issue of the InsurTech NY Newsletter (Insurance Southwest Moment? How to avoid it): Will Insurance Have its Southwest Moment? Read our Spotlight on the CEO and Presidents Panel at InsurTech Spring See upcoming InsurTech Community Events and Programs Follow the latest InsurTech East Coast Deals See open roles in the industry Subscribe to […]

InsurTech NY News: What Skyrocketing Loss Ratios Means for Collaboration in Insurance? In this issue of the InsurTech NY Newsletter (What Skyrocketing Loss Ratios Means for Collaboration in Insurance): How can you combat the macro trend of losses for your business? Read our Spotlight on the CEO and Presidents Panel at InsurTech Spring See upcoming InsurTech […]