Global InsurTech Competition: Early-Stage

InsurTech startups rely extensively on a supportive ecosystem to survive and thrive. Unlike consumer-driven industries like fitness or eCommerce, InsurTech startups must meet many hurdles to get to a proven minimum viable product (MVP). We created this competition to bring visibility to talented founders of early-stage startups to gain access to the resources and recognition they need to gain traction.

Contestants will gain access to a prize pool of $200,000 in value, exposure to 10+ early-stage investors and insurance leaders, and have the chance to present in front of 400+ InsurTech influencers.

How to Apply and Win

Application Process

Submit your application between January 5th and January 29th, 2021.

Selection Process

There will be 2 stages of selection from January 30h to March 11th:

1. Finalists (February): Judges will select the top 10 startups from the competition based on submitted applications and any additional requested information.
2. Winners (March 10): Top 10 early-stage startups will present their pitch to an InsurTech investor judging panel. The presentations must be made at InsurTech NY Spring 2021 Conference on March 10th.

Selection Criteria

Startups will be judged on their ability to exhibit the most market potential by product, market opportunity, and the team.

Judges

We are bringing together an expert line up of early-stage investors and carrier and broker leaders.

Matt Jones

Managing Director, Anthemis

Gopi Rangan

General Partner, Sure Ventures

Brent Hammer

Innovation Officer, Grange Insurance

Bill Goddard

Angel Investor, NY Angels

Bob Sargent

Angel Investor, Park City Angels

Erick Pereda

Partner, PLG VC

Amelia Gandara

Nationwide Ventures

Brian O’reilly

Sr. Principal, Greenlight Re

Chisom Uche

Sr. Associate, SixThirty Global

Laviva Mazhar

Investment Associate, Luge Capital

Michael Landsberger

Angel Investor, Pumpkin

Susan Pateras

Director, Bermuda BDA

Jonathan Crystal

Angel Investor

Stephen Siegal

Angel Investor

Muneeb Ahmed

Associate, Impression Ventures

Patrick Klas

Investor at MGV

Mark Hong

Managing Director, Transverse

Heather Gostomski

Director Investments & Corp. Dev., CNO

Steve Rhee

CDO, Arthur J. Gallagher & Co

Ted Ohkuma

Digital Innovation Lead, Tokio Marine

Elliot Vernon

Analyst, Greenlight Re

Steve McGovern

EOS Venture Partners

Maria Beaulieu

AVP, Ecosystems &Partnerships at SCOR

Chris Campana

Associate, Avanta Ventures

Lucas Timberlake

Partner, Fintech Ventures Fund

Alex Fair

Managing Partner, MedStart Ventures

Eligibility Criteria

Startups that meets the following requirements can apply:

1. Revenue Requirement: The startup had less than $250,000 USD in annual revenue in 2020.
2. Classify as an InsurTech: The company uses technology to a) sell insurance policies or b) serve a (re)insurance carrier, an insurance broker, or risk management organization.

Why Apply?

The InsurTech Startup 2021 Competition was created to spotlight InsurTech startups with the potential to change the industry. We have gathered together the top investors, insurance carriers, and service providers to provide prizes and participate in judging. Here’s how you benefit:

• Showcase your startup in front of 10+ early-stage investors and insurance leaders focused on InsurTech.
• Jump Start your business development with exposure to carrier and broker buyers.
• Chance to present to 400+ insurance influencers and have a virtual booth at the InsurTech March Conference
• Win prizes

Prize

We have meticulously put together a set of over $200,000 in prizes, which will be distributed across 3 winners. These prizes are a combination of products and services that growing InsurTechs need. (See Prize Awarded By section for details on the actual Prize).

• • Carrier/Broker Prize: $100,000 in Prize Value
  • Venture Capital Prize: $50,000 in Prize Value
  • Angel Investor Prize: $50,000 in Prize Value

In addition, there will be a winner for the Bermuda Development Agency (BDA) prize with the following award:

• • BDA Prize: 4-Night stay in Bermuda, a concierge service for starts, and sponsor participation in the Bermuda Monetary Authority (BMA) Innovation Hub

Prize Partners

We are continuously updating our prize providers and they are subject to change.

Autotelic Group

Cooley

Prince Communications

Insurance Evolution Partners

EY

Evolvor

MS Marketing Services

Locke Lord

Virtual Force

Success Performance Solutions

Microsoft For Startups

Precision Research Group

ClarionDoor

Bermuda Development Agency

KiwiTech

Freshworks