Event Type: Education & Networking

Until 2016, InsurTech was not on the map. That trend quickly changed as investments in InsurTech and enabling insurance startups raised over $2.7B in 2017 (FinTech Global). While this number pales in comparison to the almost $40B invested in FinTech in 2017 (FinTech Global), it shows there is a large amount of activity.

Global insurers and reinsurers are waking up to a changing world and a changing demographic where the value of their data and the stores of their capital are no longer a differentiator. The rise of millennial insurance buyers and the digital economy is forcing insurers to start transformations, buy new technologies, or bet on their future with some InsurTech investments.

This panel discussion will review the current market for investing in InsurTech. Further, it will discuss whether the change in the attitude towards investing in InsurTech startups just short-term fad or the path forward to evolve the insurance industry fundamentally.

Join our panelists from a diverse set of Venture Capital and Insurance-based Corporate Venture Capital groups to discuss the trends and more importantly, the staying power of InsurTech investing.

InsurTech NY at ITC: Escape the Overwhelm

Attending InsurTech Connect (ITC) event can be overwhelming, especially if it is your first time. Understanding how to maximize the event, using the Brella networking, finding the right sessions to attend, and getting around the MGM Grand can be a challenge. To help you get the most out of ITC, we will meet at the end of the first day of the event, and discuss and learn from each other on how to get the most out of the event.

But all work and no play makes Jack a dull boy. ☠ After some live learning discussion, we will head over to the nearby escape room (1.5 blocks from the MGM Grand) and participate in a Dual Escape Room Challenge to literally escape from ITC – at least temporarily. Find out who is better – startups, carriers/brokers or investors – at finding clues and navigating challenges in the escape room!

We only have 20 limited spots for this event. Please register early.

Working with InsurTech startups has quickly become the mantra of insurance innovation leaders and forward-thinking business units. However, it goes without saying – how do you do it?

To overcome these hurdles, carriers and brokers often have to develop creative workarounds to be “startup-friendly.” The traditional bridge has been for an innovation group to manage a proof of concept or POC to introduce the startup into the organization. This POC process fails more than 75% of the time.

Hear war stories from InsurTechs and insurance carriers with experience working on these projects. The program will feature two panels. One panel will share stories from the startup perspective and one will have stories from the corporate perspective. Panelists from insurers and InsurTechs will discuss how to make it through the process and what happens after a successful POC.

If you ask a typical policyholder, the experience with their Insurance Carrier or Broker is almost universally negative and at best neutral. It could be because they did not like the buying experience or it could because a claim they had was not handled properly.

The root of much the negative customer perception is a mismatch between the brand promise on TV commercials and advertisements and the customer experience. Once a policy is in place, little is done to engage the customer and provide value-added services that can reduce claims, supplement core products, and meet the brand promise.

This panel will explore how to innovate on current distribution models of insurance and engage customers post-sale.