After 15 months in captivity, carrier and broker offices are trending towards reopening at full capacity. Although air travel is not in full swing yet, the hallmarks of in-person activities are all starting again. Agents are brokers are meeting with clients. Internal meetings are happening in conference rooms that hold more than a few people. And InsurTech conferences are now happening in person.
June 28th marked the first major in-person conference, the Global Insurance Symposium. More than 200 people gathered including insurance commissioners, carrier leaders, and InsurTech founders in Des Moines. But questions remain: will events still have to run hybrid? How many people is too many for events? When will Europe catch up to U.S. vaccination rates?
Seeking to find the right balance, InsurTech NY announced its 2021 accelerator program to run as a hybrid program (3 days in person in NYC, the remaining virtual) in the fourth quarter. Growth-stage startups will have the opportunity to meet 20+ carriers and brokers at the in-person selection day followed by virtual programming to support their business development, talent recruiting, and fundraising activities.
InsurTechs can read about the program and apply at: InsurTech NY Accelerator.
Or join our next information session at: Information session
Spotlight: Core Systems and Claims Automation
On Aug 26th, we will be hosting our next virtual event. Core Systems upgrades and improvements continue to be a major theme for carriers looking to transition their products to a digital world. Moving from legacy systems to SaaS or hybrid cloud platforms can be a make-or-break project for IT departments.
It does not have to be that risky. Learn how carriers using agile methodologies to minimize the risk of core systems transformations and incremental upgrades to breathe new functionality into legacy systems. Beyond the core, sessions will explore how to automate claims using InsurTech solutions and robotic process automation (RPA).
Register at: https://coreandclaims.eventbrite.com/
Upcoming InsurTech Community Events and Programs
The Perennial Core System and Claims Automation (Early-bird tickets available)
Aug 26 | 1PM – 3PM Edu Content and 3PM – 4PM Networking | Fully Virtual
– Featuring: CIO of EverestRe, CIO of Copper Point, and VP of Claims of Palomar
Building Digital Distribution Channel (Early-bird tickets available)
Oct 21 | 5:30PM – 8:30PM | New York + Virtual
Integrating Data to Save Lives – Wellness, Safety and Climate (Early-bird tickets available)
Nov 16 | 5:30PM – 8:30PM | New York + Virtual
InsurTech NY Sponsors
Thank you to our sponsors for supporting the community: Avanta Ventures, Britecore
InsurTech New York Area Deals, Opportunities, and Partner Events
Discover a curated mix of May and June insurance financings, exits, partnerships, opportunities, and partner events on the East Coast.
Insurance AI and Innovative Tech USA 2021 (Sep 14-15): Register here for next Reuters virtual event here.
InsureTech Connect (Oct 4-6): If you have not registered yet, save $200 with our partner discount. Register here.
InsurTech Hartford Symposium (10/26). Pre-register now for discounts before they go live here.
Branch Insurance ($50M, Anthemis Group): Home & Auto Insurance: Operator of insurance platform offering home, car, renter, and umbrella insurance services.
Corvus Insurance ($15M, FinTLV): Commercial: Developer of an AI-driven commercial insurance data platform designed to improve risk selection and management.
Mile Auto ($10M, Ulu Ventures): Auto UBI: Provider of pay-per-mile insurance services intended to offer car insurance for low-mileage drivers based on actual miles driven.
Boost Insurance ($20M, RRE Ventures): Embedded and API: Developer of a digital insurance platform designed to build, embed, and deliver insurance products.
Waffle Labs ($5M, Verve Ventures): Multi-line: Developer of an insurance application designed to provide customizable insurance plans for all products.
Planck ($20M, 3L Capital): Data Analytics: Operator of an AI-based data platform designed to offer real-time insurance-related data analytics insights to insurance providers.