Insurers must make a choice.
They can focus on optimizing the front-end of their business creating a seamless customer experience, building customer-centric products, and helping their channel serve the customer.
Or, they can rebuild the core, strengthen APIs, implement artificial intelligence and machine learning in underwriting, and replace manual processes with robotic process automation (RPA).
There is simply not enough talent, time, or financial resources to do both simultaneously. So, that begs the question: should insurers focus on becoming customer-first or becoming digital-first?
At InsurTech NY, we seek to answer that question with senior leaders from Hiscox, Gallagher, Legal and General, Transverse, Travelers, MunichRe, QBE, and leading InsurTech founders.
Join us in that discussion on March 7, 2022, along with 400+ insurance influencers at the Marriott Marquis in NYC.
Customer First or Digital First – InsurTech Spring Conference
Register Today: https://digitalorcustomerfirst.eventbrite.com
What you Missed in San Francisco: December Recap
On December 7, more than 75 carriers, brokers, InsurTechs, and investors joined together for the reboot of InsurTech SF. We heard from the Hippo CMO, Rhino Co-founder, Boost CEO, Prudential VP of Affinity, Nationwide Senior Counsel, and six other speakers on the State of Embedded Insurance. Here are some of the highlights:
“What embedded insurance to me is expanding access to our products to other people . . . usually you could just buy insurance from an advisor, but that is not going to work for everyone . . . and for us, as an industry, to bring protection to those who need it most, embedded insurance is [the answer].”
– Cade Cherry, AVP Digital Distribution, Pacific Life
“At Anthemis, we have been investing under the embedded finance thesis for a decade . . . we look at financial services as the central nervous system of our society . . . that has to be accessible and healthy for society to thrive.”
– Kate Sampson, Managing Director, Anthemis
“In the early days, we went in with the assumption that no one likes to shop for insurance . . . [so] we wanted to take the burden off the customer. . . “
– Andrea Collins, CMO, Hippo
The full video recording will be posted on our Youtube channel next week. Subscribe to the youtube channel so you don’t miss it when it is posted: InsurTech NY Youtube channel
Upcoming InsurTech Community Events and Programs
Digital First or Customer First – Insurtech NY Spring Conference [Early-Bird until Dec 31]
Mar 7 | 8:00AM – 6:30PM | New York Marriott Marquis (Broadway)
– 400+ insurance influencers, 40+ speakers, 10 startup presentation, + expo hall
– Featuring: Hiscox SVP of Strategy, QBE Chief Actuary, Munich Re Head of Data Hunting, Transverse Insurance CEO, Travelers Head of Growth offerings, and more.
InsurTech Slopes: InsurTech Investor & Founder Forum [Only 20 spots]
Feb 17-18 | 2 Days | 1 Day Content + 1 Day of Snow Sports | Park City, UT
– Highlighted investors participating: Anthemis, Manchester Story, PruVen Capital, Park City Angels
– Attendance limited to 10 founders and 10 investors
InsurTech NY Sponsors
Thank you to our sponsors: AdvantageGo, Appian, Ascend, Boost, Eversheds Sutherland, EY, Goodwin, ICEYE, InspectConnect, Kiteworks, Locke Lord, Neptune Flood, Safekeep, Thinktum, and Vymo. If you are interested in sponsoring, send us a note at firstname.lastname@example.org.
InsurTech East Coast Deals, Opportunities, and Partner Events
Discover a curated mix of December insurance financings, exits, partnerships, opportunities, and partner events on the East Coast.
InsurTech News and Deals
InsurMedix ($65M, A-Labs Advisory) Health: AI foundation platform providing alternative comprehensive coverage and servicing for fertility treatment, CAM, and Outbound Medical Tourism.
The Demex Group ($9M, Anthemis Group) Business Risk: Blockchain-enabled modeling technology to give businesses risk analysis on current climate-change related operation interruption.
Nirvana Health ($7.5M, Inspired Capital) Health: Automation platform allowing independent mental health professionals to accept mainline insurance with streamlined claims and billing.
Partner Events and Programs
Networking Meet and Greet with Insurtech Israel (Nov 15): Register for event hosted by InsurTech Hartford here.
Ecosystems and Platforms (Dec 9): Register for event hosted by InsurTech Hartford here.
InsurTech Hartford Pitch Event (Feb 10): InsurTech Hartford is seeking startups for Pitch Night VIII. Startups interested to present in-person can contact email@example.com.
Insurtech Munich H+ Digitial Health Programme (Feb 2022): Insurtech Munich is seeking digital health startups looking to expand in the German market to be part of this collaborative program. Apply at: https://www.f6s.com/hdigitalhealth/apply
Open roles in carrier/broker innovation and venture teams
American Enterprise – Innovative Senior Associate
Avanta Ventures – Senior Associate – Venture Capital
Nationwide – Intern – Innovation and Digital Strategy
See more information and apply via our blog: https://www.insurtechny.com/jobs-dec-2021/
Be a Judge in our InsurTech Competition?
We are looking for active angel investors or individuals interested in startup investing to judge our competition. Each year we receive 100+ applications globally. If interested please message firstname.lastname@example.org.