For years, the promise of AI and intelligent automation solutions in Insurance has been just that – a promise with only select practical, material applications to point to. There were many interesting early applications, though some felt a bit like the “Not a Hot Dog” scene from Silicon Valley. Great concept, but limiting in how valuable it could really be.
That has started to change lately. We are seeing far more applications that have real impact on results, whether in decisioning in underwriting and claims, transforming and digitizing the customer experience, greatly increasing the percent of work that can be straight through processed, and more.
In NYC alone, there has been $431 million invested in InsurTechs with AI focus with solutions across the valuechain Planck (commercial P&C), Nayya (benefits), Accern (no-code NLP), and Hyperscience (intelligent automation). These deals show real money is behind making the initial promises more of reality, and new possibilities are being opened up.
See what is happening firsthand, join us in NYC on June 21st to look at how AI is moving from being a hammer in search of a nail to something that is addressing genuine needs of the industry.
Event Info + Registration: https://aiautomation.eventbrite.com
Use AI to Assess your Personality
AI is not just for robots, it is also for humans to understand behavior and personality clusters. BestFit, our accelerator alumni will be presenting in June and has built a personality analysis platform that you can try yourself. Curious what personality cluster you fit into, find out today.
Take the BestFit Personality Assessment: BestFit Assessment
There is no cost to participate, results are immediately available.
The Open Finance Impact on Financial Services: A Panel Discussion
Join this webinar to hear a panel of open finance experts discuss trends, perspectives, and real-world open finance success stories. Register Here
Upcoming InsurTech Community Events and Programs
AI & Automation
June 21 | 5:30pm – 8:00pm | NYC
– Speakers include: Chief Product Officer, Legal & General, and Chief Data Scientist at Prudential
InsurTech Rapids: Founders and Investors Forum
Jul 21-22 | 2 Days | Santa Fe, NM
– Investor + Startup tracks on: board structure, financial forecasting, and war stories
The Digital Distributor
Aug 25 | 5:30pm – 8:00pm | NYC
– Topics include Sales Productivity and Embedded Options
InsurTech NY Sponsors
Thank you to our sponsors of our June 21 event.
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 April InsurTech financings, exits, partnerships, opportunities, and partner events on the East Coast.
InsurTech News and Deals
The Guarantors ($50M, Portage Ventures): P&C: Rental coverage for personal and commercial lease guarantees and security deposits.
Evolution IQ ($21M, Brewer Lane Ventures): Casualty & Liability: Predictive guidance claims platform using AI and data to lower claims costs and processing time.
EMMA ($6M, Luge Capital): Life: Family & household centric online brokerage for life products and cross-line referrals in the Canadian market.
Partner Events and Programs
Insurtech Denver: Women in Insurance (May 25): https://www.insurtechdenver.org/events
InsurTech Insights Americas (May 25-26): Learn more and use “InsurTechNY30” for reduced admission at: https://insurtechinsights.com/america/
The Future of Ins. (June 14-15): Learn more at: https://events.reutersevents.com/
Onramp Insurance Conference (June 15): Use code (INSURTECHNY22) for 100-off: Register Here
Insurtech Connect (Sept 20-22): Use code (200ITC787) for 200-off: Register Here
Details and registration for these events at: https://www.insurtechny.com/upcoming-insurtech-conferences/
Jobs at carrier/broker innovation and venture teams
Pacific Life – Sr. Digital Marketing Specialist
Nationwide – Innovation Product Manager (P&C)
See more information and apply via our blog: https://www.insurtechny.com/jobs-april-2022/