InsurTech NY News: Reflecting on 2023 + 3 InsurTech CEOs to See

Some people make New Year’s Resolutions, but even with the best intentions don’t make it past March. Others create a vision board to hang in their bathroom that gets marked up with your latest skincare regime. At InsurTech NY, we decided for 2024 the safest thing we can do is to reflect on 2023. No letdowns and no mess.

2023 Investments in Insurtech

Since it will be our second full year of being an investor, we reviewed data on the state of 2023 new investments in InsurTech. We reached out to 20 InsurTech investors and asked them two questions; How many new investments did you make in 2023? How many partners are in your fund? Here is what we found (data updated to mid-Oct):

• Total investments across all 20 funds: 100
• Median number of investments: 3.5
• Median investments per partner: 1.3
• InsurTech NY’s Fund Pacing: 3rd Most Active

11 of the 20 Funds allowed to publish their data individually. You can see the specific data points on our website: InsurTech VC Reflections.

Now if you are like us, you probably want to make 2024 better than 2023. To that effect, we are launching our 5th global early-stage startup competition to raise awareness for the next crop of InsurTechs and create investment opportunities for InsurTechs (Carriers + VCs do the judging).

If you want exposure for your start or have a friend who is pre-seed, please help us get the word out about the competition to make 2024 a better year for investment.

Competition details: www.insurtechny.com/competition

Insurtech Early Stage Competition

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 live in New York.  Applications are open until Feb. 5, 2024.

Spotlight: 3 Leading InsurTech CEOs to Speak at InsurTech Spring Insurance Conference

We are excited to announce that we have secured three of the most successful InsurTech CEOs to speak about journeys and their path to profitability at our InsurTech Spring conference on March 20-21. Come join us to hear:

Alex Timm – CEO of Root
Rick McCathron – CEO of Hippo
Jack Kudale – CEO of Cowbell Cyber

Learn more and register at: https://www.insurtechny.com/

Upcoming InsurTech Community Events and Programs

InsurTech Spring Conference [Fast Mover Special if booking in January] Mar 20-21 | 2 Days | Pier 60
– 1000+ influencers, 100+ speakers, 10 startup presentations, + expo hall

InsurTech Slopes USA Jan 31-Feb 1 | Big Sky, MT
– Founder and Investor program. Past partners attended from: AmFam, Anthemis, Altamont, Cameron VC, QBE

InsurTech NY Sponsors

Thank you to our sponsors of our InsurTech Spring Conference.

If you are interested in sponsoring a future InsurTech event, send us a note at contact@insurtechny.com.

InsurTech East Coast Deals, Partner Events, and Open Roles

Discover a curated mix of InsurTech financings, exits, partnerships, opportunities, and partner events on the East Coast.

InsurTech News and Deals

• Digital Owl ($12M, RGA): Health: Document digitization and case summarization platform for health insurance
• Mile Auto ($4.2M, Ulu Ventures): P&C: Consumer usage-based automobile coverage using computer vision and decision analytics.

Partner Events and Programs

• InsurTech Hartford Symposium (April 17-18)
• NY Dept of Financial Services DFS Exchange (Engagement Platform for Stakeholders)

See more information and register via our website: www.insurtechny.com/upcoming-insurtech-conferences

Jobs In Carrier/Broker Innovation and Venture Teams

Anansi – Strategic Account Manager
Extend – Actuarial Manager

See more information and apply via our blog: https://www.insurtechny.com/jobs

Consider Sponsoring InsurTech Conference this Spring

Has the InsurTech NY community helped you make a lasting connection? Do you want an opportunity to get your brand out there? Show your support for InsurTech NY by sponsoring our Spring Conference on March 20-21.  To learn more or request information reach out to contact@insurtechny.com.