Analogies abound about animal spirits being the underlying driving force for market competition. Whether your sales team talks about “crushing the competition” or your investment team debates how long the “bull market” will last, we are driven to compete.

However, not all competition has to be zero-sum. Competition in sport has winners and losers, but all participants improve their health and wellness as a result of training.

That’s why we built our annual InsurTech competition. Although we have winners who were carefully selected by judges, our hope is the entire ecosystem of participants will have sharpened their business model and company prospects as a result of applying.

Notwithstanding, every competition does have winners. Over 120 applications were carefully deliberated on by more than 24 judges. Now, we are excited to announce the finalists in our global competition and Bermuda BDA selected sub-group.

Global Competition Finalists: Delos, Finaeo, Tide Foundation, Dockflow, Coverhero, Digisure, Claimspace, Loadsure, HealthyHealth, Startsure

Bermuda BDA Finalists: Coastal Risk, RemitRix, Safekeep

Spotlight: Spring InsurTech Conference (Mar 10-11)

Today is the final day to purchase tickets at the general admission price. So act quickly.

Read about all the sessions here: https://insurtechmarch2021.eventbrite.com/?aff=News33

Here are 4 highlights:

1. Thought leadership on hot topics: catering to the millennial consumer, the digital user experience, insurance role in climate change, digital transformation in the cloud, and talent diversity and inclusion.

2. Presentations by InsurTech competition finalists: hear presentations from our finalists

3. Entertaining sessions: (i) Interactive Play on He Said, She Said: startup and carrier perspectives of working together and (ii) Watch and play along with a game show

4. Great networking tools: (i) Remo: wander the expo halls, check out new products, and network just like in-person and (ii) Grip: get connected via AI matching and have scheduled meetings

Upcoming InsurTech Events and Programs

InsurTech Spring 2021 Conference: Catering to the Customer of 2025

Mar 10 – 11 | 2 Full Days | Educational Content, Virtual Expo, and Networking | Virtual
– 75+ speakers, 20+ startup pitches, and a global startup competition
– Featuring: Clover Health CEO, CT Deputy Commissioner, SVP Underwriting SwissRe

InsurTech NY Sponsors

Thank you to our sponsors for supporting the community

InsurTech New York Area Deals and Opportunities

Discover a curated mix of February and Early March insurance financings, exits, partnerships, opportunities, and partner events in the New York area.

Koffie Labs ($4.5M Anthemis) Commercial P&C Lines: Purpose-built for the next generation of trucking and transportation.

Earnix ($75M Insight Partners) Multiline: Analytical enterprise rating, pricing, and product platform.

Pawlicy Advisor ($6.5M Rho Capital Partners): Pet Lines: Pet insurance marketplace.

Marble ($2.5M IA Capital): Personal P&C Lines: digital wallet and loyalty platform for insurance.

The Future of Insurance USA 2021 (Reuters Events): Registration is now available for the June 22 program, here.

Venture Summit Virtual Connect West (Young Startup): Registration is available here.

We are Hiring. Learn more about our growing community.

InsurTech NY is hiring an associate to join our dynamic team. Be at the center of insurance innovation at the nexus of high growth startups, leading edge insurers, and venture investors. If you are interested or know someone who would be a good fit please email Ira Ziff at iraziff@theinsurancerecruiter.net. Find the full job description on Linkedin.

Best,
David and Tony
InsurTech NY Team

February marks the first month since the start of the pandemic where the 7-day rolling average number of vaccine doses administered per day exceeded 1 million people.

The positive growth trend of doses administered means a return to maskless days is on the horizon. However, most carriers are not ready to plan beyond Q3. The on-going health impacts, changes to the workplace, and the global financial impact all create a wave of uncertainty.
Therefore, simple long-term planning this year can garner a real competitive advantage.

As a community that hosts events to bring people together, we need to understand when we can layer in in-person programs. What matters most to a transition to a post-Covid world is when it happens and how where we will reach herd immunity.

There is a good deal of optimism that we will reach herd immunity by the summer. We did some simple math for you to find out what that takes. Biden’s 100-day target is 1.5M doses per day. In order for us to reach herd immunity (70% of the population vaccinated) by summertime, it will take 3M doses/day, twice Biden’s 100-day target.

Given the math above, how optimistic are you about our immunization targets?

• Most Optimistic: We hit herd immunity by July, reaching 3M vaccine doses/day
• Better Than Today: We hit herd immunity by October, reaching 2M vaccine doses/day
• Biden’s Target: We hit herd immunity by December, reaching 1.5M vaccine doses/day

Each level puts at a vastly different month for herd immunity. Join the conversation on Linkedin and share your vote and reasoning:

LinkedIn Discussion: https://www.linkedin.com/feed/update/urn:li:activity:6764740644322783232

Upcoming InsurTech Events and Programs

InsurTech Spring 2021 Conference: Catering to the Customer of 2025 (10% Off: NewsFeb-10)
Mar 10 – 11 | 2 Full Days | Educational Content, Virtual Expo, and Networking | Virtual
– 75+ speakers, 20+ startup pitches, and a global startup competition
– Featuring: Clover Health CEO, CT Deputy Commissioner, SVP Underwriting SwissRe

InsurTech NY Sponsors

Thank you to our sponsors for supporting the event: e2Value, EY, ClarionDoor, Locke Lord, Britecore, Guidewire, EIS, Vymo, Breathe Life, Microsoft, Launch Hartford, Appian, Duck Creek, Innoveo, Instanda, ushur, Ivans, Insurmi, Slice Labs, eBaotech, Avanta Ventures, Eversheds-Sutherland, Friendly, FastTrack, Bermuda BMA, Thompson & Prince, Insurance Recruiter

InsurTech New York Area Deals and Opportunities

Discover a curated mix of January and Early Feb insurance financings, exits, partnerships, opportunities, and partner events in the New York area.

TrustLayer ($6.6M Propel Venture Partners) Commercial P&C Lines: Collaborative risk management application that helps reduce friction between businesses.

DealerPolicy ($30M 3L Capital) Auto Lines: Complete digital insurance marketplace for automotive retailers.

Rhino ($95M Tiger Global Management): Personal P&C Lines: Renter security deposit insurance.

Nayya ($11M Felicis Ventures): Benefits Lines: Insurance benefits experience and management platform

Bold Penguin (Acquired by American Family): Commercial P&C Lines: Commercial insuance exchange.

Lloyds Lab (UK InsurTech Accelerator): Accepting applications until Feb 22. Apply here.

The Future of Insurance USA 2021 (Reuters Events): Waitlist is now available for the June 22 program, here.

Venture Summit Virtual Connect West (Young Startup): Registration is available here.

Interested in Volunteering?

InsurTech NY is actively looking for individuals looking to connect deeper into the InsurTech community. We are looking for a writer interested in helping us research trends related to our upcoming December event. If you are interested, email us at contact@insurtechny.com.

As the New Year dawns upon us, we can reflect and see that 2020 was a year of scarcity for Insurance companies, but was a year of abundance for InsurTech.

Insurance companies struggled with low-interest rates, business interruption lawsuits, economic uncertainty, and a hard market. Meanwhile, InsurTech startups discovered how to go public via SPACs (Clover Health and Metromile) and the traditional route (Root and Lemonade), were awarded unicorn valuations (DataRobot, Hippo, and Unqork), and continued to gain market traction even during economic uncertainty.

The big lesson from 2020 is that those who invested to position themselves for the future came out ahead. Life insurers positioned with automated underwriting keep selling policies. Property insurers with virtual claims processes kept their adjusters safe and adjustment expenses down. Risk managers with high safety ratings positioned themselves for a hard market.

At InsurTech NY, we decided to heed the lesson of 2020, by investing in the future. This week, we launched our Annual InsurTech Competition choosing to focus on the future, early-stage InsurTechs with under $250,000 in revenue.

If you know an InsurTech founder who is just getting started or wants to get discovered, please help us spread the word.

Full details here: https://www.insurtechny.com/competition/

Upcoming InsurTech Events and Programs

InsurTech Spring 2021 Conference: Catering to the Customer of 2025 (Pre-registration)
Mar 10 – 11 | 2 Full Days | Educational Content, Virtual Expo, and Networking | Virtual
– 75+ speakers, 20+ startup pitches, and a global startup competition
– Two most active InsurTech communities in North America join forces

InsurTech Early Stage Competition (Apply until Jan 29)
Simple Application | Finalists present at Spring Conference
– Judges include angel investors, early-stage VCs, and carriers looking for pilots
– Contestants can receive over $200,000 in awards

InsurTech NY Sponsors

Thank you to our sponsors for supporting the community: E2Value, EY, ClarionDoor, Locke Lord, Britecore, Guidewire, Eversheds Sutherland, EIS, Vymo

InsurTech New York Area Deals and Opportunities

Discover a curated mix of December and early January insurance financings, exits, partnerships, and opportunities in the New York area.

BigID ($70M Salesforce Ventures) Cyber Lines: Machine learning platform that helps enterprises better protect their customer and employee data at petabyte scale.

Vesttoo (Undisclosed Amount, Axon Fund) Multi-line: Risk modeling and alternative risk transfer for the Life and P&C insurance markets.

Interested in Volunteering?

InsurTech NY is actively looking for individuals looking to connect deeper into the InsurTech community. If you are interested, email us at contact@insurtechny.com.

Best,
David and Tony
InsurTech NY Team

Once life adapts to the new normal, December 2020 will be remembered as a special month. The month of the vaccine. Prior to December, Mumps was the fastest vaccine to make it to the market that was developed by a vaccine savant, Maurice Hilleman. (Full NPR Story) This process was functionally manual, using a live virus and evolving the virus via chicken embryos.

Fortunately for us, vaccine science has evolved since 1967, and a once theoretical technique of using mRNA to develop a vaccine may now become the new standard.

That brings us back to insurance. Imagine how the world could change if 4-year processes could be done in 11 months. If the entire industry came together for change. In a way, that is happening. The InsurTech community is driving change, but many of us are still caught up in low-interest rates and the next six months.

To help you get beyond 2021, InsurTech NY has decided to use March as an opportunity to look out four years to 2025. And, we have partnered with InsurTech Hartford, in the spirit of bringing the industry together. Join us on March 10-11 for a discussion on 2025, for our InsurTech Spring Conference, themed Catering to the Customer of 2025.

Upcoming InsurTech Events and Programs

InsurTech Spring 2021 Conference: Catering to the Customer of 2025 (Pre-registration)
Mar 10 – 11 | 2 Full-Days | Educational Content, Virtual Expo, and Networking | Virtual
– 75+ speakers, 20+ startup pitches, 2 global competition
– Two most active InsurTech communities in North

InsurTech NY Sponsors

Thank you to our sponsors for supporting the community: E2Value, EY, ClarionDoor, Locke Lord, Britecore, Guidewire, Eversheds Sutherland, EIS

InsurTech New York Area Deals and Opportunities

Discover a curated mix of November and early December insurance financings, exits, partnerships, and opportunities in the New York area.

Smartvid.io ($5M, IA Capital) Commercial Lines: AI-powered construction safety platform to help companies identify their highest risk projects and to act to prevent incidents from occurring.

Battleface ($12M, Greenlight Re) Personal Lines: Speciality travel insurance for travelers visiting or working internationally.

Centivo ($34M, B Capital Group) Health Lines: Administrator of self-funded health plans for employers.

Novidea ($15M, JAL Ventures) Multi-Line: cloud-based agency management system (AMS)

OneShield (Undisclosed, Bain Capital) P&C Lines: A portfolio of core system platforms for policy management, billing, claims, rating, and business intelligence.

CAIS Group ($50M, Eldridge) Wealth Management: financial technology platform for financial advisors who seek improved access to and education about alternative investment strategies.

DataRobot ($320M, Altimeter Capital) Multi-Line: Enterprise AI platform democratizing data science with end-to-end automation for building, deploying, and managing machine learning models.

FinPay Holding ($5M, Montreux Growth) Health Lines: Automating patient engagement to deliver cost transparency, education, and affordable payment options for patients.

Openly ($40M, AVP) Personal Lines: A technology-enabled, high-end home MGA.

Jornaya (Acquisition amount undisclosed, Verisk): Proprietary behavioral data to help marketing teams improve consumer engagement through an understanding of buying journeys.

Interested in Volunteering?

InsurTech NY is actively looking for individuals looking to connect deeper into the InsurTech community. If you are interested, email us at contact@insurtechny.com.

Best,
David and Tony
InsurTech NY Team

Following the August announcement of the FINEOS acquisition of Limelight Health and PE acquisition of Majesco, Q4 has already become red hot with InsurTech deals. A short timeline of deal announcements highlights the trend:

• Oct 6: Bold Penguin acquires RiskGenius
• Oct 6: Clover Health merges with Social Capital Hedosophia Holdings to go public
• Oct 7: Claim Central Consolidated acquires Livegenic
• Oct 28: Root raises $724 million in its initial public offering
• Nov 6: Insurity acquires CodeObjects
• Nov 9: Brown and Brown acquires CoverHound and CoverPolicy
• Nov 17: Advisen acquires Zywave

Analyzing the recent acquisitions, it is clear the strength of the market is multi-dimensional. From a traditional M&A perspective, Brown and Brown’s acquisition doubles down on the trend started by Prudential and Aon that carriers and brokers are looking to acquire new paths for distribution. Likewise, traditional insurance vendors like Insurity demonstrate that the market for product extensions for service providers is a viable exit route for startups.

Meanwhile, it is the public market and InsurTech consolidation trend that is new and most exciting. There now exists a crop of InsurTechs with cash flow and balance sheets that make it possible to consolidate with other InsurTechs. Bold Penguin is less than five years in the market. Likewise, Root is only in its fifth year and now a public company. In fact, according to Tushar Virmani from JP Morgan, in his presentation in our accelerator, at least 15% of the tech IPOs this year are InsurTechs.

Investors can now have the confidence to place bets on InsurTechs knowing that a liquidity event can take at least five paths: insurer acquisition, tech provider acquisition, InsurTech acquisition, SPAC to the public market, or IPO.

In 2021, InsurTech NY plans to continue to highlight InsurTech deals and bring the founders who made it to exit to our panels and discussions.

Upcoming InsurTech Events and Programs

Emerging Technologies in Insurance: AI, RPA, IoT (Register at early-bird discount)

Dec 10 | 1PM – 3PM Educational Content and 3PM – 5PM Networking | Fully Virtual

– 2 Panels, 2 Ted Talks, 2 Hours of Networking

– Featuring: Allstate RPA leader and E2Value CEO

InsurTech NY Sponsors

Thank you to our sponsors for supporting the community: EIS, E2Value, Eversheds Sutherland, and EY.

InsurTech New York Area Deals and Opportunities

Discover a curated mix of early November insurance financings, exits, partnerships, and opportunities in the New York area.

• Lightico ($14M, Oxx VC) Multi-Line: Platform to help digitally collect forms, signatures, documents, and payments.
• Assurely ($3M, ATX Ventures) Commercial Lines: Embedded Insurance-as-a-Service platform for alternative distribution channels of commercial insurance.
• Fabric ($18M, CNO Financial) Life Lines: Direct to consumer life insurance platform bundled with a platform to create a will and organize financial documents.

BTV Accelerator (Applications open until Nov 30): Accelerator that brings broker-centric InsurTech startups together to provide seed-funding, a hyper-accelerated curriculum, and direct access to our Agency & Non-Agency Mentor circuit.

Interested in Volunteering?

InsurTech NY is actively looking for individuals looking to connect deeper into the InsurTech community. We are looking for a writer interested in helping us research trends related to our upcoming December event. If you are interested, email us at contact@insurtechny.com.

With our accelerator program more than halfway done, understanding the startups in the cohort would not be possible without knowing the story of how the cohort came to be…

New York has always been a FinTech dominated city. It was a natural home for FinTech with the vast majority of banks headquartered in the City. However, there has always been healthy competition with San Francisco for the best talent, funding, and startup HQs.

Flashback to 2015, InsurTech was in its infancy; Lemonade (NYC), Policy Genius (NYC), Zenefits (SF), and Hippo (SF) just started. Meanwhile, the support ecosystem – VCs, corporate innovation teams, event organizers, and accelerators were nascent. At first, the Bay Area earned the title as the InsurTech hub when SVIA held its first dedicated InsurTech conference, Zenefits raised $500 million to become a Unicorn, and ITC chose its home in Las Vegas.

The intervening years were marked by a back-and-forth swapping between SF and NYC for the title of top InsurTech city. In 2019, Carrier Management named NYC the InsurTech capital and we started InsurTech NY.

Our vision was to create a sandbox in the NYC metro area where InsurTechs could play and gain an unfair advantage. We also saw a need for growth-stage startups between late seed-stage and Series B to cross the chasm to profitability and develop additional carrier/broker partnerships.

To support those startups, we partnered with 18 insurance carriers and brokers to launch our accelerator and selected 22 startups:

Life and Annuities Lines: Amenity Analytics, Best Fit, Breathe Life, Everyday Life, Fenris, Gerald App, Insurmi, IXN, Sensely, Sorcero, and Vymo

The IPO of Lemonade (LMND) has created a fury of teenage Robinhood traders snapping up the stock. It is thought-provoking how a simple ticker symbol has the power to make InsurTech a household term.

Looking back to when it all began in 2015, the story of how to develop and raise an InsurTech unicorn has the power to move the industry forward.

Did you know that:

~ On average, it has taken (5) funding rounds to become a unicorn. 

~ The oldest InsurTech unicorn is Policy Bazaar, founded in 2008

~ 2015 was the year of the most unicorns founded (4): Hippo, Lemonade, Next, and Root

~ InsurTech unicorns have raised nearly $1B of equity since the onset of the pandemic. 

Curious about the stories behind the InsurTech unicorns? Join us for our joint event with ITC and DIA on “How to Become an InsurTech Unicorn” and hear from the InsurTech founders.

Registration Today (complimentary)

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Last Chance to Apply: InsurTech NY Accelerator Program

Our application window for the accelerator program closes on Monday, August 17th. 

The program is 100% virtual, no-cost, compressed to 12 days (over six weeks), and open to Growth-stage startups (Seed+ to Series B) worldwide. We have 25+ carriers / brokers and 20+ InsurTech-focused VCs / CVCs participating.

We focus on:

1. Partnerships with carriers & brokers – The majority of the program time
2. Talent acquisition – Meet your next hire for hard to find roles 
3. Fundraising – Connect with Series A / B / C Investors

We are especially interested in:

1. Digital distribution for commercial P&C, surety, & specialty lines (e.g., MGAs, MGUs, Brokers)
2. Capabilities to accelerate or automate underwriting
3. Productivity and distribution capabilities agents and wholesale brokers

Apply here or schedule a call with us to learn more about the program here. 

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Upcoming NY Area Events and Programs

Core Systems Evolution – InsurTech and Legacy Integration (save 30% code embedded)

Aug 27 | 1:00 PM – 2:45 PM Content + 2:45 PM – 5:00 PM Networking | Fully Virtual

– 2 Panels, 2 Ted Talks, 8 InsurTech Influencers, Networking Included

– Featuring: CIO of State Auto, CIO of Tokio Marine and CDO of Nationwide

How to Become an InsurTech Unicorn (complimentary)

Sep 17 | 10:00 AM – 11:30 AM ET | Fully Virtual

– Featuring: Assaf Wand, CEO of HIppo

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InsurTech NY Sponsors

Thank you to our sponsors for supporting the community: ClarionDoor, EIS, Guidewire, EY, and Microsoft

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InsurTech New York Area Deals and Opportunities

Discover a curated mix of late July and early August insurance financings, exits, partnerships, and opportunities in the New York area.

CalypsoAI ($13M Raised, Paladin Capital): Multi-Line: a platform to test the performance, reliability, and security of artificial intelligence software.

The Sure Shot Entrepreneur (Podcast Launch): Hear an episode on Gokul Rajaram’s search for founder-market-fit and resourceful entrepreneurs lead to 100+ angel investments.

Primetime Partners (VC Fund Launch): $31M early-stage venture firm focused on investments that are improving the quality of life for older adults and aging.

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Looking for Feedback on this Newsletter

We want to hear from you. What do you like in this newsletter, what don’t you like, and what would you want to see. Simply hit reply or email us at contact@insurtechny.com and tell us your opinion so we can make it better.

Best,

David, Tony, and Brett

InsurTech NY Team

When the cover of Wired Magazine is a story about insurance, you know the industry is changing. The Wired cover story told the tale of Nathan Wolfe, a West African born virologist who built a startup to solve one problem, insurance for pandemics. Nathan partnered with an American broker and German reinsurer to launch his first policy in 2018. There was only one problem:

“As far as I know, nobody bought the policy,” said Nathan in the interview.

Nathan’s story highlights the age-old startup problem of product-market fit. From the InsurTech NY vantage point, we have the opportunity to observe startups in every stage from idea to Pre-IPO and realized that it takes a village to grow a startup from the first customer to profitability.

That is why we decided to launch the first InsurTech-only growth-stage accelerator in NYC. So far, 12 carriers and brokers have joined our program and applications to growth-stage InsurTechs will open late July for our first cohort in October. Stay tuned.

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Spotlight: Core Systems Evolution: InsurTech and Legacy Integration

The first step for any corporation to be ready to work with InsurTechs is getting its core system modernized and ready for integration. The challenge in starting transformation projects is that they are high-risk because most projects are mission-critical and have no redundancy. Insurers cannot do without their policy administration, billing, or claims systems for even a few hours. Learn the stories behind the transformations at State Auto, Nationwide, and Tokio Marine and network with startups that can help your core.

Register on Evenbrite.

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Upcoming NY Area Events and Programs

Overcoming Bias in Insurance

July 15 | 10:00 AM – 11:30 AM ET | Fully Virtual

– Featuring NY DFS Executive Deputy Superintendent of Insurance

Core Systems Evolution – InsurTech and Legacy Integration

Aug 27 | 1:00 PM – 2:45 PM Content + 2:45 PM – 5:00 PM Networking | Fully Virtual

– 2 Panels, 2 Ted Talks, 8 InsurTech Influencers

– Featuring: CIO of State Auto and CIO of Tokio Marine

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InsurTech NY Sponsors

Thank you to our sponsors for supporting the community: EIS, clariondoor, Guidewire, and BobTrak.

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InsurTech New York Area Deals and Opportunities

A curated mix of May and June insurance financings, exits, partnerships, and opportunities in the New York area.

Wired Magazine Cover: We Can Protect the Economy from Pandemics. Why Didn’t We?

Oscar Health ($225M Raised, Alphabet): Health Lines: Direct-to-consumer health insurer

Spruce ($29M Raised, Scale Venture Partners): Title Lines: Online title and closing platform for mortgage lenders and real estate investors.

Clara Insurance ($5.5M Raised, Two Sigma Ventures): Benefits Lines: Supplemental health benefits platform with integrated claims technology.

Pie Insurance ($127M Raised, Gallatin Point Capital): Workers Comp Lines: Digital MGA providing workers compensation insurance to SMBs

Clyde ($14M Raised, Spark Capital): Personal Lines: Extended warranty platform for eCommerce businesses to increase order value

Hyperscience ($60M Raised, Bessemer Ventures): Multi-Line: Automation solution built to streamline enterprise processes and eliminate data entry.

Planck ($16M Raised, Team8 Capital): Commercial P&C Lines: AI-based data platform for insurance underwriting.

Axio Global (Undisclosed Raise, IA Capital): Cyber Lines: Risk management platform to help organizations understand cybersecurity exposure and make data-driven decisions.

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Want to mentor growth-stage startups?

InsurTech NY is currently seeking experienced insurance leaders and successful InsurTech founders to join the mentorship component of our accelerator. If you are interested, please send a note to contact@insurtechny.com.

Best,

David, Tony, and Brett

InsurTech NY Team

Second-quarter marked a historic shift in society. The price of data exceeded the price of oil. Oil futures contracts went negative on April 20th while the Nasdaq broke even for the year on May 8th.

This shift has manifested as an ever-present stream of talking points on national news. The media, which typically is stylized as narrative, now begins stories with data points like the number of new infections, the number of unemployed, and the ten-year treasury rate. 

In a world where data is the new currency, insurers need to have a plan to harness the data they already have, to augment their data from third parties, and to apply powerful analytics tools for prediction. To help guide you with your plan, InsurTech NY is hosting a virtual event on May 21st covering how insurers can use data and analytics to improve underwriting and claims. See the full details below.

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Upcoming NY Area Events and Programs

Data and Analytics for Better Claims and Underwriting (1/3 Off Tickets)

May 21 | 4:30 PM – 6:00 PM Content + 12PM – 6PM Networking | Fully Virtual

– 2 Panels, 2 Ted Talks, 8 InsurTech Influencers

– Featuring: Chief Actuary at PartnerRe and Digital Economy Practice Leader at Aon

Risk Management in the Age of COVID (1/3 Off Tickets)

May 13 | 1:00 PM – 3:35 PM | Fully Virtual

– 3 Panels, 2 Ted Talks

– Network with more than 120 senior risk managers already registered

InsurTech Hartford Innovation Challenge

Applications close May 15 | Challenges for InsurTech, cyber risk, and self-service

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InsurTech NY Sponsors

Thank you to our sponsors for supporting the community: evolvor, clariondoor, Guidewire, and e2Value.

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InsurTech New York Area Deals and Opportunities

A curated mix of late Apr and May insurance financings, exits, partnerships, and opportunities in the New York area.

White Ops (Undisclosed Raise, Goldman Sachs): Multi-line: Bot mitigation and fraud protection to protect web-based platforms.

Nexar ($52M Raised, Corner Ventures): Multi-line: Computer vision-based software company building a safe-driving network.

Covered by SAGE ($6M Raised, NFX): P&C Lines: Agency platform that provides quoting, analytics, pipeline management, and a CRM system. 

Biohacking Congress (Apply to Present): Applications open for 10 min startup pitches to VCs interested in HealthTech.

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Join the Conversation on Social

Join us in between newsletters on social media.

LinkedIn: linkedin.com/company/insurtechny

Twitter: twitter.com/InsurTechNY

Meetup: meetup.com/insurtechNewYork

Best,

David, Tony, and Brett

InsurTech NY Team

The great transition to working from home has opened up a new world of virtual experiences and virtual etiquette. Demand for tops has outpaced bottoms as dress shirts and sweatpants become a new fashion statement.

However, with all of the changes occurring, the need for human connection remains. Whether you are stuck in a 600 square foot apartment in Manhattan or you were able to escape to your suburban second home with a yard in Connecticut, you still need to keep in contact with your team and look for technology solutions outside your VPN.

At InsurTech NY, we had the opportunity to transition our 500-person Spring Conference to virtual. Making the transition required us to think about every aspect of the experience from the 80+ speakers and judges. This process forced us to go through trial and error quickly. Learn more by reading the Full Virtual Guide

Now that we have made the switch to virtual you will be able to join us every other month for virtual experiences that mirror our late afternoon programs. Our next event will be on Data and Analytics on May 21st.

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Upcoming NY Area Events and Programs

Data and Analytics for Better Claims and Underwriting

May 21 | 4:30 PM – 6:00 PM Content + 12PM – 6PM Networking | 100% Virtual

– 2 Panels, 2 Ted Talks, 8 InsurTech Influencers

– Featuring: Chief Actuary at PartnerRe and Digital Economy Practice Leader at Aon

InsurTech Hartford Innovation Challenge

Apply Now to May 15 | Challenges for InsurTech, cyber risk, and self-service

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Spotlight: Looking to Transition Roles? We are Here to Help.

In turbulent times, it is important to be positioned to transition. InsurTech NY has partnered with Precision Research Group to offer no-cost webinars to help those planning for transition or looking for new roles.

Learn the proprietary secrets of a Fortune 100 recruiter who has helped thousands of candidates deliver compelling messages that accelerate and actualize their career goals. This interactive session will present practical tools and techniques that will help you Network with Confidence by (1)  Identifying your professional value, (2) Communicating your value on a resume, LinkedIn profile and/or in networking and interviewing situations, and (3) Competing and negotiating with confidence. 

Join one of the available sessions at Register via Calendly. Sessions available Apr 30, May 1, and May 5.

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InsurTech NY Sponsors

Thank you to our sponsors for supporting the community: Eversheds Sutherland, clariondoor, Locke Lord, E2Value and EIS Group

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InsurTech New York Area Deals and Opportunities

A curated mix of late Mar and Apr insurance financings, exits, partnerships, and opportunities in the New York area.

InsPro Technologies ($12M Acquisition by Majesco): Life and Annuity Lines. Policy administration and marketing system that supports group and individual business lines.

Hi Marley ($8M Raised, True Ventures) Multi-line. AI-enabled texting platform for the insurance ecosystem.

Bodhala ($10M Raised, Edison Partners) Multi-line: Legal spend management platform built for legal teams to optimize and understand their outside counsel spend

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Find the best qualified InsurTech innovators

Struggling to find the right people to fill your Insurance or InsurTech roles?  We are here to help. If you would like to talk with our team to help you fill open roles, please reach out at contact@insurtechny.com.

Best,

David, Tony, and Brett

InsurTech NY Team