07 Aug 2024
InsurTech NY News: It’s an Age Thing
On July 21, 2024, President Biden formally resigned from running for re-election, passing the torch to a Gen Xer.
Biden will be the first president to not seek two terms since LBJ in 1968. There is a lot of speculation as to what thoughts passed through his mind to make the decision. But one indisputable fact is that he would have been the oldest president to run for re-election.
Age is a funny thing. It is like gravity, there is no fighting it and slowing it does not stop it (based on current science). It is also something we are keenly familiar with in the insurance industry.
The average insurance broker is: 59 (McKinsey)
And many of the industry stalwart CEOs are older:
- Starr Insurance – Hank Greenberg – 99
- Berkshire Hathaway – Warren Buffett – 93
- Chubb – Evan Greenberg – 69
- Allstate – Thomas Wilson – 66
- State Farm – Michael Tipsord – 65
This is compared with the average Fortune 500 CEO age of 57, and Magnificent 7 CEO of 54.
A lot can be learned from experience. Having executives that have lived through hard and soft markets is crucial. However, for an industry necessary to global resilience, having perspectives from all generations in the C-suite matters.
Together we make better and more relevant products if we know the needs and experiences of young customers (those under 60), first hand.
So next time you can consider a younger or inexperienced candidate, challenge your thinking. Can you train and support that person? What is stopping you from making the hire? Similarly, if you have the chance to work with an InsurTech or younger startup. Can you make it happen? Will that partnership attract younger people to your company?
Upcoming InsurTech Community Events and Programs
Leveraging the Latest Broker Tech
Nov 5, 2024 | New York
InsurTech Spring Conference
Apr 2-3, 2025 | New York
1000+ influencers, 100+ speakers, 10 startup presentations, + expo hall
InsurTech NY Sponsors
Thank you to our InsurTech NY Community Sponsors
If you are interested in sponsoring our community or our 2025 Spring conference, send us a note at contact@insurtechny.com.
InsurTech East Coast Deals, Opportunities, and Partner Events
InsurTech News and Deals
- Gradient AI ($36M): MA-based provider of artificial intelligence solutions for the insurance industry
- Slide Insurance ($175M, Regions Bank): Tampa-based Insurtech company specialising in homeowners insurance
- Planck Data ($300M, acquired): Underwriting data platform acquired by Applied
- Marble (Undisclosed, acquired): Policy storage and comparison platform acquired by the Zebra
Partner Events and Programs
- LIC CEO Forum (Aug 27) – Nashville, Tennessee
- Insurtech Connect Vegas (Oct 15 – 17)
- India InsurTech Annual Event 2024 (Nov 20)
See more information about our partner events here:
https://www.insurtechny.com/upcoming-insurtech-conferences/
Jobs at carrier/broker innovation and venture teams
Travelers – Account Executive Director, Ocean Marine Underwriter
Gallagher – Global Programs
Lockton Re – Account Executive
See more information and apply via our blog: https://www.insurtechny.com/jobs
Consider Sponsoring InsurTech 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 April 2-3, 2025. To learn more or request information reach out to contact@insurtechny.com.
Best,
David and Tony
InsurTech NY Team
01 Jul 2024
InsurTech NY News: The Secret to Building a Cohort
There are now 12 accelerators, incubators, studios, and labs dedicated to growing InsurTechs globally. It is now easier than ever to build an InsurTech business.
But it can be difficult to understand how one gets selected into these programs. Most of the time to the outside world, this process is shrouded in mystery. And, most startups simply receive a rejection letter after completing a black box application.
Since we run or influence the process of 17% of the programs and ~25% of the total flow of startups to the programs, we thought it would be helpful to unveil the secrets … just for our readers. Here it goes.
InsurTech Match (Growth Stage Program):
- Target participants: Seed to Series B companies, ARR range 100K to 30M; global scope
- Who picks participants: Carrier & Broker Members
- Max cohort size: No set limit (typically no more than 40)
Criteria for selection: one of the members must choose your company. Members typically choose your company if it addresses one of their annual problem statements. They can also pick you if they believe there is a pilot potential.
Problem statements for 2024: 3rd Party Property Data, Data Engineering Tools, Customer Experience Tools, AI Risk Mitigation, Life Alternative Distribution, Document Ingestion, Submission Platforms in Australia, Estate Planning, Underwriting Workflow Automation, 3rd Party GL and PL Data, Financial Advisory Tools, OCR and Data Pre-fill
MGA Lab
- Target participants: Aspiring MGAs or active MGAs targeting the US market
- Who picks participants: InsurTech NY team
- Max cohort size: 14
Criteria for selection: best mix of team, distribution strategy, and commercial viability of the MGA concept. We also need to believe that one of our reinsurers or capacity providers will be interested in backing you.
Please keep our secret safe. Just kidding. If you or a friend feel you meet the selection criteria, give it a shot and apply. It should take less than 30 minutes.
InsurTech Match: Apply here (Due 7/12)
MGA Lab: Apply here (Due 7/12)
Upcoming InsurTech Community Events and Programs
Leveraging the Latest Broker Tech
Nov 5, 2024 | New York
InsurTech Spring Conference (Pre-Registration Open)
Apr 2-3, 2025 | New York
– 1000+ influencers, 100+ speakers, 10 startup presentations, + expo hall
Our partners over at Locke Lord will be helping to inform the community, by creating a glossary of terms used in the Insurance industry.
MGA – means a Managing General Agent, which has both business and legal context meanings. In the business context, an MGA is an insurance producer…
InsurTech NY Sponsors
Thank you to our InsurTech NY Community Sponsors
If you are interested in sponsoring our community or our 2025 Spring conference, send us a note at contact@insurtechny.com.
InsurTech East Coast Deals, Opportunities, and Partner Events
InsurTech News and Deals
- Anterior ($20M, NEA): New York-based health insurance approval expeditor
- Authentic Insurance ($11M, First Mark Capital): New York based digital captive manager
- Richmond National ($55M, HF Capital): VA-based specialty excess and surplus lines insurance solution
- Sixfold ($15M, Salesforce Ventures): New York-based insurance underwriting tech startup
Partner Events and Programs
- NY DFS Exchange (Jun 30)
- Insurance Innovation Prize (Open through July 22, 2024)
- LIC CEO Forum (Aug 27) – Nashville, Tennessee
- Insurtech Connect Vegas (Oct 15 – 17)
See more information about our partner events here:
https://www.insurtechny.com/upcoming-insurtech-conferences/
Jobs at carrier/broker innovation and venture teams
Travelers – Director, Identity Governance & Administration
Gallagher – Global Programs
Lockton Re – P&C Senior Analyst
See more information and apply via our blog: https://www.insurtechny.com/jobs
Consider Sponsoring InsurTech 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 April 2-3, 2025. To learn more or request information reach out to contact@insurtechny.com.
Best,
David and Tony
InsurTech NY Team
02 Jun 2024
InsurTech NY News: Is the Future in MGAs?
Is the Future in MGAs?
On May 23rd, Bowhead Specialty had its IPO at $17 a share. On its first day of trading, it ended up 40%.
Bowhead is one of the glimmers of hope for the pipeline of InsurTechs and insurance companies that hope to go public. But they are not the only recent public insurer that is performing well. Two others are up from IPO:
Hamilton Insurance – Up ~13%
Skyward Specialty – Up ~245%
Looking beyond the headlines, Bowhead operates primarily as an MGA backed by American Family Insurance writing PL, GL, and Healthcare Liability. Both the underwriters at Bowhead and the program managers at Skyward have demonstrated that discipline is key. With the right discipline, it is possible to post a profitable book of business as a new public company.
If you are an entrepreneur looking to start an MGA, don’t have your hopes crushed just because your favorite VC gave up on MGAs last year. The professionals have proven there is money to be made.
You might not have all the pieces together to become the next Bowhead Speciality yet. Don’t worry, we’ve got you covered. There is clearly and future in MGA, and InsurTech NY is accepting applications to the MGA Lab – an immersive program to help MGAs get to the next stage.
Read more and apply here: https://www.insurtechny.com/mga-lab/
Upcoming InsurTech Community Events and Programs
The Sound of Underwriting
Jun 4 | Flatiron District, NYC
– Learn how underwriters price risk in entertainment + listen to InsurTech musicians
Series A, B, C: Marketing KPIs to convince a VC you’re ready to raise
Jun 6 | Online Event
– Online event on marketing KPIs. Fine tune your pitch and be ready for that next capital raise
InsurTech Rapids
Jun 10-11 | Jackson, Wyoming | 1 Content day + 1 Networking Day
– Founder and investor event limited to 20 people. Build deep lasting relationships.
– 2:1 Investor to Founder ratio
InsurTech Spring Conference (Pre-Registration Open)
Apr 2-3, 2025 | New York
– Our 6th annual flagship conference, bringing together up to 1000 InsurTech professionals from Carriers, brokers, vendors, and more. Pre-Registration is currently open. Sign up and be notified on early deals and pricing.
InsurTech NY Sponsors
Thank you to our InsurTech NY community sponsors.
If you are interested in sponsoring our community or our 2025 Spring conference, 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
- Cover Genius ($80M, Spark Capital): NYC-based embedded insurance solution
- CoverTree ($13M, Portage):Detroit-based digital insurance solution for manufactured home residents
- Arbol ($60M, Giant Ventures): NYC-based parametric insurance solutions
- Plover Parametrics ($5M): NYC-based technology-enabled commercial insurance brokerage
Partner Events and Programs
- McDermott’s InsurTech Summit – (June 4)
- Insurtech Insights (June 5-6) – subscribers can save 30% with code INSURTECHNY24
- RevTech Labs – Fintech + Insurtech Generations (Jun 12-13)
- Locke Lord’s InsurTech Legal Academy webinar (Jun 12)
- Scout InsurTech (Jun 17)
- On Ramp Insurance (Jun 18-19)
- NY DFS Exchange (Jun 30)
See more information about our partner events here: https://www.insurtechny.com/upcoming-insurtech-conferences/
Jobs In Carrier/Broker Innovation and Venture Teams
Travelers – Director, Identity Governance & Administration
Gallagher – Global Programs
Lockton Re – Senior Account Manager – Commercial Insurance
Tokio Marine – Senior Underwriter
See more information and apply via our blog: https://www.insurtechny.com/jobs
Consider Sponsoring InsurTech 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 April 2-3, 2025. To learn more or request information reach out to contact@insurtechny.com.
Best,
David and Tony,
InsurTech NY Team
07 May 2024
InsurTech NY News: Non-Competes, No More
What’s more common in America than Heart Disease?
Non-Compete Agreements
Per the FTC, nearly 1 in 5 workers is bound to a non-compete.
Non-competes tend to keep employees tethered to employers as the alternative is finding a job in another sector. Historically, a few states held that this employer power was against public policy. For example, California has enforced a ban on non-competes since 1872 based on judicial interpretations of CA Code Section 16600.
So if you are an employer, now would be a great time to review your employment and contractor agreements and make some updates. Keep in mind the FTC ruling exempts executives earning more than $151,000. Read the FTC press release here.
On the subject of competition, if you missed it, InsurTech NY announced the winners of our annual Global InsurTech Competition:
Samos Insurance : Carrier/Broker Winner
Qumis : Investor Winner
Upcoming InsurTech Community Events and Programs
The Sound of Underwriting
Jun 4 | Flatiron District, NYC
– Learn how underwriters think about entertainment + listen to an InsurTech musician
InsurTech Rapids
Jun 10-11 | 1 Content day + 1 Networking Day | Jackson, Wyoming
– Founder and investor event limited to 20 people. Build deep lasting relationships.
InsurTech Spring Conference (Pre-Registration Open)
Apr 2-3, 2025 | 2 Days | New York
– 1000+ influencers, 100+ speakers, 10 startup presentations, + expo hall
Series A, B, C: Marketing KPIs to convince a VC you’re ready to raise
Jun 6 | Online Event
– Online event on marketing KPIs. Fine tune your pitch and be ready for that next capital raise
InsureTerms by Locke Lord
Our partners over at Locke Lord LLP will be helping to inform the community, by creating a glossary of terms used in the Insurance industry.
SAP – Insurance statutory accounting principles for insurance companies which are codified… read more
InsurTech NY Sponsors
Thank you to sponsors of our recent InsurTech Spring Conference.
If you are interested in sponsoring our events? Make a request here
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
- NovaData Solutions Inc. ($2M, Activate Venture Partners): AI-powered restoration invoice analysis platform
- Sertis (MGA) ($3.2M, JLL Spark): MGA using a fully digital property management platform
- CrashBay ($1.25M, Markd): Digital marketplace for car repair, connects insurers to owners and shops
Partner Events and Programs
- Insurtech Insights (June 5-6) – subscribers can save 30% with code INSURTECHNY24
- RevTech Labs – Fintech + Insurtech Generations (Jun 12-13)
- Scout InsurTech (Jun 17)
- On Ramp Insurance (Jun 18-19)
- NY DFS Exchange (Jun 30)
See more information about our partner events here: https://www.insurtechny.com/upcoming-insurtech-conferences/
Jobs In Carrier/Broker Innovation and Venture Teams
Anansi – Strategic Account Manager
Tokio Marine Group – Manager, Vulnerability Management and Testing- Remote
Gallagher – Client Service Positions
Lockton – Personal Risk (High Net-Worth) Sales Executive
See more information and apply via our blog: https://www.insurtechny.com/jobs
Best,
David and Tony,
InsurTech NY Team
01 Apr 2024
Spring Conference Success & Media Mentions
MEDIA RECAP 2024
ON LINKEDIN – At InsurTech NY March 20-21, speakers on panels shared insights on embedded insurance, underwriting innovation, and innovating during core systems upgrades…
IN PDF, March 22, 2024 – “Insurers had better get on board with artificial intelligence because it’s here to stay, say industry watchers. “I think that AI is already sticking,” said Todd Rissel, CEO of e2Value, Inc., a property appraisal company in Stamford, Conn., who was speaking at the Spring InsurTech Conference in New York this week…”
ON WEBSITE – InsurTech M&A seems to be showing signs of life. While there hasn’t been an influx of completed deals, more discussions have been taking place compared to last year, attendees at the Insurtech Spring Conference said…
IN PDF, April 1, 2024 – “Regulations, I don’t see them as a roadblock,” said Nanditha Nandy, head of data-driven underwriting solutions for Swiss Re, speaking at the InsurTech NY conference in March. “They are the necessary gatekeepers. If we are able to explain the decision-making, we should be fine.”
VIDEOS, April 5, 2024 – AM Best TV has covered the Insurtech 2024 Spring Conference thoroughly. Click here for a full breakdown of their content around the conference with topics like: “Insurtech Leaders Say a Strong Insurance Background Is Part of Successful Recipe”
VIDEO, April 2, 2024 – “Root CEO Alex Timm has said the insurtech appreciates the recent recognition it has received for its performance among investors, and argued that the auto specialist’s technology advantage is starting to become more evident as it outperforms the industry.”
ON WEBSITE, March 27, 2024 – “InsurTech NY — an insurtech community association, incubator, and investor — held its 2024 Spring Conference on March 20 and 21. Presentations and panels centered on the new wave of opportunities from AI and data analytics within insurance. We look at the key themes and use CB Insights data to dig into the underlying trends.”
ON WEBSITE, April 5, 2024 – “InsurTech NY founders: Group aiming to provide “ecosystem” to foster community. InsurTech NY’s co-founders David Gritz and Tony Lew have outlined the group’s mission of fostering community within the segment and to leverage their insights and relationships to invest and incubate start-ups to help them get off the ground.”
ON WEBSITE, April 11, 2024 – “Following InsurTech NY‘s Spring Conference, Arch’s Bryan Adams sat down with Michael Shashoua from Digital Insurance to discuss third-party data management. The pair explored both challenges and solutions for the insurance industry when it comes to handling third-party data. Bryan even shared two data-related trends on the horizon that have caught his interest.”
07 Mar 2024
InsurTech NY News: Global Competition Finalists Announced!
Global Startup Competition Finalists Announced!
With Super Tuesday behind us, we are now turning our focus to the competitive spirit within our industry.
More than 30 VC and carrier judges have deliberated and selected the top nine startup competition finalists for our Global InsurTech Competition. With 149 applications, our selection process is on par with Princeton University’s acceptance rate.
Top Startups: Anansi, FutureProof Technologies, Invive, Lukango, Qumis, Samos Insurance, Vecto, Vellum Insurance, and Wuuii.
For the last startup, we invite you to be a part of the process. The final startup (wildcard) will be selected by popular vote. Check out the startups given a wildcard opportunity, review their videos, and submit your vote by March 8th.
Competition Wildcard: https://www.insurtechny.com/competition/
All finalists will present at our InsurTech Spring Conference. Don’t forget to register.
Spotlight: Insurance Innovation Playbook @ InsurTech Spring
Conning Research and InsurTech NY have been interviewing carriers to figure out the playbook for making innovation work. 10+ carriers have participated in in-depth interviews.
Our own Tony Lew will present the research at our InsurTech Spring Conference on March 20th.
Join us and benchmark your peers: www.insurtechny.com/insurtech-spring-conference
Upcoming InsurTech Community Events and Programs
InsurTech Spring Conference
Mar 20-21 | 2 Days | Pier 60
– 1000+ influencers, 100+ speakers, 10 startup presentations, + expo hall
The Sound of Underwriting
Jun 4 | Flatiron District, NYC
– Learn how underwriters think about entertainment + listen to an InsurTech musician
New Data Sources
Jun 12 | Sunnyvale, CA
– An InsurTech SF event, this Plug and Play Tech collaboration covers topics from IoT sensors and telematics to advanced analytics and machine learning
Spring Conference Partner Events
Caffeine Kickstart by Fenris Digital
March 20th 10am – 12pm | Bluestone Lane cafe at Pier 62
ITA After Conference Networking Event
March 20, 6:30pm-8:30pm | Porchlight
InsurTech NY Sponsors
Thank you to the sponsors of our upcoming InsurTech Spring Conference.
If you are interested in sponsoring our events, send us a note at contact@insurtechny.com
InsurTech East Coast Deals, Opportunities, and Partner Events
Discover a curated mix of InsurTech financings, exits, partnerships, opportunities, and partner events on the East Coast.
InsurTech News and Deals
Coverdash ($13.5M, Nyca Partners): NYC-based SMB-focused embedded insurtech solution
Healthee ($32M, Sequoia Capital): Harnessing AI for a better user experience, providing insurance answers
intenseye ($64M, Lightspeed Venture Partners): Workplace safety solutions leveraging existing infrastructure
Partner Events and Programs
- InsurTech Hartford Symposium (Apr 17-18)
- NY DFS Exchange (Jun 30)
- RevTech Labs – NYC Fintech Pitch Event (Apr 11)
- RevTech Labs – Fintech + Insurtech Generations (Jun 12-13)
See more information about our partner events here
Jobs In Carrier/Broker Innovation and Venture Teams
Anansi – Strategic Account Manager
Gallagher – Client Service Positions
Lockton – Personal Risk (High Net-Worth) Sales Executive
Tokio Marine – Head of Red Team and Intelligence
See more information and apply via our blog: https://www.insurtechny.com/jobs
Sponsor InsurTech NY Community Activities
Has the InsurTech NY community helped you make a lasting connection? Do you want an opportunity to get your brand out there? InsurTech NY has many ways to support your marketing needs: community events, podcast, newsletter, webinar and more. To learn more, reach out to contact@insurtechny.com
Best,
David, Tony, and the InsurTech NY Team
21 Feb 2024
InsurTech NY News: Going Bare
InsurTech NY News: Going Bare on Homeowner’s Insurance
Carriers dropping out of markets and approval of new rate increases are having unintended consequences on the homeowner’s insurance markets.
Homeowners are now deciding to “go bare” and forego homeowner’s insurance completely. According to Axios, almost 40% of homes in the US are mortgage-free, so they don’t have lender requirements. As a result, data from III shows that 12% of homeowners are not covered with insurance, more than double the 5% rate just a few years ago.
This change in the market is an opportunity for startups.
It is an opportunity because startups that are selling into difficult markets like Greenshield Risk, SPIN, and Sola – graduates of our MGA Lab – can capture market share and benefit from high rates while incumbents stay out of the market.
Beyond broadening the market, our hope is we can take long-term view and focus on risk mitigation. Solutions like creating defensible space and hardening properties will allow homeowners to rest assured and afford protection.
If you are curious about some of the startups shaking up the space, join us to meet some of them at our InsurTech Spring Conference.
As a regular newsletter subscriber, you can save 10% off tickets with code “Go-Bare”.
Register and learn more at: https://www.insurtechny.com/insurtech-spring-conference/
Spotlight: InsurTech Slopes 2024
On Jan 31, 20 founders and investors gathered in Montana to forge new relationships. This event was the sixth in a series of small group events we have been holding under the InsurTech Founder and Investors Forum Series.
The summer edition, InsurTech Rapids has just been announced; learn more and join the waitlist: InsurTech Rapids.
Upcoming InsurTech Community Events and Programs
InsurTech Spring Conference
Mar 20-21 | 2 Days | Pier 60
– 1000+ influencers, 100+ speakers, 10 startup presentations, + expo hall
The Sound of Underwriting
Jun 4 | Flatiron District, NYC
– Learn how underwriters think about entertainment + listen to an InsurTech musician
InsurTech NY Sponsors
Thank you to sponsors of our upcoming InsurTech Spring Conference.
If you are interested in sponsoring our events? Make a request here
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
- Buddy ($7M, Sequoia Capital): VA-based insurance gateway for software companies.
- Cake ($1.3M, Markd): IN-based transactional marketplace for independent insurance agents
- Kin ($15M, Activate Capital): IL-based home insurance provider
Partner Events and Programs
- Data Innovation in Insurance (Mar 5-6)
- InsurTech Hartford Symposium (Apr 17-18)
- NY DFS Exchange (Jun 30)
- InsurtechLIVE 24 Conference (Feb 13)
- RevTech Labs – NYC Fintech Pitch Event (Apr 11)
- RevTech Labs – Fintech + Insurtech Generations (Jun 12-13)
See more information about our partner events here: https://www.insurtechny.com/upcoming-insurtech-conferences/
Jobs In Carrier/Broker Innovation and Venture Teams
Anansi – Strategic Account Manager
Extend – Actuarial Manager
Gallagher – Client Service Positions
Lockton – Personal Risk (High Net-Worth) Sales Executive
See more information and apply via our blog: https://www.insurtechny.com/jobs
Consider Sponsoring InsurTech 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
11 Jan 2024
InsurTech NY News: Reflecting on 2023 + 3 InsurTech CEOs to See
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.
14 Dec 2023
InsurTech NY News: Access to Data + Spring Conference
On Dec 5th, four debaters took the stage – an AI startup founder, a VC venture partner, a solution provider partner, and a law firm partner. They debated on whether the government should reduce barriers for AI and Analytics platforms to access data.
One side made the case that the use of unrestricted data in AI models improves lives. The other side argued that humans have a basic need for privacy and security. The same debate is taking place in corporate boardrooms, among startup founders, and by venture capitalists.
Together as an industry, one that holds trillions of records, our industry leaders must put in the intellectual work to decide where balance exists between total privacy and unrestricted access.
To help you do that thinking and to continue the conversation on all topics related to AI, we have decided to make the theme of the InsurTech Spring Conference (Mar 20-21) – The AI and Analytics Advantage. We will discuss across each functional area from distribution to underwriting to claims and how to ethically maintain your data advantage to be a profitable insurer. Like last year, we have dedicated halls for P&C and L&H.
Learn more and register: www.insurtechny.com/insurtech-spring-conference [Early bird special]
Upcoming InsurTech Community Events and Programs
InsurTech Spring Conference [Save 20% with Code Nov-News – Ends Nov 30] Mar 20-21 | 2 Days | Pier 60
– 1000+ influencers, 100+ speakers, 10 startup presentations, + expo hall
InsurTech Slopes EU Jan 16-17 | Switzerland
– Founder and Investor program, 1-day education + 1-day networking
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 2023 event sponsors.
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
- BirdsEyeView (European Space Agency): P&C: Parametric MGA offering automated underwriting and climate-driven analytics.
- Pontera ($60 Million, ICONIQ Growth): Finance: NYC-based SaaS providing advisors a platform for managing held-away accounts.
- Zyla Health ($4 million, Exfinity Venture Partners): Health: AI-based healthcare management platform connecting patients and providers dealing with chronic conditions.
Partner Events and Programs
- BrokerTech Ventures Accelerator (Applications open until Dec 18)
- InsurTech Hartford Symposium (April 16-18)
- 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 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.
16 Nov 2023
InsurTech NY News: Accelerator Cohort + PnP Partnership
Last week was the Investor Demo Day for our Growth Stage InsurTech Accelerator. We had 39 startups present including current cohort companies, MGA Lab startups, and a few accelerator alumni.
We are happy to announce the 2023 cohort of 41 startups by primary line of business:
Life, Health, and Benefits Lines:
Aerogami, Annuities Genius, Future Capital, Hammurabi, iGuard Fire, Insured Normads, Jove, Knudge, Lazarus AI, Medical Second Opinion, Nestimate, Neutrinos, SortSpoke, Planswell, ScoreData, Triyo, and Uniblox
Property and Casualty Lines:
Agtools, Allium Data, altumAI, Batteryze, Billy, Claim Genius, DocLens, Draftrs, Edify, Floatbot, Gigaforce, Kita, Kwant, Kyber, Modjoul, Mac Intelligence, Optimalex, Otonomi, Previsico, Property Scout, Salient Predictions, Stere, ThingCo, and Voxel
Spotlight: Partner Event with Plug and Play – AI Solutions
We are excited to usher in our first partner event with Plug and Play in Sunnyvale, CA. Thanks to Alex Tran and his team, we are able to host our InsurTech SF event as part of the Plug and Play Winter Summit on Dec 5th.
At the Summit, we will be hosting a panel on the Impact of AI on Claims. And, we will hold the first-ever 2-vs-2 debate to discuss the balance between generative AI data sources and privacy needs. The debate will feature an AI startup founder who has previously run a debate camp.
Learn more and register: AI Solutions Event (Dec 5)
Upcoming InsurTech Community Events and Programs
InsurTech Spring Conference [Save 20% with Code Nov-News – Ends Nov 30] Mar 20-21 | 2 Days | Pier 60
– 1000+ influencers, 100+ speakers, 10 startup presentations, + expo hall
AI Solutions for Insurance Dec 5 | Sunnyvale, CA (Bay Area)
– Featuring Live 2-vs-2 Debate on AI & Data Privacy
InsurTech Slopes EU Jan 16-17 | Switzerland
– Founder and Investor program, 1-day education + 1-day networking
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 2023 event sponsors.
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
- Reserv ($20 million, Altai Ventures): P&C: NYC-based claims platform for Carriers and MGAs
Boundless Rider ($4.25 million, American Family Ventures): Auto: Massachusetts-based MGA focused on the motorcycle and power sports market. - Layr ($10 million, Cota Capital): Broker Tech: Atlanta-based solution provider serving small to medium commercial brokerage operation needs.
Partner Events and Programs
- BrokerTech Ventures Accelerator (Applications open until Dec 18)
- Plug and Play Winter Summit (Dec 5-7)
- 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
Fenris Digital – Financial Operations
Fenris Digital – Marketing Manager
See more information and apply via our blog: https://www.insurtechny.com/jobs
Consider Sponsoring InsurTech 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.