Deadline Approaches for New York-Bermuda InsurTech Early Stage Competition

The deadline for the 2021 InsurTech Early-Stage Competition is fast approaching on January 29, 2021.

This prestigious event, a collaboration between global insurtech hub InsurTech NY and Bermuda Business Development Agency (BDA), offers a unique platform for up to 100 startups worldwide to showcase their innovations to industry leaders and investors. Eligible companies, particularly those generating less than $250,000 in annual revenue in 2020, stand to gain invaluable exposure and support. With the chance to win a four-night stay in Bermuda, along with access to professional advisors and regulatory assistance, this competition presents a golden opportunity for aspiring insurtechs.

Read more about this exciting initiative on Insurance Journal to learn how it could propel your startup to success in the dynamic insurance market.

2021 InsurTech NY Early-Stage Competition Looks to Bermuda for Innovation

In an exciting development for the global InsurTech community, InsurTech NY has partnered with the Bermuda Business Development Agency (BDA) to launch the 2021 InsurTech Early-Stage Competition. This collaboration is set to create groundbreaking opportunities in the InsurTech landscape, bringing together startups, industry leaders, and investors from around the world.

This year’s competition promises to be more impactful than ever, as it leverages Bermuda’s renowned reinsurance market. InsurTech startups participating in the competition will have the unique opportunity to showcase their innovative solutions to a global audience. The collaboration with the BDA aims to provide these startups with unparalleled benefits, including access to critical resources and regulatory support, which are essential for scaling their businesses and disrupting the insurance industry.

Bermuda has long been a hub for reinsurance and is now positioning itself as a key player in the InsurTech revolution. By participating in the InsurTech Early-Stage Competition, startups will not only gain exposure but also receive invaluable guidance from industry experts. The competition will spotlight Bermuda’s thriving reinsurance market, offering winning teams exclusive access to resources that can significantly accelerate their growth and market presence.

The InsurTech Early-Stage Competition is more than just a contest; it is a platform for fostering innovation and driving forward the next wave of disruption in the insurance sector. The collaboration between InsurTech NY and the BDA underscores the importance of strategic partnerships in nurturing the InsurTech ecosystem. Startups will benefit from Bermuda’s supportive regulatory environment, which is designed to encourage innovation and facilitate the development of new insurance technologies.

Don’t miss this chance to be part of the next big wave in InsurTech. Read the full article on Carriermanagement.com to learn more about this game-changing partnership and how it could shape the future of insurance innovation.

For startups looking to make a mark in the industry, the competition offers a unique platform to demonstrate their capabilities and connect with key stakeholders. The insights and resources gained through this partnership can provide a competitive edge, enabling startups to navigate the complexities of the insurance market and achieve long-term success.

Stay informed about the latest developments in the InsurTech space and join us in celebrating the innovative spirit that drives our industry forward. The 2021 InsurTech NY Early-Stage Competition is set to be a pivotal event, and we look forward to seeing the groundbreaking ideas and solutions that emerge from this collaboration.

For more information on how to participate and the benefits of this partnership, visit our competition page. Let’s work together to create a more dynamic and resilient future for the insurance industry.