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