(Image source: InsurTechNY.)
InsurTechNY, a New York City-based organization that unites carriers, brokers, investors, and InsurTech startups via bi-monthly programs, has announced its 2020 InsurTech Startup Competition and has begun accepting applications.
The competition, which consists of early-stage and growth-stage tracks, will award $300,000 in prizes to the six winning teams. Startups in the early-stage track will compete for the title of the most investable startup. The growth-stage teams will compete to demonstrate the highest year-over-year growth potential. Top teams are given an opportunity to pitch their business or demo their platform at the InsurTechNY Spring Conference on Mar 19, 2020, where judges will select the winners.
“We’re looking worldwide for the top startups that support the insurance industry to showcase their platforms,” comments David Gritz, co-founder, InsurTechNY. “Our team has curated the most active investors and insurance innovation leaders to judge the competition.”
Judges for the competition will be evaluating startups for potential investment or pilot opportunities. Participating investment organizations include New York Angels (New York), Anthemis (London), and CT Innovation. InsurTEchNY describes the pool of judges as representing the entire insurance value chain, from broker to reinsurance, including NFP Ventures, Transamerica, and GreenlightRe.
The deadline for submissions is February 7, 2020. Finalists invited to present in-person will be announced in early March 2020.