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BrokerTech Ventures (BTV, Des Moines, Iowa), the insurance industry’s first broker-led convening platform and accelerator program, has selected the following 12 InsurTech startups to take part in its annual accelerator curriculum.
Aureus Analytics, Hartford
Fenris, Richmond, Va.
HealthLucid, Fremont, Calif.
Layr, Atlanta, Ga.
Malum Terminus Technologies, Incorporated, Coralville, Iowa
Propeller, Inc., Houston
Relativity 6, Cambridge, Mass.
RxLive, Inc., St. Petersburg, Fla.
Socialeads, Milwaukee, Wisc.
Surfly, Amsterdam, Netherlands
“As we embark upon the second year of our BTV Accelerator, we were thrilled to receive nearly double the applicants with a greater range in diversity, broader spread between P&C commercial and health/benefits-tech solutions, and some of the highest-caliber early-stage and growth InsurTech companies,” comments Dan Keough, Holmes Murphy chairman and CEO and BTV co-founder.
The accelerator cohort stage begins March 1 in a virtual format for the 5-week curriculum, according to BTV. During this time, the startups will advance their technologies, accelerate their progress through a select mentor network, receive $50,000 in seed funding, and gain immediate access to BTV’s multi-billion-dollar distribution platform to deploy the technologies.
“I am sincerely impressed at the quality of startups we have in this class,” comments John Jackovin, executive director of the BTV Accelerator. “I worried after last year’s success that maybe the well would run dry, but these startups show that InsurTech is a fruitful space to be and BTV is here to help drive these amazing startups to success, faster.”
Collectively, BTV represents 13 of the largest independently owned insurance agencies and 11 of the largest insurance companies in North America, with a combined multi-billion dollars in annual distribution capacity.
“The true value in our BTV Accelerator and business model is in the engagement with our trifecta ecosystem of BTV agencies, insurance companies, and capital resources,” adds Keough. “We believe this is the differentiated value-offering to our BTV Accelerator companies, as we work in collaboration to elevate innovation for the broader insurance industry.”
In addition to activities in the United States, BTV recently announced its engagement with InsurTech Israel and Ayalon Insurance Company to partner in deploying The Israeli Insurtech Accelerator, headquartered in Tel Aviv, Israel. Additional international accelerator engagements in Latin America and Europe are under review for deployment in 2021.