Global Insurance Accelerator Adds Novarica to its List of Partners

Novarica will provide access to key market studies and senior advisors to each of the companies selected to participate in the GIA’s sophomore class, according to a GIA statement.

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The Global Insurance Accelerator (GIA, Des Moines), the insurance industry’s independent accelerator organization focused on developing and growing innovative insurance startups, has added Novarica, a Boston-based research and advisory firm focused on insurance technology strategy, to its list of industry partners, The GIA describes its partnerships as giving its portfolio companies access to new resources, benefits and supports to fuel growth, accelerate their business and help to transform the insurance industry.

Brian Hemesath, Managing Director, Global Insurance Accelerator.

Brian Hemesath, Managing Director, Global Insurance Accelerator.

Novarica will provide access to key market studies and senior advisors to each of the companies selected to participate in the GIA’s sophomore class, according to a GIA statement.

The three additional companies who recently partnered with the accelerator include ACORD, the insurance industry’s global data standards and services association, will host the first of its Insurance Innovation Challenge semifinal events in Des Moines in support of the GIA; Amazon Web Services (AWS) Activate, which provides the resources that enable each startup to leverage the power of AWS and its easy-to-use infrastructure, according to the GIA; and Fintech Sandbox, which will provide each startup with access to financial data, infrastructure support, top quality cloud hosting and other platform services.

“We’re always on the lookout for partners who support our mission and add value to our startups and the overall program,” comments Brian Hemesath, managing director, GIA. “With the second year underway, we’re looking forward to seeing how these new partnerships will advance our startups during the program and for potential years to come.”

In addition to offering a range of consultative and advisory services, Novarica will provide each team within the GIA’s cohort access to executive briefs, webinars and research reports including “Novarica Nine for 2016” which highlights major business and technology trends, and opportunities and concerns associated with the insurance industry, according to the GIA statement.

Matthew Josefowicz, President & CEO, Novarica.

Matthew Josefowicz, President & CEO, Novarica.

Energy and Innovation

“We are excited by the energy and innovation that new companies and investors are bringing to the insurance industry,” comments Matthew Josefowicz, president and CEO, Novarica. “Our choice to partner with the Global Insurance Accelerator was an easy one, and we’re excited to bring our team’s expertise to the leaders of these early-stage companies to help them move the industry forward.”

The Global Insurance Symposium is a returning partner and hosts the GIA’s “demo day” that offers each startup time to pitch on the main stage in front of more than 350 industry professionals. This year’s symposium takes place April 26 through April 28, and will be held in Des Moines.

ACORD Partners with Global Insurance Accelerator to Promote Insurance-Centric Entrepreneurship

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at [email protected] or (503) 936-2803.

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