(Image credit: jplenio.)
InsurTech NY, the largest InsurTech community in the New York metro area, has announced its growth-stage InsurTech accelerator cohort. Twenty-two startups were selected to participate in its insurance carrier and broker sponsored program that focuses on providing resources to support traction, talent, and financing. The program will provide access to insurance carriers and brokers looking to deploy new technologies and provide financial backing to digital MGAs, according to an InsurTech NY statement.
“Our member carriers and brokers worked closely with us to hand-select startups that align with their organizational goals,” comments David Gritz, Managing Director, InsurTech NY. “The goal of the program is to help startups accelerate the process of building long-term strategic relationships and gain knowledge on the best way to do so.”
Startups included in the cohort are as follows, organized by industry sector:
Life and Annuities: Amenity Analytics, Best Fit, Breathe Life, Everyday Life, Fenris, Gerald App, Insurmi, IXN, Sensely, Sorcero, and Vymo
Property and Casualty: Assurely, Dealer Policy, Ecopia, GradientAI, Guardhog, Harbor.ai, Honcho, Neural Metrics, Pinpoint Predictive, Relay, and TrustLayer
For traction, InsurTech NY reports that 18 member corporations will work closely with the startups to establish proof of concepts and partnerships. For talent acquisition, startups will be invited to present at the InsurTech Matchmaking Expo on Oct 29. For fundraising, startups will work with 17 insurance-focused corporate VCs, traditional VCs, and angel investors. The program will run for a total of six weeks, ending on November 12.