InsurTech NY, an insurtech community that is located in the New York metro area, recently announced its growth-stage InsurTech accelerator cohort.
According to Insurtech NY, the program will focus on growth-stage startups that have existing customers and range in funding stage between Seed and Series B. It will be open to InsurTechs around the world. David Gritz, InsurTech NY Managing Director, previously explained:
“The InsurTech NY accelerator will focus on the critical moment in time for startups when they are crossing the chasm. Many InsurTechs are able to build a product and get their initial customers; however, the true test is how to scale their business. Our program is about helping InsurTechs to get to scale.”
InsurTech NY also revealed 22 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 managing general agencies (MGAs).
Selected startups include:
- Life and Annuities Lines: Amenity Analytics, Best Fit, Breathe Life, Everyday Life, Fenris, Gerald App, Insurmi, IXN, Sensely, Sorcero, and Vymo
- Property and Casualty Lines: Assurely, Dealer Policy, Ecopia, GradientAI, Guardhog, Harbor.ai, Honcho, Neural Metrics, Pinpoint Predictive, Relay, and TrustLayer
InsurTech NY added that for traction, 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 October 29th.