Announcing Top 23 Startups Invited to Startupbootcamp InsurTech Selection Days 2016

Announcing Top 23 Startups Invited to Startupbootcamp InsurTech Selection Days 2016

28-Nov-2016 by Kristin Bell

It’s our second program year at Startupbootcamp InsurTech London, and this year we’ve seen a dramatic increase in the number of mature InsurTech startups, especially those using emerging technology to strengthen the value chain, to improve customer experience, and to change the way insurers work.

This year, we scouted 2,500 startups from 50 different countries and selected the Top 23 startups, which are from 12 different countries. These talented startups have been invited to our London offices where they will partake in Selection Days, which kick off tomorrow, Tuesday November 29th, and on Wednesday, November 30th we will choose the Top 10 finalists that will take part in our 2017 cohort.

This year has seen more investment into non-health related InsurTech startups, which take 67% of the total, while deals in health insurance-related startups have received just 33%. In a similar vein, of our top 23 startups, many are using emerging technology and are working directly within the value chain to improve customer experience.

Read more about our Top 23 teams here.

Adapt Ready

Location: New York, United States
Website: www.adaptready.com
Description: Risk data is spread across disparate sources making it daunting to apply across value chains. Adapt Ready’s software transforms risk big data into actionable intelligence & enables customers to minimize losses.

Aerobotics

Location: Cape Town, South Africa
Website: www.aerobotics.co.za
Description: Aerobotics develops an end to end drone solution that provides key actionable data to the farming industry.

Axieme

Location: Torino, Itlay
Website: www.axieme.com
Description: Axieme is the first Italian P2P insurance which provides the policyholder with cash-back if there is no claim.

Bdeo

Location: Madrid, Spain
Website: www.bdeo.es
Description: Bdeo aims to revolutionize the claims industry creating a real-time virtual channel when claims just happened (FNOL), improving the customer satisfaction, reducing costs and providing a powerful tool to fight fraud.

Blockwise

Location: London, United Kingdom
Website: www.blockwise.org
Description: Blockwise develops Blockchain platform for the insurance industry.

Emerge Analytics

Location: Johannesburg, South Africa
Website: www.emergeanalytics.com
Description: Emerge Analytics extracts profit from corporate data using machine learning and process analytics.

Ensurly

Location: Luxembourg City, Luxembourg
Website: www.ensurly.com
Description: Mitigating cybercrime using geo-augmentation adopting technologies from space

Hublio

  Location: Dublin, Ireland
Website: www.hublio.com
Description: Using a mix of AI, advisors and behavioral economics, Hublio will tell you if you’re over- or under-insured, or have duplicate/missing cover/products, and whether you can get these cheaper elsewhere.

Insure A Thing

Location: London, United Kingdom
Website: www.insureathing.com
Description: Insure A Thing protects the things you love – without the fine print, without the tricks.

InsureMyTrans

Location: Malmö, Sweden
Website: www.insuremytrans.com
Description: InsureMyTrans is an InsurTech specializing in developing end-to-end solutions for the Marine Cargo Insurance Value Chain.

LifeSymb

Location: Kalmar, Sweden
Website: www.lifesymb.com
Description: A 3D-sensor-based machine learning application to classify whiplash symptoms and prevent insurance fraud.

Limewood

Location: Bratislava, Slovakia
Website: www.limewood.eu
Description: SaaS tool for life insurance portfolio analyses deploying real time statistics.

MedVir

  Location: Paris, France
Website: www.mis-medvir.fr
Description: Our company is a provider of a proprietary artificial intelligence system called MedVir, the Prevention range helps individuals forecast potential health conditions. 

Nuvalaw

  Location: Cape Town, South Africa
Website: www.NuvaLaw.com
Description: Nuvalaw co-creates B2B ecosystems that process legal information efficiently.

Port

Location: London, United Kingdom
Website: www.port.im
Description: Port is a cloud based, API driven, personal data management platform that gives consumers control and visibility of their data, and organizations the tools to create better GDPR compliant relationships.

Protektr

  Location: London, United Kingdom
Website: www.protektr.co
Description: As an insurance broker, Protektr bridges the gap between the insurance and alternative finance markets.

Reportix

Location: Mannheim, Germany
Website: www.reportix.com
Description: Reportix creates software for insurance utilizing extensible smart contracts on blockchain technology.

Sharenjoy

Location: Madrid, Spain
Website: www.sharenjoy.es
Description: Sharenjoy is the first Social Microinsurance: simple, collaborative, low cost and 100% mobile. The characteristics that make it ideal for new consumers of the 21st century.

Thinqbot

Location: Bangalore, India
Website: www.thinqbot.com
Description: We are independent manufacturers and designers of home entertainment, security, lighting and automation products in a 3D mobile app.

TikkR

Location: Stockholm, Sweden
Website: www.tikkr.co
Description: TikkR is an on-demand digital insurance platform! TikkR protects you and the things you care about for just the moment you need it! Goodbye long term multiple contracts! TikkR’s ultimate goal is to understand your lifestyle and then predict and protect your moments automatically.

TrackActive

Location: London, United Kingdom
Website: www.trackactive.co
Description: TrackActive’s ‘Telematics for Rehab’ solution provides better care at lower cost for insurers that detects engagement, reports on adherence, and places accountability on patients and their health practitioners

TradeCrediTech

Location: London, United Kingdom
Website: cvrd.insure
Description: A hub for SMEs to manage their trade credit, insure their invoices, check the credit of clients within a B2B community

Wenalyze

  Location: Valencia, Spain
Website: www.wenalyze.com
Description: Wenalyze allows you to know your customers’ setting risk and fraud profiles.

 

After five months of scouting and over 200 hours of in-depth conversations, we are ready to meet our cohort!

Follow us throughout the next couple of days on Twitter @sbcInsurTech.

 

 

Kristin Bell

Global Head of Marketing, InsurTech
Startupbootcamp InsurTech and Hartford InsurTech Hub