Introducing the Best of InsurTech: Class of 2017

Introducing the Best of InsurTech: Class of 2017

13-Dec-2016 by Kristin Bell

Over the course of three days, our Startupbootcamp InsurTech team brought 23 startups from 12 different countries to our Selection Days. Each startup is using either different business models (B2B2C, peer-to-peer), revenue models (SaaS, hardware, freemium), or emerging technology (drones, blockchain, artificial intelligence, machine learning, telematics, etc.) to strengthen the value chain and improve customer experience.

The three days provided valuable insight into what is going on in the insurance industry. This second wave of InsurTech innovation is seeing more mature startups focusing on front end, middle office, and backend, and who are providing solutions for retail, the life space, health, and more.

Finally, on November 30, we selected the ten teams who will join us in January 2017. Of the top 23 InsurTech startups invited to Selection Days, the following 10 have been selected to be in our 2017 cohort:

Adapt Ready

Location: New York, United States
Website: www.adaptready.com
Description: Adapt Ready is delivering risk intelligence and analytics to global corporations by applying big data and predictive analysis to pinpoint how customers’ operations and supply chains could be impacted from extreme events

Aerobotics

Location: Cape Town, South Africa
Website: www.aerobotics.co.za
Description: Aerobotics is using drone technology in the agricultural, logistical, and mining industries to acquire better data analysis using AI algorithms, and to help farmers farm more efficiently and to allow insurers to price and assess damage more effectively

Emerge Analytics

Location: Johannesburg, South Africa
Website: www.emergeanalytics.com
Description: Emerge Analytics is using big data, artificial intelligence, and a scoring platform to solve complex business problems, such as sales/marketing and fraud prevention

Insure A Thing

Location: London, United Kingdom
Website: www.insureathing.com
Description: Insure A Thing is building a scalable platform that fundamentally reverses the operating model by charging payments in arrears and by taking a fixed fee on settled claims, to protect the things customers love

LifeSymb

Location: Kalmar, Sweden
Website: www.lifesymb.com
Description: LifeSymb is using an artificial intelligent health robot that uses multiple sensors, such as 3D depth cameras and accelerometers, to collect movement data about a person in order to provide automatic health and fitness recommendations

Nuvalaw

  Location: Cape Town, South Africa
Website: www.NuvaLaw.com
Description: Nuvalaw is a digital negotiation platform between motor vehicle insurers. The product introduces workflow and measurable efficiency to an environment that is currently unstructured and also facilitates Online Dispute Resolution information exchange and Legal Process Outsourcing to qualified lawyers and mediators

PORT

Location: London, United Kingdom
Website: www.port.im
Description: PORT is a personal information cloud datastore for insurance business and people. They make it easy for companies to acquire, store, and manage personal information in a legally compliant way, while using the consented information to deliver new personalized products and services

Sharenjoy

Location: Madrid, Spain
Website: www.sharenjoy.es
Description: Sharenjoy is using artificial intelligence to offer collaborative micro insurance for people attending public or private entertainment events.

TikkR

Location: Stockholm, Sweden
Website: www.tikkr.co
Description: TikkR is providing short-duration and on-demand insurance protection to insure specific moments, mainly targeting Millennials

TrackActive

Location: London, United Kingdom
Website: www.trackactive.co
Description: TrackActive is reducing cost of claims through better outcomes by using a telehealth assistant platform proposed to provide better care at lower cost through technology that detects engagement, reports on adherence and outcomes, and places accountability on the patient and their health practitioner.

 

Read our official press release here.

Kristin Bell

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