InsurTechNY, an InsurTech community in the New York metro area spanning carriers, brokers, startups and investors, has opened the application window for the 2020 InsurTech Startup Competition.
The competition has two tracks and will award $300,000 in prizes to the six winning teams. Startups in the early-stage track will compete for the title of the most investable startup. The growth-stage teams will compete to demonstrate the highest year over year growth potential. Top teams will get to pitch their business or demo their platform at the InsurTechNY Spring Conference on Mar 19, 2020, where judges will select the winners.
“We’re looking worldwide for the top startups that support the insurance industry to showcase their platforms,” said InsurTechNY co-founder David Gritz in an InsurTechNY press release. “Our team has curated the most active investors and insurance innovation leaders to judge the competition.”
Judges for the competition will be evaluating startups for potential investment or pilot opportunities. They comprise investment organizations including New York Angels, Anthemis and CT Innovation. The pool of judges represents the insurance value chain from broker to reinsurer, including NFP Ventures, Transamerica and GreenlightRe.
The deadline for submissions is February 7, 2020. Finalists to present in-person will be announced in early March 2020.
Founded in 2019, InsurTechNY brings together carriers, brokers, investors and InsurTech startups via bi-monthly programs. InsurTechNY’s mission is to drive talent to insurance, make regulation innovation-friendly, attract InsurTechs to the New York metro area and improve access to investment.
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