InsurTech NY Opens Applications for October Cohort

July 29, 2020

InsurTech NY has announced that it will be accepting applications for its growth-stage InsurTech accelerator.

The application window will be open from July 21 to August 17, and applications will be accepted through the InsurTech NY website. 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.

“The InsurTech NY accelerator will focus on the critical moment in time for startups when they are crossing the chasm,” said InsurTech NY Managing Director David Gritz in a press release. “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.”

The accelerator will focus on what it sees as three areas necessary for InsurTechs to scale: market traction, talent acquisition and raising funds. 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).

“The New York ecosystem has all the requisite infrastructure to lead the next wave of digital transformation in insurance,” said Transverse Insurance CEO Erik Matson in the release. “We look forward to working with the accelerator to support the next crop of digital MGAs and transformative InsurTech solutions.”

The program will feature more than 15 carriers and broker members including Arch Capital, Flagship Insurance, Greenlight Re, Nassau, Nationwide, Lincoln Financial Group, Gallagher, Newton Insurance, Swiss Re, Transverse, Sompo and Pacific Life. The October cohort will run virtually for twelve days over a six-week period.

Source: InsurTech NY

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