Hartford InsurTech Hub, powered by Startupbootcamp, announced its 2020 cohort of startups. In a surprising turn of events, Hartford InsurTech Hub selected eleven startups for their cohort. The past two cohorts have consisted of 10 innovative startups. With the help of the Hub’s partners, the accelerator program decided to select 11 companies to relocate to Hartford in February 2020. The startups selected possess a wide range of capabilities supporting health and property-casualty insurers.
The 11 successful entrepreneurs, who were selected from over 350 applications from 57 countries, will relocate to the city of Hartford for the accelerator program. These startups will be living in the capital city for three months as they embark on Hartford InsurTech Hub’s Accelerator Program. Eight of these companies are from the United States the other three are from Canada, India, and South Africa.
The startups will participate in a wide variety of workshops, which will focus on topics ranging from marketing to intellectual property law to business development. These workshops will change the way the teams understand the insurance ecosystem. There will also be introductions to industry leaders and investors who are interested in helping the startups grow their business. Hartford InsurTech Hub gives startups access to a powerhouse of partners, mentors, and investors, utilizing the accelerator’s global network.
The 11 startups selected to join the Hub’s acceleration program for its third year will work closely with insurers and collaborating partners Aetna, Capgemini, Conning, Cigna, The Hartford, Launc[H]artford, Travelers, InsurBot, LKP Global Law, Locke Lord LLP, USAA, White Mountains. The 2020 cohort includes:
- Allganize from Oakland, CA. Allganize’s artificial intelligence (AI) automatically finds the answer to insurance comapanies’ questions from myriads of documents.
- Digisure Insurance Solution from San Francisco, CA. Digisure’s technology platform provides Insurance-as-a-Service to digital platforms that have trust, safety or liability factors. Their APIs provide identity authentication, generates risk profiles for participants, develop risk scoring, a decision engine for underwriting rules and dynamic pricing for individual transactions, delivers protection packages, and handles claims.
- EDLORE from Dana Point, CA. EDLORE is a platform to view 3D images that provides a platform for O&Ms, 3D/AR, part numbers, videos, pictures, animations, etc.
- InvestSure from Johannesburg, South Africa. InvestSure created a world-first insurance product supported by global reinsurer Hannover Re. The product is parametric and protects investors from losses in the share price, which are caused by allegations of management dishonesty (including accounting fraud, bribery, etc.).
- iPill from Los Angeles, CA. The iPill is a digital health, mHealth, and hardware system with an app that controls a secure storage safe disposal dispenser to prevent opioid abuse and diversion.
- Livindi from Wayland, MA. Livindi is a platform of software, sensors, and services that enables seniors to live independently.
- Mitigateway from Toronto, Canada. Mitigateway is applying the specialty insurers model to the commodity insurer market..
- Stable Insurance from New York City. Stable Insurance is a distribution and analytics platform for consumers of commercial auto insurance that focuses on the rideshare and on-demand economy/mobility segment of the commercial auto space.
- TauruSeer from Jacksonville, FL. TauruSeer provides an integrated risk management platform that aligns with modern cybersecurity architecture, their management objectives of Secure DevOps, and next-gen governance to deliver business goals.
- UDoTest from Boston, MA. UDoTest is a B2B at-home disease testing software as a service (SaaS) platform that can detect disease risk early, improve the consumer experience, cut costs, improve the underwriting process, and increase sales.
- Wysa from Bangalore, India. Similar to a journal, Wysa builds insights and shares techniques with its users, providing an early intervention for high-risk populations (students, maternal health, high-stress workplaces) suffering from mental distress.
City of Hartford Mayor Luke Bronin congratulated the startups that participated in Selection Days and described Hartford as a “place with an unbelievable concentration of companies eager to partner and work with innovative companies.” He urged the 11 companies selected to return in February to “take root here and think of Hartford as your home for the long term.” Mayor Bronin noted that insurance industry leaders are partnering across sectors, adding that “our doors are open, and we’re ready to sit down with you at any time.”