Plug and Play Insurance Unveils First Startup Batch
The 12-week program connects startups to some of world's largest insurance corporations. The official partners include Admiral Group, Aviva, Compare.com,
Plug and Play's venture arm initially looked at over 800 startups and narrowed that list down in collaboration with participating corporate partners. The remaining 33 startups attended Selection Day where they pitched their ideas in-person. Out of those finalists, 23 have been hand-picked to join the program for business development and the possibility of pilots, POCs, or strategic funding.
"Munich Re is proud to be the founding partner that helped create the first, highly successful insurance innovation platform in
"Starting a program with 23 of the best Insurtech startups changing the industry is a great step forward for our innovation strategy," says
Batch One includes the following startups:
BetterView provides insurance companies with robust building and property data, powered by drones.
ClientDesk is a white-labelled consumer facing platform that helps agencies, agency-based insurers, and direct writers digitize their client experience and internal operations using web and mobile technologies.
Cover is a mobile insurance application that takes in a verified ID and a picture of property to bind insurance. They receive requests for car, home, jewelry, electronics, and pet coverage from throughout the US and
Cytora generates loss data from unstructured web text to help companies identify, quantify and price risk. Their data enables insurers to improve risk selection and pricing at the point of underwriting across perils such as supply chain disruption, fire and data breach.
DigitalGenius Human+AI™ Customer Service Platform brings practical applications of deep learning and artificial intelligence into customer service operations of leading companies.
Driveway smartphone telematics helps ordinary drivers become safer drivers and helps insurers find and reward them.
Dropin is On-Demand Live Video Platform for Policy Underwriting, Claims, and Retention.
Enigma lets you process and draw insights from encrypted data without decrypting it, by leveraging blockchain technology and other cryptographic techniques.
Inbenta is an AI-powered intelligent search and chat for omnichannel support and eCommerce.
Isaac Re is a marketplace for for insurance risks. These risks are uncorrelated with other financial markets, and offer superior risk-adjusted returns.
Livegenic is a real-time video platform for insurance that connects every part of the claims ecosystem to streamline loss documentation from the field.
NAUTO is an autonomous vehicle system -- uses hardware, a smart cloud and network to give insurers a true view of every driver: saving time and money while empowering insurers to develop enhanced services for long-lasting customer relationships.
Omniscience provides underwriting automation and risk intelligence via distribution of complex machine learning algorithms and alternate data sources.
Rainvow builds and maintains a contract on the Ethereum blockchain to power parametric insurance for underwriters.
RiskGenius helps insurance professionals review policies faster with machine learning.
splitsecnd is a simple vehicle plug-in that combines two-way emergency communication, crash response and GPS capabilities into one compact device, designed to work in any vehicle no matter the make, model or year.
Sureify's Lifetime Platform gives insurance companies powerful digital engagement tools needed to transform the insurer-policyholder relationship and usher in insurance 2.0.
Vivametrica's predictive wearable data analytics provides personalized health risk assessments for insurance underwriting, organizational wellness and precision health management.
Get tickets to see these startups at Plug and Play's first Insurance EXPO on
About Plug and Play Tech Center
Plug and Play Tech Center is one of leading innovation platforms in the world. Since inception in 2006, our programs has expanded worldwide to include entrepreneurs from 24 countries, providing necessary resources to succeed in
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SOURCE Plug and Play Tech Center
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