InsurTech NY opens application process for next accelerator

InsurTech NY has opened the application window for its new InsurTech accelerator programme, which will focus on growth-stage startup.

The application window will be open from July 21 to August 17 and is open to any growth-stage startup that has existing customers and is in a funding stage from seed to Series B. InsurTechs from around the world can apply.

InsurTech NY managing director David Gritz said, “The InsurTech NY accelerator will focus on the critical moment in time for startups when they are crossing the chasm.

“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.”

There will be over 15 carriers and broker members in the programme, 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 12 days over a six week period.

InsurTech NY will focus on three areas, market traction, talent acquisition and raising funds.

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

Copyright © 2020 FinTech Global

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