Announcing Top 23 Startups Invited to Hartford Insurtech Hub Selection Days 2017

It’s the inaugural program year for Hartford InsurTech Hub, and over the last few months, our team has scouted and reviewed over 4,000 startups from 96 different countries and selected the Top 23 startups, which are from 8 different countries. These startups are using emerging technology, including AI, image recognition, IoT, blockchain, big data, and Natural Language Processing, to strengthen the value chain, to improve customer experience, and to change the way insurers work.

These talented entrepreneurs have been invited to our Hartford, Connecticut offices where they will partake in Selection Days, which kick off Wednesday November 29th, and on Thursday, November 30th, we will choose the Top 10 finalists that will take part in our inaugural 2018 cohort.

InsurTech has increasingly garnered interest from investors and insurers over the last 5 years. So far in 2017, we have seen $1.6 billion invested into InsurTech with the U.S. accounting for 50% of transactions1. Furthermore, Property & Casualty transactions comprised 52% of total transactions in Q3 2017, while four of the top six deals involved health insurance focused companies.

While investors keep InsurTech in view, there is also a strong emphasis on partnerships as corporate insurers continue to partner with tech companies to explore themes, including connected cars, alternative distribution, smart home, and other areas. In a similar vein, of our top 23 startups, many are using emerging technology to transform the connected world (home, car, etc.), sharing economy, usage based insurance, data security, cybersecurity, autonomous vehicles, and more.

Source: Quarterly InsurTech Briefing: Q3 2017 – CB Insights and Willis Towers Watson

It is an exciting time for InsurTech, and there is no doubt that insurance is changing, and we can’t wait to see how these companies will contribute to that transformation.

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Meet the Top 23 InsurTech Startups

Aureus Analytics
Location: India

Websitewww.aureusanalytics.com

Description: Aureus is a customer intelligence & experience company that enables insurers to deliver superior customer experience leading to greater customer retention, loyalty, and lifetime value. They do this by leveraging Artificial Intelligence & Machine Learning technologies, and delivering actionable insights at the point of decision.

Boundlss
 

 

Location: Australia

Website: www.boundlss.com

Description:  Boundlss is an analytics platform that analyzes data from wearable devices / apps to provide powerful performance insights based on Artificial Intelligence.

byteRyde
Location: USA

Website: www.byteryde.com

Description:  byteRyde (formerly Rensix Inc) is a new way to make sure customers always pay the lowest possible rates on their vehicle insurance. byteRyde leverages the data connected vehicles collect to demonstrate to insurers a customer’s unique and actual driving behavior and then collects and compares quotes from those insurers.

Click2Sure
Location: South Africa

Website: www.click2sure.co.za

Description:  Click2Sure is a full-stack digital insurance platform which enables retailers, service providers, distributors and brokers to bolt on a selection of over 20 custom developed insurance products, at the point of sale.

Fenris Digital
 

 

Location: USA

Website: www.fenrisdigital.com

Description: Fenris reinvents the quoting process for global P&C insurance. Using its secure cloud-based platform, insurers leverage quality data enrichment, Fenris’ intelligent AI-based Analytics Engine, and proprietary scoring for streamlined, accurate underwriting results.

Flyzen
 

 

Location: Israel

Website: www.flyzen.co

Description:  Flyzen provides real time flight monitoring, giving customers compensation for delayed flights from 1 hour onwards. They offer services such as lounge access and information on the next available flight.

HeartIn
Location: USA

Website: www.heartin.net

Description: HeartIn offers a cardio-diagnostic garment to monitor electrocardiogram in real time. The garment has the device attached, which is connected to a mobile app to make sports exercises more effective and monitor cardiac abnormalities for early heart disease detection.

Hindsait
 

 

Location: USA

Website: www.hindsait.com

Description: Hindsait’s SaaS platform applies artificial intelligence to large healthcare datasets, helping payers and providers improve patient health at a much lower cost.

iBleat
 

 

Location: South Africa

Website: www.ibleat.com

Description:  iBleat has created a mobile app to connect every customer with any business worldwide easily and effectively via its own app (rather than company-specific apps). iBleat boasts a well-structured and complete interface to ensure all information is gathered from the customer at first contact.

InsureScan
 

 

Location: USA

Website: www.insurescan.net

Description:  InsureScan is a patented smart phone app for auto insurance that streamlines and simplifies the buying, policy servicing and claims submission process for consumers, using patented mobile technology.

Pentation Analytics
 

 

Location: India

Website: www.pentationanalytics.com

Description: Pentation Analytics provides state-of-the art analytics applications for the Insurance Industry, centering around its analytical product – Insurance Analytics Suite.

RozieAI
 

 

Location: USA

Website: www.rozie.ai

Description: RozieAI delivers Natural Language Understanding and Deep Learning analytics to guide customer engagement to deliver real-time and historical visibility into social communications: topics of discussion and their trends, stakeholders and their interests, as well as sentiment.

Securehome
 

 

Location: USA

Website: www.securehome.io

Description: SecureHome is a Smart Home cyber security network system. Customers get peace of mind that all their devices are not behaving in a way that invades their privacy, causes financial damage, or impacts their safety. SecureHome leverages an enterprise grade intrusion detection system, behavior analytics, and machine learning to guard against smart home threats.  

Smart Home Insurance Cloud (S.H.I.C.)
 

 

Location: Russia

Website: www.smarthomeinsurance.net

Description:  SmartHome is multi-platform network which serves the insurance industry. The participating Smarthome devices / Smarthome Hubs connect to the SmartHome Insurance Cloud and share some of the data. The insurance providers connect to the same cloud and use it for the optimization of their business.

StaTwig
 

 

Location: Singapore

Website: www.statwig.com

Description: StaTwig is responsible for creating an innovative solution that uses Internet-of-Things (IoT) and blockchain technology to provide real-time, tamper-proof, end-to-end tracking that identifies problems and inefficiencies in any supply chain

Switch Benefits
 

 

Location: USA

Website: www.switchbenefits.com

Description:  Switch Benefits provides an online platform to provide employee work benefits to freelancing and independent workers.

TeleLingo
 

 

Location: USA

Website: lingofit.telelingo.com

Description:  TeleLingo is a startup with the ambitious goal to save lives of drivers by observing and modeling their attention to prevent accidents caused by distraction and drowsiness. TeleLingo has developed LingoFit, the first Digital Assistant with Copilot expertise powered by Machine Vision and Artificial Intelligence.

Truedime
 

 

Location: USA

Website: join.truedime.com

Description: Truedime is a P2P health insurance platform for international students.

Ubios
 

 

Location: Canada

Website: www.ubios.co

Description:  Ubios helps landlords prevent water damage, save energy, and save on insurance by leveraging Big Data, Internet of Things and motion detection technology. They’ve developed a smart water valve, which is combined with a proprietary smart wall unit to detect when tenants are away and automatically shut the water to prevent 80% of water leaks.

ViewSpection
 

 

Location: USA

Website: www.viewspection.com

Description:  ViewSpection is a DIY loss control platform that provides inspections and connections to the carrier directly from the policyholder.

Vijilent
 

 

Location: USA

Website: www.vijilent.com

Description:  Vijilent uses social media mining and data analytics to provide a summary of an individual. It supports legal teams with social searching and psycholinguistic analysis and filters data by machine learning and natural language processing.

WREK
 

 

Location: USA

Website: WREKapp.com

Description:  WREK is a smartphone-based safety app for drivers. It allows the users to turn their smartphones into a dash cam with GPS positioning and automatic data recording features. This allows them to document the accidents accurately and create a full report in a single file.

Yaxa
 

 

Location: USA

Website: www.yaxa.io

Description: Real-time insider threat protection. Yaxa focuses on building behavioral models by learning the user’s own access patterns continuously, and comparing the ongoing user sessions in real-time with the continuously updated models in order to detect deviations.

 

After five months of scouting and over 200 hours of in-depth conversations, we are ready to meet our cohort!

Follow us throughout the next couple of days on Twitter @HartfordInsHub

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1 CB Insights Quarterly InsurTech Briefing: Q3 2017 with Willis Towers Watson