Hartford InsurTech Hub begins Global Search for the best InsurTech Talent to
Join 2020 Accelerator Program in Hartford
After an outstanding second year of Hartford InsurTech Hub’s Accelerator Program, applications for the accelerator program’s third year are now open.
Hartford InsurTech Hub, powered by Startupbootcamp, is a three-month equity free program that offers post-product insurance-focused technology startups the chance to rapidly scale, through impactful collaboration with our impressive network of insurance companies, investors, and industry expert mentors. The selected companies will also receive extensive support and advice from hundreds of entrepreneurs, program alumni, and world-renowned businesses relevant to the insurance industry. We enable 10 InsurTech startups to deliver in three months the same results it would take them 12 to 18 months to achieve on their own.
For the duration of the three-month program, startups will relocate to Hartford, Connecticut, and become an integral part of the City’s rapidly growing innovation and InsurTech ecosystem. Hartford is a world-leading insurance city located on the doorstep of New York and Boston.
We’ve started our international FastTrack tour and are traveling around the world seeking the most forward-thinking entrepreneurs who are changing insurance.
What are we looking for?
We are on the hunt for innovative InsurTech startups with a live product, early customer traction, and a compelling insurance use case. We are looking for insurtech startups that are developing new innovative products that provide incumbents with the opportunity to improve their own business models — such as reducing distribution and claims handling costs — and as a result, establish a firmer grip on the insurance industry’s rapidly changing terrain.
Having gone through The InsurTech Accelerator program last year, several of the startups in our inaugural cohort have begun promising partnerships with large insurance companies, thus demonstrating the increasing InsurTech-Incumbent collaboration trend.
Some of the success stories from our 2 previous cohorts include:
- Aureus Analytics, a customer intelligence and experience company, has secured pilots with several insurers including partners on the program;
- Rozie AI, an AI platform to design personalized customer engagement and robust business intelligence solutions for enterprises, has completed a proof of concept; is working to explore a pilot with a US insurer, and is exploring opportunities within a claims organization.
- Dream Payments, is a powerful cloud platform of configurable tools that automating claims payments through their digital platform, paying customers and vendors quickly and securely.
- Pineapple, Easy, fair, social insurance. Get insured with the snap of a picture, and get your unused premium back at the end of the year.
While some InsurTechs are focusing directly on customer experience, others are looking internally at an insurers’ core processes, such as sales & marketing, underwriting & pricing, customer acquisition & retention, and claims. These startups are identifying gaping holes in the insurance value chain and filling them: many are using emerging technologies in their propositions. Some are focusing on various lines of business, such as agriculture, property, motor, health, life & pension, and liability.
We’re especially on the lookout for talented InsurTech companies that are innovating in the P&C, Commercial and Specialty Lines, Health, Life, Annuities and Retirement spaces. However, any startup across these lines of business or technology types that are shown below are invited to apply to attend a FastTrack event.
International FastTrack Tour: Get Feedback & Connect
There is no sign of InsurTech’s momentum slowing. Insurance is changing, and we’re in the midst of it. If you’re an InsurTech startup looking to grow your business and gain access to a network of expert mentors, investors, and insurers, join us at a FastTrack location listed below!
From July until October, we will be traveling to the top InsurTech ecosystems around the world, supported by industry experts and partners in each city. We aim to support the best talent in InsurTech, provide mentorship, and create connections between startups and mentors, investors, and our corporate partners.
If you want to join us at one of these locations, Apply Here.
What is a FastTrack?
FastTracks are a series of events we host all over the globe. They are an opportunity for the Startupbootcamp team to meet and support the best talent in InsurTech and to connect startups with carefully, hand-picked expert mentors.
Startups who attend our FastTracks present their businesses and then receive invaluable one-to-one feedback and advice from industry experts, mentors, and partners. The startups and mentors create connections and are able to remain in contact long after the event has ended. Startups also learn more about our accelerator program and are able to ask questions and see if it is the right fit for them. See our FastTrack video below for more details.
As well as FastTracks, we also are hosting Office Hour events on the tour. Office Hours consist of one-to-one meetings between the Startupbootcamp team and the startup. They generally take place in person, but interested startups with strong propositions that are unable to attend can meet us virtually.
- Applications Due: October 4th, 2019
- Top 20 Selected Notified By: November 1st, 2019
- Selection Days: November 12th-13th, 2019 (What Are Selection Days?)
- Program Begins: February 17th, 2020 (Journey To Demo Day 2019)
- Demo Day 2020: May 12th, 2020 (Demo Day 2019: AMPLIFY)
If you want to join us on our FastTrack tour, be sure to apply above. We also invite you to apply directly to the accelerator program here.