Hartford, Conn., Jan. 23, 2018 – Hartford InsurTech Hub, powered by Startupbootcamp, announces a new partnership with Crawford & Company, the world’s largest publicly listed independent provider of claims management solutions to insurance companies and self-insured entities. The partnership was formed through Crawford Innovative Ventures, LLC, an entity created by Crawford & Company in 2016 to invest in strategic acquisitions and partnerships. By joining Hartford InsurTech Hub, Crawford & Company hopes to bring more innovation to the industry; find new ways to service clients more efficiently; and create more value for claimants through innovative solutions.
Efficient claims management is vital to the success of both large and small companies working within the insurance industry. Driving efficiencies in the claims process, mitigating leakage, and maximizing quality of policyholder experience are critical to the claims function. Crawford & Company will add extensive claims expertise to assist startups in the acceleration process.
The announcement comes as the InsurTech program recently welcomed the first group of startups in Hartford, with 10 teams from five countries: Australia, Canada, India, Singapore, and the United States. The 2018 cohort provides a range of insurance solutions using Artificial Intelligence (AI), Big Data Analytics, and Natural Language Processing combined with Cyber Security, Smart Home, and Health Insurance.
Sabine VanderLinden, CEO, Startupbootcamp InsurTech says: “We are thrilled to welcome Crawford & Company as one of our program partners. InsurTech startups are keen to engage with experts from across the insurance sector to help them refine their propositions and implement cutting edge projects. We look forward to collaborating with the team at Crawford & Company and tapping into their claims management knowledge.”
Greta Van, Chief Strategy Officer, Crawford & Company, says: “Crawford’s purpose is to enhance and restore lives, businesses and communities. Building intelligent solutions delivered by thoughtful people is at the heart of how Crawford wants to serve its clients. Technology is the most critical enabler for these intelligent solutions, and we are committed to being at the cutting edge of enabling technology in the insurance industry. The partnership with the InsurTech Accelerator program is a great opportunity to add to our entrepreneurial culture, and we look forward to working with the Startupbootcamp team and all the startups.”
Erika Bothma, Program Director, Hartford InsurTech Hub adds: “Our new collaboration with Crawford & Company will add claims management capabilities to our roster of partner expertise. We’re very excited to start working with the team at Crawford.”
Crawford & Company joins the list of esteemed insurance players partnered with Hartford InsurTech Hub: Cigna, The Hartford, Travelers, USAA, White Mountains and CTNext.
For more information about Hartford InsurTech Hub and the startups in the program, visit: https://hartfordinsurtechhub.com/
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About Hartford InsurTech Hub
The InsurTech Accelerator, powered by Startupbootcamp, is the first component of Hartford InsurTech Hub, an initiative established in 2017 by Hartford insurance companies, the City of Hartford, and CTNext. Focused on addressing the need for attracting new technologies and talent in insurance and technology into the City of Hartford and the local ecosystem, the program partners include Cigna, The Hartford, Travelers, CTNext, USAA and White Mountains. It will stretch its reach to other cities in Connecticut to create a thriving spirit of collaboration and innovation between its partners, entrepreneurs and investors, while leveraging Startupbootcamp’s global network of capabilities and a structured delivery approach. For more information, visit: https://hartfordinsurtechhub.com/
Hartford InsurTech Hub is part of Startupbootcamp, the award-winning global network of industry-focused accelerator programs, and home of Startupbootcamp InsurTech London. With 20+ programs in Europe, Asia, North & South America, MENA & Africa, selected startups gain access to the most relevant mentors, partners, and investors in their industry. For more information visit: https://www.startupbootcamp.org/
About Crawford & Company
Based in Atlanta, Crawford & Company (NYSE: CRD‐A and CRD‐B) is the world’s largest publicly listed independent provider of claims management solutions to insurance companies and self‐insured entities with an expansive global network serving clients in more than 70 countries. The company’s two classes of stock are substantially identical, except with respect to voting rights and the company’s ability to pay greater cash dividends on the non-voting Class A Common Stock (CRD-A) than on the voting Class B Common Stock (CRD-B), subject to certain limitations. In addition, with respect to mergers or similar transactions, holders of CRD-A must receive the same type and amount of consideration as holders of CRD-B, unless different consideration is approved by the holders of 75% of CRD-A, voting as a class. More information is available at www.crawfordandcompany.com.