Insurtech NY, established in 2019, operates as an accelerator and resource hub for the insurance innovation community in the New York metropolitan area. The organization hosts bi-monthly seminars that facilitate collaboration among carriers, brokers, investors, and Insurtech companies. Its primary goals are to attract talent to the insurance sector, promote innovative regulatory practices, draw Insurtech firms to the New York region, and enhance access to financing for emerging technologies in insurance. By fostering a dynamic ecosystem, Insurtech NY aims to support the growth and development of the insurance technology landscape.
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Warranty Life
Pre Seed Round in 2024
Warranty Life is a company that specializes in product protection technology, focusing on usage-based mobile device insurance. Its innovative platform provides continuous coverage for devices, allowing consumers to manage and protect their purchases effectively over time. The technology enables post-purchase extended warranty offers, ensuring that customers can maintain protection seamlessly from one device to another each year. By empowering users to take control of their product protection, Warranty Life enhances the overall consumer experience in managing warranties and insurance for their devices.
Sitata
Pre Seed Round in 2024
Sitata Inc. is a technology provider based in Kitchener, Canada, with an additional office in Sydney, Australia, specializing in travel health and safety services. Founded in 2012, the company utilizes artificial intelligence and machine learning to monitor news and social media for potential travel disruptions, such as disease outbreaks, civil unrest, or transportation strikes. The platform offers location-based health and emergency information, delivering real-time alerts and safety check-ins to travelers. Sitata's services also include personalized travel assistance, enabling users to find hospitals, connect with doctors, and share their safety status with friends or family. The company has positioned itself as a leader in travel safety, offering its technology through both online and mobile applications, and provides a white-label solution for travel insurers, credit card providers, airlines, and travel management companies.
Wuuii
Pre Seed Round in 2024
Wuuii is a Software Development company.
RIC
Pre Seed Round in 2024
RIC is a digital insurance agency that focuses on providing affordable flood solutions by monitoring weather conditions. The platform is designed to help individuals insure their belongings against flood-related damages. In the event of heavy rainfall and resultant property damage, RIC offers immediate payment and bill reimbursement, making the process of securing insurance straightforward and efficient for users. By leveraging real-time weather data, RIC aims to protect its clients from the financial burdens associated with flooding.
Nivel Insurance
Pre Seed Round in 2024
Tech-enabled insurance platform for private hire and rideshare drivers.
ReLease
Pre Seed Round in 2024
ReLease develops a software-enabled insurance platform designed to provide tenants with flexible leasing terms through insurance-backed financial guarantee programs. These programs offer tenants flexible terms for standard leases, giving them the ability to terminate or adjust leases early without penalty while covering outstanding lease obligations and fees for lessors. The ReLease platform distributes coverage by partnering with property owners and operators to embed coverage into their leasing processes.
RiskQ
Pre Seed Round in 2024
RiskQ is a developer of a cyber risk quantification platform that leverages artificial intelligence to automate cyber risk assessments and enhance regulatory compliance. The platform provides businesses with insights into their cyber vulnerabilities through advanced analytics and business intelligence, facilitating effective ransomware strategies and prioritizing remediation efforts. By improving cyber resilience, RiskQ enables its clients, including cyber insurance firms, to significantly cut costs, enhance profitability, and reduce potential fines associated with non-compliance. The use of RiskQ's solutions can lead to substantial improvements in cybersecurity compliance and financial outcomes, ultimately contributing to the overall profitability of organizations in the cyber insurance sector.
ZenHedge
Pre Seed Round in 2024
ZenHedge provides financial risk management solutions for shippers and carriers. The company focuses on mitigating tender rejection risks, routing guide failures, and the impact of truckload freight rates. ZenHedge offers fintech-based insurance solutions to protect shippers and ensure smooth operations. The company aims to simplify risk management with easy-to-use and enduring value solutions.
QuickFacts
Seed Round in 2024
QuickFacts is a software platform designed to enhance the operations and efficiencies of insurance brokerages. By providing a single search-engine interface, the platform organizes personal lines information in accordance with brokerage agreements with insurance carriers. This functionality allows teams to easily access and compare insurance carriers, thereby reducing search time and facilitating smooth operational workflows across different departments. Additionally, QuickFacts aims to minimize errors and omissions in insurance claims, ultimately improving productivity and streamlining training for staff within the brokerages.
DLT Alert
Pre Seed Round in 2024
DLT Alert offers embedded warranty protection from ransomware and cyber-attacks.
Sertis
Seed Round in 2024
Sertis is an insurance company that specializes in providing property and casualty insurance for multifamily operators. As a modern Managing General Agency (MGA), Sertis offers a range of coverage options, including property insurance, general liability insurance, and equipment breakdown insurance. Operating in 16 states, Sertis aims to deliver comprehensive insurance solutions at competitive rates, enhancing customer service and support for owner and professionally managed multifamily properties.
BirdsEyeView
Seed Round in 2023
BirdsEyeView is a London-based InsurTech venture functioning as a Managing General Agent. The company addresses the growing challenges posed by climate change, particularly the increasing frequency and severity of natural disasters. By utilizing advanced aerial intelligence, BirdsEyeView simplifies the collection and analysis of geospatial data. It leverages meteorological information from satellites, ground stations, and IoT devices to develop innovative parametric insurance solutions for climate-related risks. Their proprietary rating engine enables precise pricing of insurance at the individual farm level, allowing agricultural insurers to make informed decisions more rapidly.
SPIB Insurance Agency
Pre Seed Round in 2023
SPIB Insurance Agency provides insurance solutions for businesses
Flora
Pre Seed Round in 2023
Flora Fertility is dedicated to empowering the next generation of parents by putting the control of reproductive health outcomes back where they belongs—in your hands. It aims to revolutionize how women's health and family building are approached, making fertility care more accessible, transparent, and personalized. By reimagining the financial and medical aspects of family planning, we help you navigate the journey to parenthood with greater confidence, ease, and support, ensuring that your fertility choices align with your personal goals and circumstances.
Green Shield Risk Solutions
Pre Seed Round in 2023
Green Shield Risk Solutions provides a risk management platform that connects prevention, mitigation, and insurance services for property owners and their brokers. The company focuses on disaster-prone buildings, offering advanced risk reduction techniques to help mitigate losses from climate-related threats such as wildfires and hurricanes. By incorporating catastrophe modeling and sophisticated mitigation strategies, Green Shield aims to effectively reduce the loss exposure associated with these environmental challenges.
Hammurabi
Pre Seed Round in 2023
Hammurabi develops technology to provide insurance services. It predicts health risks and uses conversation tools on dealing with clients. Hammurabi is based in California, USA.
Jove
Pre Seed Round in 2023
Jove Insurance specializes in providing tailored business insurance solutions for contractors, consultants, advisors, and small to medium enterprises. The company's offerings are designed to protect businesses from compensation claims related to bodily injury, property damage, and financial loss when interacting with clients, contractors, or the public. In addition to traditional coverage, Jove Insurance has developed an innovative platform that automates the application of insurance for corporations, ensuring that liability, motor, and health coverage are accurately applied on a project-by-project basis. This system enables businesses to quickly identify under-insured workers and maintain compliance with insurance requirements. Legal support is also part of Jove's services, assisting clients in defending against claims.
Agtools
Seed Round in 2023
Agtools Inc. operates a digital platform that delivers real-time market intelligence for more than 500 commodities, primarily within the food supply chain. Founded in 2017 and based in Orange, California, the company offers web-based solutions that assist farmers, processors, distributors, and financial institutions in making informed decisions related to sourcing, selling, and hedging. Utilizing proprietary technology and artificial intelligence, Agtools provides reliable and concise data on various factors, including water usage, labor, carbon emissions, pricing, and market trends. The platform aggregates data from various sources, such as government agencies and research institutions, and has amassed over 11 billion records to support its clients, which include supermarket sourcing desks and farm cooperatives. By enabling timely decision-making, Agtools aims to reduce waste in the food supply chain and enhance profitability for its users.
StartSure
Seed Round in 2023
StartSure is a software platform that focuses on simplifying the acquisition of business insurance for small businesses, startups, entrepreneurs, and independent contractors. By streamlining the process of obtaining, reviewing, and purchasing comprehensive insurance, the platform allows users to receive tailored quotes with minimal effort. StartSure aims to provide affordable insurance plans that meet the specific needs of its clients, thereby making it easier for them to secure the coverage necessary to protect their businesses.
Batteryze
Pre Seed Round in 2023
Batteryze is an AI-driven platform specializing in battery health diagnostics and analytics. The company provides tools for monitoring battery circularity and evaluating the impact of aging on battery performance. Its software is designed to manage battery risks throughout their lifecycle, focusing on the viability of second-life batteries. By tracking the state of health of batteries, Batteryze enables businesses to optimize asset monetization and improve decision-making related to battery usage and management.
Otonomi
Seed Round in 2023
Otonomi operates a blockchain-enabled parametric platform that revolutionizes cargo insurance by converting traditional policies into efficient digital products. This innovative platform utilizes proprietary technologies such as data-activated triggers, smart contracts, and integrated digital wallets to significantly enhance the insurance process. Otonomi reduces claim resolution times from 45 days to just 45 minutes and lowers administrative costs by 75%. Additionally, its dynamic pricing and advanced risk scenario capabilities open new market opportunities while maximizing profitability. By improving the speed and transparency of the insurance claim process, Otonomi fosters greater trust among clients and helps insurance companies increase sales.
LossPay
Pre Seed Round in 2023
Insurtech MGA providing diminished value insurance for vehicles valued at $50K and higher.
Anansi
Seed Round in 2023
Anansi operates an embedded goods-in-transit insurance platform tailored for distribution partners and e-commerce merchants. The platform integrates via an embedded API, allowing third-party logistics providers, shipping platforms, and online retailers to offer insurance directly to their customers within their own systems. It stands out in the $33 billion market by providing features such as one-click signup, no administrative burdens, and automated claims and payouts triggered by parcel loss or delays. Founded by Megan Bingham-Walker and Ana Martins de Carvalho, Anansi addresses the challenges of traditional insurance processes, including complicated onboarding and unclear pricing. As an Appointed Representative of Resolution Underwriting Partnership Limited, the company has raised £1.5 million in pre-seed funding, aiming to deliver efficient and transparent goods-in-transit insurance solutions for e-commerce businesses.
Quantee
Seed Round in 2023
Quantee is a provider of ActuAI, a software-as-a-service platform tailored for the insurance and reinsurance sectors. This innovative platform leverages artificial intelligence to enhance actuarial processes, allowing companies to build and manage competitive pricing models significantly faster than traditional methods. By utilizing automated machine learning algorithms, Quantee's solution streamlines workflow, reduces operational costs, and saves substantial time for actuarial teams. Through user-friendly and flexible features, ActuAI empowers insurance companies to adapt quickly to market demands and improve their overall pricing strategies.
Kayna
Pre Seed Round in 2023
Kayna is an insurance distribution company that specializes in embedded insurance solutions for carriers and brokers. By integrating their platform with vertical SaaS applications, Kayna enables the seamless embedding of insurance products into various business models. The company's technology leverages business data to accurately price risk and update policies in real-time, ensuring that clients maintain appropriate coverage. This approach not only enhances the value offered to customers but also allows businesses to generate additional revenue through insurance services.
Chaiz
Pre Seed Round in 2023
Chaiz operates as an online marketplace specializing in extended car warranties, addressing the financial burden of car repairs for many Americans. With a significant portion of the population unable to cover unexpected repair costs, extended warranties become essential for vehicle owners. Traditionally, these warranties were available only through call centers or in-person transactions, often at inflated prices due to middlemen involvement. Chaiz revolutionizes this process by allowing consumers to purchase warranties directly from protection providers through a streamlined digital platform. This not only enhances the shopping experience but also reduces costs by approximately 40%, making extended warranties more accessible and affordable for car owners.
Fenris Digital
Venture Round in 2023
Fenris Digital is a technology company based in Glen Allen, Virginia, that focuses on enhancing the customer acquisition and retention processes for property and casualty insurers. Founded in 2016, Fenris offers a cloud-based platform that integrates a suite of APIs designed to streamline workflows and improve underwriting efficiency. Their solutions include a proprietary data repository that matches applicants to in-house records and enriches data to assess customer propensity and credit risk. The company’s machine learning analytics engine refines predictive scoring, facilitating quicker and more accurate quoting processes. Fenris also provides TouchQuote, a mobile-first quoting platform, enabling insurers to deliver a seamless customer experience akin to leading e-commerce platforms. With coverage of 95% of the U.S. population and extensive data on households and businesses, Fenris empowers its clients, including agencies and carriers, to enhance conversion rates and optimize their marketing efforts.
Eleos
Pre Seed Round in 2023
Eleos is an insurance firm that focuses on digitizing the insurance process to enhance accessibility and efficiency. The company partners with consumer brands to seamlessly integrate income protection and life insurance into their online platforms. By offering instant life and health insurance without the need for health checkups, Eleos aims to provide individuals with essential financial security in the event of illness or death. This innovative approach facilitates a more streamlined experience for users seeking insurance coverage.
Boardwalk Insurance
Pre Seed Round in 2022
Boardwalk Insurance offers agents superior services and advices to businesses.
Sola
Seed Round in 2022
Sola is a natural disaster insurance company building and offering more affordable property insurance policies driven by data.
Gigaforce
Seed Round in 2022
Gigaforce is a software company that offers a patent-pending Software as a Service (SaaS) platform aimed at streamlining complex subrogation and recovery claims in the insurance industry. The platform utilizes artificial intelligence-driven predictive models alongside specialized expertise to enhance the efficiency of subrogation, recovery, and salvage processes. It serves a range of stakeholders within the insurance ecosystem, including insurers, law firms, and third-party adjusters, facilitating secure financial transaction sharing among all authorized participants.
Quantumerge
Pre Seed Round in 2022
Quantumerge is a transactional and R&W insurance service company. Quantumerge is an insurance company offering representations and warranties insurance for small technology acquisitions.
Lynxight
Series A in 2022
Lynxight specializes in developing computer vision applications for underwater operations, utilizing advanced AI technology to enhance safety and operational efficiency across various industries such as aquaculture, energy, maritime security, and infrastructure. The company's platform features a range of applications that focus on object detection, behavior analysis, action classification, and anomaly prediction, effectively managing safety risks and improving performance. Lynxight's technology is hardware agnostic, allowing for versatile deployment in diverse environments, whether above or below water. By employing standard overhead cameras equipped with deep learning algorithms, Lynxight provides proactive solutions for monitoring swimmer behavior and optimizing resources in aquatic venues.
Atidot
Non Equity Assistance in 2022
Atidot is a technology company that provides a cloud-based platform designed to assist life and annuity insurers in optimizing their business operations. Founded in 2016 in Ramat Gan, Tel Aviv, by Dror Katzav, Barak Bercovitz, and Assaf Mizan, Atidot leverages artificial intelligence, machine learning, and predictive analytics to deliver data-driven insights. The platform allows insurers to transform complex models into actionable strategies, helping them identify new audiences, experiment with product offerings, drive growth, and improve capital management. By enabling precise client targeting and risk assessment, Atidot empowers insurers to make informed business decisions and develop new revenue streams.
Zenployers
Pre Seed Round in 2022
Zenployers specializes in developing insurtech programs that focus on worker's compensation management.
SingleKey
Funding Round in 2022
SingleKey is a company that specializes in simplifying the residential leasing process for landlords. It offers a comprehensive suite of services designed to assist landlords in selecting suitable tenants, including tenant screening and background checks. Additionally, SingleKey provides rental property damage protection and guarantees rental income in the event of tenant default. By addressing the challenges associated with renting, SingleKey aims to help landlords protect their income and effectively manage the risks involved in property leasing.
Pablow
Pre Seed Round in 2022
Pablow Inc. is an online platform that connects global travel retailers and system providers to facilitate the sale of targeted travel insurance at the point of sale. Established in 2015 and based in Des Moines, Iowa, Pablow operates as an on-demand mobility insurance broker licensed across all 50 states. The company's platform is designed to streamline the distribution process of travel insurance, making it more accessible for both travelers and property managers. By utilizing algorithms, Pablow personalizes insurance offerings to meet individual traveler needs, particularly in the car rental and vacation rental markets. This approach not only provides trip cancellation protection for guests but also allows property managers to generate additional revenue through an automated and customizable tool.
Stere.io
Seed Round in 2022
Stere is a digital platform designed to assist businesses in launching, growing, and managing insurance programs. Founded in 2021 and based in Dover, Delaware, the company connects capacity seekers, such as banks and insurance partners, with capacity providers, including carriers and reinsurers. By offering a comprehensive infrastructure, Stere equips businesses with essential tools and services, including digital platforms, data analytics, and access to a network of capacity providers. This enables companies to effectively develop and enhance their insurance offerings.
SureBright
Pre Seed Round in 2022
SureBright is an insurance-as-a-Service platform that facilitates the integration of insurance and warranty products into various websites. By streamlining the merchant setup process and offering efficient management and claims handling, SureBright allows businesses to enhance their service offerings with minimal effort. The platform aims to simplify the last mile of insurance distribution, making it easier for companies to provide their customers with embedded insurance solutions directly on their sites.
SingleKey
Seed Round in 2022
SingleKey is a company that specializes in simplifying the residential leasing process for landlords. It offers a comprehensive suite of services designed to assist landlords in selecting suitable tenants, including tenant screening and background checks. Additionally, SingleKey provides rental property damage protection and guarantees rental income in the event of tenant default. By addressing the challenges associated with renting, SingleKey aims to help landlords protect their income and effectively manage the risks involved in property leasing.
Delos Insurance
Grant in 2021
Delos is a digital property insurance provider for homeowners in catastrophe areas. Insurance is difficult to find in high risk regions; few insurers write in these areas and the ones that do are expensive and slow. One main cause for this problem is low resolution catastrophe models, which have caused regular insurers to pull out of high risk areas. Our team has extensive experience in data science and aerospace engineering and is creating new, higher-resolution catastrophe models. We use these models to create a new home risk rating system. We will also use our models to innovate on product, actively managing our client's risk and helping them prepare for their likely perils.
Tide Foundation
Grant in 2021
Tide is TRUE-zero-trust technology, unlocking cyber-herd immunity – a transformative concept allowing any organization to gain the protection of an infinitely scalable network of organizations to fend against attackers of any scale. Tide's patented technology introduces an entirely new computing capability making it possible to generate, store and operate on a cryptographic key, with a guarantee it can’t ever be accessed, not even by us. Founding team seasoned in cyber-intelligence, deep tech and enterprise software, backed by world-class advisory of veterans from tech, business, politics and cryptography. Winners of Tech 23 2020, InsurTechNY 2021, Hartford InsurTech 2020 and recipients of National Research Council grant.
Loadsure
Grant in 2021
Loadsure operates an insurance platform focused on providing spot freight cargo insurance. The company utilizes cloud-based technology to streamline the entire freight process, including onboarding, risk assessment, underwriting, policy management, payments, and digital claims handling. This comprehensive approach allows brokers, shippers, and carriers to reduce insurance costs per load while significantly speeding up claims settlements from days to hours. By leveraging real-time data and user-friendly technology, Loadsure aims to enhance risk management and deliver transparent, accurately-priced freight insurance.
RemitRix
Grant in 2021
RemitRix, founded in 2017 and headquartered in Ramat Gan, Tel Aviv, develops an actuarial and risk management platform that leverages machine learning to enhance compliance and efficiency for insurance companies. The platform offers a comprehensive tool for managing assets and liabilities, automating complex manual processes, and facilitating seamless collaboration among organizational departments. By utilizing data analytics, RemitRix improves model accuracy and reduces costs, ultimately enabling insurers to make informed predictions about capital and risk. This holistic approach not only accelerates reporting processes but also mitigates required capital, thereby enhancing profitability for its clients.
NeuralMetrics
Angel Round in 2020
NeuralMetrics is an InsurTech data provider that utilizes natural language processing and artificial intelligence to help commercial lines property and casualty insurance companies, as well as banking and financial services firms. The company offers a Software-as-a-Service platform that processes large volumes of unstructured public data to extract valuable insights, thereby improving decision-making and increasing profitability. By streamlining customer acquisition and enhancing onboarding processes, NeuralMetrics elevates the accuracy of risk assessment and redefines the overall customer experience. Its platform integrates curated datasets with existing systems through open APIs, allowing clients to efficiently access and utilize actionable information for better revenue outcomes.
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