InsurTech NY

Tech-enabled insurance platform for private hire and rideshare drivers.

LossPay is an insurtech company that specializes in providing diminished value insurance for high-end vehicles, specifically those valued at $50,000 and above. It operates as a managing general agent (MGA), offering a range of services including diminished value coverage, accelerated total loss, and a vehicle replacement program. These services aim to ensure that car owners are fully compensated for any loss in value following an accident.

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.

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.