InsurTech NY

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.

David Gritz

Co-Founder and Managing Director

Tony Lew

Co-Founder and Managing Director

Sokhiba Mukhitdinova

Principal

Past deals in Property Insurance

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.

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.

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.

Sola

Seed Round in 2022
Sola is a natural disaster insurance company building and offering more affordable property insurance policies driven by data.

Quantumerge

Pre Seed Round in 2022
Quantumerge is a specialized insurance company focusing on transactional and representations & warranties (R&W) insurance for small technology acquisitions. It operates an AI-driven mergers and acquisitions insurance platform, designed to simplify and expedite the insurance placement process for brokers and underwriters. The platform facilitates communication among all parties involved in the transaction, providing tools and resources to make the process efficient and predictable.

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.

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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