Coinnect selected for Plug and Play Insurtech Innovation Program

Coinnect, a cyber insurtech company, has announced it has been selected to participate in the Plug and Play Batch 10 Insurtech Innovation Program.

The company was chosen from a pool of over 500 startups from across the world and is one of 15 chosen to participate in the programme.

Plug and Play is an innovation platform that offers startups access to a vast network of corporations, investors, and mentors. The accelerator program is highly selective, with only the most promising and innovative startups chosen to participate. Coinnect’s inclusion in the programme is a significant recognition of the company’s cyber insurtech solutions, commitment to innovation, and dedication to growth.

Coinnect is the only cyber insurtech selected for the programme.

The cyber insurance market has seen significant growth over the past few years, and this trend is expected to continue. The rise in cyber threats has increased demand for insurance products that provide coverage against cyber attacks, data breaches, and other digital risks. According to a report by Allied Market Research, the global cyber insurance market is expected to reach $28.6 billion by 2026, growing at a CAGR of 28.3 per cent from 2019 to 2026.

“We are thrilled to be selected for the Batch 10 Plug and Play Insurtech Innovation Program,” said Massimiliano Rijllo, Co-founder and CEO of Coinnect. “This is a tremendous recognition of the hard work, dedication, and innovative ideas that our team has brought to the field of cyber security and insurtech. We are excited about the opportunity to collaborate with Plug and Play partners and look forward to taking our company to new heights.”