Demo Day spells success for startups

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Insurance

Hartford InsurTech Hub is celebrating success, as three of the 10 startups graduating from its three-month accelerator programme, which began in February, have secured pilots with some of the hub’s core partners at its Demo Day.

Hartford InsurTech Hub’s Demo Day took place at the Bushnell Performing Arts Center in Connecticut, US, on 26 April, during which the 10 startups showcased a range of health, life and property and casualty insurance technologies. The event hosted over 500 attendees, in addition to the 600+ viewers of the event’s livestream.

Startupbootcamp InsurTech, which powers Hartford InsurTech Hub, explained that the 10 companies – Pineapple, handdii, Dream Payments, Pitch Gauge, Medyear, SkyWatch, Talem Health Analytics, See Your Box, ClaimSpace and CareValidate – were ‘whittled down from an initial 1,000 applicants’, and originate in various corners of the world: one from Switzerland, two from Australia, one from South Africa, one from Israel, two from Canada, and three from the US.

“Insurtech is emerging as a category in its own right, with over $20 billion of investment received by startups serving the sector since 2015,” said Sabine VanderLinden, CEO of Startupbootcamp InsurTech and partner at Rainmaking. “While we are at the very beginning of our journey, identifying those disruptive innovations that will affect the insurance sector forever, we need to be mindful that to do so we need to create innovation centres and hubs that welcome unique, innovative minds, talent and expertise.”

“Let’s build Hartford as a global insurtech capital where young ventures directly engage with the rich local ecosystem of insurers, adjacent market players, new entrants, local communities, city representatives, the governor and the regulator to create differentiated capabilities that leverage Connecticut and Hartford’s strengths,” she concluded.