The 17 InsurTechs to make Plug and Play Japan’s new accelerator programme

Plug and Play Japan KK has selected 94 startups to take part in its next six accelerator programmes.

The Winter/Spring 2020 programmes are split between six verticals, InsurTech, FinTech, mobility, brand and retail, IoT, and hardtech and healthtech.

Of the companies to make the latest batch of cohorts, 52% are from Japan.

The InsurTech cohort is comprised of 17 startups, of which, 11 are based in Japan, four in the US, one in France and one in the UK.

Eight of the Japanese startups in the InsurTech accelerator are based in Tokyo. Coreconcier, a smartphone-based app aimed at providing services to all generations, is one of these startups. The company is setup as a concierge app which helps consumers make the most of internet services.

Another Tokyo-based startup is Cosolab, a startup which helps parents and their children do more together. The platform helps to find events aimed towards children within the area and share information with others about events. The platform is also building a breast milk flora self-check service which will help users see the condition of the milk and what steps can be taken to improve it.

DUMSCO helps businesses measure individual productivity by analysing personal data and collating this into a single location for easy monitoring. The company also offers a stress scan which can see how employees are coping by using heart rate variability analysis to see how they handle their day. It can conduct this analysis by using biometric information when using smartphones.

emol is another Tokyo-based InsurTech startup. The business offers an AI-powered mobile app which helps to understand a user’s true feelings. The app records emotions and provides a place for a person to vent or open-up and receive personalized support.

IB is an insurance app which not only helps consumers better understand their insurance policies but if they can make claims. Through the platform, a user can manage their various insurance protections and can see which policy they can make claims through.

Another Tokyo-based startup is Kimamani, a barometer which keeps track of the moods of users and access analysis to get a better understanding of what is impacting how they feel.

Linc’well is a healthcare startup founded in 2018 to help hospitals improve their operations. Its software empowers healthcare providers make reservations, take calls, accept payments and manage electronic medical files.

The final Tokyo-based company is Meetscare, a consultation company helps families to find the best nursing care.

One of the Japanese startups in the InsurTech cohort is from Kyoto, KyoDiagnostics. The startup is conducting research on cancer diagnosis.

Axion Research is one of the Japan-based companies in the cohort that is not in Tokyo. The startup is based in Ibaraki and offers scientific research to help build new biotechnology solutions.

The final Japanese startup in the cohort is Chiba-based pickupon, which records communications and eases the sharing of information from it. Telephone recording and texts are summarized so a client can decide whether the call was important. Furthermore, the AI can pinpoint each customer’s needs and issues, whether they are angry and anything else of note.

Two of the four US companies to make the list were from California. The first of these is Optimity, a SaaS loyalty programme for insurance carriers helping them to cross-sell and upsell product offerings. The customisable solution gathers policyholder data to improve analytics and bolster lead-scoring. It also helps policyholders to improve their health with personalized coaching on healthy habits.

The other Californian startup is Sensely, a chatbot-based platform which assists insurance plan members and patients with the insurance services and healthcare resources they need. Users can communicate with the app to get personalised support for their insurance needs.

One of the US-based cohort members is from New York. Kudo streams real-time interpretation for web meetings and live conferences so everyone can speak in their native tongue.

CarePredict is the final US startup and resides in Florida. The company is a data analytics solution that can predict health declines in seniors before any clinical diagnosis. Care homes can use the technology to help identify subtle changes in health which could go unnoticed by staff or families. It uses remote sensing technology and machine learning to observe behaviour patterns of the residents and detect any wellness issues, such as depression.

The French company making Plug and Play’s new InsurTech batch is Diabnext Sas. Based in Paris, the startup is designed to help prevent and manage diabetes. The company offers various devices which can automatically record insulin units and blood glucose levels and put this into a logbook.

Finally, the UK-based cohort member is HealthyHealth, a digital health assessment service. Clients can use the solution to compare their customer data with over 800 medical conditions and use them to create an individualised prevention programme.

The previous Plug and Play Japan accelerator programme supported 69 startups.

Copyright © 2019 FinTech Global

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