InsurTech NY and the Bermuda Business Development Agency launch $200,000 InsurTech competition

Innovation hub InsurTech NY has teamed up with the Bermuda Business Development Agency to launch the 2021 InsurTech Early-Stage Competition where 100 startups can compete for a total of $200,000.

The Bermuda Business Development Agency will also offer the winners a four-night stay in Bermuda, giving startup founders innovating in the InsurTech space an opportunity to mingle with investors and industry stakeholders.

“Finding an initial regulatory sandbox and access to reinsurance partners is one of the biggest challenges for new digital MGAs,” said David Gritz, co-founder of InsurTech NY. “The Bermuda market represents an exceptional opportunity for new InsurTechs and our partnership with the Bermuda Business Development Agency is one example of how we strive to be an international gateway for InsurTechs to find global opportunities for growth.”

Copyright ? 2021 FinTech Global

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