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28
Nov

The 11 startups picked for the Hartford InsurTech Hub’s latest batch

Hartford InsurTech Hub, which is powered by Startupbootcamp, has revealed the 11 startups to make its newest cohort, making it its largest one to date.

The previous two cohorts both comprised of ten companies each.

There were 350 applications in total, spread across 57 countries. Of the 11 finalists, eight are from the US, and one from each South Africa, Canada and India. In February, each of the businesses will more to Hartford for the three-month programme.

Startups in the cohort will participate in various workshops which range from marketing to IP law and through to business development. Additionally, there will be introductions to industry leaders and investors and access to Hartford InsurTech’s global network of partners, mentors and investors.

The 11 companies will also work closely with insurers and collaborating partners including Aetna, Capgemini, Conning, Cigna, The Hartford, Launc[H]artford, Travelers, InsurBot, LKP Global Law, Locke Lord LLP, USAA, White Mountains.

Stable Insurance was one of the US companies to make the cohort. The platform offers supplies auto insurance for the rideshare and on-demand commercial auto space. The company, which is based in New York, allows customers to easily get cover for their vehicle fleet and access risk analytics to better understand their risk profile.

Four of the companies in the cohort are based in California. One of which is Digisure Insurance Solution. The insurance-as-a-service to digital platforms that have trust, safety and liability factors. Through its APIs, it can authenticate identity, generate risk profiles for customers, establish risk scores, provide protection packages and handle claims. The company also supplies a decision engine for underwriting which enables dynamic pricing for individual transactions.

iPill, a digital health and hardware system, is another Californian company to make the group. The company is designed to ensure strict monitoring of pill usage at home by implementing a storage safe disposal dispenser which is managed through a mobile app. The aim is to prevent abuse and diversion of opioids at home.

The third Californian startup is EDLORE, a platform to view 3D images to improve O&Ms, 3D/AR, part numbers, videos, pictures, animations and more.

Allganize, is the final Californian InsurTech in the cohort. The company leverages AI and natural language processes to help insurance companies automate communications with customers. Its technology searches through myriads of documents to find answers customers ask.

Moving back to the US’ east coast, Florida-based TauruSeer will also join the other startups in Hartford. TauruSeer offers an integrated risk management platform which automates the risk exposure in software, systems and personnel to defend against potential threats and business disruptions.

The remaining US startups to make this year’s accelerator programme are both from Massachusetts.

uDoTest is a B2B at-home disease testing SaaS platform. Its technology helps detects disease early and improve the customer experience of tests by not having to visit a doctor.

Livindi is the other Massachusetts-based company. The startups offers a selection of software, sensors and services which help seniors to live independently. A Livindi pad enables a senior to contact their family or a concierge service, while sensors help to monitor various aspects of a house including refrigerator use, entry and exit of the house, when lights are on and more.

The Canadian company to make the new cohort is Mitigateway, which helps insurers boost engagement and lower attrition. The company offers advice to homeowners on where risk lurk and how to avoid them.

Wysa, based in India, is an AI-powered bot which offers a user someone to talk to about their problems, whether it involves finance, or sports or something more serious. It was created by psychologists and life coaches to tackle the rising number of people suffering from mental distress. Through the app, people can contact real therapists as well.

The final company in the cohort is South Africa-based Investsure. The InsurTech, which is supported by global reinsurer Hannover Re, supplies investors with insurance that protects them from fraud, bribery, collusion and more.

Earlier in the year, InvestSure was listed in the InsurTech 100.

Copyright © 2019 FinTech Global

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