Insurtech NY, an insurtech community that is located in the New York metro area, recently announced plans to launch its NYC insurtech accelerator program. According to Insurtech NY, the program will take place in October 2020 and will start taking applications from growth-stage startups that have revenue and customers in late July 2020.
“InsurTech NY Accelerator will focus on the three things that matter most to growth-stage InsurTechs: traction, talent, and financing. The program will provide access to insurance carriers and brokers looking to deploy new technologies and provide financial backing to digital managing general agencies (MGAs).”
While sharing more details about the upcoming program, David Gritz, InsurTech NY Managing Director, stated:
“Growth stage InsurTechs will benefit from a dedicated advocate to help them navigate the partnership process with insurance carriers and brokers. Our community has been there to support the needs of the InsurTech ecosystem. We are pleased to introduce a platform for those that want to rapidly expand their business through our partners.”
Insurtech NY then added that the initial carriers and brokers in the program will include Arch Capital, Flagship Insurance, Greenlight Re, Nassau Re, Nationwide, Swiss Re, Transverse Insurance, and five others to be announced. Participating corporations will rotate in hosting InsurTechs during the program.