Insurtech NY, an insurtech community that is located in the New York metro area, announced earlier this week it will be accepting applications for its growth-stage InsurTech accelerator program. The application window will be open from July 21st to August 17th.
According to Insurtech NY, the program will focus on growth-stage startups that have existing customers and range in funding stage between Seed and Series B. It will be open to InsurTechs around the world. David Gritz, InsurTech NY Managing Director, further explained:
“The InsurTech NY accelerator will focus on the critical moment in time for startups when they are crossing the chasm. Many InsurTechs are able to build a product and get their initial customers; however, the true test is how to scale their business. Our program is about helping InsurTechs to get to scale.”
The accelerator will focus on three areas necessary for InsurTechs to scale: market traction, talent acquisition, and raising funds. The program will also provide access to insurance carriers and brokers looking to deploy new technologies and provide financial backing to digital managing general agencies (MGAs).
Insurtech NY then added thatthe program will feature more than 15 carriers and broker members including Arch Capital, Flagship Insurance, Greenlight Re, Nassau, Nationwide, Lincoln Financial Group, Gallagher, Newton Insurance, Swiss Re, Transverse, Sompo, and Pacific Life.
