InsurTech NY, a global InsurTech hub, recently announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference. According to Insurtech NY, winners were selected by judging panels grouped by their background – angel investors, venture capitalists, carrier and brokers, and the Bermuda BDA. The winners received prizes worth $200K in total.
- Carrier/Broker Prize: Tide Foundation
- VC Investor Prize: Loadsure
- Angel Investor Prize: Delos Insurance
- Bermuda BDA Prize: RemitRix
Insurtech NY further revealed that more than 120 eligible startups applied to the competition. Startups were eligible if they had less than $250,000 in annual revenue. The judges selected winners who showed the most commercial potential. The selection process employed 26 judges including Avanta Ventures, Greenlight Re, Nationwide Ventures, Transverse Insurance, Gallagher, MGV, SixThirty, Park City Angels, and Anthemis. David Gritz, Managing Director of InsurTech NY, stated;
“We are proud to highlight the 2021 global winners. Helping high-potential early-stage startups ‘get discovered’ is necessary to foster a dynamic and sustainable InsurTech ecosystem.”
The hub went on to add the four winners were selected from the top 13 finalists that presented at the InsurTech Spring Conference on March 10, 2021. The other nine original finalists included: Claimspace, Coastal Risk, Coverhero, Digisure, Dockflow, Finaeo, HealthyHealth, Safekeep, and Startsure.