Hartford InsurTech Hub Announces 2020 Cohort: Insurance Seeks to Transform from Risk Reaction to Risk Prevention
Nov 15, 2019
TauruSeer selected to the Hartford InsurTech Hub accelerator with access to powerhouse partners interested in transforming the industry digitally, and culturally, from risk reaction to risk prevention:
TauruSeer's leadership team's theory: "The Shift from Cybersecurity to Digital Resilience: Why Insurance Companies are Paying Attention," was spot-on. The insurers and collaborating partners: Aetna, Capgemini, Conning, Cigna, The Hartford, Launc[H]artford, Travelers, InsurBot, LKP Global Law, Locke Lord LLP, USAA, White Mountains voices were heard and the Hartford InsurTech Hub selected TauruSeer as on of the eleven startups for their cohort.
Hartford InsurTech Hub, powered by
Startupbootcamp, announces its 2020 cohort of startups. The 11 successful companies were selected from over 350 applications from 57 countries and will relocate to Hartford, CT for the accelerator program starting in February of 2020. Eight of these companies are from the United States and one from each South Africa, Canada, and India. The startups selected possess a wide range of capabilities supporting cyber insurance, product liability, reinsurance, health, and property-casualty insurers.
Startups will participate in a wide variety of workshops, which will focus on topics ranging from marketing to IP law to business development. These workshops will change the way the teams understand the insurance ecosystem. There will also be introductions to industry mentors, leaders, and investors who are interested in helping the startups grow their business utilizing the accelerator’s global network.
Meet the 11 startups selected to join the Hub’s acceleration program for its third year:
- Allganize: (allganize.ai) Insurance companies are getting millions of calls, and over half of those are ‘how-to’ questions, many of which are answered in the documentation. Customers rather not do something that takes time and effort, like reading instructions, manuals, FAQ documents. Allganize’s AI automatically finds the answer from myriads of documents. They will be coming from Oakland, California.
- Digisure Insurance Solution: (digisure.ai) Digisure’s technology platform provides Insurance-as-a-Service to digital platforms that have trust, safety or liability factors. Their APIs provide identity authentication, generates risk profiles for participants, develop risk scoring, a decision engine for underwriting rules and dynamic pricing for individual transactions, delivers protection packages, and handles claims. Digisure is coming to Hartford from San Francisco, California.
- EDLORE: (edlore.com) EDLORE is a platform to view 3D images that provide a platform for O&Ms, 3D/AR, part numbers, videos, pictures, animations, etc. EDLORE will be coming to Hartford from Dana Point, California.
- InvestSure: (investsure.info) InvestSure created a world-first insurance product supported by global reinsurer Hannover Re. The product is parametric and protects investors from losses in the share price which are caused by allegations of management dishonesty (including accounting fraud, bribery, etc). InvestSure will be moving to Hartford from Johannesburg, South Africa.
- iPill: (ipilldispenser.com) The iPill is a digital health, mHealth, and hardware system. The App controls a secure storage safe disposal dispenser to prevent opioid abuse and diversion. An integrated wearable sensor calls 911 if respiratory distress is detected. A CBT module distracts opioid use and iPill uses blockchain for data storage. iPill will be relocating to Hartford from Los Angeles, California.
- Livindi: (livindi.com) Livindi is a platform of software, sensors, and services that enable seniors to live independently. Livindi is originally from Wayland, Massachusetts.
- Mitigateway: (mitigateway.com) Engineers are employed to physically inspect properties only for insurers of large specialty risks with high premiums. Engineer’s reports are used to reduce claims. Mitigateway is applying the specialty insurers model to the commodity insurer market. Mitigateway is originally from Toronto, Canada.
- Stable Insurance: (stableins.com) Stable Insurance is a distribution and analytics platform for consumers of commercial auto insurance. Stable focuses on the rideshare and on-demand economy/mobility segment of the commercial auto space. They allow customers to quickly get a policy for any vehicle in their fleet and offer risk analytics to better understand their risk profile. Stable Insurance will be moving to Hartford from New York City.
- TauruSeer: (tauruseer.com) Traditional Governance, Risk, and Compliance (GRC) approaches to risk management are insufficient as companies grapple with a myriad of ‘point solutions’ and tools amid a false sense of security. Instead, they need an Integrated Risk Management (IRM) Platform that aligns with modern cybersecurity architecture, management objectives of Secure DevOps, and next-gen software governance to deliver business goals. TauruSeer will be joining Hartford from Jacksonville, Florida.
- UDoTest: (udotest.com) UDoTest is a B2B at-home disease testing SaaS Platform. UDoTest can detect disease risk early, improve the consumer experience, cut costs, improve the underwriting process and increase sales. UDoTest is from Boston, Massachusetts.
- Wysa: (wysa.io) 1 in 4 people will suffer mental distress. Wysa is an early intervention for high-risk populations (students, maternal health, high-stress workplaces). Similar to a journal, Wysa builds insights and shares techniques with its users and Wysa also offers real therapists for further support. Wysa is coming to Hartford from Bangalore, India.
The City of Hartford's Mayor,
Luke Bronin, congratulated the teams and is very interested in having insurance industry leaders partnering with these startups.
Source: Hartford InsurTech Hub powered by Startupbootcamp
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