InsurTech NY Announces Winners

InsurTech NY, announced the winners of its 2021 Early-Stage InsurTech Competition at the InsurTech Spring Conference. 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

Over 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.

“We are proud to highlight the 2021 global winners,” said David Gritz, Managing Director of InsurTech NY. “Helping high-potential early-stage startups ‘get discovered’ is necessary to foster a dynamic and sustainable InsurTech ecosystem.”

“Events like this provide a crucial platform for emerging technologies, said Michael Loewy, co-founder of Tide Foundation. “We plan to use this exposure to strengthen our position in the insurance vertical and expand our technology to reduce global cyber liability.”

“We are excited and honored to be selected as the angel investor prize winner,” said Kevin Stein, CEO of Delos Insurance. “New MGAs in markets like ours benefit from broad exposure because we can help provide new products for reinsurers, insurers, and brokers, and change the lives of policyholders that were non-renewed because of misclassification in wildfire zones.”

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, Startsure.

About alastair walker 11411 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

Be the first to comment

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.