With only about 3% of available venture capital going to women-led startups, innovation consultancy Quesnay looks to raise the profile of tech enterpreneurs in the insurance industry with its Female Founders in InsurTech, competition.
A six-week application period began in June and five finalists have been identified. The companies will pitch to a panel of industry executives on Monday, Oct. 1 at the InsureTech Connect conference in Las Vegas, with the top three finishers receiving prize money. Insurance sponsors for the competition include Farmers, CSAA, Liberty Mutual, RGAX and QBE. Read on to meet the five companies.
CEO: Shruthi Rao
This New York-based company provides visualization, data/geospatial analytics, and modeling using internal and external data to determine hidden risks or exposures for carriers.
Co -founder:Malgorzata Stys
Using in-car cameras and computer vision, Dreyev's creates driving behavior models to anticipate upcoming risks and generate personalized, urgency-triggered alerts in real-time for fleets and individuals. Also based in New York, it provides real-time driver performance feedback,safety performance, and coaching tools.
Co-founder: Juliette Murphy
Brisbane-based FloodMapp provides users with warning time and personalized messaging before a flood while providing insurers live flood mapping, predictive claims analysis, damage curves to estimate damages and reinsurance requirements, claims logistics, and resource planning.
Founder: Janthana Kaenprakhamroy
Based in London, Tapoly offers on-demand insurance for freelancers, contractors, small to midsize enterprises, and anyone else in the sharing economy, helping these workers get coverage that insurance companies tend to avoid because of administrative overhead.
CEO: Christy Lane,
Vivametrica uses sensor data from wearable devices and smartphones to provide health and mortality risk scores for individuals. Based in Calgary, Vivametrica says life and health carriers using its platform can conduct real-time digital underwriting using just a smartphone.