Gener8tor, Allianz, Securian 2022 Insurance Accelerator

5 startups selected for the 2022 OnRamp Insurance Accelerator

August 25, 2022 6:31 AM

The 2022 OnRamp Insurance Accelerator kick-off event.

Gener8tor, Allianz Life Insurance Company of North America and Securian Financial announced the five participants of the 2022 OnRamp Insurance Accelerator: Botdoc, ForwardLane, Manifest, Nestimate and White Swan.

"The OnRamp Insurance Accelerator is an important way for Allianz Life to support entrepreneurial growth and innovation in our industry," said Chad Virgin, managing director, Allianz Life Ventures, corporate venture arm of Allianz Life, in a press release announcing the companies. "These startups are playing a huge role in driving change and making insurance solutions more accessible to more people."

The OnRamp Insurance Accelerator, which was developed in 2019, is based in Minneapolis-St.Paul and includes both in-person and virtual events. Each startup receives $100,000 investment and works with gener8tor, Allianz Life and Securian Financial during the three-month program. The startups receive support for growth and scaling, as well as access to mentors, technologists, corporate partners and investors.

"Making sure every person is covered when it comes to unexpected loss is largely dependent on how easy it is for people to access, understand and purchase the right policies," said Jackie Mejia, managing director of the OnRamp Insurance Accelerator, in the press release. "It is exciting to see that this year's companies are already improving the digital insurance experience for customers, and we are thrilled to work with this talented group of founders to help take their companies to the next level."

The startups will pitch live during InsureTech Connect in Las Vegas on September 21.

Digital Insurance reached out to each company via email for comments on being selected for the program.

Manifest

Digital retirement account transfer tool.

Anuraag Tripathi, CEO of Manifest, says: "Many of the largest insurance firms are also the largest retirement providers. At Manifest, all of our teammates are working to build the pipes between these providers so we can digitize retirement account transfers when people switch jobs. Thanks to gener8tror, we immediately gained access to top-level executives who have worked in the industry for decades, can share actionable insights, make referrals, and decide to partner with Manifest."

Tripathi adds that he hopes to gain great connections from the program.

"As a three-time founder in the midwest - it can get lonely. Although the startup ecosystem has grown since my first startup, it can be difficult meeting other entrepreneurs. Gener8tor's commitment to high-caliber startups has attracted an amazing group of founders and has created a strong community that helps elevate everyone."

White Swan

Digital insurance brokerage.

Pontus Lagerberg, CEO of White Swan, says: "We are thrilled to be a part of the OnRamp Insurance Accelerator and the opportunities it presents in our journey of bringing more tax and risk smart money management to the digital generation through digitizing the user experience for permanent life insurance policies. It is encouraging to see industry support at this level, and being chosen amongst more than 500 startups is proof of the strategic importance that industry leaders like Allianz and Securian recognize in enabling digital distribution channels - not only for term policies but also permanent policies."

Nestimate

Software analytics platform.

Kelby Meyers, founder and CEO of Nestimate, says: "Nestimate is a software analytics platform empowering retirement income solutions in the 401k. We are hoping to glean key insights from both of the partners, as well as the gener8tor ecosystem. We think about it as a 'build to suit' approach. In other words, by getting this high-touch feedback from organizations actively engaged in the space, we hope to create a product that would address their pain points, and in turn, might be a solution to the broader market."

ForwardLane

AI insights platform.

Nathan Stevenson, CEO, says: "ForwardLane's AI-powered Insights platform delivers personalized insights and next best actions for wealth managers, asset managers, and insurers. Human data analysis is time-consuming and expensive. ForwardLane analyzes and synthesizes previously siloed data to distill personalized client engagement opportunities that find clients at risk and ultimately drive revenues. During the program, we are looking to apply our capabilities to insurance at the intersection of financial wellness. In an inflationary environment providing data-driven recommendations and next best actions for up-sell and cross-sell products that benefit investors over the long term by providing better medical insurance, guaranteed and protected income and other innovative products, together with Allianz, Securian and insurance partners we can make a difference to the lives of millions of Americans."

Botdoc

Data encryption company.

Karl Falk, CEO of Botdoc, says: "Botdoc is a cyber security and operational efficiency technology that through its API helps organizations reduce friction with consumers where security and regulation are the strongest. End-to-end encryption without pins, password, loging, accounts apps or software to download. [The] OnRamp Insurance Accelerator takes startups and literally injects them into large insurance companies to identify champions and business unit sponsors. Its much different than other accelerators we have been through over the years. The team is amazing and grateful to help us break into the insurance vertical. Botdoc has grown up in banking, lending and advisory, as well as healthcare, education and automotive recently and is excited to add insurance as a prospective market coming out of the accelerator. We have learned a lot about the insurance vertical and the connections and relationships we have made will last for a lifetime."