Now in its 21st year, the "MIT $100K" is regarded by many as the world's premier entrepreneurship competition. In fact, MIT is firmly established as one of the world's most productive economic engines, notes The Hanover. Worldwide, MIT alumni have founded more than 25,800 active companies representing more than 3.3 million jobs, and total revenues of more than $2 trillion.
A logical business fit, The Hanover provides insurance solutions for small and mid-sized technology businesses, and provides coverage called The Hanover Technology Advantage, a customizable and comprehensive coverage and risk management solution tailored to meet the diverse needs of the technology sector. The MIT competition promotes entrepreneurship and innovation, ultimately producing new technology companies.
"We are thrilled to partner with MIT as a Gold sponsor of the 'MIT $100K,' which fosters technology and business innovation," says Toby Levy, technology practice leader for The Hanover. "This sponsorship demonstrates The Hanover's strong commitment to education and innovation.”
The Hanover also brings certain expertise to this niche market. Its technology team is led by Levy, a 24-year veteran of the insurance industry. Levy previously spent 14 years at The Hartford Insurance Group, where he was instrumental in the development, launch and management of the company's technology practice. Additionally, Jeannie Olson, another 24-year veteran, has joined The Hanover to lead the company's technology underwriting and product development efforts. Prior to joining Hanover, Jeannie worked for St Paul, Chubb and One Beacon.
