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An increasing number of technology startups are targeting the insurance industry with new approaches to industry problems. Here are 15 to watch next year.
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Lemonade
The only startup that is itself an insurance carrier, Lemonade says its peer-to-peer technology will challenge the way insurance companies work. The company just announced a $13 million funding round.
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Cocoon
Aviva Ventures, a venture capital arm of the big UK insurer, launched on Dec. 7 with this company as its first investment. Cocoon makes this internet-connected security device for the home.
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Roost
Roost makes a smart battery for smoke detectors and counts USAA among its investors.
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Augury
Hartford Steam Boiler has invested in this company that makes sensors for heating, ventilation and air conditioning systems.
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Trov
Trov is a somewhat senior member of this list. It provides technology consumers can use to catalog insured belongings. Recently, Trov pitched Aviva at its InsurTech Meetup in London.
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Kasko
Another company that pitched Aviva, Kasko provides a white-label option for instant insurance purchases on affiliate platforms.
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BimaAfya
Also in London, the city's Startupbootcamp recently launched an accelerator just for insurance technology companies with a class of 10. First of those: BimaAfya, a company connecting low income populations in sub-Saharan Africa with health insurance.
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Buzzmove
Buzzmove was also selected for the accelerator. It provides price comparison for the removals trade; information that is important to insurers after a loss.
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CoVi Analytics is a platform for insurers to use the required reporting from Solvency II data in their enterprise in other ways.
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Domotz
Domotz is an Internet of Things management system that offers a platform for insurers to rate risk and manage claims.
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FitSense
This company helps life and health insurers leverage data from wearables.
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MassUp
This company uses APIs to connect insurers to retailers so people can quickly and easily add coverage to new purchases.
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Myfuturenow
Aimed at the UK pension market, this selected company helps connect dormant pension accounts to holders.
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Quantifyle
This company allows users to "shop around" their wearable and other health data to insurance companies and find the best price.
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Rightindem
This is a self-service total loss claims platform that claims to reduce insurers workload and leakage while improving customer service.
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Safer
Finally, Safer is designed to help millenials identify what kind of insurance they need by tapping into their social data
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Check out our previous startup lists: 6 Startups with Insurers' Financial Backing First class of Des Moines' Global Insurance Accelerator 5 Startups Insurers Should Consider

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