Slideshow Startups pitch insurers on blockchain, big data, IoT and more

Published
  • June 13 2017, 5:43am EDT
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The startup accelerator Plug and Play held an exposition for insurtechs that have participated in its program to pitch their ideas to carrier partners for potential relationships. This is the second cohort in the company's insurance program, which launched last year.

Before the insurtechs took the stage, founder Saeed Amidi presented sponsor Munich Re with the Corporate Innovation Award, recognizing the company's commitment to working with insurtechs to advance insurance. Bob Mozeika, executive for innovation strategy at Munich Re, accepted the honor.

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Then the insurtechs began their presentations. Will Dove of Extraordinary Re explained his company's trading platform for insurance liabilities.

Wayne Slavin of Sure discussed his company's platform, which among other things allows insurers to write coverage for used phones by scanning the phone remotely and providing a full readout of any existing damage for underwriting purposes.

Michael Folson of RiskBazaar talked about his company's blockchain-based platform for trading insurance risk contracts.

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Jumpstart's Kate Stillwell brought the conversation local, discussing her company's plan to distribute parametrically underwritten supplementary earthquake coverage, delivered via text message.

Lapetus' Janet Anderson gave a crash course in how her company's platform helps predict life events for insurance underwriting.

Ladder's Jamie Hale discusses his company's platform that dynamically updates life insurance coverage as policyholders' age.

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Former AIG customer executive and Digital Insurance Women in Insurance Leadership winner Donna Peeples talks about her new company, Pypestream, which aims to improve the insurance-buying experience with chatbots.

CJ Przybyl of Chicago-based claims insurtech Snapsheet makes his pitch.

Alex Schwazkopf of Pillar talked about his company's network of Internet of Things sensors geared toward making construction sites safer.

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Matic's Aaron Schiff took a selfie with the big crowd. His company provides a platform to help homeowners buy insurance when they get their mortgage.

Anurag Shah of Aureus Anaytics kicked things off with the story of his company, which provides a big data platform for financial institutions.

Attendees were instructed to go to Plug & Play's mobile site to vote for their favorite startup. In the end, Pillar emerged victorious, having received the highest score from the assembled judging panel of insurance innovation and venture capital executives.