InsurTech NY

🎙️ Exploring Financial Mechanisms: Insights from This Month - Amplified 🌍 Join David Gritz and Michael Waitze in the latest InsurTech Amplified episode as they unravel the yen carry trade and the Sahm Rule—two pivotal financial concepts reshaping global markets and the insurance sector. 📉 Yen Carry Trade: Once a profitable strategy, this approach faces potential disruption as Japan rethinks its near-zero interest rate policy. How might this affect Japanese insurers and the broader industry? 📊Sahm Rule: This forward-looking economic indicator signals recessions early by tracking unemployment trends. With U.S. unemployment rates increasing, what could this mean for the financial stability of the insurance industry? 🔗 Tune in to understand these mechanisms' complex interplay and implications for the future. [Link in comments] #FinancialMarkets #InsuranceIndustry #EconomicIndicators #GlobalEconomy #InsurTech

🚀 Big Moves for QuickFacts: $2M CAD Seed Funding Secured! 🌍 🎉 Exciting news from our portfolio company, QuickFacts! The Halifax-based insurtech just secured a robust $2 million CAD in seed funding to fuel its ambitious expansion into Québec and the United States. 💡 What's QuickFacts? Founded in 2020 by Jeff Barsalou and Christy Barsalou (Silvestri), QuickFacts offers a cutting-edge platform that simplifies insurance processes by aggregating and comparing underwriting info from various carriers. This tool streamlines brokerages' workflows, enhancing efficiency across the board. 🌐 Growth & Expansion: With the new funds, QuickFacts is set to hire more talent, broaden its reach in Canada, and break into the US market, aiming to solve significant brokerage pain points, especially in the complex US landscape. The funding round, led by Sandpiper Ventures and supported by Killick Capital Inc. along with several angel investors, marks a significant milestone in QuickFacts' journey. Already boasting a tripled user base within a year and serving over 100 brokerage clients, QuickFacts is gearing up for further North American expansion and exploring new product lines to serve the insurance industry better. 👉 Learn more about their journey and plans at the link in the comments #InsurTech #StartupFunding #InsuranceIndustry #BusinessExpansion #Innovation

🌟 Panel Recap: Navigating the Waters of InsurTech Investment! 🌟 Last spring, the InsurTech Spring Conference stage was graced with the electrifying panel "Investing in Early Stage vs. Late Stage InsurTechs" at our latest conference, featuring top investors and visionaries in the field: - David Gritz | Co-Founder | InsurTech NY - Dave Wechsler | Investor | OMERS Ventures - Josh Curry | MD | BMS Group - Yuto Nakanishi | Corporate Venturing Partner/Lead | Tokio Marine Group 🚀 Panel Takeaways: - High Stakes, High Rewards: Early-stage investments are all about high risks with potential for high rewards. Contrastingly, late-stage investments often present a lower-risk profile with steadier returns. - Adaptive Strategies: Our speakers shed light on the dynamic strategies required to navigate the different challenges and opportunities at each stage. - Strategic Impact: The panel emphasized the unique strategic benefits of both investment stages, from molding innovation in its infancy to scaling mature ventures. Investing wisely in InsurTech can revolutionize insurance markets and drive the next wave of financial technology. The right investment at the right time can make all the difference. Want a closer look into the world of InsurTech? Be sure to keep an eye on our page and register for our upcoming Spring 2025 Conference! #InsurTechNY #FinTech #VentureCapital #StartUpInvesting #InsuranceInnovation

🚀 Startup Spotlight: Chaiz's Major Seed Funding Success! 🌟 📈 Exciting news from Chaiz! They've just closed a stellar $3.7M seed funding round, oversubscribed and led by ResilienceVC, with participation from notable investors like Anker Capital AG, Automotive Ventures, and many more. ❓ What is Chaiz? Chaiz is revolutionizing the car ownership experience with the first online marketplace for Vehicle Service Contracts, also known as Extended Car Warranties. They offer transparency, choice, and fair pricing, transforming the industry with their innovative approach. 🌐 Not just B2C, Chaiz enhances any platform with its low-code widgets or best-in-class API, integrating seamlessly into websites, apps, or emails. 🔗 Discover more about their groundbreaking platform here: (https://lnkd.in/d6VXGRKS) 🎉 A huge shoutout to team members @Serhii Hupa, Volodymir Pohorilyak, Mathapelo Pitse, Alona Reznichenko, Igor Yakimenko, Jerry Lorient , Michaela Brislin, and Howard Rubin for their fantastic work. driving this achievement. 🌍 We can't wait to see what's next for Chaiz as they drive forward in their journey! #StartupFunding #InsurTech #VehicleServiceContracts #Innovation #TechnologyIntegration

🌟Panel Throwback: Wellness Benefits Impact and Evolution – Spring 2024 Conference 🌟 Last spring, we dived into the vital topic of wellness benefits with an esteemed panel of experts. Here’s why this conversation is crucial: 🎤 Speakers: - Dr. Christy Lane | IA Capital Group | Venture Partner - Allyson Laurance | Prudential Financial | VP of Strategic Initiatives - Justin Young | Unum Ventures | AVP - Adi Sivaraman | Architect Capital | Principal 🔍 Key Insights: - Evolving Needs: The panel discussed how wellness benefits have shifted from traditional offerings to more holistic and personalized options, addressing mental, physical, and financial well-being. - Tech Integration: Leveraging technology has become essential in delivering effective and accessible wellness programs, enhancing user engagement and outcomes. - Strategic Impact: Companies that invest in comprehensive wellness programs see significant benefits in employee satisfaction, productivity, and retention. 🌍 Why It Matters: Investing in wellness isn't just good for employees; it's a strategic advantage for businesses. As wellness programs evolve, they become a critical component in shaping workplace cultures that prioritize employee well-being, driving organizational success. 📈 Looking Forward: The discussion highlighted the importance of continuous innovation and adaptability in wellness programs to meet emerging challenges and the changing landscape of workforce expectations. Stay tuned for more insights and be sure to register for our Spring 2025 conference for more panels like this! #WorkplaceWellness #EmployeeBenefits #HRInnovation #InsurTech #HealthTech

🚀 Accelerator Spotlight: GIA Accelerator Program 2025! 🌐 🔍 Our friends Global Insurance Accelerator are looking for early-stage InsurTechsready to elevate their startups. Apply now for the GIA Accelerator's 100-Day Program. 🤝 Why GIA? - Direct Engagement: Your application is meticulously assessed by investors and sponsors, who are deeply involved throughout the program. - Comprehensive Support: From mentorship to pitch practices, you’ll gain invaluable insights directly from industry leaders. - Community and Connections: Join a cohort of founders committed to reshaping the insurance landscape. 🗳️ Application Process: - Initial Review: Over 100 industry professionals will review applications, looking for innovative and impactful ideas. - Interviews: Progress through rounds to meet GIA staff and investors. - Final Selection: Investor companies vote to select the most promising founders for the 2025 cohort. 📅 Deadline: Applications close on September 20, 2024. Don’t miss this chance to accelerate your journey! 🔗 Learn more and apply: [Apply Here] (https://lnkd.in/ghZmVBiZ) #GIAAccelerator #InsurTech #StartupGrowth #Innovation #InsuranceIndustry

🌪️Got chills from "Twisters"? It’s not just movie magic—tornadoes and natural disasters are real threats now more than ever. It leaves us thinking....How prepared are insurers? Luckily, we tackled topics were tackled at our Spring 2024 conference during the panel: Managing Natural Disasters with Analytics Featuring Insights From: - Christopher Lowell, CPCU, MBA | InnSure | Managing Director - Pete Buccola | Hadron Insurance | Chief Underwriting Officer - Jason Gross | ManchesterStory | Vice President & Head of Platform - Laurel Jordan | Sutherland Insurance | TPA Officer 🌐 Key Points Covered: - 🌧️ Predictive Analytics in Flood Management: How historical flood data and weather patterns are used to predict future events and adjust coverage terms. - 🏗️ Building Resilience through Data: Insights into how insurers are partnering with construction firms to design buildings that are more resistant to natural disasters based on predictive data. - 📊 Real-time Data for Immediate Response: The use of real-time analytics to improve emergency response and adjust claims processes dynamically as disaster events unfold. Stay tuned for more insights and be sure to follow our page for upcoming panels at our Spring 2025 conference! #NaturalDisasterManagement #InsurTech #Analytics #RiskAssessment #InsuranceIndustry

🚀 Last Call for Innovators: Apply to RevTech Labs Foundation's Accelerator Class 21! 🌟 🔍 Are you leading a post-MVP Fintech or Insurtech startup? It’s your chance to join RevTech Labs' 21st class and catapult your venture to new heights. Their 12-week accelerator is designed to supercharge growth and ensure long-term success by providing tailored resources, expert mentorship, and significant capital investment. What's in store for you? - Capital Kickstart: Each founder receives up to $120K upon entry, with potential follow-on investments. - Robust Network: Gain access to a vast mentor database filled with top executives and industry experts. - Customized Growth Plans: Forget one-size-fits-all; we craft a unique roadmap to scale based on your specific goals. - Exclusive Perks: Enjoy over 300+ perks from the Morrow Network, designed to support budding entrepreneurs. 🌱 Don’t miss out on transforming your startup with access to the best in capital, coaching, and community. 🔗 Ready to make a leap? Apply now via the link in the comments and join a network that believes in your business's potential! #RevTechLabs #Fintech #Insurtech #StartupAccelerator #Entrepreneurship #Innovation

🌟 Panel Spotlight: "Improving Claims Through Analytics" 🔍 Our 2024 Spring Conference brought together a dynamic group of experts who spoke on the transformative power of analytics in claims processing. Featured Panelists: Andrew Schwartz | Senior Analyst | Celent Jun Yamada | Manager of International Digital Strategy | Tokio Marine HCC Tyler Jones | Chief Marketing Officer | CLARA Analytics David T. Vanalek | Chief Legal and Compliance Officer | Richmond National 🕵️ Fraud Detection: Analytics help identify patterns that could indicate fraudulent activities, allowing insurers to act swiftly and reduce losses. 💹 Efficiency and Cost Reduction: By streamlining claims processing and utilizing data for accurate assessments, companies can lower operational costs and improve service delivery. 😊 Customer Experience: Enhanced data processing leads to faster claim resolutions, directly boosting customer satisfaction and trust in the service provider. Stay tuned to our page for more insights and future panels. Join us next spring to delve deeper into how tech is reshaping the insurance landscape! #InsuranceTech #InsurTech #Analytics #ClaimsManagement #DigitalTransformation #InsuranceIndustry

🎙️ New Episode Alert: David Gritz on The Insurance Nerds Podcast! 🌟 Where's the insurance industry headed? Why do MGAs matter? David Gritz and Tony Cañas, CPCU, MBA, AU, ARM, ARe, AIC, AIS unpack all things insurance and spotlight our MGA Lab. 🔗 Listen at the link below! #InsuranceNerds #Podcast #InsurTech #MGALab #IndustryInsights