Erie Regional Chamber and Growth Partnership’s Post

🚀 Boost Your #InsurTech with Our Accelerator Programs! 🌟 Hear from our successful alumni about their transformative experiences: - Sonny Patel | Insurmi: "The ITNY Accelerator helped us build valuable relationships with leading carriers and brokers, ultimately turbo-charging our customer acquisition efforts!" - Greg Boutin | Relay Platform: "[The program] prevents mistakes and accelerates go-to-market strategies. It's like a year or two of learning packed into a month or two of fun and information sessions." - Jake Tamarkin | Everyday Life Insurance: "I had high expectations going in, and the program handily exceeded them. Serious meetings with legitimately interested carriers, access to smart, well-connected mentors, practical and insightful educational sessions." 🔗 Why should you apply? Click through to see why our program is a game-changer for startups seeking to make an impact in the InsurTech space. 🕒 Time is running out! Applications close soon. Don’t miss the opportunity to propel your startup. Learn more and apply now by visiting the link in the comments. #InsurTechNY #StartupAccelerator #InsurTech #InsuranceInnovation #StartupSuccess

When startups have a truly brilliant idea, they can also find that this isn't enough to fund their vision. I've seen some fantastic founders look to the community for recognition and support, and THIS is one of the first place I think to turn to try to get it. The InsurTech Hartford Innovation Challenge. With $25k in prize money across the categories of Top Emerging Risk Solution, Best Health & Safety Solution and Best Emerging InsurTech, there is opportunity to get a shot of capital with no equity cost for truly great ideas. I can think of a few early stage founders who should be getting their applications in now – deadline is May 24th! Apply at https://lnkd.in/eMgP9aGx #founders #startps #insurtech #innovation #challenge #competition #insurance

#fundingalert 💼Company: Sixfold 💰Funding: $15Million  ⚡Round: Series A 👥Investors: Salesforce Ventures, Scale Venture Partners, Bessemer Venture Partners, Crystal Venture Partners, and all other prior investors. Sixfold is the first generative AI product designed specifically with insurance underwriting in mind. Because the platform reduces manual burden, underwriters can concentrate on making wise risk judgements, bringing fun back to underwriting. The money will be used by the business to expand its staff of AI/ML engineers, improve product capabilities, and quicken research and development. Alex Schmelkin, Brian Moseley, Jane Tran, Gregg Tourville, Jane Tran Read more - https://lnkd.in/gieAfT-q To share your startup story write us on - contact@startuprise.io #Sixfold #generativeAI #insurance #business #funding #fundingnews #news #startup #startupnews #startuprise

In today's digital age, data and algorithms are crucial, but they can only take you so far. For startups in the ever-evolving ecosystem, truly understanding your customers beyond the numbers is key. Join us for an insightful session with Pawan Kumar Rai, Co-Founder of Finshots and Ditto Insurance. Pawan will share his startup journey and offer valuable insights into thinking differently when building a company - especially in a crowded, and often misleading market. Discover how their unique approach to reaching customers is disrupting the age-old insurance industry. Get ready to gain deep customer insights from Pawan and learn what it takes to stand out in a competitive landscape 🔍🚀   🗓️ 19th July 2024  🕒 3:30 onwards 🔗 Register Now: https://shorturl.at/xvx20    Vikyath (Vik) Nanjappa Pradhyanand Kumbhare Anna Babu Gracy Prakriti Krishna Shanmukha Sai Kalyan Repalle #startup #NSRCEL #Velocity #RevenueStage #Incubation #Event #CustomerInsights #Marketing #DataAnalytics #BusinessGrowth #CustomerCentric

Thrilled to share the exciting news that United Ventures has led a €2.2 million Seed funding round for IdentifAI - Find Origin - 🚀 Founded by Marco Ramilli, PhD, alongside his business partner Marco Castaldo, IdentifAI is pioneering in the field of (de)generative models designed to identify the origins of potentially AI-generated content. IdentifAI’s work is becoming increasingly critical in today's landscape, where the distinction between AI-generated content and human creativity is more important than ever. We see immense potential in IdentifAI’s technology, which has multiple use cases across various sectors. From ensuring the integrity of news and media content to detecting fraud for banks and insurance companies, IdentifAI is well-positioned to address critical challenges in today’s digital landscape. With Marco’s proven track record, deep technological expertise, and strategic foresight, we’re confident that IdentifAI will play a leading role in the deepfake detection industry. This round also attracted contributions from business angels: Edoardo Alessandri of Wellness Holding, Matteo Fago, co-founder of Venere.com (now part of Expedia Group), and Umberto Paolucci from UP Invest. Massimiliano Magrini, Jacopo Drudi, Tommaso Palmieri, Paolo Gesess, Giulia Giovannini. Link to our blog post in the first comment.

Attention insurtech startups... focus on innovation, not operations. In the fast-paced world of Insurtech, your competitive edge lies in innovation. But as your business grows, managing the operational side can quickly become overwhelming. That’s why the fastest-growing startups are leveraging Covenir. Our flexible, scalable technology-driven BPO solutions, including print, mail, and proof of mail services, ensure that you can stay focused on developing cutting-edge technology while we handle the rest for output and compliance. From call center support and policy servicing to claims management and print services, we streamline your operations and adapt to your changing needs. With Covenir’s onshore team, you can focus on your core business while we handle scale and operational efficiency. Let’s work together to help you focus on the big picture. Contact us to learn more — https://lnkd.in/ggjEnffz. #TechInnovation #InsurTech #BPO #InsuranceStartups #BusinessGrowth David Squibb Wendy Trudeau Michael Saner Imraan Hassam Laurel Antti Ken Dobell Matthew Piaseczny Ross Champion

Consider the astronomical 54% compounded annual growth rate startups like India’s PolicyBazaar and Boston’s CoverHound®, enjoyed from 2014 to 2019. This outpaces the overall Insurtech sector's growth and signals a crucial shift. Now, nearly 38% of all Insurtech funding flows to these distribution dynamos. It's a testament to the transformative power of rethinking how insurance is delivered. By prioritizing customer accessibility and leveraging technology for streamlined distribution, these startups are setting new standards in efficiency and customer engagement in the insurance industry. #InsurtechGrowth #InsuranceInnovation #FutureOfInsurance

Are Insurtech startups truly revolutionising the insurance industry, or are they facing a grim reality? McKinsey reports that 75% fail to progress beyond initial stages, with 45% ceasing operations within three years. The crux lies in the challenge of translating cutting-edge technology into tangible client value. Let's refocus on strategy, execution, and delivering real impact to ensure Insurtechs become genuine game-changers. #Insurtech #InsuranceInnovation #StrategyExecution #p9pro #p9magic https://lnkd.in/dPdg2dvG

Startups and traditional insurers are teaming up, and it's like watching a great movie where each has what the other needs. Startups bring fresh, tech-savvy ideas to the table, shaking up the old ways and filling gaps that big insurers didn't even know existed. Meanwhile, the insurance giants offer muscle in the form of vast experience, customer trust, and deep pockets. Together, they're redefining what insurance looks like, making it quicker, smarter, and more tuned into what people want today. It's innovation in action, with a side of practicality. #InsurTechCollab #InnovationInAction #FutureOfInsurance

How can big insurance players create innovation and change like their startup insurance counterparts? Let’s be honest, the majority of value creation in our industry is not going to come from small startups, even those that successfully cross the chasm into unicorn land. It will take market leaders and significant investment of private capital to make a demonstrable impact. Let’s talk about the puzzle pieces that need to come together to create this impact: leading technology, underwriting and distribution capability, capital, and leaders with the track record and know-how to build a different kind of business model in a centuries-old industry. Those who who can piece this puzzle together will create real change.