Welcome to InsureTerms Our partners over at Locke Lord have generously agreed to contribute to the InsurTech NY community with some educational pieces about the insurance industry and commonly used terms in it. We will be adding to this InsureTerms list periodically, so check back for more insights from Locke Lord’s team.   SAP Insurance The post InsureTerms by Locke Lord appeared first on InsurTech NY - The #1 Resource for the InsurTech Community in the New York Area ..read more

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Global Startup Competition Finalists Announced! With Super Tuesday behind us, we are now turning our focus to the competitive spirit within our industry. More than 30 VC and carrier judges have deliberated and selected the top nine startup competition finalists for our Global InsurTech Competition. With 149 applications, our selection process is on par with The post InsurTech NY News: Global Competition Finalists Announced! appeared first on InsurTech NY - The #1 Resource for the InsurTech Community in the New York Area ..read more

InsurTech NY News: Going Bare on Homeowner’s Insurance Carriers dropping out of markets and approval of new rate increases are having unintended consequences on the homeowner’s insurance markets. Homeowners are now deciding to “go bare” and forego homeowner’s insurance completely. According to Axios, almost 40% of homes in the US are mortgage-free, so they don’t The post InsurTech NY News: Going Bare appeared first on InsurTech NY - The #1 Resource for the InsurTech Community in the New York Area ..read more

InsurTech NY News: Reflecting on 2023 + 3 InsurTech CEOs to See Some people make New Year’s Resolutions, but even with the best intentions don’t make it past March. Others create a vision board to hang in their bathroom that gets marked up with your latest skincare regime. At InsurTech NY, we decided for 2024 The post InsurTech NY News: Reflecting on 2023 + 3 InsurTech CEOs to See appeared first on InsurTech NY - The #1 Resource for the InsurTech Community in the New York Area ..read more

On Dec 5th, four debaters took the stage – an AI startup founder, a VC venture partner, a solution provider partner, and a law firm partner. They debated on whether the government should reduce barriers for AI and Analytics platforms to access data. One side made the case that the use of unrestricted data in The post InsurTech NY News: Access to Data + Spring Conference appeared first on InsurTech NY - The #1 Resource for the InsurTech Community in the New York Area ..read more

Last week was the Investor Demo Day for our Growth Stage InsurTech Accelerator. We had 39 startups present including current cohort companies, MGA Lab startups, and a few accelerator alumni. We are happy to announce the 2023 cohort of 41 startups by primary line of business: Life, Health, and Benefits Lines: Aerogami, Annuities Genius, Future The post InsurTech NY News: Accelerator Cohort + PnP Partnership appeared first on InsurTech NY - The #1 Resource for the InsurTech Community in the New York Area ..read more

You might think the sky is falling in FL and CA as a homeowner. AAA stopped renewing packaged policies in FL AIG is limiting insurance in coastal FL Allstate stopped writing business in CA Farmers stopped writing homes in FL and limited coverage in CA Nationwide is making it harder to obtain coverage in 36 The post InsurTech NY News: Less Choice More Opportunity appeared first on InsurTech NY - The #1 Resource for the InsurTech Community in the New York Area ..read more

Some people make New Year’s Resolutions, but even with the best intentions don’t make it past March. Others create a vision board to hang in their bathroom that gets marked up with your latest skincare regime. At InsurTech NY, we decided for 2024 the safest thing we can do is to reflect on 2023. No The post InsurTech NY News: Reflecting on 2023 + 3 InsurTech CEOs to See first appeared on InsurTech NY - The #1 Resource for the InsurTech Community in the New York Area. The post InsurTech NY News: Reflecting on 2023 + 3 InsurTech CEOs to See appeared first on InsurTech NY - The #1 Resource for th ..read more

Will 2024 be Better? Reflection on 2023 Venture Capital in InsurTech By David Gritz and Camila Faria As 2023 comes to a close, it’s safe to say that the InsurTech investment landscape underwent a significant transformation this year, reflective of broader shifts within the tech and insurance industries. Amidst a backdrop of global economic recalibration, The post Will 2024 be Better? Reflection on 2023 Venture Capital in InsurTech appeared first on InsurTech NY - The #1 Resource for the InsurTech Community in the New York Area ..read more