InsurTech NY, the largest InsurTech community in the New York metro area, announced the upcoming launch of the InsurTech NY Accelerator, the first dedicated NYC-based accelerator for growth-stage InsurTech startups.
Scheduled to begin operations in October, the accelerator will start taking applications from growth-stage startups that have revenue and customers in late July.
“Growth stage InsurTechs will benefit from a dedicated advocate to help them navigate the partnership process with insurance carriers and brokers,” said David Gritz, InsurTech NY Managing Director. “Our community has been there to support the needs of the InsurTech ecosystem. We are pleased to introduce a platform for those that want to rapidly expand their business through our partners.”
InsurTech NY Accelerator will focus on the three things that matter most to growth-stage InsurTechs: traction, talent, and financing. The program will provide access to insurance carriers and brokers looking to deploy new technologies and provide financial backing to digital managing general agencies (MGAs).
“New York is known as the home to three InsurTech unicorns: Lemonade, Oscar, and Policy Genius,” said Paul Tyler, CMO of Nassau Re. “We hope to use the InsurTech NY platform to find and support the next set of InsurTech unicorns.”
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