Denim selected to partner with SBC Colab in London

Denim's CEO Gregory Bailey sits down with Tiffany Tauscheck, Chief Strategy Officer Greater Des Moines Partnership, for the Denim Outlook. (Photo courtesy of Denim).

Denim has been selected to partner with Startupbootcamp Colab InsurTech London (SBC Colab).

An innovation program that’s part of Startup Bootcamp, SBC Colab identifies insurers’ priorities and gaps within their business operations. It then supports those insurance companies by aligning them with the most applicable markets and emerging technologies.

Starting in January 2019, Denim CEO Gregory Bailey will spend two separate weeks in London working with some of the largest insurance and financial services brands in the world.

By the end of the January Denim expects to have its first two international customers, a South African-based life insurance company and a UK-based banking group that owns retail and commercial banks and insurance companies.

“We always knew, from the early days of founding the company, that we could expand internationally,” Bailey said. “And coming into the end of 2018, we’ve had a number of different active conversations with potential customers internationally but have yet to sign an international customer. So when SBC Colab sought us out, we saw it as a big opportunity to fast-forward our international expansion opportunities.”

Unlike the Global Insurance Accelerator in Des Moines, SBC Colab does not recruit early-stage startups, Bailey told Clay and Milk.

“Being part of the startup bootcamp family and part of their ecosystem I’m very confident is going to allow us tremendous opportunities to many global expansions,” Bailey said. “Whether its through introductions or just having extended networks of people that we don’t know.”

This isn’t the first time Denim has received international recognition. Earlier this year, Denim was named an InsurTech 100 by London-based FinTech Global. 

Previous coverage…

Denim Summit 2018 examines the InsurTech and FinTech industries -Oct. 30, 2018

Denim launches Smart Campaigns -Oct. 3, 2018