Global Insurance Accelerator announces ten teams for 2019 cohort

The Global Insurance Accelerator (GIA) has announced the 10 InsurTech startups that will make up the 2019 cohort in Des Moines, starting on January 15.

“It has been an incredible journey,” said Brian Hemesath, managing director of the GIA, in an announcement of the cohort. “Today, employees of insurance companies, like those representing our investors as GIA program mentors, are more equipped to ‘speak’ startup, and that accelerates opportunities for both sides. Mentorship educates and empowers individual employees and ensures insurance companies are fully-equipped for pilots and partnerships which will take advantage of the new ideas each cohort brings to the table.” 

This year’s GIA cohort teams are developing and delivering new products and business models for buying insurance, cyber risk protection, underwriting automation, advisor services, digital transformation, claims resolution, pension planning and employee benefit management.

The ten companies participating in this year’s cohort are:

BriteBee (Yukon, Oklahoma)

BriteBee enables consumers to shop for trusted insurance agents in an online marketplace.

Cowbell(San Francisco, California)

Cowbell simplifies and expedites the process of obtaining accurate cyber insurance coverage for businesses by mapping insurable threats to the type of exposures.

ebbie (Olathe, Kansas)

ebbie specializes in e-application development and underwriting automation for life and health insurance companies.

everyday life (Cambridge, Massachusetts)

everyday life makes purchasing the right life insurance policy easier using artificial intelligence (AI) to provide high-quality advisor services and personalized recommendations.

Friendly (San Ramon, California)

Friendly digitizes and structures documents and notes to enable automation of time-consuming, mundane tasks, such as data entry, document indexing, and adjudication for simple products.

Liscena (Ontario, Canada)

Liscena automates the decisions and interactions between policyholders and insurance companies with AI-powered claims adjusters.

Micruity (Ontario, Canada)

Micruity supports entities looking to synergize employee benefits with human resources (HR) strategy by enabling the addition of financial-focused insurance products, such as deferred annuities, to the company pension plan.

Predictive Health Partners (Des Moines)

Predictive Health Partners leverages real-time predictive analytics that is personalized and conveniently delivered thru a mobile app to help employees be better consumers and managers of health care.

Prosper eDNA (Los Angeles, California)

Prosper eDNA increases accuracy and planning for insurance companies working in life, long-term care and annuities by making accurate lifespan predictions, and enabling personalized epigenetic (not genetic) monitoring.

The Sentence Data Refinery (Plymouth, Minnesota)

The Sentence Data Refinery assists insurance companies by reading and interpreting sentence data related to events and activities in claim and underwriting files with speed and accuracy.

This is the fifth cohort of the Global Insurance Accelerator and the first time the accelerator has had 10 companies.

On January 30, the GIA will be holding a 2019 Welcome Reception from 4:30-6:30, introducing the teams in the 2019 cohort and giving them the chance to network with local companies.

The GIA’s 100-day program consists of 1:1 meetings with insurance professionals, site visits to insurer offices, networking events, discussions with InsurTech founders, education sessions, investor introductions, and much more.

The program will conclude with final presentations at the Global Insurance Symposium on April 24 in Des Moines.