The Global Insurance Accelerator (GIA), has announced the eight insurtech companies that will make up its eighth cohort, set to begin on January 12, 2022.
“This will be my fourth GIA program and the fourth version that I have had the opportunity to build,” said Nicole Gunderson, managing director of the GIA in a release. “I believe leading with a hybrid program in 2022 has allowed us to attract an outstanding set of founders who appreciate the opportunity to spend one-third of the 100-day program in Des Moines, Iowa, where the state is home to more than 200 insurance companies. They can balance the ability to meet many potential insurance mentors firsthand with the option to return home anywhere in the world to continue through the program. Feedback from prior years gives us the confidence that this model is a very compelling and effective one and makes our program globally competitive.”
The GIA’s 2022 cohort members are:
Adjust Square (Huntington Beach, California)
Adjust Square is a claims automation technology that enables P&C carriers to settle personal property claims 100x faster by locating accurate replacement items from a proprietary database of 250+ million products.
EquiX is a SaaS platform used by commercial property adjusters and pre-loss underwriting reps to more accurately inventory and value commercial BPP contents, machinery and equipment.
Insurtic is a fully customizable, no-code AI-based platform designed to increase productivity in insurance teams and automate repetitive workflows.
Optikal Care (Atlanta, Georgia)
Optikal Care is a contact care subscription service which provides comprehensive eyecare while breaking down the high cost of contact care.
Safari (New York, New York)
Safari is a career training and recruitment software platform built to help the insurance industry recruit and train the next generation of diverse talent.
RainyDayPal is an innovative financial wellness benefit to help American workers pay for unplanned emergencies and transform how we think about and deliver “emergency funds.”
Thumbscore (Wichita, Kansas)
Thumbscore is a quantum-powered engine for insurers to offer financial well-being to individuals, giving each a personalized financial GPS for everyday guidance and education.
TripDoctor (San Juan, Puerto Rico)
TripDoctor is a concierge application backed by a Care Concierge team and curated local doctor network that is revolutionizing international health insurance by supporting customers when they need to find care while abroad.
The eight startups will each receive mentorship from insurance executives and professionals from all lines of business, along with a $50,000 investment and housing for the in-person portions of the program. Since the program began in 2015, the GIA has invested $2.3 million across 50 startups to advance the InsurTech industry.
“What started as an idea to foster innovation in the insurance industry in 2014 has grown into a pillar of innovation for each of the insurance companies who serve as investors in the GIA,” said Dave Wingert, EVP and COO of Grinnell Mutual Reinsurance Company (Grinnell Mutual) and board chair for the GIA. “As we look ahead to 2022, we’re really impressed with the teams and looking forward to getting to work with them.”
The GIA will conclude the 2022 program with final presentations during the Global Insurance Symposium on April 20, 2022.
The descriptions of the companies listed above have been provided by the Global Insurance Accelerator.