November 29, 2018

Hartford's insurtech accelerator names 2019 cohort

HBJ Photo | Matt Pilon
HBJ Photo | Matt Pilon
Representatives of 10 insurtech startups posed for pictures and celebrated Wednesday after Startupbootcamp announced they had won a spot in the Hartford InsurTech Hub's 2019 accelerator program.

The Hartford InsurTech Hub Wednesday evening announced 10 companies hailing from the United States and six other countries that will participate in its annual accelerator program in Hartford next year.

The companies, seeking connections with potential customers (particularly insurers), investors and advisors in the Capital City, will participate in the three-month program, operated by London-based Startupbootcamp, starting in February. The first-ever cohort completed the program in May.

There's an extensive scouting process to identify promising startups to compete for a slot in the accelerator. Startupbootcamp said its team had conversations with approximately 1,000 companies earlier this year, including during 23 "fast track" events in a dozen countries.

In the end, 232 companies applied for the Hartford program, which Startupbootcamp and its insurance sponsors and partners eventually whittled down to 22 semifinalists. Those semifinalists were at Upward Hartford in the Stilts Building this week, where they pitched to judges.

Startupbootcamp is scheduled to present the winners Thursday afternoon at the Insurance Market Summit in Hartford.

They include:

  • CareValidate, of Atlanta, Georgia, offers smart sensors that monitor quality of care in senior-living institutions.
  • ClaimSpace, of Australia, makes a customer communication and analytics software.
  • Canada-based Dream Payments provides digital payment services to financial institutions and insurance companies. The company won first place in Connecticut Innovations' first-ever VentureClash competition in 2016 and has been operating in Stamford since then.
  • Handdii, of Australia, offers a digital platform that automates the property insurance claim process and connects insurers, brokers, customers and property repair workers.
  • Medyear, of New York, is a social network that connects consumers to healthcare providers for communication and access to health records.
  • Pineapple Tech, of South Africa, makes AI-enabled software that allows users to snap a picture of an item and quickly receive an insurance quote on the item.
  • See Your Box, of Switzerland, makes internet-of-things software and hardware that track goods in a supply chain in real time.
  • U.S.-based Pitch Gauge offers software that inspects and measures roofs using mobile devices.
  • SkyWatch Technologies, of Israel, is a licensed broker in all 50 U.S. states and offers on-demand drone insurance.
  • Talem Health Analytics, of Canada, offers a platform that predicts injury recovery times and provides other insights into claims costs.
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