The Global Insurance Accelerator is welcoming 10 new insurtech companies to Des Moines as part of the 2019 cohort, starting Jan. 15.
This year’s GIA cohort is 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.
“It has been an incredible journey,” said Brian Hemesath, managing director of the GIA. “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 is the fifth cohort for the GIA, led by managing director Brian Hemesath and program manager Megan Brandt. Hemesath has announced plans to step down from the program following the cohort’s 100 days in 2019.
The GIA will have a public welcome reception on Jan. 30 at 321 E. Walnut. This year’s cohort includes:
BriteBee (Oklahoma City, Okla.): A consumer marketplace for insurance agents.
Cowbell (San Francisco): A business platform mapping insurable cyber threats and insurance coverage.
ebbie (Kansas City, Mo.): E-application development and underwriting automation for life and health insurance companies.
everyday life (Boston): Artificial intelligence platform to provide advisor services to consumers shopping for life insurance policies.
Friendly (San Ramon, Calif.): Digitizes documents and notes to enable automation of tasks such as data entry, document indexing and adjudication for simple projects.
Liscena (Toronto, Ontario): Automates claims adjusters with artificial intelligence.
Micruity (Toronto, Ontario): Enables addition of financial-focused insurance products, such as deferred annuities, to company pension plans.
Predictive Health Partners (Des Moines): Leverages real-time predictive analytics in a mobile app to help employees manage their health care.
Prosper eDNA (Calabasas, Calif.): Increases accuracy for life insurance and long-term care by making accurate lifespan predictions through epigenetic (not genetic) monitoring.
Sentence Data Refinery (Minneapolis, Minn.): Interprets sentence data related to activities in claim and underwriting files for insurance companies.