InsurTech NY

Insurtech NY, established in 2019, operates as an accelerator and resource hub for the insurance innovation community in the New York metropolitan area. The organization hosts bi-monthly seminars that facilitate collaboration among carriers, brokers, investors, and Insurtech companies. Its primary goals are to attract talent to the insurance sector, promote innovative regulatory practices, draw Insurtech firms to the New York region, and enhance access to financing for emerging technologies in insurance. By fostering a dynamic ecosystem, Insurtech NY aims to support the growth and development of the insurance technology landscape.

David Gritz

Co-Founder and Managing Director

Tony Lew

Co-Founder and Managing Director

Sokhiba Mukhitdinova

Principal

Past deals in Insurance

RiskQ

Pre Seed Round in 2024
RiskQ is a developer of a cyber risk quantification platform that leverages artificial intelligence to automate cyber risk assessments and enhance regulatory compliance. The platform provides businesses with insights into their cyber vulnerabilities through advanced analytics and business intelligence, facilitating effective ransomware strategies and prioritizing remediation efforts. By improving cyber resilience, RiskQ enables its clients, including cyber insurance firms, to significantly cut costs, enhance profitability, and reduce potential fines associated with non-compliance. The use of RiskQ's solutions can lead to substantial improvements in cybersecurity compliance and financial outcomes, ultimately contributing to the overall profitability of organizations in the cyber insurance sector.

ZenHedge

Pre Seed Round in 2024
ZenHedge provides financial risk management solutions for shippers and carriers. The company focuses on mitigating tender rejection risks, routing guide failures, and the impact of truckload freight rates. ZenHedge offers fintech-based insurance solutions to protect shippers and ensure smooth operations. The company aims to simplify risk management with easy-to-use and enduring value solutions.

Sertis

Seed Round in 2024
Sertis is an insurance company that specializes in providing property and casualty insurance for multifamily operators. As a modern Managing General Agency (MGA), Sertis offers a range of coverage options, including property insurance, general liability insurance, and equipment breakdown insurance. Operating in 16 states, Sertis aims to deliver comprehensive insurance solutions at competitive rates, enhancing customer service and support for owner and professionally managed multifamily properties.

Green Shield Risk Solutions

Pre Seed Round in 2023
Green Shield Risk Solutions provides a risk management platform that connects prevention, mitigation, and insurance services for property owners and their brokers. The company focuses on disaster-prone buildings, offering advanced risk reduction techniques to help mitigate losses from climate-related threats such as wildfires and hurricanes. By incorporating catastrophe modeling and sophisticated mitigation strategies, Green Shield aims to effectively reduce the loss exposure associated with these environmental challenges.

Otonomi

Seed Round in 2023
Otonomi operates a blockchain-enabled parametric platform that revolutionizes cargo insurance by converting traditional policies into efficient digital products. This innovative platform utilizes proprietary technologies such as data-activated triggers, smart contracts, and integrated digital wallets to significantly enhance the insurance process. Otonomi reduces claim resolution times from 45 days to just 45 minutes and lowers administrative costs by 75%. Additionally, its dynamic pricing and advanced risk scenario capabilities open new market opportunities while maximizing profitability. By improving the speed and transparency of the insurance claim process, Otonomi fosters greater trust among clients and helps insurance companies increase sales.

Hammurabi

Pre Seed Round in 2023
Hammurabi develops technology to provide insurance services. It predicts health risks and uses conversation tools on dealing with clients. Hammurabi is based in California, USA.

StartSure

Seed Round in 2023
StartSure is a software platform that focuses on simplifying the acquisition of business insurance for small businesses, startups, entrepreneurs, and independent contractors. By streamlining the process of obtaining, reviewing, and purchasing comprehensive insurance, the platform allows users to receive tailored quotes with minimal effort. StartSure aims to provide affordable insurance plans that meet the specific needs of its clients, thereby making it easier for them to secure the coverage necessary to protect their businesses.

Quantee

Seed Round in 2023
Quantee is a provider of ActuAI, a software-as-a-service platform tailored for the insurance and reinsurance sectors. This innovative platform leverages artificial intelligence to enhance actuarial processes, allowing companies to build and manage competitive pricing models significantly faster than traditional methods. By utilizing automated machine learning algorithms, Quantee's solution streamlines workflow, reduces operational costs, and saves substantial time for actuarial teams. Through user-friendly and flexible features, ActuAI empowers insurance companies to adapt quickly to market demands and improve their overall pricing strategies.

Eleos

Pre Seed Round in 2023
Eleos is an insurance firm that focuses on digitizing the insurance process to enhance accessibility and efficiency. The company partners with consumer brands to seamlessly integrate income protection and life insurance into their online platforms. By offering instant life and health insurance without the need for health checkups, Eleos aims to provide individuals with essential financial security in the event of illness or death. This innovative approach facilitates a more streamlined experience for users seeking insurance coverage.

Atidot

Non Equity Assistance in 2022
Atidot is a technology company that provides a cloud-based platform designed to assist life and annuity insurers in optimizing their business operations. Founded in 2016 in Ramat Gan, Tel Aviv, by Dror Katzav, Barak Bercovitz, and Assaf Mizan, Atidot leverages artificial intelligence, machine learning, and predictive analytics to deliver data-driven insights. The platform allows insurers to transform complex models into actionable strategies, helping them identify new audiences, experiment with product offerings, drive growth, and improve capital management. By enabling precise client targeting and risk assessment, Atidot empowers insurers to make informed business decisions and develop new revenue streams.

Stere.io

Seed Round in 2022
Stere is a one-stop shop for businesses to find capacity and access digital tools to launch, improve, and grow insurance programs. It aims to empower businesses to launch and grow insurance programs with a full-stack infrastructure, by providing the right services and tools such as digital platforms, data analytics, a network of capacity providers, innovative tech, and more. The company was founded in 2021 and is based in Dover, Delaware.

SureBright

Pre Seed Round in 2022
SureBright is an insurance-as-a-Service platform that enables any company to embed insurance and warranty products on their website.

Delos Insurance

Grant in 2021
Delos is a digital property insurance provider for homeowners in catastrophe areas. Insurance is difficult to find in high risk regions; few insurers write in these areas and the ones that do are expensive and slow. One main cause for this problem is low resolution catastrophe models, which have caused regular insurers to pull out of high risk areas. Our team has extensive experience in data science and aerospace engineering and is creating new, higher-resolution catastrophe models. We use these models to create a new home risk rating system. We will also use our models to innovate on product, actively managing our client's risk and helping them prepare for their likely perils.
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