Third year of the Global Insurance Accelerator’s 100-day program
packs wider breadth of innovative ideas into Des Moines
DES MOINES, Iowa–(BUSINESS WIRE)–The Global
Insurance Accelerator (GIA) is pleased to announce its signature
100-day, mentor-driven program will kick off in Des Moines on January
17, 2017 with a cohort comprised of six globally diverse startups.
While in Des Moines, cohort members will have an important opportunity
to become immersed in the technology and insurance-rich environment
where more than 60 insurance companies are headquartered. The GIA, a
business accelerator identifying, developing and growing innovative
insurance-centric startups, provides hands-on business support from
program mentors and exposure to insurance professionals, industry
influencers and potential investors.
The 2017 GIA cohort members include companies with business models built
around emerging technologies, such as machine learning, artificial
intelligence (AI), and blockchain — which are the foundation of new
solutions for insurance companies, distribution channel partners, and
Find Bob (Toronto, Ontario): A growth, transition and
succession planning tool for financial advisors and insurance agents,
utilizing machine learning and elements of gamification for asset
InsuranceMenu (Boston, Mass.): A dynamic, data-driven platform
geared toward local insurance agents, creating process efficiencies
while bringing insurers closer to the customer.
MotionsCloud (Munich, Germany): Mobile and artificial
intelligence (AI) solutions for insurers which streamline and automate
claims processes to provide a better customer experience and settle
RE-Sure (Detroit, Mich.): A blockchain-enabled, app-driven,
smart insurance product designed for the on-demand economy.
Sentrys (Belgrade, Serbia): A data-protection platform
providing data security for consumers, vehicle manufacturers and
ViewSpection (Tucson, Ariz.): A platform providing a
transparent, collaborative method for agents and policyholders, as
well as underwriting, claims and loss control departments, to share
information and maximize service while preventing fraud.
Each cohort member receives $40,000 in funding from the GIA for a six
percent ownership stake in their venture. Also, the GIA provides a
significant housing subsidy for relocation to Des Moines for the
duration of the program. But, the primary value for startups is access
to the GIA’s mentor network, which provides firsthand knowledge of the
industry through targeted networking and education focused on finding a
product-market fit for the insurance industry. The GIA’s third cohort
concludes with presentations during the Global
Insurance Symposium at the end of April.
Based in Des Moines, the GIA
is backed by insurance company investors from across Iowa and the U.S.,
including American Equity Investment Life Insurance Company, Delta
Dental of Iowa, EMC Insurance Companies, Farm Bureau Financial Services,
Farmers Mutual Hail Insurance of Iowa, Grinnell Mutual Reinsurance
Company, IMT Insurance Company, Markel Corporation, Mutual of Omaha
Insurance Company and Principal Financial.
For information on the GIA, please visit www.globalinsuranceaccelerator.com.
For Global Insurance Accelerator:
Mara White, 515-988-6272