Plug and Play Announces Strategic Collaboration with Great American Insurance Group

SUNNYVALE, CA, November 30, 2023 - Plug and Play, the world’s largest innovation platform, announces its new relationship with Great American Insurance Group, an insurer focused on commercial specialty solutions for businesses. As part of this collaboration, Great American will expand its innovation efforts by leveraging Plug and Play’s access to organizations that are developing the technology of tomorrow.

“Our customers and agents want an insurance experience that uses cutting-edge technology to make their purchases easier, their businesses safer and their claims experience as seamless as possible,” says Mike Sullivan, Executive Vice President, Great American Insurance Group. “By joining Plug and Play’s platform, we can help build solutions that both benefit our company as well as the industry overall. Additionally, because of Plug and Play’s relationships across many industries, we can learn more about the technology that is on the horizon for our customers, which can help us better protect their businesses.”

Great American's integration into Plug and Play's ecosystem will facilitate the exchange of ideas, knowledge and expertise, fostering an environment of innovation and growth, specifically in the insurance sector.

"We are excited to work with Great American Insurance Group in our continued pursuit of transforming the insurance industry through technology and innovation," said Saeed Amidi, Founder and CEO of Plug and Play. "Their deep expertise and commitment to advancing the insurtech sector align perfectly with our mission, and we look forward to working together to drive meaningful and lasting change."

This relationship comes at a crucial time for the insurance industry as it faces unprecedented challenges and disruption. By combining Plug and Play's innovation ecosystem with Great American Insurance Group's industry expertise, this collaboration will enable both organizations to stay agile and adapt to the rapidly changing market dynamics.

About Plug and Play:

Plug and Play is the leading innovation platform, connecting startups, corporations, venture capital firms, universities, and government agencies. Headquartered in Silicon Valley, we're present in 50+ locations across 5 continents. We offer corporate innovation programs and help our corporate partners in every stage of their innovation journey, from education to execution. We also organize startup acceleration programs and have built an in-house VC to drive innovation across multiple industries where we've invested in hundreds of successful companies including Dropbox, Guardant Health, Honey, Lending Club, N26, PayPal, and Rappi. For more information, visit https://www.plugandplaytechcenter.com/

About Great American Insurance Group:

Great American Insurance Group’s roots go back to 1872 with the founding of its flagship company, Great American Insurance Company. Based in Cincinnati, Ohio, the operations of Great American Insurance Group are engaged primarily in property and casualty insurance, focusing on specialized commercial products for businesses. Great American Insurance Company has received an “A” (Excellent) or higher rating from the A.M. Best Company for 115 years and is currently rated “A+” (Superior). The members of Great American Insurance Group are subsidiaries of American Financial Group, Inc. (AFG), also based in Cincinnati, Ohio. AFG’s common stock is listed and traded on the New York Stock Exchange under the symbol AFG. For more information, visit https://www.greatamericaninsurancegroup.com/