MUNICH, GERMANY, April 19th, 2021 - Plug and Play Insurtech announces 14 startups joining the sixth cohort of their 3-month accelerator program “Insurtech Europe powered by Plug and Play.” The program aims at facilitating POCs and pilot projects between the selected startups and the program partners including Generali, Versicherungskammer, RheinLand Verischerungen, Irish Life, Swiss Re, Munich Re, Baloise, Unipol, Vienna Insurance Group and Wiener Städtische Versicherung, Aflac, ADAC, AOK Bayern as well as Foyer.
Unlike many other accelerators, this program is focused on business development for growth-stage startups, for which Plug and Play offers the services of the world's largest innovation platform including mentorship, venture capital, and business development opportunities. Due to the constraints of COVID-19, the programs have transitioned to a fully virtual curriculum wherein the selected companies will be connected virtually to partners in private one-on-one sessions and have the potential to be featured in webinars hosted by Plug and Play. By introducing the world’s best technology startups to the multiple stakeholders on the platform, we drive the innovation activity of the entire insurtech industry.
Plug and Play programs do not require any equity or fees from the startups, they provide them with a unique business development opportunity for free. This way startups and partners can ensure that Plug and Play will meet their requirements and establish valuable long-term business relationships with their network.
The following startups were selected to the program:
AlphaSense: AlphaSense is a search engine for market intelligence that transforms how decisions are made by the world’s leading corporations and financial institutions. Leveraging AI and NLP technology, AlphaSense extracts insights in seconds from thousands of previously disparate business data sources, including company filings, event transcripts, news and trade journals, and equity research. http://www.alpha-sense.com
BlackSwan Technologies: BlackSwan Technologies’ ELEMENT™ is a horizontal Cloud Software Enterprise, revolutionizing traditional global enterprise software by challenging the conventions of transforming data into knowledge, automatically combining all available sources of information with Cognitive Computing capabilities to infer insights and enhance the decision-making abilities of your enterprise. https://blackswantechnologies.ai/
Cachet: Cachet is a financial services marketplace for platform economy. We are on a mission to enable a better lifestyle for platform workers by creating personalized insurance offers that are based on their real working hours. https://www.cachet.me
DataRobot: DataRobot offers an automated machine learning platform to build and deploy accurate machine learning models whether you are data scientists or not. http://www.datarobot.com
Hypatos: Hypatos deep learning technology automates complex document-based back office processes. The technology captures data points from documents, performs validations and automates processes, like accounting, travel & expense management, loan underwriting or claims handling. https://hypatos.ai
Iomob: Iomob is an open and customizable Mobility on Demand platform for enterprise customers who want to offer multimodal short-distance travel to their users or employees. Iomob enables transport providers to offer users seamless intercity and intracity journeys by combining a full range of mobility services (taxis, micromobility, on-demand, transit and rail). Users can plan, book, pay and use a multitude of mobility options that offer a carefree travel experience. https://www.iomob.net/
MoEngage: MoEngage is an intelligent customer engagement platform, built for the user-obsessed marketer. With AI-powered customer journey orchestration, personalization capabilities, and in-built analytics, MoEngage enables hyper-personalization at scale across mobile, email, web, SMS and messaging channels https://www.moengage.com/
My Voice AI: Unlocking the power of the human voice - starting with speaker verification and identification, continuing with emotion, age and playback detection, with as little as a few words or a few seconds of free, unrehearsed speech. Language, Dialect and Grammar Independent. https://www.myvoice.ai/
Planswell: Thousands of people per day build entire financial plans at Planswell.com. Top advisors partner with us to assist with improving and explaining the plans and implementing insurance, investing and borrowing recommendations. https://www.planswell.com/
Quantexa: Quantexa is a data and analytics software company pioneering contextual decision intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. https://www.quantexa.com/
RavenPack: RavenPack is a state-of-the-art cloud solution that identifies news that may affect your financial interests across thousands of public and premium news sources, social media and other types of unstructured data. We monitor scheduled and unscheduled events impacting companies, products and services, and macro-level entities like places, persons or currencies. Stay informed and share updates as-it-happens with algo-ready feeds, visual dashboards,
and email alerts, and optimize your market knowledge with 20 years of point-in-time historical data. http://ravenpack.com
SecondNature: Second Nature helps people lose weight and change their habits - sustainably - for good. https://www.secondnature.io/
Vesttoo: Alternative reinsurance for the Life & Non-Life insurance market. https://www.vesttoo.com
Zelros: Zelros is an insurance specialized AI and Machine Learning technology with an ethical approach helping insurers increase sales performance and improve customer experience. https://www.zelros.com/
Visit our website and learn more about the program and our upcoming events!
About Plug and Play
Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services, and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in over 30 locations globally, giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 30,000 startups and 500 official corporate partners, we have created the ultimate startup ecosystem in many industries. Companies in our community have raised over $9 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club and PayPal. For more information, visit https://www.plugandplaytechcenter.com/
Plug and Play Contact:
Plug and Play Insurtech Munich