MUNICH, Germany, April 2023 - Plug and Play Insurtech Europe proudly welcomes 15 startups to join their three-month innovation program, marking the beginning of their tenth batch. The startups were carefully sourced based on the focus topics of founding and anchor partners and were featured in Selection Week, where they were clustered into three main categories:
- General tech startups
- Property and casualty
- Life and health
The pitching startups represented diverse lines of business, stages, and geographies. After the pitches, esteemed companies from around the world were invited to vote on the top startups, with their votes determining which startups would move on to the next phase of the program. The ultimate goal of the program is to facilitate pilots and PoCs (Proof of Concepts) between the selected startups and the program partners, which include renowned companies such as RheinLand, Versicherungskammer Bayern, Irish Life, UnipolSai Assicurazioni, Vienna Insurance Group, and Aflac.
Plug and Play's unique offering focuses on business development for growth-stage startups and scaleups. As the world's largest innovation platform, Plug and Play provides mentorship, venture capital, and business development opportunities without requiring any equity or fees from startups. This means that founders are offered a rare and valuable business development opportunity for free.
This year, the program started with an in-person Selection Week, and will continue throughout the entire process with various activities and workshops. However, the highlight of the program, the Insurtech Europe Batch 10 EXPO, which showcases the work between the startups and partners, will be held in-person on June 27, 2023, in Barcelona, Spain.
The following 15 startups have been selected to participate in the Batch 10 Program:
Coinnect helps insurance companies and their clients to deal with cyber risk by providing an innovative cyber insurtech platform specifically built to support insurance companies, re-insurers, brokers, loss-adjusters, MGAs to assess, mitigate and effectively respond to their clients cyber risk and claims problems.
Credium is an AI-startup in the field of real estate building data analytics for insurance companies. They fuse and analyze different data sources to provide 3D digital twins for buildings on a nationwide basis.
Swinz offers a fully digital all-in-one, flexible and on-demand non-life insurance for the Millennial and Gen Z generation, simply activated and deactivated by a click. They are focused on giving peace of mind as to what is covered for whom and when.
Unique is a B2B SaaS/AI-powered platform records and analyzes your client consultations in real-time to generate useful insights that will help to improve client experience and data quality, automate routine tasks, improve lead management and productivity metrics.
Qantev technology ingests data from insurers claims and providers data, enriches it with data from external sources to provide automation and straight through processing to adjudicate complex medical claims, and insight to network managers on how to dynamically build the highest performing healthcare network.
Nettle, deliver automated conversations for nowadays and beyond. Chatbots, voice bots or digital humans are a way to deliver the “Do it for me experience” in an automated fashion instantly, through a user’s preferred channel.
Mitigrate is a SaaS platform that helps banks and insurance companies assess and reduce the physical climate risk of properties. By integrating climate data and new research, Mitigrate predicts how climate change will impact property assets in the future and provides a cost- effective strategy to mitigate risk.
Holly Health helps individuals to change their health intentions into clear daily actions, for mental and physical wellbeing . The service is fully digital, yet personalized, using proprietary AI systems, to mimic the role of a human health coach.
Fusionbase is the external data platform for data scientists, analysts and engineers that need the latest machine-readable data on topics like demographics, crime, company information, natural disasters, terrorism or weather-based on data from connected cars.
Send helps commercial and specialty insurers streamline underwriting operations, drive savings and work smarter with an AI- enriched Underwriting Workbench. The cloud-based, composable platform provides game changing agility for insurers hampered by legacy issues and for insurtechs looking to unlock their potential.
Preventio develops AI-based solutions to predict and prevent building damages. We positively impact sustainability by identifying high-risk buildings and providing recommendations on reducing their environmental impact. We deliver unknown informations that help building owners save money and promotes sustainability by reducing carbon emissions.
ForMotiv’s Behavioral Intelligence solution analyzes user behavior, or "digital body language," and uses machine learning to optimize digital experiences and predict risk and fraud. Their proprietary behavioral dataset has proven to be highly predictive of user "intent."
Eyst is a white label solution that integrates into the insurers' mobile application and/or website and which allows, at the time of compensation by the insurer, to transfer the claim funds instantly to the insured on an Apple Pay/Google Pay card.
Artificient Mobility Intelligence
Artificient is a deep-tech start-up originated from ika at RWTH Aachen, Europe’s leading institute in automotive engineering. They are leveraging disruptive computer vision technology to develop Europe’s 1st AI-powered smart driving app for next- generation smarter, greener, and safer mobility.
Yonder, an all-in-one platform to automate health insurance and retirement benefits for growing teams. Yonder makes it simple for businesses to provide core benefits, such as health insurance and pensions, to employees regardless of where they work.
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/