Plug and Play Insurtech Europe Announces Startups Selected for Batch 5

    Insurtech Europe Batch 5 Startup Logo Slide

    MUNICH, GERMANY, October 6th, 2020 - Plug and Play Insurtech announces 18 startups joining the fifth 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 Generali, Versicherungskammer, RheinLand Verischerungen, Irish Life, Swiss Re, Munich Re Covea, Baloise, Unipol, Vienna Insurance Group and Wiener Städtische Versicherung, Achmea, Aflac, ADAC 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, we provide them with a unique business development opportunity for free. This way we can ensure that we can meet our requirements and establish valuable long-term business relationships with our corporate partners.

    The following startups were selected to the program: enables insurers and financial services institutions to automate everyday cognitive tasks with AI. 'Intelligent Automation' is's self-learning technology solution that automates cognitive tasks such as the classification, extraction and validation of data points in uses cases like email routing, accounts payable and purchase order processing.

    Coverfy: Coverfy has automated insurance personalized quotations where customers receive personalized coverages based on their lifestyles. With Coverfy’s easy-to-use interface, customers can contract new insurance products through relevant recommendations & tips.

    EMIL Group: EMIL Group’s proprietary software offers a “no-code” platform covering the entire insurance value chain. It enables insurers to manage existing portfolios more efficiently and launch new products faster.

    ExB Group: ExB Group offers the only Cognitive Process Automation platform that extracts and processes all relevant information from any sort of structured or completely unstructured document to enable process automation and increase speed to insights in any workflow.

    ExSeed Health: ExSeed is a male fertility diagnostics platform to accurately test and actively improve sperm quality via smartphone devices and personalized lifestyle intervention programs using AI-enabled technology. All from the comfort of the home.

    Fincite: Fincite’s mission is to bring investment processes of established financial institutions into a new, digital age with their composable Software Fincite.CIOS. CIOS enables clients to aggregate, analyze and optimize all of their customers’ assets and enable them to offer better advice - from hybrid to fully digital.

    Flexperto: Flexperto enables remote sales thanks to their enterprise communication platform that seamlessly connects all the collaboration tools and communication channels that sales employees need to better communicate with their customers.

    Hypatos: Hypatos deep learning technology automates complex document based back office processes. Their technology captures data points from documents, performs validations and automates processes.

    Infermedica: Infermedica is a health AI company that improves the diagnostic process using the most advanced reasoning technology for medical triage.

    Keleya: Keleya is an app-based coach to help pregnant women access midwife services and advice - via digital and fully personalized pregnancy content, birth preparation courses and expert knowledge.

    Maaind: Maaind is an AI and neuroscience company specialising in tracking mental wellbeing in real-world situations, through an assistant app and API-as-a-service.

    MoneyCoach: MoneyCoach is a financial wellness app that helps millennials save more and invest smarter by building healthy financial habits.

    Monk AI: Monk, is an API-solution to help insurers automate manual body vehicle expertise with computer vision.

    PsycApps: PsycApps is disrupting the mental health industry with eQuoo, a medically-proven and evidence-based emotional fitness game that teaches the critical skills to improve resilience, boost relationship and personal growth skills and lower anxiety and depression.

    Quantee: Quantee provides software for insurance actuarial departments to optimize, automate and accelerate their processes with AI and interpretable machine learning.

    Skan AI: Skan AI is a cognitive engine that leverages computer vision and machine intelligence to help enterprises map, model and manage business processes.

    Ticinum Aerospace - Deep Property: Deep Property provides an easy access to risk-relevant, per-building information. It improves re/insurance efficiency (like in underwriting) by means of proprietary AI-based techniques applied on geospatial datasets.

    UVeye: UVeye - Setting the Global Standard for Vehicle Inspection. UVeye is a startup that has developed automated inspection systems for vehicles, powered by Artificial Intelligence on top of unique proprietary hardware.

    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 400 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

    Plug and Play Insurtech Munich

    Xenia Poppe