Hartford InsurTech Hub hails hearty start-ups for 2018
11 seek insurtech heaven
Connecticut-based Hartford InsurTech Hub, powered by Startupbootcamp, has unveiled its 2018 cohort of start-ups for its inaugural insurance acceleration programme.
The 11 selected firms comprise a mix from sectors such as artificial intelligence (AI), big data analytics and natural language processing (NLP) combined with cybersecurity, smart home and health insurance.
According to the hub, over 40% of insurtech start-ups originate in the US, though the gap between the US and European markets looks to be “narrowing slightly”. Naturally, the hub wants to keep the US in a happy place.
The successful teams, selected from an initial aggregation of 1,000 applications, will relocate to Hartford ready for the January start, and remain for its three-month duration.
They will get the usual support, resources, and industry and investor connections. The hub’s corporate partners are Cigna, the Hartford, Travelers, USAA, White Mountains and CTNext.
The start-ups are:
- Aureus Analytics, India, uses AI and machine learning (ML) for customer retention;
- Boundlss, Australia, analyses data from wearable devices and apps;
- Hindsait, US, applies AI to healthcare datasets;
- Pentation Analytics, India, analytics applications for insurance;
- Rozie AI, US, offers data on social communication;
- SecureHome, US, uses ML to guard against smart home threats;
- StaTwig, Singapore, provides tracking in supply chain;
- Truedime, US, P2P health insurance platform for students;
- Ubios, Canada, motion detection technology for landlords’ insurance;
- ViewSpection, US, DIY loss control platform;
- Yaxa, US, builds behavioural models.
The accelerator is the first component of the hub, an initiative established in 2017. No timelines or details have been provided, but the plan is to extend to other cities in Connecticut.
