Global reinsurer company Swiss Re plans to launch a fintech startup
accelerator in July, touted to be the India's first to focus
specifically on ventures within the insurance sector. "Approximately 25%
of our revenue comes from emerging business markets. From an
insurance tech perspective, India will be a very strong focus for us
this year," said Jason Richards, head property and casual business
management at Swiss Re.
The company plans on providing non-equity
based grants to the selected startup and will evaluate early stage and
venture based startups.
According to Alok Kumar, managing
director at Swiss Reinsurance company, three core themes will define
their selection of fintech players.
From Internet of Things based
sensors and machine devices to systems of engagement, which include
robo advisory systems such as artificial intelligence driven bots, and
smart analytics, where deep learning will be leveraged for creating
predictive systems, underwriting claims and fraud management.
Source: http://tech.economictimes.indiatimes.com/news/startups/swiss-re-plans-to-launch-a-fintech-startup-accelerator/52035372
Showing posts with label Accelerator. Show all posts
Showing posts with label Accelerator. Show all posts
April 25, 2016
Tech accelerator Plug and Play launches insurance programme in US in partership with Munich Re
In partnership with
Founding Partner Munich Re, Sompo Insurance, and USAA, Plug and Play is
launching their newest program, Plug and Play Insurance in US. (http://plugandplaytechcenter.com/insurance/)
This opens an interesting possibility that we might see a similar program in Asia soon with Plug and Play already running a media focused accelerator program in Singapore in partnership with SPH.
Plug and Play's model brings together a roundtable of complementary partners to guide the direction of the program and help decide which startups are accepted. Twice per year, participating corporate partners gather to determine the scope of the current round, and this will then be used to source 850-1000 startup applications looking to innovate in the insurance industry.
Source: https://www.finextra.com/pressarticle/64237/tech-accelerator-plug-and-play-launches-insurance-programme
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