InsurLab Germany Accelerator
Five startups become part of the InsurLab Germany Accelerator
Cologne, 10.04.2018 - With today's kick-off event on the InsurLab Germany Campus in Cologne the first round of the InsurLab Germany Accelerator Programme started. Five InsurTech start-ups from four countries will be supported by the initiative for the next six months in order to further develop their products and services and successfully launch them on the German market. In addition to individual mentors, workshops, investor meetings, expert contacts of member companies and free workplaces on the InsurLab Germany Campus in Cologne are waiting for the selected startups.
KASKO, Motion-S, PolyWizz, StilFresh and RightIndem have made it into the intensive support programme of the young industry initiative.
Get to know the startups
KASKO from the UK enables insurance companies to develop insurance products quickly and cost-effectively. The newly developed products can be integrated directly into existing IT systems and marketed via KASKO's Insurtech-as-a-Service platform. The Startup Motion-S from Luxembourg offers a device-independent telematics solution. The platform connects smartphones with car sensors, processes driving data both in real time and retrospectively via existing data records and uses this data to calculate the risk potential of the driver, among other things.
PolyWizz from Israel has developed an end-to-end solution that automatically creates and analyzes customer insurance profiles according to customer approval. In this way PolyWizz supports sales teams in choosing the right product for each customer. The fourth startup StilFresh redefines the future of marine insurance. Its software supports international dealers and their insurers in reaching transport companies and forwarders directly and cost-efficiently in order to improve and significantly accelerate the results of recourse claims in international trade.
As the fifth startup RightIndem completes the first round of the InsurLab Germany Accelerator. RightIndem is a self-service claims platform that aims to accelerate the claims process and set up a complete multi-channel claims process.
The focus is on the individual needs of startups
The InsurLab Germany Accelerator programme focuses on the specific development potential of the individual start-ups. The varied program of workshops, seminars, networking events and pitch events can adapt each startup to your own needs. The participating start-ups do not have to pay money for this program, nor do they have to sell shares or rights in their companies. The networking of InsurTech startups and established insurance companies is clearly in the foreground. The aim is to develop concrete cooperation projects that will help InsurTech Startup to grow and the insurance company to provide innovative products and services.
The constantly growing network of InsurLab Germany offers startups direct access to over 50 companies from the insurance, technology and various consulting sectors as well as various universities. In addition, they are linked with industry-related investors and experienced mentors from the top management of the member companies, who support them throughout the entire period.
The grand finale of the Accelerator will take place in October during a Demo Day in Cologne. There the startups will present their development within the programme as well as new products and projects to the public.
About InsurLab Germany
InsurLab Germany is an initiative of the German insurance industry, currently supported by 28 insurance companies and 23 industry-related service providers, universities and dedicated InsurTech start-ups. It is a think tank for innovation and digitisation and promotes sustainable cooperation between start-ups and established insurance companies. The InsurLab Campus in Cologne offers 50 workstations for InsurTech startups and digital departments of the member companies. The association is part of the digital hub initiative "de:hub" set up by the Federal Ministry of Economics and Energy and a competence location for the InsurTech scene in Germany. It was founded in 2017 by the City of Cologne, Cologne Chamber of Commerce, Cologne University, Cologne Technical University, insurance companies and startups.