The Global Insurance Accelerator is a mentor-driven accelerator designed to foster innovation in the insurance industry through startups targeting the global insurance markets. With support and funding from seven Central Iowa insurance companies, the accelerator welcomed a class of 6 companies in February 2015. The startups were given access to over 80 mentors through a speed-dating-like process that resulted in the startups selecting 3-8 Lead Mentors to help them during their time in Des Moines and beyond.

Global Insurance Accelerator

SOSV is a global, deep tech venture capital firm that operates the HAX and IndieBio startup development programs focused on human and planetary health. SOSV invests $500,000 in startups at their inception as they onboard either HAX or IndieBio for a 4-6 month period designed to accelerate the raise of their next institutional round. SOSV joins the later rounds of HAX and IndieBio graduates.  HAX, based in a 35,000 sq ft facility in Newark, NJ, is equipped with machine tools, 3D printers, chemical, electrical and mechanical engineering labs, as well as on-staff engineering and design experts. SOSV's IndieBio has locations in NYC and San Francisco, both of which offer extensive services and facilities to founders including on-site BSL-2 labs, well equipped lab benches and hoods, and advanced lab equipment, such as chromatography equipment.

SOSV

Net Insurance is an insurance company that offers protection solutions dedicated to the person, family and small and medium enterprises.

Net Insurance

Artesian Capital Management is an alternative investments management company, which was spun out of ANZ Banking Group's capital markets business in 2004, with backing from ANZ Private Equity. Artesian's founding partners, purchased ANZ's stake in 2005. The company has subsequently been fully owned by partners and staff.  Since 2004, Artesian has managed specialised funds focused on credit arbitrage and relative-value strategies across global financial markets.  In 2008, while continuing to manage credit relative value investment strategies from its New York, London and Singapore offices, Artesian began to make principal investments in seed/early-stage ventures from its offices in Sydney, Melbourne and Shanghai.  In 2011, Artesian launched the first of its early stage venture capital funds and now manages AUD +255m. Artesian's VC strategy is to partner with best of breed accelerators, incubators, angel groups and university programs. In 2017, Artesian launched its China VC Fund with a USD 50m cornerstone investment industry super fund Hostplus. Artesian will soon launch a Southeast Asia VC Fund.

Artesian VC

AI Startup Incubator (AISI) is a part of Look AI Ventures (LAIV), the first investment fund in the Czech Republic focusing exclusively on early-stage AI startups. Our mission is to empower ambitious teams to realize their business goals and utilize the power of AI. At AISI, we do not believe in a one-size-fits-all approach. Instead, we tailor cooperation to the needs of every startup and offer our portfolio companies both business and technical/AI expertise in addition to the investment. Based in Prague, the Czech Republic, and operating since 2017, AISI has now integrated its diverse portfolio, network, AI expertise, resources, and proven unique data-driven methodology into the LAIV structure, leading operational processes from within the fund. We invest in pre-seed and seed startups addressing major markets with AI-driven solutions at their core. The tickets go up to 250,000 EUR with the possibility of reinvestment.  Our extensive community of international AI & ML experts offers time and resource-efficient solutions to drive the success of our portfolio companies. AI will soon permeate every aspect of our lives across various industries, and AISI aims not only to drive innovation but also to focus on responsible AI.

AI Startup Incubator

EXCON Services GmbH provides performance, network, dealer, collateral, receivables, claims, risk, fraud, and fleet management services.

EXCON Services GmbH

ParticleX is a tech-based startup investor and innovation enabler based in Hong Kong. We combine network, capital and research resources, accelerating the pace of innovative technology and helping the early-stage startups to win cross-border opportunities across Asia. Our technology focuses on disruptive technologies and innovation in various applications for business processes.

Particle Accelerator Limited (ParticleX)

Look AI Ventures (LAIV) is the first investment fund in the Czech Republic focusing exclusively on early-stage AI startups. Our goal is to nurture the AI startup ecosystem by investing in a new portfolio of promising early-stage AI startups. LAIV is built on the foundation of AI Startup Incubator (AISI), integrating AISI's diverse portfolio, network, AI expertise, resources, and proven unique methodology into its structure. We invest in pre-seed and seed startups addressing major markets with core AI-driven solutions. We are industry and geography-agnostic (but primarily focused on EU-based startups). We invest tickets of up to €250K with a possibility of follow-up investment of up to €1M. We do convertibles and priced rounds upon company fair market valuations. Our team of seasoned managers, entrepreneurs, and technology and AI experts tailors cooperation to the unique needs of every AI startup. We provide technical support & governance, assigning a tech and business resource to the founding team. Founded in 2022 in Prague, the LAIV fund is backed by AISI's demonstrated capabilities and network of AI & ML experts. Everything from the evaluation process to the partner ecosystem is built to identify and grow the most disruptive AI solutions and maximize the chances of generating superior, long-term investment returns.

Look AI Ventures

MotionsCloud

MotionsCloud uses computer vision technology, to analyze car and property damage for insurance companies thereby streamlining and automating property and vehicle insurance claims. MotionsCloud reduces claim cycle time from 10 days to 3 hours and saves up to 75% on claims processing cost and improves customer claims experiences. MotionsCloud already serves clients in the US, Europe and South East Asia.

<div>MotionsCloud provides insurers with an AI-driven damage assessment solution designed to automate and streamline property and vehicle inspections. It offers an augmented reality mobile web app that uses AI computer vision to assess damages to properties and vehicles using media captured by policyholders. It assesses damage types and severity and determines whether vehicle parts can be repaired or require replacement. The app also includes features for policyholders to video call their claims manager and use AR for real-time collaboration, enabling both parties to draw, mark damage, highlight areas, and add notes to images. In addition, the app can be customized and branded with an insurance company's logo and design.&nbsp;</div>

InsurTech: Infrastructure

MotionsCloud rakes in $2m

<div>
 
 MotionsCloud provides insurers with an AI-driven damage assessment solution designed to automate and streamline property and vehicle inspections. It offers an augmented reality mobile web app that uses AI computer vision to assess damages to properties and vehicles using media captured by policyholders. It assesses damage types and severity and determines whether vehicle parts can be repaired or require replacement. The app also includes features for policyholders to video call their claims manager and use AR for real-time collaboration, enabling both parties to draw, mark damage, highlight areas, and add notes to images. In addition, the app can be customized and branded with an insurance company's logo and design.&nbsp;
 
 
 Fundings and financials&nbsp;
 
 
 In May 2022, MotionsCloud raised USD 2 million in a funding round co-led by SOSV and Net Insurance. The company had planned to use the fresh funds to support its expansion efforts.
 
</div>

AgentSync develops modern insurance infrastructure solutions that automate and streamline compliance and producer management processes for insurance carriers, agencies, and MGAs. The company's core product offerings include AgentSync Manage, Autopilot, and ProducerSync API, which help validate licensing, appointing, and personal information for insurance producers by connecting with the National Insurance Producer Registry (NIPR). In January 2024, AgentSync launched its first commercially available ProducerSync API, which allows insurance businesses to access and validate NIPR data through REST API architecture. The company's technology reduces manual data entry processes from hours to minutes by using APIs and cloud-native solutions. In 2021, AgentSync acquired Finvera and subsequently acquired eContractPro in 2022. As of December 2021, the company generated annual revenue of USD 29.3 million.
Key customers and partnerships
AgentSync has established strategic partnerships with several industry leaders including the National Insurance Producer Registry (NIPR), Salesforce, Varicent, DocuSign, Verified First, Accurate, and LIMRA LOMA. Veterans United Insurance is among the company's notable customers. The company's platform enables its customers to onboard producers in hours instead of the traditional timeframe of weeks or months.

AgentSync

Artificial is an insurance software business offering an algorithmic underwriting, data extraction and machine learning platform to commercial insurers, empowering them to write better risks, faster. We provide solutions to partners across the London and global markets, including Convex, Chaucer and more. Our platform specialises in instantly and accurately capturing data at the point of entry for use in downstream applications. We enable clients to augment this data through effortless integrations and use it to write risks algorithmically, build contracts and plug into other systems. Behind the platform is decades' worth of experience in engineering, insurance and analysis. We do more than just provide software; we work with you every step of the journey to make sure our technology drives growth, improves efficiency and reduces costs across your business.

Artificial Labs

Bambi Dynamic developed a white-label mobility platform for the insurance sector. Their technology generated personalized, usage-based insurance options for the mobility sector, with the platform calculating premiums based on individual user data including driver safety scores, on-demand activation/deactivation, and time or distance driven. The system accounted for occasional drivers and multi-use vehicles, and was designed to integrate with IT systems of insurance companies, OEMs, and Mobility-as-a-Service providers such as ridesharing, ride-hailing, carsharing, e-scooters, and delivery services. The company operated between 2017 and 2023, ultimately ceasing operations in March 2023.
Key customers and partnerships
The company partnered with The Phoenix Insurance Company in Israel to launch 'The Phoenix Drive', a pay-as-you-go private vehicle insurance product. This offering included a web/mobile onboarding sales and underwriting portal for direct customers and insurance agents, back-office interfaces for insurers, and a consumer mobile app. Through this partnership, Bambi Dynamic was also involved in running the InsureMyTesla program in Israel.

Bambi Dynamic

CLARA Analytics offers an AI-powered insurance claims platform, aimed at improving claims outcomes. Its core claims platform is called CLARAty.ai, which includes generative and predictive AI models developed specifically for casualty claims. Its platform includes several products: 1) Claims Document Intelligent Pro, 2) Triage, 3) Treatment, 4) Litigation, 5) Clara Fraud, and 6) Clara MSP Compliance.&nbsp;&nbsp;<a href="https://sp-edge.com/updates/32243">Claims Document Intelligent Pro</a> is an AI-powered tool that automates the review of claims documents, including legal demands and medical records. It can analyze thousands of pages in seconds, identify key information, and detect treatment patterns to assess risks, improving efficiency and reducing costs.CLARA Triage is an AI tool for claims professionals that predicts claim severity, identifies high-risk claims, and issues real-time alerts to help adjusters act proactively. It improves productivity, reduces costs, and enables faster resolution of simple claims.CLARA Treatment is an AI tool that scores healthcare providers to identify the best options for resolving workers' compensation cases quickly and effectively. It improves claim resolution times, enhances patient outcomes, and reduces costs by matching injured workers with the right providers.CLARA Litigation is an AI tool that analyzes attorney performance and provides insights to reduce the cost and impact of litigated claims. It offers strategic recommendations for case management and helps optimize attorney selection to support decision-making.<a href="https://sp-edge.com/updates/30120">CLARA Fraud</a> is an AI tool that analyzes large workers' compensation datasets to detect suspicious patterns and clusters of potentially fraudulent activity. It increases visibility into suspicious claims, supports SIU referrals, and reduces losses from undetected fraud.CLARA MSP Compliance is an AI tool that automates Medicare Secondary Payer (MSP) compliance by identifying Medicare beneficiaries, determining the need for Medicare Set-Asides, and assisting with mandatory reporting. It reduces compliance risks, improves accuracy, and saves costs in handling Medicare-related claims.In 2023, the company launched CLARAty.ai, a casualty claims intelligence platform using predictive and generative AI to support claims professionals. It provides insights, recommended actions, and advanced claim summaries to guide next steps, enhancing traditional systems and workflows.Key customers and partnershipsIts notable customers include Berkshire Hathaway Homestate Companies, AmTrust, Amerisure, and QBE.&nbsp;Moreover, the company was selected by Amazon in August 2024, as its technology partner to improve health and claim outcomes for its corporate workers' compensation claims.

CLARA Analytics

Coterie Insurance is a Cincinnati-based insurtech company that provides digital small business insurance solutions. Founded in 2018, the company specializes in three main types of business insurance: general liability, business owners' policies, and professional liability coverage. The company employs digital underwriting technology that sources publicly available data to enable instant coverage through a transparent quoting and binding process. Its platform features a qualification checker that indicates within seconds if a business falls within Coterie's appetite. As of June 2022, Coterie's insurance products were available across all 50 states and the District of Columbia. The company's policies are underwritten by Spinnaker Insurance Co. and Benchmark Insurance Co., both of which hold A-rated carrier ratings. The platform uses both ISO and proprietary coverage forms, with all policy documents, certificates, billing, and claims managed through a single dashboard. The system reduces paperwork by 80% compared to traditional methods by eliminating ACORD forms and manual underwriting processes.
Key customers and partnerships
The company serves small and micro-businesses across the US, with a particular focus on businesses with fewer than 20 employees. As of June 2022, Coterie worked with a network of 5,000 agents who provide personalized counsel to small business owners. The company's products are distributed both through independent insurance agents and brokers, and directly to business owners through its digital platform. The business maintains partnerships with Spinnaker Insurance Co. and Benchmark Insurance Co. who underwrite its insurance products.

Coterie Insurance

Providers of general, yet comprehensive, end-to-end solutions for insurance companies, covering various aspects of their operations. This includes core systems for policy administration, underwriting, claims processing, billing, and customer relationship management

Specialized platforms that offer lead generation and management services and tools for insurance providers. Tools can include telemarketing, internet, and social media lead generation, referrals, and lead analytics

Underwriting platforms that evaluate risks related to life insurance, health insurance, and related products such as disability and critical illness coverage. They may utilize medical underwriting criteria, genetic information, lifestyle factors, and demographic data to assess applicants' insurability

Platforms that specialize in assessing risks associated with property and casualty insurance, including home, auto, commercial property, and liability coverage. They may incorporate data sources such as property valuations, historical claims data, telematics, and weather patterns to evaluate risk factors accurately

Specialized platforms that streamline and automate claims processing workflows, from initial claim submission to settlement. They may offer software for claims intake, adjudication, fraud detection, and communication with policyholders and third-party service providers

Policy administration systems that focus on managing policy lifecycle activities, including policy issuance, endorsements, renewals, and cancellations. They provide insurers with tools to configure and manage policy rules, coverage options, and premium calculations. Platforms can also have additional functions for commission and performance tracking

Reinsurance technology providers offer a range of innovative tools and services to support reinsurers in managing their operations, assessing risks, and optimizing their reinsurance strategies. These solutions may include advanced analytics, catastrophe modeling, risk assessment tools, portfolio management systems, and underwriting platforms specifically designed for the reinsurance industry

MotionsCloud

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