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Pitch Night Sees 6 Early Stage Start Ups

 

With so much focus on the growing InsurTech scene in Hartford, the April 12 pitch night at Upward Hartford was full of energy as 6 entrepreneurs pitched to a diverse panel of judges.

 

The Judges

Paul Tyler  - Chief Marketing Officer @ The Phoenix Companies / NassuaRe
Erik Knight - Founder & President @ Remarkable Technologies, Inc.
Cathy Intravia - Partner @ Shipman & Goodwin
Michael Kearney - CIO of Claims @ The Hartford
Kerry Macca - Vice President @ CoreLogic

 

The Startups

 

Care Bridge - https://carebridgeinc.com

P&C programs are overwhelmingly high risk for Centers for Medicare and Medicaid MSP compliance penalties, fines and litigation. The Carebridge proprietary predictive model for estimated rated age life expectancy, helping carriers validate medical reserves and opportunities for risk transfer.

 

Friendly Agent Bot - https://www.friendlyagentbot.com

Satya Nadella, Microsoft CEO, says "bots are the new apps." Experts predict 80% of agents will use bots by 2020. Current adoption in the insurance agent industry is around 1%. This create a huge amount of opportunity for Friendly Agent Bot. Their bot promises agents the ability to drive down the cost of new business leads while remaining technologically competitive with larger first at a fraction of the price of competitors.

 

Physical Health Insights - https://www.physicalhealthinsights.com

126 Million U.S. adults suffer with muscle & joint pain. Physical Health Insights has developed a proprietary model from more than 100,000 patients and can tell with high degrees of accuracy the root-cause for muscle & joint pain. A patient can complete a survey and receive a physician's report to help health practitioners diagnose and treat the pain, reducing medical claims and time away from work.

 

Ronoco - https://ronoco.com

How many policies do you have? When you need to find them, where do you go?  A paper folder? Trying to remember the password for your carrier's site? Ronoco allows you to track all your policies together in one place. Plus, you can link your policies and assets to make sure everything is covered. Ronoco also uses AI-powered insurance knowledge to analyze and provide insurance advice.

 

TeleLingo - http://dreyev.com

TeleLingo created Dreyev - a dynamic risk prevent device with dual driver and forward facing cameras that uses AI to monitor the driving environment and notify the driver of risks. The device pairs to a mobile phone and also gathers telemetry data. Their product has uses across many industries beyond insurance.

 

Wunderite - https://wunderite.com

Wunderite is working to make insurance wonderful by reducing the headache associated with filling in forms and applications. By entering your your risk profile in Wunderite, agents and carriers can easily access the information when generating policies for their customer. The structured data also helps them be efficient, too.

 

The Winners

While the judges were in deliberation, the audience had the chance to vote. Here were the results of the audience votes:

Audience Favorite - Wunderite

Highest Potential - Wunderite

Most Innovative - TeleLingo

Most Disruptive - Wunderite

Best Problem/Solution Fit - Wunderite

 

All of the startups were excellent. As a result, it took the judges while to reach their verdict. In the end, Wunderite won the Judge's All-Around Favorite award.

 

Wunderite Wins Judges All-Around Favorite

 Awarded by Geetha Sreedhar from MondCloud - winners of the last Pitch Night.

 

To see the pics, visit our Meetup group or Facebook page. Thanks also to Photographer Rich Bulda for the high-quality pics.

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