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It ’ s no wonder an insurtech accelerator would want to claim New York City as its home . There are over 100 insurtechs in the city – including Policygenius and Cover Whale – according to industry database Crunchbase . InsurTech NY aims to capitalise on the Big Apple ’ s flourishing insurtech success by connecting participants with valuable partners , mentors , and investors . It has previously worked with some of the biggest insurance carriers and brokers in the US , providing a pathway for alumni like Goose Insurance , Relay , Insurmi , and Steadily .

Since 2015 , MetLife ’ s LumenLab has been helping insurtech founders and entrepreneurs to grow out their business concept , which could , after all , become the next revolutionary idea in the insurtech sector . Perks for participants include a 7,800-square-foot workspace as well as a business incubator with access to dedicated innovation experts . LumenLab was established to develop disruptive new business models in the areas of wellness , wealth , and retirement that could then translate into a competitive advantage for MetLife . insurtechdigital . com 41