InsurTech Magazine December 2023 | Page 47

Plug and Play Insurtech
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Plug and Play Insurtech

Plug and Play Tech Centre ’ s insurance accelerator is one of the best known in the industry , intent on turbocharging insurtech innovation and modernising what it describes as an “ ancient ” industry reliant on legacy systems and technologies . Plug and Play works with some of the largest insurers – including Zurich , State Farm , Nationwide and Aon – to foster exciting insurtech solutions in the fields of P & C , Life and Health , and General Insurance . The programme runs four separate accelerator schemes based in major regional insurance hubs – Munich , Singapore , Tokyo and Beijing – and has helped to nurture well-known insurtech brands including Tilt , Mulberri , Tapoly and Bdeo .
Plug and Play Insurtech boasts a network of 500 + leading corporations – 50 % of them in the US or Latin America , 20 % in Europe , and the rest in Asia . The programme can also draw on hundreds of venture capital firms that it has connections with , as well as universities , government agencies , and more than 50,000 startups .
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