December 1, 2016 – London, UK and New York, NY – Adapt Ready is excited to announce that it has been selected as a “Top 10 InsurTech Startup” for the prestigious Startupbootcamp InsurTech 2017 accelerator program. Startupbootcamp InsurTech is the leading accelerator focused on early-stage, insurance technology startups and corporate innovation.
The top 10 startups were selected after five months of scouting over 2,500 startups from 50 different countries and going through three intense Selection Days with Startupbootcamp InsurTech’s corporate partners, mentors, and investors.
Sabine VanderLinden, Managing Director of Startupbootcamp InsurTech said: “This year has seen a dramatic increase in the number of mature InsurTech startups, especially those utilising emerging technology to change the way insurers work. We’ve talked to hundreds of talented entrepreneurs, and while it was a very difficult process, we believe that we have identified 10 great businesses who recognize the need for innovation in the insurance industry and who are finding solutions to solve the problems that insurance customers so desperately desire. It is an exciting space to be in, and we look forward to accelerating and working with our Class of 2017.”
InsurTech investment in 2016 has experienced record highs with investment surpassing £1 billion, according to a report from CB Insights. Not only are VCs making investments in the InsurTech space, but also insurers and reinsurers as they explore startups working directly in the insurance value chain. So far in 2016, early-stage startups have seen 47% of InsurTech deal activity taking place at the seed and Series A stages.
About Adapt Ready:
Adapt Ready is delivering a breakthrough approach to navigate emerging global risks. Our enterprise software enables customers to deploy the power of predictive analytics to visualize, manage and report localized operational and value chain risks. By quantifying when, where and how extreme events could impact corporate assets, customers gain unique insights into emerging risks and market opportunities. For more information, visit www.adaptready.com.
About Startupbootcamp InsurTech:
Launched in 2015, Startupbootcamp InsurTech is a global accelerator based in London that focuses on disruptive and collaborative insurance innovation. Our intensive three-month program provides startups with mentorship, an extensive network of insurers, angel investors, and VCs, and other valuable resources to enable them to collaborate with an ecosystem of market experts and to design unique propositions that provide solutions for the insurance market. Our partners include Admiral, Allianz, ERGO, Exponential Ventures, HDI, Intesa Sanpaolo, Lloyds Banking Group, LV=, Metropolitan, MJ Hudson, MMI Holdings, Momentum, Munich Re, PwC, Route66 Ventures, Scottish Widows, Swiss Re, Talanx, Tryg, and UnipolSai. It is part of the global award-winning Startupbootcamp, a network of industry focused startup accelerators. For more information, visit www.startupbootcamp.org/accelerator/insurtech-london/