17 Startups Selected for Batch One of the "Insurtech Europe powered by Plug and Play" Program

MUNICH, Oct. 3, 2018 /PRNewswire/ -- Plug and Play Insurtech announced today that 17 startups will join Batch One of "Insurtech Europe powered by Plug and Play," an innovation platform formally launched on November 14, 2017 by Plug and Play Insurtech and Insurtech Hub Munich. The corporate partners on the platform include Allianz, Munich Re, Versicherungskammer Bayern, Talanx, Irish Life, Willis Towers Watson, and Swiss Re.

The 17 startups partaking in Batch One have been selected from over 500 startups screened first by Plug and Play and then narrowed down in collaboration with the Founding and Anchor partners of the program.

"The Munich platform brings new insurtech solutions and innovation to the heart of Europe. The aim is to foster economic development by facilitating meaningful and strategic interactions between world-class insurance companies and dynamic startups from the area and across our global network," says Ali Safavi, Global Head of Plug and Play Insurtech. "As our first full Insurtech cohort in Europe, we are excited to see the results at the end of the program."

During the next three months, the startups will be introduced to Plug and Play's corporate partners and have the chance to work with various business units to evaluate POCs, pilot projects, and investment opportunities. Plug and Play does not take equity as a prerequisite to join the program and there is no cost for the startups. Plug and Play invests separately from the activities of the program in line with its own investment thesis. The startups will remain part of the ecosystem even after graduation on January 23th, 2019, at the program's EXPO.

The 17 companies that have officially joined the program represent a variety of insurance areas from end distribution to claims handling.

+Simple

+Simple is a financial services platform for freelancers, small and medium-sized businesses. More information at plussimple.fr

Anorak

Anorak is a Smart Life Insurance Advise platform. It gives everyone easy access to personalized, regulated, transparent and impartial life insurance advice. More information at anorak.life

Contiamo

Contiamo is a data science platform enabling vertical-specific solutions delivering optimized operational decision-making. More information at contiamo.com

Digital Claim

Digital Claim supports insurance companies with a highly automated claim recovery process that utilizes machine learning technology and a proprietary claim software. More information at digitalclaim.de

Enterprise Bot

Enterprise Bot is an Artificial Intelligence company that provides white-labeled cognitive solutions. Their out-of-the-box plug and play chatbots are designed to improve customer service while creating operational efficiency for the large financial companies that they cater to. More information at enterprisebot.ai

Geospatial Insight

Geospatial Insight are leading providers of risk intelligence derived from analysis of satellite, aerial and drone imagery, for a range of applications across the insurance value chain. More information at geospatial-insight.com

Hepster

By developing digital products and markets for businesses and consumers, hepster revolutionizes InsurTech. Fast, accurate and available anytime - as easy as online shopping. More information at hepster.com

Kinetikos

Kinetikos is a data company with the mission to revolutionize clinical decision-making to objectively diagnose, analyze and support clinicians in planning treatments for mobility disorders around the world. More information at kinetikos.io

 Medicus AI

Medicus is a wellbeing platform that interacts with people of all profiles to deliver uber-personalized health engagement and smart wellbeing coaching. More information at medicus.ai

QED-it

QED-it is driving enterprise blockchain networks to their full potential by providing an essential privacy layer powered by Zero-Knowledge Proof cryptography. This way, people and businesses preserve their privacy when interacting with others. qed-it.com

r4

r4 is helping organizations realize new revenue and profit growth by combining yield optimization with AI technology. More information at r4.ai

SkenData

SkenData simplifies the value and risk assessment of real estate, making it easier, faster and more objective. SkenData is the first, completely digital method of building valuation. More information at skendata.de

Tapoly

Tapoly is an insurtech platform that offers on-demand insurance to freelancers, contractors, and SMEs, with a focus on the sharing and gig economy. More information at tapoly.com

ThinxNet

With "ryd", ThinxNet creates a solution bringing the connectivity to all cars and creates the first user-driven platform offering highly attractive services and benefits to users and partners. More information at thinxnet.com

Torafugu

Torafugu Tech uses AI and Machine Learning to develop solutions that enable individuals with pre-existing health conditions to reduce their insurance costs by actively managing their disease while improving their wellness. More information at torafugutech.com

Vlot

Vlot offers integrated B2B2C (white label) risk analysis, coverage and dynamic planning solutions combined with digital underwriting through cutting-edge APIs and algorithms. More information at vlot.ch

Wenalyze

Wenalyze is a Big Data Analytics platform that enables insurance companies to discover new up and cross-selling opportunities and reduce fraud rates. More information at wenalyze.com

About Plug and Play Insurtech
Established in 2016, Plug and Play Insurtech is one of Plug and Play's largest industry-specific programs. Alongside its headquarters in Silicon Valley, this platform runs programs in five global locations including Beijing, Munich, New York, Singapore, and Tokyo. The program currently has over 70 corporate participants including Farmers Insurance, Allianz, Nationwide, SOMPO Digital Lab, and Travelers, and has worked with hundreds of international Insurtech startups to date.
For more information, visit http://plugandplaytechcenter.com/insurance/.
Plug and Play Insurtech Contact: [email protected]

About Insurtech Hub Munich
Insurtech Hub Munich is one out of twelve digital hubs initiated by the German Federal Ministry of Economy, in cooperation with insurtech startups, corporate partners, investors and research institutions, all based in Munich. Our goal is to determine the future of the insurance sector by providing a platform for the everyday exchange between all important current and future players, building meaningful partnerships across industries and enabling alternative ideas and business models.
For more information, visit https://www.insurtech-munich.com/.
Insurtech Hub Munich Contact: [email protected]

SOURCE Plug and Play