SUNNYVALE, Calif., Feb. 12, 2019 /PRNewswire/ -- Plug and Play Insurtech welcomes AF Group as its 74th partner. AF Group is a leader in innovative insurance solutions and has a proven track record of leveraging technology in core functions like claims mitigation and Care Analytics™. Startups accepted into Plug and Play's platform will have the opportunity to pilot their technology with AF Group and other partners in the program.
"Plug and Play's extensive Insurtech and affiliated vertical assets will enable AF Group to solve meaningful business challenges faced by our enterprise," said Abel Travis, Vice President of Underwriting & Product Innovation at AF Group. "Overall, our goal is to drive business growth in alignment with our innovation strategy through meaningful engagement and reach Silicon Valley insurtechs connected to the Plug and Play ecosystem."
"There have been incredible advancements in the technologies that startups are leveraging today and these have only just begun to penetrate the insurance market," says Saeed Amidi, Founder and CEO of Plug and Play. "We are extremely excited to enter a partnership with a proven innovator like AF Group, an organization that shares our belief in the future of insurance."
Plug and Play Insurtech is an innovation platform bringing together corporations, startups, and investors to improve the insurance industry. Since inception in May 2016, they have provided a vast innovation platform for more than 70 corporate partners and have made more than 40 investments in insurtech startups. Plug and Play Insurtech has recently expanded internationally to Beijing, Munich, New York, Singapore, and Tokyo.
About AF Group
AF Group (Lansing, Mich.) and its subsidiaries are a premier provider of innovative insurance solutions. Insurance policies may be issued by any of the following companies within AF Group: Accident Fund Insurance Company of America, Accident Fund National Insurance Company, Accident Fund General Insurance Company, United Wisconsin Insurance Company, Third Coast Insurance Company or CompWest Insurance Company.
About Plug and Play
Plug and Play is a global innovation platform. Headquartered in Silicon Valley, we have built accelerator programs, corporate innovation services and an in-house VC to make technological advancement progress faster than ever before. Since inception in 2006, our programs have expanded worldwide to include a presence in over 20 locations globally giving startups the necessary resources to succeed in Silicon Valley and beyond. With over 10,000 startups and 280 official corporate partners, we have created the ultimate startup ecosystem in many industries. We provide active investments with 200 leading Silicon Valley VCs, and host more than 700 networking events per year. Companies in our community have raised over $7 billion in funding, with successful portfolio exits including Danger, Dropbox, Lending Club and PayPal. For more information, visit www.plugandplaytechcenter.com.
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SOURCE Plug and Play