NEW YORK, March 25, 2020 /PRNewswire/ -- InsurTech NY, the largest InsurTech community in the New York metro area, announced the winners of its 2020 InsurTech Competition (insurtechny.com/competition). An expert panel selected six InsurTech startups out of 200 applicants and 20 finalists at the InsurTech NY Spring Conference. The winners received prizes totaling $300K across two tracks: early and growth-stage companies.
Agilius, a commercial real estate insurance startup took the top prize in the early-stage category, along with Prostosure and Sigo, which ranked second and third, respectively. The winners for the growth-stage were Matterport, a 3D technology company, which ranked first, and Deadhappy and Weathercheck, tied for second place.
"Congratulations to the winners of this year's InsurTech NY competition," said David Gritz, Co-founder of InsurTech NY. "Insurance technology is one of the most robust and underserved investment areas, and competitions such as these highlight the most impressive companies that are pushing this industry forward."
Over 200 startups applied to the competition. The selection process employed 24 judges from across the insurance value chain representing companies including NY Life Ventures, CT Innovation, Anthemis, Guardian Life Ventures, Plug and Play, Greenlight Re, and IA Capital.
"We are excited and humbled to win first place in the early-stage competition track," said Itai Ben-Zaken, co-founder and CEO of Agilius. "InsurTech NY has been a tremendous opportunity for us to get many more people excited about our unique offering."
"The InsurTech competition and exposure at the conference will help us solidify our position in the insurance vertical, a relatively new and exciting space for Matterport," said Tomer Poran, director of business development. "Our 3D mapping technology is empowering adjusters, risk engineers, and contractors to be more accurate and efficient."
InsurTech NY supports the insurance innovation community in the New York metro area. Founded in 2019, InsurTech NY brings together carriers, brokers, investors, and InsurTech startups via bi-monthly programs. InsurTech NY's mission is to drive talent to insurance, make regulation innovation-friendly, provide infrastructure to InsurTechs, and improve access to investment. Learn more at www.insurtechny.com or follow us on LinkedIn (linkedin.com/company/insurtechny).
SOURCE InsurTech NY