Pitching, persuading and presenting – the start of Startupbootcamp InsurTech 2017
15 December 2016
I am just over a week into my six month secondment at Startupbootcamp InsurTech but it has already been a whirlwind. Two weeks ago we held our selection days where 23 budding InsurTech start-ups spent three days pitching, presenting and persuading in an attempt to secure a place in the accelerator’s 2017 cohort. It was a fantastic experience and I was impressed by the start-ups, the collaborative atmosphere and the growing maturity of the InsurTech space.
Arriving early on Monday morning the start-ups were trained in the art of pitching. Tuesday and Wednesday were spent delivering short pitches to the accelerator’s partners and mentors, followed by intense 20 minute sessions where ideas were probed and tested. An exhausting few days!
By Wednesday evening the partners had decided on their top ten: a mix of propositions spanning the insurance value chain and using a wide array of innovative technologies and business models. You can read about them, their drones, data analytics, AI and more here.
Two things in particular stood out for me:
- The spirit of collaboration: there was a buzz of enthusiasm throughout, with the belief that every conversation could be kick-starting something exciting. Everyone agreed there is a great opportunity for the taking.
- The growing maturity of the InsurTech space: A recurring theme when speaking with both partners and mentors was how impressed they were with the quality of the start-ups. As Sabine VanderLinden, Managing Director of Startupbootcamp InsurTech, stated ‘This year has seen a dramatic increase in the number of mature InsurTech start-ups, especially those utilising emerging technology to change the way insurers work.’ It’s an exciting time to be working in an area that’s gaining such momentum.
I will be sharing updates throughout my time at Startupbootcamp InsurTech, telling the story of the ten start-ups and the changing face of the InsurTech start-up scene.
But for now, it is time to get our heads down and prepare for the programme to start in January. I can’t wait!