PwC’s UK insurance practice sponsors Startupbootcamp accelerator

PwC’s UK insurance practice has joined up with the Insurance accelerator programme at Startupbootcamp, an award-winning accelerator network for startup companies.  Based in London, the programme invites global startups to apply to take part in a three-month accelerator programme. The startups, which focus on varying areas of the insurance market including retail insurance, corporate risk management, re-insurance, back-office efficiency and risk models, are provided with funding, mentorship and access to a network of industry partners, investors and venture capital firms from over 30 countries. The insurance practice’s sponsorship builds on PwC’s financial services practice working with Startupbootcamp on a similar programme comprising FinTech opportunities in the wider financial services industry.

Jonathan Howe, PwC’s UK insurance leader, commented:

“The insurance industry is undergoing considerable upheaval, with digital advancements and the possibilities offered by ‘Big Data’ analytics becoming impossible to ignore. Executives are increasingly looking towards startup innovation to help navigate a market filled with opportunities as well as threats.

“We are thrilled to be working with the first global insurance accelerator programme. As technology continues to challenge established business models, it is crucial that firms who wish to become market leaders evolve to better meet changing customer needs and expectations. Startup companies are at the cutting edge of innovation in the insurance sector, which is ripe for disruption. PwC’s insurance experts are looking forward to learning from these innovators, and in turn helping entrepreneurs commercialise their ideas and connecting them to the developed insurance sector, as they strive to stay ahead of the competition."

Nektarios Liolios, co-founder of Startupbootcamp insurance said:

“We’re delighted to enter into a relationship with PwC.  Startupbootcamp prides itself on the development of early stage companies by connecting them with the relevant communities in order to thrive and, as a leading advisor for businesses across the world, PwC brings deep industry experience, cutting-edge client insights and a global network, which are key to ensuring startup success.”

Ends

Please contact Ellie Raven, media relations at PwC on [email protected] or +44 (0) 7525 925 830

About PwC

PwC helps organisations and individuals create the value they’re looking for. We’re a network of firms in 157 countries with more than 200,000 people who are committed to delivering quality in assurance, tax and advisory services. Find out more and tell us what matters to you by visiting us at www.pwc.com

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see www.pwc.com/structure for further details.

©2015 PricewaterhouseCoopers. All rights reserved.

About Startupbootcamp Insurance

Launched in 2015, Startupbootcamp Insurance is a global insurance accelerator program, open to startups from around the world with support from a diverse group of industry partners from multiple countries. Based in London, its partners include Allianz, PwC, Unipol Group, ERGO, Lloyds Banking Group, Momentum (of MMI Holdings), Route 66 Ventures and Admiral. The Insurance accelerator offers startups access to world class industry expertise during an intensive three month program. It is part of the global award-winning Startupbootcamp, a network of industry focused startup accelerators.

Founded in 2010, Startupbootcamp is a global startup accelerator with 11 programs in Amsterdam, Barcelona, Berlin, Copenhagen, Eindhoven, Istanbul, London and Singapore, and a mentor and alumni network in more than 30 countries. More than 240 startups have been accelerated by Startupbootcamp of which 80% are still active. For more information visit: http://www.startupbootcamp.org