gold star trophy against blue sparks backgrounAgilius, Prostosure and Sigo took top honors in the 2020 InsurTech Competition. (iStock) Agilius, Prostosure and Sigo took top honors in the 2020 InsurTech Competition. (iStock)

A commercial real estate startup with offices in San Francisco and Tel Aviv, an insurance-process automation company based in New York City, and a mobile-first auto insurance provider, also in New York, recently took top honors in the first 2020 InsurTech Competition hosted by InsurTechNY.

In a shift that benefits both camps, InsurTech startups and industry incumbents have become less competitive and more collaborative in recent years, according to industry experts. “Carriers should keep in mind that InsurTech is very much a global phenomenon, and therefore, should look for investment and development opportunities around the world,” Deloitte researchers wrote in a summary of that firm’s 2020 Insurance Outlook.

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Elana Ashanti Jefferson

Elana Ashanti Jefferson serves as Editor-in-Chief of ALM's PropertyCasualty360 Group. She is a veteran journalist and communications professional. Reach her by sending an e-mail to [email protected].

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