InsureTech Connect (“ITC”) and the Insurance Information Institute (“III”) have launched the first annual Resiliency Insurance Innovation Challenge, intended to highlight emerging companies and their innovative approaches to the longstanding problems of disaster preparedness and responsiveness.
“The Insurance Information Institute recognizes the increasing risk, both in frequency and in severity, posed by catastrophic events. We wanted to challenge the insurance community to think more strategically about resiliency and how innovative technological solutions can be deployed to make individuals, businesses, and communities more prepared and better able to manage this growing risk. We are excited to partner with ITC to discover and showcase emerging companies at the forefront of resiliency,” said Sean Kevelighan, the III's chief executive officer.
The competition is open to companies that are less than five years old and with fewer than 100 employees. The registration period opened June 11, 2019 and runs until July 12, 2019. The broader insurance community will have an opportunity to help select the three finalists during public voting between August 1, 2019 and August 15, 2019.
ITC will host the final event as a part of ITC's 2019 conference, September 23 – 25, 2019 at the MGM Grand in Las Vegas, where three finalists will present to a live audience of judges. The winner will be the insurtech that demonstrates the most innovative and practical resiliency solution.
“InsureTech Connect is committed to fostering global innovation and increasing Insurtech's impact on the insurance industry. Partnering with the III helps ITC continue with our mission while drawing attention to the increasing threat from emergent events. With this competition, we hope to inspire the community as a whole to apply cutting edge resources to address the challenges of resiliency,” said Jay Weintraub, the ITC's founder and chief executive officer.
Learn more: insuretechconnect.com/challenge.
Victoria Spears
Victoria Prussen Spears is senior vice president of Meyerowitz Communications Inc., a law firm marketing communications consulting company. A graduate of Sarah Lawrence College and Brooklyn Law School, Ms. Spears was an attorney at a leading New York City law firm before joining Meyerowitz Communications. She may be contacted at [email protected].