InsurTechNY, an InsurTech community that is based in the New York metro area, announced on Tuesday it has opened applications for the 2020 InsurTech Startup Competition. According to InsurTechNY, the competition has two tracks and will award $300,000 in prizes to the six winning teams. Startups in the early-stage track will compete for the title of the most investable startup.
“The growth-stage teams will compete to demonstrate the highest year over year growth potential. Top teams will get to pitch their business or demo their platform at the InsurTechNY Spring Conference on Mar 19, 2020, where judges will select the winners.”
David Gritz, Co-Founder of InsurTechNY, also commented:
“We’re looking worldwide for the top startups that support the insurance industry to showcase their platforms. Our team has curated the most active investors and insurance innovation leaders to judge the competition.”
Judges for the competition will be evaluating startups for potential investment or pilot opportunities. The deadline for submissions is February 7, 2020. Finalists to present in-person will be announced in early March 2020.