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InsurTech Hartford
InsurTech Startup ProtoHack
May 16, 2017
InsurTech Hartford Hartford's premier InsurTech community
©2017 InsurTech Hartford Hartford's premier InsurTech community
Agenda
Time Activity
5:30 Registration Begins
6:00 Introductions and pitches
6:30 Networking, Teaming, and pizza
7:00 Prototyping
9:00 Presentations
9:30 Judging
9:45 Recognition
10:00 Wrap-up
Location
Upward Hartford
20 Church Street, 17th Floor, Suite 1780
Hartford, CT 06103
Facilitator
Stacey Brown (InsurTech Hartford)
Sponsor & Mentor
Shana Schlossberg (Upward Hartford)
Mentors & Judges
Tim Laubacher (Launch EZ)
Nathan Eusko (Entrepreneur)
SB Chatterjee (Entrepreneur)
©2017 InsurTech Hartford Hartford's premier InsurTech community
Introduction to Upward Hartford
Mission Statement
Upward Hartford makes innovation
accessible to every member of the
community
Upward Hartford
• A new hub of innovation
• Office & shared working space for
entrepreneurs, start-ups, and
developers
• Loaded with resources, access to
mentors, and events
Meet Katlyn Morgan
©2017 InsurTech Hartford Hartford's premier InsurTech community
Introduction to InsurTech Hartford
What Is InsurTech Hartford?
Vision Statement
InsurTech Hartford seeks to be Hartford’s premier InsurTech community
Mission Statement
InsurTech Hartford is a platform for advancing the insurance industry through new innovations. We bring Hartford's insurance giants
together with passionate and creative minds and skills to drive change from within the industry.
We will deliver our mission by
• Providing entrepreneurs with programs and events to create pathways for success
• Running a robust InsurTech Incubator Program
• Partnering with various Accelerators
• Providing investors with high quality, abundant start-up investment opportunities
• Providing stakeholders to the Insurance community access to innovative solutions and resources to drive the industry forward
• Collaborating with State and Local Agencies, and the greater Hartford community
©2017 InsurTech Hartford Hartford's premier InsurTech community
Introduction to InsurTech Hartford
What Is InsurTech?
InsurTech refers to using technology to create new or improve existing ways
of running the insurance industry.
InsurTech scope
Leverage existing and emerging technology
• To change delivery of insurance products
• To improve claims management
• Managing regulatory requirements
• For innovating new insurance products
• To help insureds proactively reduce risk
• To increase the speed and scale of the industry
©2017 InsurTech Hartford Hartford's premier InsurTech community
Introduction to InsurTech Hartford
Why Is InsurTech A Big Deal?
If you are an insurance company, you care about InsurTech because:
• Disruptive start-ups threaten taking away your business
• Entrepreneurs can do things you cannot that will change your
business
If you are a VC investor, you care about InsurTech because:
• The market place has huge growth potential ($3.9T in 2016)
• Insurance is behind the tech curve
Techies and insurance experts care about InsurTech because:
• Entrepreneurs needs subject matter experts and techies
• There’s a ton of new, cool tech awaiting mastery
If you are an entrepreneur, you care about InsurTech because:
• Capital is abundant, many new VC entrants
• Insurance companies need access to talent
©2017 InsurTech Hartford Hartford's premier InsurTech community
Aetna, Travelers, Cigna, The Hartford, United Health, Munich Re, Phoenix, Hartford Steam Boiler, XL Catlin,
Mass Mutual, Lincoln Financial, Anthem, ConnetiCare, Voya
Introduction to InsurTech Hartford
Why Hartford?
Why not?
Hartford is known as the Insurance Capital of the World. Did you know:
• Connecticut ranks #1 for insurance jobs per capita (U.S. Census Bureau/CERC)
• Connecticut - $32.8 billion in direct written premiums (CT Insurance Department)
• Connecticut ranks #1 in the U.S. for direct written health premiums (CT Insurance
Department)
Hartford is the front door to many of the world’s largest insurance companies
©2017 InsurTech Hartford Hartford's premier InsurTech community
InsurTech Programs in the Area
InsurTech Hartford Incubator
• A number of investors ready to fund idea-stage companies
• Qualification will happen via hackathons and other events
• Will include insurance company mentorships
InsurTech Hub Accelerator
• UCONN led application for Innovation Places contest for
state grant
• Supported by The Hartford, Travelers, XL Catlin, Hannover,
Phoenix & Cigna
ACORD Insurance Innovation Challenge
• Applications to close June 2
• Semi-final event will be in New York on June 22nd
• Finals at the ACORD 2017 Conference in Boston, October
24th-26th
TechStars Startup Program
• Accelerator program to help startups
• InsurTech is only one part of it
InsurTech Boston
• Thursday, June 15th 2017
• 5:00 pm - District Hall, Boston MA
Venture Clash
• Applications close June 9
• 1st place – 1 x $1.5m investment
• 2nd place – 2 x $1m investment
• 3rd place – 3 x $500k investment
©2017 InsurTech Hartford Hartford's premier InsurTech community
Protohack Prep
Rules
• No eye gouging
• Breaks – when you need to
• Cameras – welcome for sharing the
event, but not anyone else’s work
without permission – tag
@InsurTechHfd and
@UpwardHartford
• No conflicts of interest – no sharing
IP that is not yours – your own
original work is key
Legal
• Participation is optional and does not
constitute employment, joint venture,
or partnership relationship with
sponsors
• InsurTech Hartford will have all rights
to copy, edit, publicly display, publicly
perform, broadcast, publish and use, in
whole or in part, any content, in any
manner without compensation
• Participants will not receive any
compensation from sponsors’ in
connection with any entries.
©2017 InsurTech Hartford Hartford's premier InsurTech community
What’s a Prototype?
Storyboards Screen Mockups 3D Objects
©2017 InsurTech Hartford Hartford's premier InsurTech community
Evaluation Criteria
Judges will rate the final presentations based on the criteria below. The
scores will be tallied, and the highest score wins.
Criteria Scoring Options
Problem / solution fit 1-5
Speed to deliver value 1-5
Provides for a differentiating user experience 1-5
Viability (Can the idea work in real life?) 1-5
Degree of impact / disruption to the industry 1-5
Quality of the presentation 1-5
©2017 InsurTech Hartford Hartford's premier InsurTech community
Idea Pitches
• Connected Aging
• Using IoT to enable aging in place, driving cost out of healthcare
• Health One +
• Social model to help address underinsured families
• Insure Me
• Insurance targeting millennials
• AI Insurance Engine
• AI & bots help people find the right coverage
• Insurance Public Data Lake
• A public data lake to help the insurance marketplace
©2017 InsurTech Hartford Hartford's premier InsurTech community
Get The Word Out
Future Events
• InsurTech Panel (est – June 29)
Help grow our community!
• Twitter - @InsurTechHfd
• Facebook – http://www.facebook.com/insurtechhartford
• Web – http://www.insurtechhartford.com
• Meetup - https://www.meetup.com/InsurTechHartford/
We need help!
If you or someone you know would like a
speaking engagement, please contact
Stacey Brown
stacey.brown@insurtechhartford.com

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InsurTech Hartford Protohack Event - May 16, 2017

  • 1. InsurTech Hartford InsurTech Startup ProtoHack May 16, 2017 InsurTech Hartford Hartford's premier InsurTech community
  • 2. ©2017 InsurTech Hartford Hartford's premier InsurTech community Agenda Time Activity 5:30 Registration Begins 6:00 Introductions and pitches 6:30 Networking, Teaming, and pizza 7:00 Prototyping 9:00 Presentations 9:30 Judging 9:45 Recognition 10:00 Wrap-up Location Upward Hartford 20 Church Street, 17th Floor, Suite 1780 Hartford, CT 06103 Facilitator Stacey Brown (InsurTech Hartford) Sponsor & Mentor Shana Schlossberg (Upward Hartford) Mentors & Judges Tim Laubacher (Launch EZ) Nathan Eusko (Entrepreneur) SB Chatterjee (Entrepreneur)
  • 3. ©2017 InsurTech Hartford Hartford's premier InsurTech community Introduction to Upward Hartford Mission Statement Upward Hartford makes innovation accessible to every member of the community Upward Hartford • A new hub of innovation • Office & shared working space for entrepreneurs, start-ups, and developers • Loaded with resources, access to mentors, and events Meet Katlyn Morgan
  • 4. ©2017 InsurTech Hartford Hartford's premier InsurTech community Introduction to InsurTech Hartford What Is InsurTech Hartford? Vision Statement InsurTech Hartford seeks to be Hartford’s premier InsurTech community Mission Statement InsurTech Hartford is a platform for advancing the insurance industry through new innovations. We bring Hartford's insurance giants together with passionate and creative minds and skills to drive change from within the industry. We will deliver our mission by • Providing entrepreneurs with programs and events to create pathways for success • Running a robust InsurTech Incubator Program • Partnering with various Accelerators • Providing investors with high quality, abundant start-up investment opportunities • Providing stakeholders to the Insurance community access to innovative solutions and resources to drive the industry forward • Collaborating with State and Local Agencies, and the greater Hartford community
  • 5. ©2017 InsurTech Hartford Hartford's premier InsurTech community Introduction to InsurTech Hartford What Is InsurTech? InsurTech refers to using technology to create new or improve existing ways of running the insurance industry. InsurTech scope Leverage existing and emerging technology • To change delivery of insurance products • To improve claims management • Managing regulatory requirements • For innovating new insurance products • To help insureds proactively reduce risk • To increase the speed and scale of the industry
  • 6. ©2017 InsurTech Hartford Hartford's premier InsurTech community Introduction to InsurTech Hartford Why Is InsurTech A Big Deal? If you are an insurance company, you care about InsurTech because: • Disruptive start-ups threaten taking away your business • Entrepreneurs can do things you cannot that will change your business If you are a VC investor, you care about InsurTech because: • The market place has huge growth potential ($3.9T in 2016) • Insurance is behind the tech curve Techies and insurance experts care about InsurTech because: • Entrepreneurs needs subject matter experts and techies • There’s a ton of new, cool tech awaiting mastery If you are an entrepreneur, you care about InsurTech because: • Capital is abundant, many new VC entrants • Insurance companies need access to talent
  • 7. ©2017 InsurTech Hartford Hartford's premier InsurTech community Aetna, Travelers, Cigna, The Hartford, United Health, Munich Re, Phoenix, Hartford Steam Boiler, XL Catlin, Mass Mutual, Lincoln Financial, Anthem, ConnetiCare, Voya Introduction to InsurTech Hartford Why Hartford? Why not? Hartford is known as the Insurance Capital of the World. Did you know: • Connecticut ranks #1 for insurance jobs per capita (U.S. Census Bureau/CERC) • Connecticut - $32.8 billion in direct written premiums (CT Insurance Department) • Connecticut ranks #1 in the U.S. for direct written health premiums (CT Insurance Department) Hartford is the front door to many of the world’s largest insurance companies
  • 8. ©2017 InsurTech Hartford Hartford's premier InsurTech community InsurTech Programs in the Area InsurTech Hartford Incubator • A number of investors ready to fund idea-stage companies • Qualification will happen via hackathons and other events • Will include insurance company mentorships InsurTech Hub Accelerator • UCONN led application for Innovation Places contest for state grant • Supported by The Hartford, Travelers, XL Catlin, Hannover, Phoenix & Cigna ACORD Insurance Innovation Challenge • Applications to close June 2 • Semi-final event will be in New York on June 22nd • Finals at the ACORD 2017 Conference in Boston, October 24th-26th TechStars Startup Program • Accelerator program to help startups • InsurTech is only one part of it InsurTech Boston • Thursday, June 15th 2017 • 5:00 pm - District Hall, Boston MA Venture Clash • Applications close June 9 • 1st place – 1 x $1.5m investment • 2nd place – 2 x $1m investment • 3rd place – 3 x $500k investment
  • 9. ©2017 InsurTech Hartford Hartford's premier InsurTech community Protohack Prep Rules • No eye gouging • Breaks – when you need to • Cameras – welcome for sharing the event, but not anyone else’s work without permission – tag @InsurTechHfd and @UpwardHartford • No conflicts of interest – no sharing IP that is not yours – your own original work is key Legal • Participation is optional and does not constitute employment, joint venture, or partnership relationship with sponsors • InsurTech Hartford will have all rights to copy, edit, publicly display, publicly perform, broadcast, publish and use, in whole or in part, any content, in any manner without compensation • Participants will not receive any compensation from sponsors’ in connection with any entries.
  • 10. ©2017 InsurTech Hartford Hartford's premier InsurTech community What’s a Prototype? Storyboards Screen Mockups 3D Objects
  • 11. ©2017 InsurTech Hartford Hartford's premier InsurTech community Evaluation Criteria Judges will rate the final presentations based on the criteria below. The scores will be tallied, and the highest score wins. Criteria Scoring Options Problem / solution fit 1-5 Speed to deliver value 1-5 Provides for a differentiating user experience 1-5 Viability (Can the idea work in real life?) 1-5 Degree of impact / disruption to the industry 1-5 Quality of the presentation 1-5
  • 12. ©2017 InsurTech Hartford Hartford's premier InsurTech community Idea Pitches • Connected Aging • Using IoT to enable aging in place, driving cost out of healthcare • Health One + • Social model to help address underinsured families • Insure Me • Insurance targeting millennials • AI Insurance Engine • AI & bots help people find the right coverage • Insurance Public Data Lake • A public data lake to help the insurance marketplace
  • 13. ©2017 InsurTech Hartford Hartford's premier InsurTech community Get The Word Out Future Events • InsurTech Panel (est – June 29) Help grow our community! • Twitter - @InsurTechHfd • Facebook – http://www.facebook.com/insurtechhartford • Web – http://www.insurtechhartford.com • Meetup - https://www.meetup.com/InsurTechHartford/ We need help! If you or someone you know would like a speaking engagement, please contact Stacey Brown stacey.brown@insurtechhartford.com