Six startups has made it to the first batch of InsurTech accelerator programme of Swiss Re.
Three technology themes identified for the programme include, Internet of things (home, industrial, health and motor), Systems of engagement (innovative distribution channels and models, digital assistants/ Robo advisors etc.) and Smart analytics (application of deep learning and machine learning across insurance value chain).
The six startups identified for this programme include: GOQii, which provides one-on-one mobile coaching and fitness tracking that helps individuals make the shift to a healthier lifestyle. Touchkin which uses mobile-based social sensing to build a predictive care platform and enable proactive personalized care – bringing help to those who need it, from care experts or families. Datasigns is a risk platform that forges traditional & non-traditional data to facilitate financial services to those outside the formal system. It helps financial organisations access new and underserved market. eKincare is an end to end wellness platform that integrates medical records, healthcare services and leverages predictive analytics to design wellness initiatives & reduce healthcare costs. Niki.ai is the first AI-fueled smart-purchasing assistant, with the aim to both revolutionise customer interaction and redefine the buying experience as a whole. Arya.ai is a developer platform for Deep Learning that offers tools to build and customise neural networks, and also provides trainable modules and APIs.
"Managing risk has been our core business for more than 150 years but we have never stood still. We are continuing to collaborate and learn so that we can create smarter solutions with our clients, helping the world rebuild, renew and move forward. And, for the startups, this is a great platform to test new ideas, learn and come up with solutions to close the protection gap. They will also get to understand how a leading wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer can continually innovate", said Alok Kumar, Managing Director, Swiss Re Bangalore.
"We are excited to welcome these innovative startups to our first ever global accelerator programme and are looking forward to engaging with them on innovative solutions for the insurance industry," said Amit Kalra, Head of Strategic Initiatives, Swiss Re Bangalore.
During the programme, startups will have access to the global expertise and insights from the Swiss Re team, mentors from the industry, and technical enablement to work on challenging global insurance problems. At the end of 16 weeks, the selected startups will present their learnings and achievements to our global leadership, ecosystem partners and potential investors.