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ITA Pro Weekly, January 20,2020

Martha Notaras goes to Brewers Lane, 2020 GIA Cohort, Joshua Snead of Rainwalk, and more…

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REGISTER TODAY for ITA LIVE April 5 – 7, 2020 at the Diplomat Resort in beautiful Hollywood, Fla.!

This year’s event, “Insurtech in Action: Preparing Your Business for Insurtech 2.0,” will focus on the practicalities of preparing your business for adopting and implementing the latest insurtech advances, with more than 20 interactive presentations, panel discussions, and roundtables.

Seating is limited; sign up today to take advantage of the early-bird registration rate of $699.00.

 
New VC firm Brewers Lane has brought on industry veteran Martha Notaras as managing partner. Notaras previously led XL Innovate, a leading property and casualty insurtech VC fund that invested in Cape Analytics, Lemonade, Slice, and Pillar Technologies, among others.
 
“I am excited to join Brewer Lane Ventures and partner with John Kim to identify the dynamic companies that will lead the next market expansion in insurtech,” said Notaras.

The Global Insurance Accelerator (GIA) has announced the launch of its sixth cohort on January 14, with eight insurtech companies coming to Des Moines, Iowa for the accelerator’s annual 100-day program.

“This year’s cohort of companies is solving big and important problems, each of which continues to align with the GIA’s mission of driving innovation in the insurance industry,” said Nicole Gunderson, managing director of the GIA. “Our mentors, largely insurance professionals, are looking forward to engaging with these insurtech innovators in the months to come.”

With more millennials opting for pet ownership, pet insurance is a ripe market for traditional insurers. Rainwalk Technology is a SaaS cloud-native platform provider for pet insurance that uses machine learning to price and underwrite pet insurance, enabling carriers to quickly and cost effectively offer this increasingly popular product to their customers. In an Electronic Chat, Rainwalk founder and CEO Joshua Snead talks about his plans for the company.

“The high growth of pet insurance isn't the only reason insurers are moving into the market now. Building a presence in the next generation of insurance buyer is critical to the future of every insurer. Carriers like Nationwide are finding considerable success in attracting the millennial market by offering pet insurance coverage, then convincing them to bundle their auto and home to save more. Insurers that don't offer this benefit risk losing customers to those that do.”

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