Program Details and Key Dates

THE PROGRAM EXPERIENCE

InnSure will support award winners with an array of services to help companies move from award-winning ideas to in-market insurance solutions over a period of 12 to 18 months.

Support services will include:

  • Needs Assessment: We will help you identify any gaps in your plan for launching a new product or policy.

  • Business Advisor: We will provide access to a business advisor tailored to your areas of greatest need.

  • Ecosystem Introductions: We will introduce you to the ecosystem of players needed to launch your product: data vendors, risk capacity providers, and prospective customers.

  • Demo Day: We will invite you to share your work at a live demo day at the end of the program.

  • Media Promotions: We will promote your participation on InnSure and NYSERDA’s official marketing channels.

TIMELINE

MAY

  • Register here to join us for the launch of the Innovation Prize. See here for the form to submit a Letter of Intent.

  • Informational webinar with more details about the application process and the Innovation Prize.

    1:00PM EDT

  • Letters of intent must be received by 11:59 PM EDT.

JUNE

  • Join us for the InsureTech Insights Event!

  • Randel Bennett from Qixent Consulting will give a presentation on everything you want to know about starting an MGA, including the difference between an MGA vs. Agency vs. Broker. There will be plenty of time for Q&A from the audience.

    Qixent Consulting is a management consulting firm focused on enabling insurance innovation. Through different solutions, and based on their client’s goals, Qixent lends their knowledge and expertise to achieve sustainable results.

    View the recording here.

  • Luke Fraser, CEO of Stepwise Innovation, will lead a webinar exploring essential topics for insurance startups, focusing on the path from Startup Hypothesis to finding Product Market fit. Participants will leave with actionable steps on how to get closer to market launch and success.

    Stepwise Innovation is a research and design firm that helps the insurance industry discover, explore, and experiment with new growth opportunities. Based on the principles of human-centered design, Stepwise has worked with clients like The Hartford, Munich Re, and Guardian Life.

    This webinar is part of the Insurance Innovation Program webinar series.

    View the recording here.

JULY-
AUGUST

  • All applications must be received by 11:59PM EDT on July 22, 2024.

    Apply here.

  • Review committee and judging panel will assess applications against the Evaluation Criteria and make recommendations on the finalists.

  • Finalists for the Innovation Prize will be notified of their status. Finalists will be asked to submit supplemental materials in order to move forward to the pitch round.

SEPTEMBER

  • Finalists will present their product or solution to a judging panel, followed by Q&A with the judges. Individual pitches will be scheduled during the last two weeks of August.

OCTOBER - NOVEMBER

  • Winners of the Innovation Prize will be notified of their status.

  • Leading up to November 6, 2024, each Innovation Prize winner will negotiate a contract with InnSure. Contracts will include a work plan that identifies specific milestones and award amounts per milestone achieved.

  • The Innovation Prize Winners Event will take place in person. Winners will have opportunities to meet InnSure ecosystem partners and present their ideas to the world.

    Location TBD
    New York, NY

2024 - 2026

  • InnSure will conduct a needs assessment and assign business advisors for each award winner. Winners will also receive a list of solution providers, along with a brief company description, service offerings, and introductory contacts. Visit the Partners Page for more information on the partner network.

  • Award winners will implement work plans with support from their assigned business advisor and the InnSure Partner Network.

  • Award winners will convene in person to share progress, network, and engage in mid-program progress updates. Acceleration partners will have opportunities to preview solutions and engage in supporting winners.

    Location: TBD

  • Award winners will present their solutions to a broad community of insurance and energy partners and public.

Note that dates above are subject to change.