Growing the future of insurance – 16 Startups for Plug & Play Batch #0 selected!

Two weeks ago, the InsurTech Hub Munich kicked off its partnership with the global innovation platform Plug & Play with a first joint event, the Selection Day for the Plug & Play InsurTech Batch #0 at Isarpost in Munich.

Amongst the diverse crowd of 25 startups were home-grown local heroes as well as international Startups; each pitching their ambitious ideas that would innovate and shake up the insurance industry we know today. Ideas spanned from providing solutions in the fields of telematics, big data, e-health, digital processes, AI and claims management. Following the larger pitch session, Startups and representatives of all InsurTech Hub Munich member insurance firms mingled, exchanged ideas, contacts and thoughts on potential business collaborations.

As a result of this first fruitful session, we are happy to announce the 16 outstanding startups, which have been selected for the upcoming Batch #0 of the Plug & Play InsurTech program in Munich:

Bleenco creates human centered AI software that detects human actions & behavior from a video, audio and physiological sensors to prevent accidents, improves well-being and boosts safety on the road, at the factory and many more places.

Bodylabs is the first professional healthcare provider that generates personalized prevention programs based on the most relevant human biomarkers.

Digital Fineprint
Digital Fineprint uses AI to help insurers leverage social data to generate & convert insurance leads.

Evertracker’s platform automates and optimizes logistics by reducing theft, increasing transparency and thus, a reduction of claims on insurances.

FairFleet is your full-service partner for drone services.

Fing Ltd
Fing, the award-winning network security device (CES 2018), has a unique ability to identify connected devices by brand, make and model and to detect intruders, block devices and help you with Wi-fi and Internet troubleshooting.

Click-Ins, through its revolutionary product – getmeins™, concentrates its efforts at helping carriers predict fraud at point of sale as well as point of claim using a holistic approach that leverages military-grade intelligence techniques.

IMburse is a cloud-based technology platform that enables companies to collect and pay out in any market, any currency and any technology via a single integration.

Instanda provides insurers, brokers and MGAs with a software tool to move from product concept, to binding online, in a matter of weeks.

LexaTexer uses a machine learning platform to offer predictive analytics, to help the finance and insurance sectors to direct risk assessment and to support the automation of underwriting and claims processing by analyzing unstructured information.

omni:us is a next generation AI service which closes the gap in machine-to-machine information when it comes to claims management and automated policy processing.

Onegini empowers insurers to accelerate their digital transformation, by providing a Customer Identity and Access Management platform for Finance to get their customers, brokers and business partners online.

RightIndem transforms the customer’s experience while at the same time dramatically reducing insurer operational expenses and indemnity cost.

Shift Technology
Shift Technology provides insurance companies with an innovative SaaS solution to improve and scale fraud detection – leveraging advanced AI, Machine Learning and Big Data technologies.

Slice Labs Inc. is a startup technology company offering a cloud-based, on-demand, pay-per-use insurance platform.

Xapix’s software uses the automation to make data transformation, normalization, and integration more powerful.

In addition to the Plug & Play program, the InsurTech Hub Munich also hosts an early-stage InsurTech Accelerator in order to support InsurTech founders across all early phases. The W1Forward program functions to support founders validate their ideas and concepts and bring their products to life in cooperation with the major players of the insurance industry. For the upcoming Batch #3 of the revamped program, the applicant pool is growing every day and is already composed of a large range of international Startups. If you’re interested in applying, applications are still open until April 6th, so spread the word! (>> Apply here <<)

We can’t wait for what the next batches will bring and are excited to see the InsurTech Hub Munich grow into the epicenter of digital insurance!