Accelerators have been in existence for some time. They have increased in numbers in recent years. Corporations and investment firms are partnering with accelerators to gain early access to startup companies which are developing the latest technologies in their industries.

Technologies coming out of startups in accelerator programs have been adopted by industry leaders in nearly every sector. In many cases, technology has improved the overall customer experience, driven efficiencies and expense savings, and fueled growth and revenue increases. Recently, a wave of accelerators with an insurance focus has done exciting work, gaining attention from leading insurers, other established firms, and startups themselves.