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Insurance Accelerators: A Market Scan

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4 October 2017

Accelerators are playing an increasing role in helping insurance carriers access startups and startup technology. This report provides a closer look at the accelerator landscape and profiles several insurtech accelerators.

Key research questions

  • What are the key characteristics of the insurance accelerator market?
  • What are the major focus areas of insurance accelerators?
  • What should insurance carriers consider when evaluating accelerators?

Abstract

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.