InsurTech NY
895 Broadway, 5th Floor, New York, NY, 10003, United States
Overview
Insurtech NY serves as a resource for the insurance innovation community in the New York metropolitan region. Insurtech NY, which was founded in 2019, hosts bi-monthly seminars that bring together carriers, brokers, investors, and Insurtech companies. The objective of Insurtech NY is to attract talent to insurance, make regulation more innovative, attract Insurtechs to the New York metro region, and increase access to financing.
- Total investments
- 4
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 3
Sector focus
- Business Development
- Consulting
- Events
- Insurance
- InsurTech
Investment portfolio
- Deep Vector
Led · Seed · Jan 2025
Deep Vector (formerly Loss Scan) is an AI platform that analyzes underwriting documents and automates extraction of data from complex loss runs, Acord forms, motor vehicle records, and business records. The product uses a proprietary algorithm and machine learning to classify documents from a library of 5,600+ carrier-specific formats and translate them into usable data for carriers, brokers, and risk managers. Over 30 of the top 100 insurance brokerages and numerous carriers, underwriters, MGAs, and brokers have adopted Loss Scan. The company is positioning itself as the default translation layer for insurance data extraction and is expanding the platform to support finance, healthcare, and government sectors. Deep Vector will showcase its technology at the InsurTech Spring Conference in April in NYC. Founders Scott Knowles and Wesley Janse van Rensburg previously sold their insurance analytics business Modgic to Zywave, bringing sector experience to the team. Deep Vector closed a $1.5M seed round to fund scaling and go-to-market activities.
- QuickFacts
Participated · Equity · Aug 2024
QuickFacts offers a software platform that consolidates insurance carrier information into a searchable database, enabling side-by-side underwriting comparisons and streamlining brokerage workflows. The product is designed to reduce underwriting calls and can save users up to two hours per day. The company reports a user base of 100 brokerage clients and 2,500 users. QuickFacts was founded by Christy Barsalou and Jeff Barsalou in late 2020 and is based in Halifax, Canada. The startup recently closed an oversubscribed $2.0M funding round to support geographic expansion and team growth. The company has expanded into Canada’s Western provinces and plans to launch into Quebec and the U.S. with this funding. It also plans to add four new staff members this year to support growth.
- Chaiz
Participated · Seed · Aug 2024
Chaiz operates a comparison marketplace for extended car warranties that lets users get quotes in minutes without submitting a phone number or email address. The platform emphasizes transparency and choice to protect consumers from unexpected repair bills and avoid intrusive industry practices. Chaiz aims to empower customers to make informed decisions and potentially save significant amounts on repair costs. The company plans to use its new funding to continue innovating in the breakdown protection space and to expand product coverage to RVs, motorsports, and home appliances. Chaiz was founded by Ryan Hartman, Philippe Koenig, and Reto Bolliger and is based in Austin, Texas.
- Sertis
Participated · Seed · Mar 2024
Sertis offers a Risk Management Platform and risk assessment technology designed to lower insurance premiums and the total cost of risk for proactive owner/operators managing properties. Its platform is positioned to reward commercial property owners for technology deployment through greater risk protection and lower premiums. The company has rapidly expanded its multifamily insurance operations into 34 U.S. states. Sertis’ solutions are framed as innovative software products that underpin its strategic business model and relationships with brokers and independent agencies. Management says the business model and platform have driven investor confidence and industry recognition. The company recently completed an oversubscribed seed funding round, which it says positions it for further growth in the multifamily insurance sector.