Swiss Re announces insurance tech accelerator program

BANGALORE, INDIA: Global reinsurance company, Swiss Re announced has launched InsurTech accelerator to help startups develop business solutions that could revolutionize the way (re)insurance conducts business.

The accelerator programme will help mentor and curate startups in India aimed at disrupting insurance practices.

The themes identified for the programme include the Internet of things (home, industrial, health and motor), Systems of engagement (innovative distribution channels and models, digital assistants/ Robo advisors etc.)' and Smart analytics (across insurance value chain).

"Fintech is already disrupting the wider financial services world and is now starting to make its mark on insurance. The Accelerator programme provides a great opportunity for innovative startups to develop their products and business case. And it allows Swiss Re to connect with innovative, new companies to share ideas and learning," said Jason Richards, Head P&C Business Management and Technology , Reinsurance, Swiss Re.

For the first programe, up to five startups in India will be selected.

During the programme, startups will have access to the global expertise and insights from the Swiss Re team, mentors from the industry, and technical enablement to work effectively from the Swiss Re, Bangalore office. At the end of 16 weeks, the selected startups will present their learnings and achievements to our ecosystem partners, potential investors and a panel of judges.

Programme will commence in July 2016. Interested startups can apply here.