The New York startup scene is teeming with innovative companies leveraging technology to redefine and disrupt traditional sectors, notably the insurance industry. Here, we shine a light on some of the most intriguing insurance startups in the heart of the Big Apple. These companies are pushing the boundaries of the insurance space, employing concepts like artificial intelligence (AI), fintech, and more to redefine how we understand, purchase, and manage our insurances.
These startups are attempting to meet the demands of the modern consumer by offering more streamlined and efficient solutions to traditional methods. From life insurance to health and employees benefits insurances, these companies encompass a broad range of insurance offerings. Each startup is innovating in their own unique way, adding value to an industry ripe for digital transformation.
Furthermore, New York’s rich entrepreneurial ecosystem serves as the perfect environment for these ambitious entities to thrive. Below, we profile several New York-based insurance startups disrupting the space and leading the way toward a more progressive and consumer-centric insurance landscape.
Dayforward
Dayforward is a life insurance platform designed to bring financial security to families. Founded by Aaron Shapiro and Mallika Khandelwal, the startup operates in the family, financial services, InsurTech, and Life Insurance sectors.
EvolutionIQ
EvolutionIQ, founded by Michael Saltzman and Tomas Vykruta, is an AI startup offering claims guidance solutions for insurance companies and carriers. It operates in the artificial intelligence, commercial insurance, fraud detection, insurance, and risk management industries.
Nayya
Cover Whale
Cover Whale, founded by Daniel Abrahamsen, is an insurance startup using data to make our roads safer. It is a unique blend of financial services, insurance, InsurTech, and transportation.
Nava was founded by Brandon Weber, Donald DeSantis, and Kareem Zaki. It provides employee benefits brokerage services with a focus on affordable healthcare. It operates in the employee benefits, health care, insurance, and InsurTech industries.
Parametrix Insurance
Parametrix Insurance was created by Neta Rozy, Ori Cohen, and Tamir Carmel. It creates parametric insurance policies focusing on external software downtime, tailored to technology-dependent businesses. Their industry categorization includes financial services, fintech, information technology, insurance, InsurTech, and software.
Parento
Founded by Dirk Doebler, Parento is an insurance agency for company-paid maternity and paternity leave policies. It operates within the human resources and insurance industries.
Remedy Logic
Remedy Logic offers an AI-based diagnosis platform for doctors. It operates within the artificial intelligence, health care, and health insurance industries.
Mira
Mira, founded by Khang T. Vuong, is reinventing health insurance to offer essential care for as low as $45 a month. The startup is active in the health care, health insurance, information technology, and wellness fields.
Insurtech NY
Insurtech NY, founded by Brett Smith, David Gritz, and Tony Lew, serves as a resource for the insurance innovation community in the New York metropolitan region and beyond. They operate mainly in business development, consulting, and insurance industries.
Vantage Insurance Partners
Vantage Insurance Partners aim to build long-term alignment with business partners. They are centered around business development, insurance, and professional networking.
Golconda Partners
Golconda Partners is an independent insurance company offering traditional life insurance and annuity investment accounts. They operate within the financial services, insurance, and life insurance sectors.
Surevested
Founded by Jessica Lepore, Surevested is an AI-powered life insurance agency operating in the financial services, insurance, InsurTech, and life insurance industries.
Mindworx
Mindworx operates within the health care, insurance, psychology, therapeutics, and wellness industries. They aim to disrupt the mental healthcare industry.
PM Wealth Management
PM Wealth Management, founded by James Weikart and Marc A. Specht, offers financial planning, retirement planning, insurance, 401(k) plan, and investment management services. They span the financial services, insurance, retirement, and wealth management sectors.
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