This article showcases our top picks for the best New York based InsurTech companies. These startups and companies are taking a variety of approaches to innovating the InsurTech industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovative ideas
- Innovative route to market
- Innovative product
- Exceptional growth
- Exceptional growth strategy
- Societal impact
Top New York InsurTech Companies
Lemonade operates as a full-stack insurance company powered by AI and behavioral economics and driven by social good. It is a licensed insurance carrier, offering homeowners and renters insurance.
Lemonade replaces brokers and bureaucracy with bots and machine learning, delivering zero paperwork and instant everything. The company uses artificial intelligence and behavioral economics to set rates for the homes and renters it insures.
Lemonade was founded in 2015 and is headquartered in New York, NY, United States.. .
Oscar is a health insurance company that offers individual and family plans, medicare advantage, and small group products. It employs technology, design, and data to humanize health care.
The company offers plans to individuals, couples, and families living in parts of New York, New Jersey, California, and Texas who don’t receive health insurance from an employer. Founded in 2012, Oscar Health is headquartered in New York, New York, United States..
Policygenius is an insurance tech-startup that specializes in providing financial protection. The company focuses on providing solutions in the fields of finance, insurance, and insure-tech.
Policygenius was founded in 2014 and headquartered in New York, United States.. .
Jones is a software company that rebuilt liability management for real estate companies who want do less and get more – much more. We are solving one of the most archaic and outdated processes in commercial real estate – insurance certificates.
For owners, managers and developers who need to solve insurance compliance for everyone in the value chain, Jones is the simplest solution ever made.. .
Slice Labs is the insurance engine behind tomorrow’s cloud-based, on-demand digital services ecosystems for the new economy. Through Slice’s Insurance Cloud Services (ICS) platform, Slice is enabling insurers, technology companies, and other service providers to build truly intelligent and intuitive, pay-as-you-go digital insurance products protecting the insured anytime and anywhere.
Slice is licensed in the US and the UK, and recently launched in Asia Pacific.. .
Thimble is an insurance producer enabling small businesses to succeed on their own terms. The company provides liability coverage for customers in more than 100 professions including landscapers, beauticians, dog walkers, handymen, DJs, and musicians.
It also offers flexible, short term, and versatile insurance to small businesses, independent workers, and freelancers. Thimble allows the company to expand from its roots as a pioneer of drone insurance to a full partner for all small businesses and modern workers as they grow in the on-demand economy.
It also allows small businesses to obtain A-rated insurance for every job with the help of some amazing partners. Thimble was founded in 2015 and is headquartered in New York, USA..
Boost powers white-labeled digital insurance programs for leading technology companies and emerging startups. Building on Boost enables companies across all segments to offer modern insurance products through a fully embedded experience within their own front-end environments.
Boost’s infrastructure-as-a-service platform significantly reduces the cost of building and managing an insurance company by packaging the necessary operational, compliance, and capital components and making them accessible through a simple API integration. Boost’s partners build enterprise-level insurance businesses while focusing on exceptional digital customer experience and product innovation.
Boost handles the rest in the background by automating all policy and claims admin workflows on their behalf – from quote to purchase to claim and beyond. Boost Insurance Agency, Inc.
is licensed to produce any commercial or personal line of P&C insurance across all 50 states and creates ‘A’-rated products that are built for the modern world and fully backed by global leaders across the industry. For more information, please visit www.boostplatform.io..
TheGuarantors is a FinTech company that offers innovative risk and financial solutions for the real estate ecosystem. With a focus on data and industry expertise in real estate, risk, and finance, TheGuarantors has created winning opportunities for landlords, leasing staff, brokers, renters, and tenants by taking the risk out of the leasing process and making it more efficient at the same time.
While Guaranti solves for risk on the multifamily side, Securiti is bringing office landlords and tenants closer together by making the security package cheaper and easier to buy. We are rethinking industry inefficiencies and market needs to create solutions where everyone wins.
TheGuarantors were named to CNBC’s 2018 Upstart 100 list of promising startups to watch.. .
Kindur is a new-kind of financial company that helps baby boomers embrace modern retirement. Through Kindur’s straight forward digital advice, we make sense of your savings, insurance, social security and healthcare costs so that you can focus on enjoying your hard-earned retirement with confidence.
We want you to always know where you stand, how much you have to spend and help you prepare for the unexpected. Our signature retirement paycheck puts you in the driver’s seat to retire fearlessly.
Learn more at www.kindur.com. .
For employers and project based workforces who work in media production, Wrapbook provides digital profiles that facilitate onboarding, paying and insuring workforces compliantly. Unlike traditional payroll, Wrapbook is easy to use, fast to wrap, and costs less.
Wrapbook is enabling the world’s very best creative work by empowering producers, creative directors, HR teams & accountants — and talented cast and crew — to focus on their great work and less on complex systems and the burdens of compliance & expensive transactional costs.. .
Broker Buddha is a technology platform that makes it easy for commercial brokers to sell insurance. Founded in 2017, Broker Buddha’s modern, intuitive and high-efficiency workflow enables brokers to reduce time spent on applications and renewals by 80% — opening up time to grow their business and nurture relationships.
ith cutting-edge features and integrations, Broker Buddha’s full-service offering populates insurance applications with prior-year data, so customers can update their information and sign applications with ease. Based in New York City, Broker Buddha serves brokers and their clients across the United States..
OVAL Digital is a smart sensor company that makes indoor home monitoring and awareness accessible, easy, private and discreet. OVAL smart sensors make your life easier and your home safer.
OVAL sensors monitor motion, light, temperature, humidity and water around your home or office – sending alerts to your phone or email, anywhere in the world, instantly.. .
Leverton, an MRI Software Company, provides AI-powered data extraction and contract analytics platform helping businesses to extract and analyze key structured data out of their corporate and legal documents. Trusted by over 200 of the Fortune 1000, the company’s secure platform includes pre-trained, proprietary OCR and deep learning algorithms that accelerate data discovery and extraction, speeding time to ROI.
With support for 25+ languages and offices in New York, London, and New Delhi, LEVERTON is equipped to meet the needs of the largest global real estate, accounting, consulting and financial organizations. For more information, visit www.leverton.ai..
Stratyfy offers predictive model development and decision optimization solutions for financial institutions built around that deliver the accuracy of machine learning without black box pitfalls. In addition to cutting edge accuracy, all models built on the platform are truly transparent and explainable, allowing the lenders to make consistent, ethical and regulatory compliant data driven decisions.
Stratyfy Solutions are powered by Smartificial Intelligence™, our proprietary explainable AI technology portfolio that combines AI with IQ to augment human expertise instead of trying to replace it with overly complex models. The transparency of our proprietary algorithms allows our solutions to address a range of important problems for financial institutions where machine learning has struggled to deliver value.
Please contact us at [email protected] to learn more about our solutions and see the benefits they can deliver to your business.. .
Blueprint Income is creating the future pension – a simple, pre-determined income stream backed by insurance companies. The concept (known in the industry as an income annuity) has been around for a long time.
Now, Blueprint Income is making it easy for anyone, regardless of employer, age, or wealth, to head into retirement with guaranteed, lifelong income.. .
With Roomer Flex cancellation protection, customers can cancel their vacation for any reason – with no questions asked. Roomer has already protected hundreds of thousands of travelers, with tens of millions of dollars’ worth of travel reservations.
In a very different way from existing insurance companies – When the vacation is cancelled by the customer, Roomer distributes the cancelled reservation in its travel marketplace and distribution network, including Trivago (Expedia), Kayak (Priceline), Skyscanner (Ctrip) and more – and efficiently reduces the costs for travelers.. .
Assurely is the next generation of insurance: market-driven, targeted insurance products; rapidly built and digitally delivered.. Assurely’s first product, TigerMark™, was built to adjust to the changes in the Private Securities industry.
Assurely’s expansion focuses on building new and adapted insurance products to help changing industries and innovative marketplaces grow.. .
LeO is an AI-scaling platform for digital transformation for the insurance industry. Automating multiple customer-facing and agency-facing operations.
LeO’s SaaS solution: Seamlessly integrates with the agency/company’s IT systems, automates processes from A-Z, provides smart insights, and executes upon them.. .
Genoplan provides customized products and services using biotechnology (BT) and information technology (IT). Genoplan is leading the way to create a world where everyone can use their genetic information.
Best Company for Customized Genetic Service: Genoplan tells your genetic predisposition in an easy way. The algorithms developed by Genoplan help companies plan their customized services and products.
Reasons for DNA Analysis: The DNA does not change for the rest of my life. In order to plan a healthier life, it is necessary to identify genetic information in advance and understand my tendency properly.
Companies can offer personalized benefits to customers who want better lives. This will be a new competitive power than has never existed before.
With the Best R&D Team: The Genoplan R&D team is made up of leading experts in biotechnology. Since its establishment, we have accumulated the greatest know-how by concentrating only on analysis of individual DNA.
The entire analysis is conducted using state-of-the-art automated facilities, providing the fastest and the most accurate DNA analysis results.. .
Simplifeye provides SaaS platform for medical offices that connects wearables, like the Apple Watch, to existing health record software. – Provides a modern interface on wearable technology.
– Allows providers to see a high-level view of every patient in their practice that is ready to be seen. – Displays medical alerts and overview of appointment details..
Wellthie is helping to modernize the insurance shopping experience, offering the first and only national small group benefits marketplace designed to help brokers optimize small group sales and carriers maximize product distribution. Wellthie’s enterprise-ready SaaS platform is available to carriers and brokers nationwide.
Visit wellthie.com to learn more.. .
Premonition Analytics is an artificial intelligence system that mines big data to determine which attorneys win before which judges. The company is driving the innovations that make headlines in fields as diverse as legal services, insurance, and healthcare.
The predictive analytics are consulted by decision-makers at Fortune 500 companies, global law firms, leading academic institutions and nonprofits that improve the lives of millions in the developing world. It tells which lawyers win actual cases, when to settle and when to press the advantage.
Premonition Analytics was founded on 2014 and is headquartered in New York.. .
StartSure is a software platform that provides small business insurance. We have simplified the process for reviewing and purchasing affordable, comprehensive office insurance with just a few clicks.
Customers instantly get quotes that are transparent and meet landlord requirements, and are then offered additional coverages to address any other needs.. .
Consumer bill pay sucks! The average consumer makes over 20 recurring payments a year, and has to log in to each biller to manage payments. Gerald is transforming bill pay by providing a solution where you can consolidate all your accounts and pay all your bills on one single app.
We are currently focused on insurance and financial bills. Gerald is pioneering a new realm that combines payments, data, fintech and insurtech to create solutions that empower and reward consumers for doing simple things such as: making timely payments.
Gerald is a NY based and YC backed startup. We are on a mission to empower and reward consumers for making healthy financial and insurance decisions..
Kalepa delivers decision-support software to commercial insurance underwriters. Kalepa’s AI-powered Copilot enables underwriters to focus their time on the highest ROI opportunities and rapidly evaluate, select, and price risk.
By analyzing billions of points of structured and unstructured data, Kalepa’s Copilot augments underwriters with insights and recommendations on every risk. Copilot allows each underwriter to perform at the level of the most experienced and effective underwriters and at top efficiency..
FJA-US is an information technology company specializing in insurance solutions. They deliver an insurance platform that enables you and your employees to perform more efficiently and as a result, distribute more product and cover more people.
They solve complex problems at every phase of the product cycle—from definition to development to distribution. By unifying all aspects of the digital process, they help increase speed-to-market while simultaneously ensuring accuracy and consistency across your entire organization.
Their approach is unique in the industry because they combine the power of a product-centric environment with an understanding of people and process. Their partnership is one focused on shared success..
Risk Control Technologies
Risk Control Technologies Inc. provides insurance carriers a unique combination of high tech loss control software and industry expertise.
This powerful combination allows teams to achieve their overall risk management objectives through the use of both technology and industry best practices. Today, Risk Control Technologies’ community of loss control leaders includes over 80 of the most progressive loss control focused carriers in the world..
Cyberfense is a multinational InsurTech software company with offices in London, New York, and Paris that is focused cyber risk management and risk transfer. It houses a core platform that adopts the company namesake; the Cyberfense platform, hosts a series of products that serve a bridge between enterprises looking to assess cyber risks in a non-invasive way while creating a market for risk management service providers remedy problems.
Cyberfense serves as a sales tool for insurance brokers to engage complex and small supply-chains of enterprises while seamlessly offering the services to manage the risks that are ultimately transferred via insurance premium.. .
Insurent Agency Corporation operates as an insurance company in New York. Through their Insurent® Lease Guarantor Program, they’ve played a key role in developing trust between thousands of creditworthy renters and landlords.
And now that they’ve grown from their original office in NYC to other major cities across New Jersey, Massachusetts, Illinois, Maryland, Virginia as well as Washington DC, they can help even more renters, brokers and landlords build trust than ever before.. .
Schaefer Enterprises is an insurance company specializing in all aspects of business and personal insurance. The company offers a complementary and comprehensive review of businesses’ current policies and present them with cost saving alternatives without compromising their coverage.
Schaefer Enterprises helps identify the right policies to fit their exposures at the best price possible.. .
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