Skip to Main Content

ACORD facilitates fast, accurate data exchange and more efficient workflows through the development of electronic standards, standardized forms, and tools to support their use.

BY THE NUMBERS

36K

Participating organizations

3M

Forms downloaded over 10 years

9M

Message transactions annually

LATEST NEWS

Beth Jarecki  
Beth@lpendragonus.com
Jul 22, 2019

Three Start-Ups Named as Finalists in 2019 ACORD InsurTech Innovation Challenge

PEARL RIVER, N.Y., July 18, 2019 -- ACORD, the global standards-setting body for the insurance industry, today announced the three finalists of the 2019 ACORD InsurTech Innovation Challenge (AIIC). The three finalists, who were selected at regional semi-final events in New York, London and Chicago, will face off at the AIIC Global Finals, which will take place in October at ACORD Connect 2019 in Boston, MA.

The AIIC, the world's premier event for innovation in insurance technology, brings together insurance innovators across all lines of business, investors and venture capital partners, technology startups, and industry mentors and experts. Contestants competed for spots in the regional Semi-Finals, where their live pitches to the panel of judges were evaluated based on ingenuity, impact, applicability, and quality of articulation. The selected finalists from each of the Semi-Finals are:

New York

  • Protosure, a no-coding SaaS eCommerce solution for any insurance product line, allowing users to rate, quote, issue on multiple sites simultaneously.

London

  • Riskbook, an online platform where brokers can easily share their risks with a worldwide audience of underwriters, allowing brokers to have access to a large pool of capita for their clients and underwriters to take control of their deal flow and grow their premium income.

Chicago               

  • MakuSafe Corp., an Insurtech SaaS/Data & Analytics company that seeks to improve worker health, safety, and productivity while reducing worker compensation claims and mitigating workplace risks.

"This year's contestants really illustrate how the insurance industry is turning to technology to not only change how it conducts business, but how it fundamentally thinks about that business," said Bijesh Jacob, SVP of Technology & Standards, ACORD. "Leveraging innovations like these to enable standardized data exchange will be key to the evolution of insurance."

The three finalist start-ups will present their innovations at the Final Round in Boston in October, competing for a cash prize of $15,000, as well as other prizes and industry exposure.

Visit www.acordchallenge.org to find out more about the ACORD InsurTech Innovation Challenge.

To attend the AIIC Finals at the ACORD Connect conference, register at www.acordconnect.org.

RECENT LINKEDIN UPDATES

1 hour ago

Join us next Friday, September 27th for the next installment of our CEO Webinar Series: The Next Generation of Insurance Talent. ACORD President and CEO Bill Pieroni will present a study comparing the millennial and post-millennial demographics with other generations within the workforce, focusing within the insurance industry. Learn what insurance organizations need to do to attract, retain, and effectively leverage young talent in order to keep up with the changing market. Register today:

View on LinkedIn
20 hours ago

Curious about what's trending in insurance? Find out at ACORD Connect 2019. Network with insurance leaders and join the discussion about issues facing the industry. Learn more and register at the link:

View on LinkedIn
1 day ago

ACORD is seeking L&A, P&C, GRLC, and AML experts to join the Digital Standards’ Data Dictionary/Naming & Design Rules Subgroup. This technical work group’s primary focus is to ensure the data dictionary and naming and design rules support and align with the User Story data requirements that are provided by the ACORD Digital Standards Initiative. Reach out to standards@acord.org to learn more.

View on LinkedIn