WERK1, Munich's incubator for digital entrepreneurship, together with Bavaria's leading insurance companies and the Bavarian State Ministry for Economic Affairs and Media, Energy and Technology, is looking for innovative business models that will sustainably change the insurance industry.
With around 430 million insurance contracts and a Sales of around 193 billion euros per year The insurance industry is one of the most important economic sectors in Germany. Similar to the financial sector In recent years, a sustained trend toward online business has also become apparent in the insurance industry. New customer needs and changing user behavior are increasingly making the traditional sales model obsolete and requiring providers to rethink their approach. The future belongs to digital technologies that make it possible to offer products to smartphone users in a simple and transparent way.
This is precisely where the newly announced InsurTech Accelerator Program from WERK1 comes in. Renowned insurance companies such as Allianz, ARAG, Nuremberg Insurance Group, Bavarian Insurance Chamber and Munich Re.
The application deadline is May 22, 2016
The five best startup and innovation teams will be supported in the further development of their concepts in a 6-month intensive program. They will receive individual support from internationally renowned coaches and mentors in Total value of 80,000 euros, the opportunity to present their concept to leading representatives of the insurance industry and investors as well as numerous opportunities to exchange ideas with other founders from the digital entrepreneurship scene.
The contact person for the InsurTech Accelerator Program is Karin Bernlochner.
