Hartford Business Journal Special Editions

Doing Business in Connecticut 2018

Issue link: https://nebusinessmedia.uberflip.com/i/992084

Contents of this Issue


Page 55 of 115

56 | DOING BUSINESS IN CONNECTICUT | 2018 2018 | DOING BUSINESS IN CONNECTICUT | 56 at Startupbootcamp's Demo Day as he announced the company's move to the capital city: "Hartford is our future. We have already signed up with Travelers and another major company and are looking for more partners." Two other companies have also said they are moving to Connecticut's insurance capital from overseas. Boundlss, from Australia, builds personal health coach apps that health and life insurers can use to attract, reward and retain healthy members, and understand and improve member health. Its artificial- intelligence health assistant and conversational platform helps insurers deliver highly engaging, scalable preventative health, sales and claims conversations. The fledgling company expects to realize $5 million in revenue by next year. Pentation Analytics, from India, has also said it will set up shop in Hartford. The Big Data Analytics company – which enables insurers and intermediaries to better engage with policyholders – offers an insurance analytics suite that provides predictive intelligence and process-automation tools to address the core insurance use cases: increasing retention, cross-sales and optimizing claims. Another participant in the program was U.S.-based ViewSpection, which has an app and web platform that allows a policyholder to do his or her own property inspection. The company delivers a detailed, interior property survey to an insurance agent or carrier within days, compared to weeks with the traditional loss-control inspection model. Beyond delivering a faster, more cost-effective inspection report, ViewSpection creates a deeper connection between the carrier, agent and the policyholder, involving them in the process and removing friction. Jay Kramer, the company's chief executive officer, said his company is growing rapidly. "Traditional inspections are out of sync with today's digital world," he said. "ViewSpection gives you a virtual tour while you are sitting at your desk – and it costs 80 percent less than traditional inspections." Six other companies were also part of Startupbootcamp. Rozie AI, from the United States, offers an artificial intelligence platform to design personalized customer engagement and robust business intelligence solutions for businesses. The emphasis on design and operations allows Rozie AI to deliver technology that is easy to adopt and integrate into existing processes. The company takes a partnership engagement approach with clients to build a joint vision, continually optimize business operations and deliver aggregate intelligence. U.S.-based SecureHome offers an innovative solution that provides critical protection against cyber criminals attacking smart homes and small offices. With SecureHome, insurers can launch new personal lines of business for cyber protection, proactively manage their payout risks for property and casualty policies, and collect key smart-home data while delivering value to consumers very early in the customer acquisition cycle. StaTwig, from Singapore, employs blockchain and "Internet of Things" technology to provide real-time, tamper-proof, end-to-end tracking that identifies problems and inefficiencies in any supply chain. TrueDime, an American company, provides people who are self- employed – including freelancers, sole proprietors and small business owners – with a benefits platform that meets their unique needs. Ubios, from Canada, helps residential multi-tenant buildings to prevent water leaks and lower their energy costs. Ubios' solution integrates Internet of Things with Artificial Intelligence to automate a building's water security and energy usage. Yaxa, from the United States, provides a real-time risk monitoring and threat-remediation platform for businesses seeking to actively detect and block malicious behavior. Yaxa provides protection against threats by understanding the individual user's normal data access patterns (file activities, log-in time, data base, ssh, web apps, etc.) taking automatic action when users deviate from past patterns. Yaxa follows the concept "trust but verify." Partners in Hartford InsurTech Hub include Cigna, The Hartford, Travelers, USAA, White Mountains Insurance Group, Clyde & Co., CTNext, Crawford, the City of Hartford, the MetroHartford Alliance, Rainmaking, Deloitte, Cisco, Amazon Web Services, Eos Venture Partners and HubSpot. Michelle Cote, managing director of the Connecticut Center for Entrepreneurship & Innovation, and Sabine VanderLinden, CEO of Startupbootcamp InsurTech, thank partners of Hartford InsurTech Hub at the accelerator's Demo Day, held April 18 at the Bushnell Performing Arts Center. [Photos courtesy of The InsurTech Accelerator, Hartford] INSURANCE & FINANCIAL SERVICES

Articles in this issue

Archives of this issue

view archives of Hartford Business Journal Special Editions - Doing Business in Connecticut 2018