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ITO Scout Columbus 2023
Startups in the Showcase

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Industry Focus

Carriers

Looking to Meet

All Categories

Funding Stage

Series B+

Value Proposition

OpenLegacy empowers insurance companies to modernize their operations seamlessly. By bridging the gap between legacy systems and modern technologies, insurers can accelerate the creation of APIs and microservices, driving faster development of new products and enhanced customer experiences. Streamlining processes and improving agility, OpenLegacy transforms insurance operations, enabling companies to stay competitive and innovative in today's dynamic market.

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Industry Focus

Commercial Underwriting, Underwriters, Carriers, MGAs, Risk Management

Looking to Meet

Carriers & MGAs

Funding Stage

Series B+

Value Proposition

Planck’s AI combined with GenAI technology provides underwriters an unparalleled view of the business risk with data trained specifically for commercial insurance underwriting. Planck’s platform generates customizable real-time underwriting answers that can be used to automate and provide actionable data to improve the underwriting process.

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Industry Focus

Underwriting: P&C Carriers/MGAs

Looking to Meet

Carriers, Investors

Funding Stage

Seed

Value Proposition

Chrp helps residential property insurers catch and prevent claims before they happen. We have the best in breed DIY inspection application (80% completion rate), we analyze those inspection results with the most accurate artificial intelligence capability on the market (checking over 200 hazard points), and then based on your unique underwriting guidelines we will identify any potential hazards in the home and give a bespoke recommendation.

Chrp clients have reduced preventable claim frequency and severity by over 50% using our state of the art inspection based loss prevention platform and program, reducing their loss ratio by up to 8%.

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Industry Focus

P&C and Life Insurance Carriers + AI-product Insurtechs

Looking to Meet

Carriers and Insurtech company leaders in charge of machine learning risk and AI governance

Funding Stage

Seed

Value Proposition

Monitaur is leading the way across the broader insurance industry, helping regulators and customers align around how to build and manage safe and trustworthy AI through holistic model governance. They’ve solved this complex problem for customers Progressive Insurance and Cape Analytics. 

Monitaur’s revenue has increased 5x and operations have expanded into Europe with PwC Germany as their partners. A new round of financing was announced in January 2023 to fuel growth led by Cultivation Capital and former Guidewire executive John True. Other Monitaur investors include insurtech investors Plug and Play and MTech Capital. Also in early 2023, Monitaur announced its invitation to join the Guidewire Insurtech Vanguards program. 

Monitaur’s CEO has been an active contributor to NAIC AI governance efforts, and our latest outcomes with insurtech CAPE Analytics show the art of the possible for AI innovation in insurance when automated model governance is in place.

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Industry Focus

Claims

Looking to Meet

Carriers

Funding Stage

Series A

Value Proposition

iink connects with the insurer, homeowner, mortgage company and restoration professionals to streamline the loss draft process. We help get the insured back in their home faster while reducing frustrations and claim costs such as adjusted living expenses.

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Industry Focus

Claims, Carriers

Looking to Meet

Carriers

Funding Stage

pre-Seed

Value Proposition

CustomerIQ makes every customer feedback interaction, from calls to claims, searchable and synthesized with AI. Now teams can get a deep understanding of trending issues, learn how to improve outcomes, and identify gaps in their offering using data they already have.
 

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Industry Focus

Primarily Carriers, also Brokers, MGAs and Underwriters

Looking to Meet

Carriers, MGAs, agents, brokers, and insuretech investors.

Funding Stage

Seed

Value Proposition

Cyber Pop-up is a Google-backed insuretech company helping small businesses reduce cyber liability claims with innovative, affordable processes that minimize risk. The company’s customer centric platform provides businesses with an easy-to-execute, personalized cybersecurity roadmap that provides a plan for covering all aspects of risk and access to experts and technologies on a pay as you go basis. 


Cyber Pop-up partners with cyber insurance providers to help minimize risks, resulting claims, and increase profit margins by keeping their clients safe from a wide variety of hacks. Cyber Pop-up provides big business security quality for a small business budget, and is led by cybersecurity expert Dr. Christine Izuakor, a former cybersecurity leader for United Airlines.

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Industry Focus

Claims, Carriers

Looking to Meet

Carriers and Investors

Funding Stage

pre-Seed

Value Proposition

Through a marketplace platform, CrashBay delivers auto digital direct repair programs to carriers and fleets looking to increase repair shop capacity and drive down repair cycle time.

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*Website under construction

Industry Focus

Carriers

Looking to Meet

Carriers, TPAs, Investors

Funding Stage

Seed

Value Proposition

Helm has built the first independent Dynamic Coverage health insurance platform in the industry, representing the first fundamental health plan design innovation in 20 years (since the HDHP). Based on the results of growing their in-house health plan for the past 1.5 years, they are now taking their technology to other health plans & TPAs, which has picked up traction quickly. In short, they're enabling everyone else to compete with Surest (fka Bind), which is the fastest growing commercial health plan in the history of UHC, and the only corollary to Helm in-market. 

*We believe our platform may apply equally well to other insurance verticals that experience high dollar/cat claims, where the underlying claims expenses experience a high variation in unit prices. We'd love to speak with experts in other P&C verticals!

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Industry Focus

IT solution best fit for carriers, MGAs, and large agencies

Looking to Meet

Potential Customers and Investors

Funding Stage

pre-Seed

Value Proposition

We're building an AI-powered application middleware platform that helps you connect internal and external (customers/partners/agencies) business systems without the need for developers or consultants.

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Industry Focus

AI/ML engine for underwriters at commercial auto carriers/MGAs

Looking to Meet

Carriers and Investors

Funding Stage

Seed

Value Proposition

Cogo's AI provides best in class analytics of telematics and other data for the Carrier/MGA risk reduction, loss ratios improvement, reduction of fraud, and improving underwriting in commercial auto, including autonomous vehicles. Cogo's patent-pending AI easily integrates into any PAS and underwriter's workbench, is elastic, scalable and cloud-based, has integration with ChatGPT, and reporting through PowerBI, making it easy to use and providing low TCO for enterprise users.

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Presenting Partner

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Premier Partners

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Social +Scout Sponsor

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