MEDICI Top 21 – InsurTech Awards: Scouting for Emerging Disruptors in the Insurance Industry

More than 1,200 InsurTech startups across the globe are taking one of the most complex and massive industries historically by storm. In the US insurance industry alone, net premiums written totaled $1.2 trillion in 2017, with premiums recorded by life/health insurers accounting for 52%, and premiums by property/casualty insurers accounting for 48%. In 2016, insurance carriers and related activities contributed $507.7 billion, or 2.7%, of the US GDP.

To identify the most innovative emerging players in the InsurTech space, MEDICI and EY – as the official partner and sponsor – are proud to launch an international hunt for the world’s up-and-coming disruptors in the insurance industry. MEDICI Top 21 – InsurTech Awards continues the series of awards run by MEDICI and its partners that have seen a tremendous success in cross-segment chapters: MEDICI Top 21 – AI Awards and MEDICI Top 21 – Blockchain Awards.

MEDICI Top 21 – InsurTech Awards is the second collaborative engagement on Top 21 Awards between MEDICI and EY. Previously, EY has also been the official partner of the latest Top 21 Awards finalized in July 2018 – MEDICI Top 21 – RegTech Awards.

If you are one of the best in InsurTech and are looking to showcase what you are doing to millions of people globally, MEDICI Top 21 – InsurTech Awards is your chance.

Only seven companies will be selected in each geographic region – APAC, EMEA, and the Americas. If you are an early-stage disruptive FinTech startup or a growth FinTech startup making waves in InsurTech, and you want to be recognized for the impactful things you are creating, MEDICI Top 21 – InsurTech Awards is the list to be on.

Timeline of MEDICI Top 21 – InsurTech Awards

  1. Applications will be accepted until November 5, 2018, 11:59 PM EST.

  2. The winners of MEDICI Top 21 – InsurTech Awards will be announced by the MEDICI Team the last week of November 2018.

Eligibility for MEDICI Top 21 – InsurTech Awards

  • Early-stage startups founded in 2016 or later.

  • Total funding up to $10 million.

Evaluation criteria

Startups will undergo three-dimensional evaluation across the following parameters:

1. Product

  • Product development stage

  • Product-market fit

  • Unique value proposition (technology + business model)

2. Traction

  • Pricing model

  • Number of users/customers (for both B2B and B2C)

  • Plan for scalability (beyond local market)

  • Partnerships with incumbents (including innovation programs and accelerators)

3. Investments

  • Revenue (current and projected for the next 12 months)

  • Profitability

  • Current runway

Prizes for winners of MEDICI Top 21 – InsurTech Awards

  • Inclusion in the prestigious MEDICI Top 21 leaderboard for InsurTech chapter, which will be distributed to a network of 100K+ MEDICI newsletter subscribers comprised of FI/bank executives, dedicated investors, FinTech evangelists & enthusiasts, bloggers, and more.

  • VIP access to become a MEDICI contributor to share up to 12 thought leadership pieces to the MEDICI audience once a month for a duration of 12 consecutive months for high visibility within the FinTech/FinServ ecosystem. This opportunity would start after the announcement of the winners (on a condition that contributed pieces fully comply with MEDICI Contributor Guidelines).

  • Exclusive invitations to MEDICI’s roundtable discussions, top FinTech events, and discounts to top FinTech conferences.

Apply for MEDICI Top 21 – InsurTech Awards before November 5, 2018, 11:59 PM EST.