1871 Announces 2024 InsurTech Innovation Lab Cohort

2024 Cohort Members 

Adminix | Oksana Voronova, Co-Founder & CEO

Adminix is AI-enabled workflow automation software that helps insurance companies automate their routine business processes, boosts productivity by 10x and saves up to $250k in development costs.

amplifAIr | Bar Tsoury, CEO  

The amplifAIr™ platform helps financial firms to significantly improve profitability. We provide underwriters with actionable insights that combine risk, marketing, sales, and churn trends to constantly achieve target profitability.

Bonzah | Brandon Rockow, Chief Bonzahn

At Bonzah, our mission is to redefine the way people protect and experience their journeys. We are leading by providing the estimated 30 million otherwise uninsured renters with auto rental insurance, protecting renters, and providing security to owners of auto fleets.

CheckDrive | Eric Hill, CEO 

CheckDrive is a software that helps users navigate the claims process after an accident, determine options, and make a decision on what to do with their vehicle.

Clearbrief | Tara Ghei, CEO

Clearbrief is transforming legal writing by instantly pulling up the facts that best support each sentence, scoring how well the source relates, and displaying legal sources cited all within Microsoft Word. Our AI saves hours on the day of filing by generating the user’s Table of Authorities, Exhibits, and hyperlinks for filing. With our Instant Hyperlinked Timeline, Verified Facts Section, and patented “Add Fact Cite” button, lawyers and judges back up their writing with references to the strongest evidence.

CloudnineAI | Michael Brown, Founder & CEO

CloudnineAI develops AI software that secures sensitive data to enable enterprises’ instant analysis from data silos.   AI-powered software offers instantaneous and actionable intelligence from any data source while ensuring strict compliance with data privacy, data governance, and data compliance standards.

DeNexus | Jose Seara, CEO

DeNexus, the Full-stack Cyber Risk Management Solution for Industrial Enterprises & Physical Critical Infrastructures. Our Mission is to build the global standard of industrial cyber risk quantification and management for shareholders, investors, boards, and risk transfer market.

distriBind | Dave Connors, CEO

distriBind is curing the insurance industry of its spreadsheet addiction with an automated data exchange and digital workbench that delivers unprecedented automation and data visibility, removing 95% of manual tasks in the middle and back office.

Enthea | Sherry Rais, Co-Founder & CEO

Enthea is revolutionizing the way companies approach employee wellness by offering access to groundbreaking mental health treatments, starting with ketamine-assisted therapy. As a licensed administrator of employee benefit plans, Enthea enables businesses to provide their workforce and their families with innovative treatments that have shown remarkable efficacy. The introduction of such therapies has led to significant improvements in workplace productivity, employee retention, and overall engagement while simultaneously reducing medical costs.

Flat Home Care | Brent Hasse, CEO 

Flat is redefining property data management with our advanced middleware solutions, providing a B2B platform to empower the real estate ecosystem. Through our dynamic data pipeline, stakeholders can amplify homeowner interaction and unlock invaluable property intelligence. Homeowners enjoy a seamless home management experience while flattening the cost curve and simplifying property ownership.

ForMotiv | DJ Frank, Director of Sales 

ForMotive uses real-time behavioral data science to predict the intent of consumers and agents as they navigate insurance quotes and applications. ForMotiv works with both Life and P&C carriers to identify medical non-disclosure, premium leakage, and fraud across all digital distribution channels.

Gigaforce Inc. | Sanjeev Chaudhry, Founder & CEO

Gigaforce is dedicated to lowering loss ratios for the Property and Casualty insurance industry with a vision to have straight-through processing across the ecosystem. 

Green Shield Risk | Patrick Blandford, Founder & CEO 

Green Shield serves as both MGA and risk advisor around wildfire risk in the US.  We have constructed the industry’s most comprehensive wildfire platform that goes beyond simple scoring and offers wholistic mitigation recommendations.  We license this platform (Property Guardian) to insurance carriers and use it as the foundation for our own Homeowners’ insurance program.

iPurvey | Abdul Isiaq, CEO 

iPurvey streamlines air or rail travel and freight disruptions through an AI-driven solution, ensuring traveler well-being, sustainability, and reliability for both travelers and businesses.

Joshu | Roy Mill, Co-Founder & CEO 

Joshu is an insurance product development, underwriting, and distribution platform that helps insurance product owners configure, launch, and update their products without coding. It is a new kind of Policy Administration System that is configurable by insurance professionals and can natively power digital distribution channels. Joshu sets insurance product teams free to innovate by introducing and iterating new products to market without waiting on IT.

KarChing | Ramsey Gouda, Founder & CEO

KarChing is a three-stage solution that aims to improve teen driving, lower active rates improve pricing for Insurance for families, as well as save lives.  we are bringing telematics-based pricing for the last sector of insurance that uses NO merit or data-based technologies to rate and price new teen drivers.  we have a unique approach to go to market, where we started Drivers Ed, and we called the whole generation of conscious gamified,  score-conscious drivers.

Kruzr | Pallav Singh, CEO 

​​Kruzr is a 2nd generation mobile-based Telematics platform which adds real-time driving context to significantly improve risk measurement, but more importantly, also guides drivers to avoid predictable risks and make driving safer.

Mitigateway | Paul Okrutny, CEO

Mitigateway is a firm with a deep domain expertise in property claim management, from coverage determination at the onset of a claim to generating subrogation revenue at its end. Mitigateway applies open-source large language models (LLMs) to identify and prevent the most impactful claims leakage issues in property claims.

Parachute | Edwin Campos, CEO 

Parachute is an Insurance Technology company funded by Immigrants to the USA. They leverage data science and meteorology modeling for underwriting and claims. The result is a new risk management solution which allow a client to receive a Hurricane Resiliency grant within just a couple of days or less.

Protosure | Urijah Kaplan, CEO 

Protosure is a no-code platform for the development and distribution of highly complex insurance products.

Proxima | Camilo Cruz, CEO 

Proxima is an invaluable partner for insurance companies striving for success in the digital age. Its integrated approach to technology and operations modernizes insurance practices and drives tangible benefits in terms of efficiency, cost savings, and customer satisfaction.

Qumis | Dan Schuleman, Co-Founder & CEO 

Qumis is an assistive-AI platform that can quickly analyze insurance policies and pull relevant information for claims, brokering and compliance.

Redkik | Chris Kalinski, CEO

Redkik has created the infrastructure for insurance distributions alongside an original risk management tool to manage policies in real-time. This revolution in insurance technology leads to unilateral benefits across all parties in the supply chain.

ReFocus AI | Colby Tunik, Founder & CEO 

ReFocus AI helps insurance agents, brokers, and carriers improve policyholder retention by identifying which active customers are at risk of canceling.

Riskbly | Lawson Condell, Founder & Risk Advisor 

Riskbly consolidates commercial insurance into a single, fully customizable web application platform.  Riskbly helps agents lower risks, lower costs, and differentiate themselves in a crowded data-siloed market.

SALT | Dustin Parker, Co-Founder 

Our mission is to equip Independent Agents with the advanced tools needed to acquire customers efficiently. By integrating sophisticated data collection & transfer technology, SALT refines the application process to benefit both agents and their prospects. Our innovative approach is tailored to overcome the specific challenges agents encounter when gathering home and auto insurance information from consumers.

SnapRefund | Cody Eddings, Co-Founder & CEO

SnapRefund helps insurers and agents manage payments with automation & analytics to improve operational efficiency and policyholder retention.

Spatial Risk Systems | Ken Zockoll, CEO

Spatial Risk Systems (SRS) offers precision data on Physical Asset Insights and Financial Impact to improve decision-making in a rapidly changing world.

StructureIQ | Gul Agha, CEO 

StructureIQ uses state-of-the-art IoT sensors and AI technologies to dynamically assess the structural health of buildings to inform and improve risk models.  StructureIQ’s technology improves the accuracy of estimated losses due to structural damage caused by faulty design, degradation over time, and catastrophic events.

Urbanico | Elyasaf Moas, CPO

Urbanico is building an urban intelligence platform that looks 150 times closer to the personal-related risks of each written policy. Urbanico’s products enable US carriers to get hyper-localized urban data, refining their risk selection and underwriting guidelines and making price changes to become more efficient.

weav.ai | Peeyush Rai, CEO

weav.ai delivers enterprise-ready Generative AI copilots for Insurance to enable enterprise workflows involving unstructured data and human decision-making. This allows insurance companies to make significant improvements in processes like Underwriting, claims processing, and customer support.

Xcellent Life Inc. | Victor Brown, Founder & CEO 

Xcellent Life provides an AI-powered software platform & mobile app that empowers health by analyzing vitality, uncovering health risks, and determining highly personalized ways of avoiding those risks using our Real-time Human Diagnostics (RtHD) technology, which is like an OnStar system for the human body.

About the program 

Cohort members will participate in 4 weeks of hybrid programming, alternating each week for virtual and in-person experiences in April, May, and June 2024. The program culminates with a capstone-like event, the 2024 InsurTech Innovation Summit, open to public participation on 6.27.24. 

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For inquiries about involvement in partnering with us or learning more about sponsor options for the InsurTech Innovation Summit, connect with our team. 

About 1871 

1871, a nonprofit global innovation hub, exists to inspire, equip, and support early-stage, growth-stage, late-stage, and corporate innovators in building extraordinary businesses. 1871 is home to ~500 early-stage startups, ~250 growth and late-stage companies, and ~60 corporates, and is supported by an entire community focused on accelerating their growth and creating jobs in the Chicagoland area. The member experience includes virtual and in-person access to workshops, events, mentorship, and more. The nonprofit organization has 350 mentors available to its members, alongside access to more than 200 partner corporations, universities, education programs, accelerators, venture funds, and others. Since its inception in 2012, more than 1,050+ alum companies are still active, have created over 14,700 jobs, and have raised more than $3.7 billion in follow-on capital.