Bunker (Broker)

Bunker saw a pain point and found an opportunity.  Most contractors get GL policies when they have to, and let them lapse when they're no longer needed.  It's a headache for most institutions, companies, etc., to make sure their contractors have polices in place as well.  Bunked provides on-demand coverage for contractors and small buisnesses, and makes it easy for institutions to see who is covered and who is not.

Here's what they say about themselves on LinkedIn:

Removing Barriers to Business Relationships by Embedding Insurance into the Contracting Process. 

Bunker is a technology platform that automates insurance certificate tracking, in addition to a licensed digital broker that delivers the exact insurance a small business or freelancer needs, at the moment they need it. We're able to reduce the time needed to comply with complicated insurance requirements by days - and in many cases it only takes minutes through our proprietary usage-based business insurance policy. 

Here's thier website:

buildbunker.com

Slice Insurance (Customer)

It makes sense that Slice is out of New York, they cover such a cool market-space, real time "sharing economy" insurance, rideshare and homeshare.  Task-based jobs such as handymen, house cleaners, dog walkers are some of the ideas they have coming up.  They offer peace of mind while you're trying to make side cash in the sharing economy, for only a few dollars, or Pounds soon, as they've made a partnership in the UK to start offering their sharing economy insurance overseas.

It is very interesting to watch InsurTech's get legs in the US (Lemonade) and then take the models globally.  We'll be watching that trend at Broker Gizmos.  We'll also watch down the road to see if InsurTechs are backed with their own reserves, or have a larger institution or reinsurer supporting them.  It'll be fascinating to watch this space mature, it appears that a blending of the new and old guard is in the not too distant future...

Here is what Slice has to say about themselves on LinkedIn:

About us

Slice Labs provides on-demand pay-per-use insurance for the on-demand economy. It's acquired with the tap of a smartphone app and billed directly to your credit card. It couldn't be easier! Best of all, it works the way you work in the on-demand marketplace –– you only pay for the insurance you need, when you need it. We are bringing trust, protection, and safety together. There's a new way – be a part of it.

slice.is

DataCubes Inc. (Broker)

Already embraced by the press, Insurance Thought Leadership, VC News Daily and Chicago Business (among others), DataCubes Inc. is transforming the underwriting process, creating 10x efficiencies in research and improving loss rations.

DataCubes is able accomplish this by embracing data science to pull hundreds of data points into one clean report, allowing for quick effective decision making.  The admin workload is 60% less through the prefilled data they provide as well, saving time for underwriters and allowing them to truly analyze the risk, not get buried in paperwork.

Here is what they say on LinkedIn about their company:

About us

DataCubes is the first data science platform for commercial underwriting. DataCubes helps carriers improve customer engagement, underwriting productivity, and profitability. DataCubes' platform uses data science to eliminate paperwork, provide a holistic view of risks by analyzing a broad array of internal and external data sources, and score and prioritize commercial risks.

Here's their website:

datacubes.com

Broker Lift (Broker)

Broker Lift wants to enable brokers to digitally sell insurance online.  They are carrier agnostic and want to help brokers compete with the Lemonades and MetroMiles of the world, through their rented online quoting and binding portals for lower cost policies (renters, events, small BOPs, etc.).  If a carrier will let you bind online, Broker Lift wants to make it easier for your customers to buy online.  Brokers and insurance commentators were scared "InsurTech" was going to come along and eat their lunch, BrokerLift is a company in the space that'll help brokers fight back.

The founders have insurance and consulting background.  They saw that their original offering for a tech enabled insurance sales product was going to be too bulky for most shops to implement, so they've created a Swiss Army Knife to enable all types of polices to be white labeled and sold online, allowing brokers to stay in the forefront of their policy sales.  The core of the team is a Canadian based start-up, they have joined a Bay Area incubator.  It will be fun to watch their growth in 2018.

Here's their website:

brokerlift.com

@BrokerLift

Here's their about us from LinkedIn:

BrokerLift provides a turnkey eCommerce platform for insurance brokers to instantly enable online sales and service to their customers. As a purpose-built managed Software as a Service (SaaS) solution for the insurance industry, the BrokerLift platform features both highly secure and completely flexible technology.  BrokerLift is fast becoming the eCommerce partner of choice for Insurance Companies.