The Startupbootcamp InsurTech accelerator has announced that three South African startups have been selected to collaborate with mentors and investors from a list of 23 international startups in 2017.

The accelerator was started in 2015 and focuses on innovations that disrupt and inspire collaboration within the insurance sector. Before selecting the ten startups that would join the accelerator, Startupbootcamp InsurTech sifted through some 2 500 startups before selecting 23 companies from 12 countries. These startups then took place in Selection Days held toward the end of November and 10 finalists were selected.

The three local startups include Aerobotics, Emerge Analytics and NuvaLaw and there is no denying their ideas are incredible.

Aerobotics for instance uses data collected by drones to provide those in the agriculture sector with in-depth analysis of their land.

Emerge Analytics helps businesses make management and operational decisions based on analysis of data from a specific company.

NuvaLaw (as the name suggests) develops ecosystems in which legal information can be processed efficiently ultimately reducing loss of time and money.

These local ventures will join seven others in a three month programme which will present them with opportunities to meet more than 1 000 mentors from the insurance tech industry. Each startup will also receive £15 000 (~R266 600) in cash to cover living expenses as well as exposure to more than €450 000 in funding through partnerships with the likes of Google, Amazon and Salesforce.

The programme will also expose the startups to a number of venture capitalists and angel investors from around the world.

You can check out all ten finalists, links to their websites and a short description of how they’re disrupting the insurance industry below. Congratulations to our local startups, best of luck in the programme.

Adapt Ready

Location: New York, United States

Website

Description: Risk data is spread across disparate sources making it daunting to apply across value chains. Adapt Ready’s software transforms risk big data into actionable intelligence & enables customers to minimize losses.

Aerobotics

Location: Cape Town, South Africa

Website

Description: Aerobotics develops an end to end drone solution that provides key actionable data to the farming industry.

Emerge Analytics

Location: Johannesburg, South Africa

Website

Description: Emerge Analytics extracts profit from corporate data using machine learning and process analytics.

Insure A Thing

Location: London, United Kingdom

Website

Description: Insure A Thing protects the things you love – without the fine print, without the tricks.

LifeSymb

Location: Kalmar, Sweden

Website

Description: A 3D-sensor-based machine learning application to classify whiplash symptoms and prevent insurance fraud.

Nuvalaw

Location: Cape Town, South Africa

Website

Description: Nuvalaw co-creates B2B ecosystems that process legal information efficiently.

Port

Location: London, United Kingdom

Website

Description: Port is a cloud based, API driven, personal data management platform that gives consumers control and visibility of their data, and organizations the tools to create better GDPR compliant relationships.

Sharenjoy

Location: Madrid, Spain

Website

Description: Sharenjoy is the first Social Microinsurance: simple, collaborative, low cost and 100% mobile. The characteristics that make it ideal for new consumers of the 21st century.

Tikkr

Location: Stockholm, Sweden

Website

Description: TikkR is an on-demand digital insurance platform! TikkR protects you and the things you care about for just the moment you need it! Goodbye long term multiple contracts! TikkR’s ultimate goal is to understand your lifestyle and then predict and protect your moments automatically.

TrackActive

Location: London, United Kingdom

Website

Description: TrackActive’s ‘Telematics for Rehab’ solution provides better care at lower cost for insurers that detects engagement, reports on adherence, and places accountability on patients and their health practitioners