Cologne, 26.11.2018 - At this year's startup conference EXECinsurtech in Cologne, the "Insurance Shaper of the Year" award was presented for the second time. Luminovo.ai was awarded in the "Seed Stage" category, the chatbot provider e-bot7 in the "Early Stage" category. Both can now look forward to the intensive support of InsurLab Germany. This year, EXECinsurtech attracted over 500 participants to Cologne.
InsurLab Germany honored startups for the second time with the "Insurance Shaper of the Year" award at the EXECinsurtech conference in Cologne. Over 50 startups applied for this award. A total of 15 got the chance to pitch live on stage at one of Europe's largest insurtech conferences and face the juries. In the "Seed Stage" category, luminovo.ai was able to convince - a young provider of Artificial Intelligence solutions from Munich, founded by German graduates of Stanford University. With the victory, they will receive a permanent place in the next Accelerator round of InsurLab Germany, which will start in May 2018. E-bot7 convinced the jury with a sophisticated chatbot solution based on artificial intelligence. As the winner in the "Early Stage" category, they will receive a venture capital trip to Berlin, London or Tel Aviv, as well as exclusive access to the InsurLab Germany member network.
"We are already very much looking forward to working with luminovo.ai and e-bot7. Both young companies have developed promising solutions that we will promote as part of our Accelerator program and with the support of our active members and network partners to turn exciting innovation projects into reality," says Sebastian Pitzler, Managing Director of InsurLab Germany.
EXECinsurtech impresses as an established networking platform of the international InsurTech scene
The pitch session as well as the award ceremony were part of EXECinsurtech 2018, which took place in Cologne from November 21-22, 2018. More than 500 insurance industry decision makers, founders, VCs and service providers gathered at the Tanzbrunnen in Cologne to discuss the digital future of the insurance industry in an inviting atmosphere and to be inspired by industry experts. In total, more than 25 nationalities and 75 international startups were represented.
Oliver Schoeller, CEO of Gothaer Krankenversicherung AG, and Mark Klein, Chief Digital Officer of ERGO Group AG, each gave very frank presentations on how their companies are dealing with developments and trends and how they are preparing for future challenges. Magdalena Ramada, Director & Senior Economist at Willis Towers Watson from Madrid, introduced the audience to the topic of blockchain and explained what potential this technology also holds for the insurance industry. Philippe Lafreniere, Chief Growth Officer at Slice Labs from New York & Toronto, also explained how insurance companies need to adapt to the requirements of employees in a so-called "gig economy" and what exactly this transformation could look like.
Furthermore, experts shared their knowledge with the participants in numerous masterclasses and actively participated in the often controversial discussions that arose both at the discussion tables provided for this purpose and in the generous networking area.
Robbie Bouschery, Managing Director of PIRATE and Head of EXEC, sums up: "It's great that we were able to successfully host EXECinsurtech again in 2018 - especially with the support of our partners InsurLab Germany and the City of Cologne - as an important event for networking between traditional insurance companies and the international startup scene. In conversations with attendees, I again realized how essential it is for insurers to jointly adapt to the strong changes within the industry and connect with potential partners. We are proud to establish a relevant exchange platform for this."
About EXECinsurtech
The EXECinsurtech is a conference with a focus on innovation & technology in the insurance industry and a special focus on bringing together startups, large financial and insurance groups and investors. It took place for the fourth time in 2018, following editions in Cologne in 2016 and 2017 and Berlin in 2017. The event was created as a spin-off of the two conferences PIRATE Summit and EXECfintech.
About PIRATE.global
PIRATE.global (Jolly Roger UG) is a Cologne-based company that specializes in organizing exceptional technology and startup conferences. The 20-member team has been organizing the PIRATE Summit since 2010, which over the years has gained a reputation as one of the best tech events in Europe. In addition, PIRATE organizes the EXECinsurtech and EXECfintech conferences and is responsible for the Startup SAFARI concept. Since 2018, they have also been supporting other companies to implement conferences and events related to the startup scene through PIRATEx.
About InsurLab Germany
InsurLab Germany is a platform for networking insurance companies and startups that develop digital products and services for the insurance industry. The industry initiative was founded in 2017 by the City of Cologne, the Cologne Chamber of Commerce and Industry, the University of Cologne, the Cologne University of Technology, as well as established insurance companies and InsurTech startups.
The goal of InsurLab Germany is to provide insurance companies with easy, direct access to national and international startups and to actively support them in planning and implementing joint projects to sustainably transform and digitize the German insurance industry.
As one of twelve hubs in Germany, InsurLab Germany is part of the digital hub initiative "de:hub" set up by the Federal Ministry for Economic Affairs and Energy and is the official competence center for the InsurTech scene in Germany.
More information: insurlab-germany.com
Press contact:
Bianca Finkel InsurLab Germany
Specialist for Marketing, Communication & Events
Schanzenstr. 6-20, 51063 Cologne, Germany
bianca.finkel@insurlab-germany.com
+49 221 986 52 920