The InsurTech Startups for a Changing World: Disrupting Insurance Startup Challenge

December 23, 2019

Hackquarters’ recent Disrupting Insurance Startup Challenge powered in BNP Paribas Cardif is an innovation program in lnsurTech aiming to make an impact in the insurance sector by providing access to domain expertise and market credibility. 10 startups were selected among 60+ applications; the most innovative solutions in the sector and entrepreneurs to think far beyond the technology of tomorrow. Challenge has started on 18 December 2019 with the business workshop by Goh Hirose, Acceleration Leader & Startup Investment/Relations Manager at Cardif Lab Paris. Goh spent half of the day with selected startups for the detailed feedback on the business models, pitches and possible opportunities with BNP Paribas Cardif in the future.The Challenge took place on 19 December 2019 in Kolektif House Levent. Bringing together key players from the insurance sector and the entrepreneurial ecosystem, B2Metric became the first at the end of the event. The event started with the speech of Kaan Akın, founder of Hackquarters, sharing the program and the general flow. Then Cemal Kişmir, CEO of BNP Paribas Cardif Turkey, took the stage and talked about the future of the insurance sector and the global vision of BNP Paribas Cardif.Following Cemal Kişmir Goh Hirose, was with us with his inspirational speech sharing the future of insurance technology and its impact on us.

Startups pitching at the Disrupting Insurance Startup Challenge:

ArchmirArchmir detects types and scales of the damage on motor vehicles from a single photo or video of the car to improve performance by providing a more effective method in field operations with automated systems.B2Metric AIB2Metrics is an AI-Native analytics that enables to manage of underwriting risk management with fraud prevention insurance and finance. Provides your underwriting process analyzing structured and unstructured data with AutoML technology.Drive BuddyDrive Buddy is a mobile telematics solution that analyzes the driver’s driving behaviors and detects car accidents using sensors on smartphones.FanalizFanaliz is developing decision support systems to help companies measure credit risk in an easy, flexible and affordable way by applying data analytics.MusebirdsMuse designs alternative insurance products that improve the traveler experience.OrtusOrtus4c is a new generation communication platform that enriched with AI. Ortus4C provides a virtual assistant development platform, enterprise-grade customer service dest, chat, video conference co-browsing.PabblerPabbler is helping e-commerce sites selling premium items cross borders with travelers.Sports & MeritsSports and Merits is the most flexible sports and activity membership for corporate employees.StuffAppStuffApp provides insurance for smart devices. It also provides a Fraud Inhibitor Tool regarding phone damages analysis for insurance companies.UservisionUservision helps brands to empathize with customers. We provide a platform where brands could quickly reach their target audience and get explicit, subconscious and implicit insights leveraging AI.

The winners of the Startup Challenge are; 1st winner- B2Metrics; 2nd winner- Uservision; 3rd winner Musebirds. Pabbler was selected as a Jury’s special. Besides the winner, BNP Paribas Cardif leadership defined 2 more startups to work closely for the business operations and start test projects with.Following the Challenge, on 20 December the winners met with Goh Hirose for the investment sessions; and Tugba Camli Canturk, Head of Communication and Innovation at BNP Paribas Cardif Turkey, to discuss the next steps for the pilot projects with the insurance company.

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