Swiss Re Selects 6 Startups For Its 1st Batch Of InsurTech Accelerator Programme In India

By Inc42

26 Jul'16

Swiss Re, a reinsurance company based in Zurich has selected six startups for its first batch of InsurTech accelerator programme.

Swiss Re Group is a wholesale provider of reinsurance, insurance and other insurance-based forms of risk transfer. The group also has offices in Mumbai and Bangalore in India.

InsurTech accelerator programme is a global fintech accelerator programme conducted by Swiss Re. The group has identified three technology themes for the programme including Internet of Things (home, industrial, health and motor), Systems of engagement (innovative distribution channels and models, digital assistants/ Robo advisors etc.) and Smart analytics (application of deep learning and machine learning across insurance value chain). The programme will be conducted for 16 weeks.

Here Is The List Of 6 Selected Startups

Founded In: 2014
Founder(s): Kiran Kalakuntla, Dinesh Koka

Funding: $629K from investors like Bitkemy Ventures, Maheshwari Investment, HNIs including Anshoo Gaur, RamaKrishna Reddy and Sandeep Seerapu

eKincare is an online platform that enables users to monitor their critical medical information and all health records by keeping them on the cloud. This enables the users to access the dashboard from anywhere and anytime by using a PC or a mobile device. The startup has a patent pending technology that gathers medical results and provides a single repository for users to store all their healthcare episodes.

Founded In: 2014
Founder(s):Vishal Gondal

Funding: $13.4 Mn from investors like Edelweiss Financial Services, New Enterprise Associates, angel investors like Neeraj Arora and Vijay Shekhar Sharma

Wearable tech startup GOQii is a smart wearable helps in tracking your steps, sleep and any physical activity. It has a combination of advanced wearable technology, experts, coaches and karma. The company’s app can integrate with 35 major fitness bands including Jawbone, Fitbit, Garmin, Moov, Misfit and Sony. Users have to decide on a goal and choose a coach to guide them on the application.
Founded In: 2013
Founder(s):Vinay Kumar Sankarapu, Deekshith Marla

Funding: $750K in seed funding from Venture Nursery, YourNest Angel Fund Artificial intelligence (AI) startup was founded with a mission to make intelligent machines assist humans in faster and effective decision-making process in their professions. It claims to have created first AI system prototype within medicine and defence domains in India while exploring research solutions using drones.