Assurance partners with like-minded insurance organizations to deliver initiative’s curriculum, education, and mentorship opportunities specifically for agent/broker-focused technology startups.
Schaumburg, Ill (September 24, 2019) – Assurance, along with co-founders Holmes Murphy and M3 Insurance, as well as PayneWest Insurance, ABD Insurance & Financial Services, Conner Strong & Buckelew, are pleased to announce the launch of BrokerTech Ventures, the first accelerator program specifically for investors and innovators building the next generation of tech solutions for insurance agencies and brokerages.
“BrokerTech Ventures, as both an accelerator and an investment vehicle, allows Assurance the opportunity to shape a product or solution alongside the startup that will advance the interests of the brokerage community,” said Jackie Gould, Chief Operating Officer of Assurance. “We’re excited to be active participants and provide a real-world testing ground for innovative technology that can benefit our own firm, clients, and communities.”
BrokerTech Ventures will deploy a highly intentional accelerator curriculum, as well as a veteran mentoring network, seed funding for a portion of the chosen startups’ research and testing, and a distribution platform to deploy the technologies. The window for startup companies to apply for a spot in the first BrokerTech Ventures phase will open in late October of this year, with program launch planned for February 2020.
“There is an ongoing need for technology solutions specific to agents and brokers, and we’re proud to be at the forefront of this cutting-edge initiative,” said Dan Keough, Holmes Murphy chairman and CEO. “BrokerTech Ventures will alleviate some of these pain points by creating an ‘innovation hub’ for startups to test broker-centric ideas and products, while bringing new and innovative ideas and solutions to our customers.”
In further building the resources available through BrokerTech Ventures, the owner agencies plan to partner with additional privately held, like-minded, and geographically diverse insurance agencies and brokerages. A targeted, executive search is in progress for the organization’s first managing director, and Brian Hemesath, former managing director of the Global Insurance Accelerator (GIA) and a noted InsurTech leader, will provide guidance and counseling on the initiative as the architecture and curriculum for BrokerTech Ventures are built.
To learn more, please visit www.brokertechventures.com
Assurance is the premier, national insurance brokerage for clients and industry professionals. In stark contrast to its peers, privately-owned Assurance takes an alternative approach to growth by investing an industry-leading percentage of its revenues back into the services clients need to improve their business. Assurance attracts and retains great insurance talent by rewarding expertise, investing in career development, and recognizing contributions. Its employees enjoy an award-winning culture that fosters a highly productive working environment where top professionals deliver outstanding client results. Assurance is now the 35th largest insurance broker of U.S. business. Learn more at www.assuranceagency.com.
About BrokerTech Ventures
Based in the insurance nucleus of Des Moines, Iowa, BrokerTech Ventures is the first broker-led investor group and accelerator program focused on delivering innovation to the insurance agent-broker industry. Founded in 2019, BrokerTech Ventures provides a venue for the best minds in insurance and technology to collaborate and bring to market leading-edge ideas and solutions. BrokerTech Ventures invests in the research and testing for each of the chosen startups, provides access to veteran industry mentors, and helps scale the technology to market through broker distribution channels. Learn more at www.brokertechventures.com or follow us on Twitter (@BrokerTechVen) or LinkedIn.