Global Insurance Accelerator Program 2025

Deadline Date: September 20, 2024

Donor Name: Global Insurance Accelerator (GIA)

Grant Size: $10,000 to $100,000

https://www.globalinsuranceaccelerator.com/program?utm_content=300561482&utm_medium=social&utm_source=twitter&hss_channel=tw-2444345310

The Global Insurance Accelerator is a mentor-driven business accelerator designed to foster innovation in the insurance industry.

They take in early-stage companies who are building solutions that support the insurance industry. They provide seed funding, networking with their mentors, 100-days of ongoing support and a final presentation to a large audience of insurance professionals.

They run one 100-day program annually from mid-January to the end of April, to align with the Global Insurance Symposium in Des Moines, Iowa. 

Funding Information 

• The GIA Fund, backed by insurance company investors, will make an equity-based investment of $50,000 converting to 5% of the company in the form of a post-money SAFE (Simple Agreement for Future Equity). Each selected company will receive the same standard investment terms and amount. Final key investment terms will be communicated to all applicants prior to accepting an interview with the selection committee in November. Terms are not negotiable.

What they offer?

• Investment
  • The GIA Fund, backed by insurance company investors, will make an equity-based investment of $50,000, converting to 5% of the company in the form of a post-money SAFE (Simple Agreement for Future Equity). Each selected company will receive the same standard investment terms and amount. Final key investment terms will be communicated to all applicants prior to accepting an interview with the selection committee in November. Terms are not negotiable. 
• Mentorship
  • The GIA’s mentor program is their secret sauce and they pride their selves on this. It’s been proven that one of the single most important aspects of the success of their portfolio companies is the mentoring and connections they will receive from the experts in the insurance industry.
  • Mentors are involved in almost every activity and session they provide to their founders. Mentors raise their hands to help lead or co-lead workshops and panels, they step in to help shape pitch presentations for the founders, and also work closely with each founder on their business needs.

What they are looking for?

• Insurance Processes Optimization.
  • Speed and accuracy of underwriting.
  • Claim Resolution. 
  • Process Automation.
  • AI/ML.
• New Products & Markets
  • Cyber.
  • Annuities & Life Tech.
  • Home and Property.
  • Commercial Lines.

Eligibility Criteria 

• The typical profile of a company who applies to the GIA’s accelerator program includes:
  • Early-stage insurtech company (Pre-seed to seed stage).
  • Insurance industry focused solution.
  • US insurance industry is where you will start or expand your customer focus.
  • 1-2 founders who will roll up their sleeves in the immersive program.
• They take the “Global” in GIA seriously and have had five continents represented in their cohorts over the past nine years. They’re looking for firms that have a potential or current US operations on their roadmap but you can come to us from anywhere.

For more information, visit GIA.