The programme is aimed at connecting founders with mentors, industry partners and investors.
10 start-ups have been selected to join a new InsTech.ie initiative supporting early-stage ventures innovating in the insurance industry. The not-for-profit’s first Foundry pre-accelerator programme is run in partnership with Irish start-up hub Furthr.
The cohort of start-ups to join the programme include those developing new approaches to solar insurance, financial automation, eldercare and cyber risk management among other insurance sub-sectors.
The programme is aimed at connecting founders with mentors, industry partners and investors through a structured programme with seven modules.
Among those chosen are Solvera Underwriting, the creators of a “sunshine guarantee” parametric product for solar installations; Finerty, which automates slow pension transfer processes; and Halo, which develops accessible whole-life and long-term care insurance for the US market.
Here are the 10 start-ups that have joined the insurance tech pre-accelerator programme.
Solvera Underwriting
Founded by David Gallagher and Stuart Middleton, Solvera addresses the uncertainty around renewable energy investments by embedding coverage directly into solar sales. The insurance product has received positive feedback from installers in Ireland and the UK for its pilot product.
Finerty
Finerty is automating slow, manual pension transfers and letters of authority, according to InsTech. The start-up’s solution reduces the five-hour long, 40-step process to just one hour. Finerty is led by Sharon Malone, a former stockbroker and wealth adviser with 15 years of experience.
Halo
Founded by serial entrepreneurs Chris Le Breton and Shane Gray, Halo is developing affordable whole life and long-term care insurance for the US market. Combining flexible premiums with AI-driven underwriting and proactive health management, the company hopes to tackle the lack of accessible long-term care cover.
Protostars AI
Protostars AI – founded by ICT veteran Kim McKayed and a team of experts in cybersecurity, AI and compliance – automates cyber insurance audits. The start-up has raised €310,000 pre-seed funding and secured pilots with Thales, Gatwick and KPMG.
Suredocs
Co-founded by John Cuffe, an experienced insurance professional, and Peter Brownlow, a technologist who previously worked at Atlassian, Suredocs offers a cloud-based document pipeline for brokers.
Suredocs reduces broker admin workloads by an average of 73 days annually, says InsTech. The platform is already live with paying customers.
Amethyst Care
Led by Rebecca McManus, Amethyst Care has developed an AI voice companion for elderly people. Backed by €515,000 in Enterprise Ireland funding, the platform is currently underway with pilot programmes in partnership with US healthcare organisations such as Cleveland Clinic.
BlueDot
BlueDot is creating an AI-driven ESG reporting and analytics platform. By automating compliance across multiple frameworks, the start-up – founded by Aish Maurya and James Wall – aims to reduce costs and timelines for issuers and investors.
Itus Secure Technologies
Led by Clare Ryan and Paul Daly, ITUS is offering real-time cyber risk assessments for SMEs, replacing disclosure questionnaires with evidence-based controls. The start-up took part in a 2021 pre-accelerator for insurtechs run by Dogpatch Labs and InsurTech Ireland.
ICE ID
Founded by Barry Kane, who has 25 years of experience in motor claims and risk management at AXA, ICE ID enables drivers to instantly exchange insurance details and report claims at the scene of an accident via a digital app and QR code. The solution allows insurers to intervene earlier and reduce claims costs.
Regzact
Regzact helps insurers automate ongoing regulatory obligations across their distribution networks. The platform reduces audit burdens and provides real-time compliance insights, tackling the inefficiencies and risks of manual oversight.
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