‍As BTV celebrates its 5th anniversary, we look back to our accomplishments to-date

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As BrokerTech Ventures (BTV) marks its five-year anniversary, we are proud to release our inaugural Community Impact Report, celebrating the collective achievements of our partners and startups that are driving innovation within insurance. This milestone report highlights the strategic partnerships with insurance carriers, wholesalers, and brokers, insurtech startups and investors, to allow us to create a measurable impact on the insurtech ecosystem. 

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Since our inception, BrokerTech Ventures has grown to include 23 carrier, wholesaler, and broker partners. In addition, we have grown to five towers of operation including the Accelerator, Early-stage Investments, Capital, Innovation, and Marketing & Communications. Through a unique model that engages carriers, wholesalers, brokers, startups, and investors, BTV has been able to highlight new technology solutions and broaden innovative thinking to address industry challenges in key areas such as underwriting, distribution, policy management, and operational efficiencies. To date, BTV has worked with 58 accelerator companies, raised a capital fund of over $34M, and deployed over $6M in capital via accelerator, early-stage, and capital investments.  

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Our Accelerator remains a vital mechanism to our success. Having propelled 58 insurtech companies through the program, we have seen a 95% operational success rate, with a collective valuation of our startups of over $1B. Following participation in the BTV accelerator, startups, on average, saw a doubling of their valuation. In addition, startups attributed nearly 1,000 proof of concept and nearly 200 client engagements to their accelerator engagement. 

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A key focus of the report is our commitment to growing our global reach. Our partnerships with international insurtech organizations such as Insurtech Israel, instech.ie, and Lloyds Labs have allowed us to tap into global innovation ecosystems, facilitating cross-border collaborations and bringing diverse solutions to the U.S. insurance space. In addition, BTV has partnered with the Risk & Insurance Education Alliance to release the “Introduction to Insurance for Insurtech Professionals” continuing education for insurtech startups. 

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As we reflect on these past five years, we look forward to continuing to lead the way in insurtech innovation. With an eye toward the future, BrokerTech Ventures remains committed to creating even greater value for our partners and further advancing the insurance industry through bold initiatives and impactful collaborations.

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In addition to reflecting on our past, we are keeping our eye on the future as we open up our accelerator applications for our 2025 cohort on November 1. We encourage innovative, broker-centered insurtech startups to apply and join us in shaping the future of the insurance industry. To apply, please visit this link on November 1 to December 15, 2024. To enter your name in a list to be notified when the applications are live, please fill out this form. 

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To learn more about BTV’s last five years, we invite you to explore the full Community Impact Report here.