BrokerTech Ventures (BTV) has collaborated with The Hartford, bringing additional underwriting, claims management, and risk mitigation expertise to the BTV carrier network.
This alliance is expected to strengthen BTV’s capacity as a connecting hub for startups, brokers, and carriers, and expedite the delivery of insurtech solutions to the market.
Go deeper with GlobalData
The Hartford’s inclusion expands the BTV network to 13 broker partners,12 carriers and wholesalers, and close to 60 startups.
With total investments nearing $3m, BTV claims 95% success rate among startups, with valuations reaching around $1.1bn, recording an average increase of two times post their joining in the BTV Accelerator.
In addition, these startups have collectively secured over $280m and executed close to 1,000 proof-of-concepts, the company added.
BrokerTech Ventures co-founder and co-CEO Dan Keough said: “The Hartford brings an additional depth of expertise, resources, and market perspectives to our ecosystem,” said, Co-Founder and Co-CEO of. “Their commitment to innovation and collaboration will allow BTV to continue to empower transformation within the insurance industry.”
The Hartford commercial lines innovation and risk services head stated: “We are thrilled to partner with BrokerTech Ventures. At The Hartford, searching for new ways to help our customers as they pursue their goals and ambitions has driven the innovation and ingenuity that define our more than 200-year history.
“Through our partnership with BrokerTech ventures, we can collaborate with insurtech startups and industry leaders to continue to develop transformative solutions that help businesses navigate risk and drive sustainable growth.”
In November 2024, BTV partnered with Irish insurer Instech.IE to provide insurtech companies with the necessary resources and support to access new markets, and drive growth.
