Earlier this month, The Council attended the first-ever Plug and Play Broker Age event in Silicon Valley. Plug and Play focuses on early-stage companies and is currently working with over 10,000 startups across 14 different industries, with a keen focus on the insurance sector. Plug and Play is known for its unique investment approach, one that relies on a constructed “ecosystem” of insurance industry incumbents and established corporations to provide startups with guidance and insight while giving incumbents/traditional players an inside look at which insurtechs are truly proving value in their space.
With over 150 registrants, Broker Age saw a wide array of attendees, including 25 attendees from brokerages, 11 of whom are Council members. The majority of attendees were from the insurtech community—over 50 attendees came on behalf of 30 insurtech companies. Outside the conventional insurtech and incumbent space were VC and consulting firms and NAIC representatives.