InsurTech Hub Munich invites ambitious startups to apply for the 12th edition of its SCALE AI Innovation Programme. As a vibrant collaboration platform, they thrive in connecting a diverse network including insurance and cross-industry companies, investors, startups, top universities, research centres, media, and government entities.
In the face of today’s rapidly evolving digital landscape, the demand for AI integration within the insurance sector is more crucial than ever. ITHM’s Innovation Programme is expertly designed to fast-track startups to success, offering a comprehensive suite of multi-step methodologies, concierge services, and unmatched access to product/market fit. Through personalised mentoring, coaching, and substantial business development efforts, we ensure that participants can confidently overcome the industry’s challenges.
Why wait? Apply Now to SCALE AI and amplify the impact of your solution in the insurance sector.
Estefania Rodriguez Migliarini, Programme Manager at ITHM. said: “Through our Scale AI program, start-ups will have the opportunity to make a significant impact by revolutionising various facets of the insurance industry.”
Start-ups participating in the programme will have the chance to tailor solutions to specific challenges across the insurance value chain. From addressing regulatory hurdles to enhancing internal operations and improving customer experience, AI’s transformative trend bears limitless opportunities.
This trend became the perfect ground for startups to seize the opportunity to offer highly Specialised Solutions, moving away from isolated AI use cases to grow to their whole potential and scale up massively. Through the Scale AI program, start-ups should not exclusively aim to enhance internal operations within insurance companies across the entire value chain by addressing aspects such as Marketing & Distribution, Underwriting, Product Development, Claims Management, IT, and Supportive Functions. Scale AI proposes a holistic approach to also exploring customer-facing solutions, enhancing the UX of customers by leveraging AI implementation.
Some of the most relevant use cases for the insurance industry and AI include accelerating claims processing, analysing unstructured data, risk assessment, upskilling employees, implementing AI-powered chatbots for customer service, and utilising predictive analytics to identify potential fraud or anomalies in insurance claims, and mitigating risks in an increasingly regulated environment, among others.
With over 250 high-impact use cases identified through collaborative focus groups with industry experts, ITHM is poised to select the most impactful start-ups to drive innovation forward.
For AI startups eager to revolutionise the insurance industry, the opportunity awaits. Stay tuned to InsurTech Hub Munich’s LinkedIn account for updates on the Scale AI programme and details on how to apply.
Programme overview:
The programme curriculum is fully tailored to the insurance sector, ready to leverage the changes of DACH region-based startups and beyond; along with setting the basis for cross-industry startups to place insurers on their radar.
Duration: 3-month hybrid programme, in which only 2 dates require in-person participation in Munich:
- 24-27 of September: Onboarding
- 28th of November: Final Gala – ITHM Innovation Night
- Online curriculum + Business Development calls with 30+ partners.
- Application deadline: 12th of July
Don’t miss this incredible opportunity! Join the SCALE AI Innovation Programme. Apply now to gain access to unparalleled business development prospects, coaching, and mentorship from industry experts.
Read the orginal article: https://www.eu-startups.com/2024/03/the-insurtech-hub-munich-is-calling-for-startups-apply-today-to-the-scale-ai-edition-12-sponsored/
