Munich, Germany-based incubator, co-working and event space Werk 1 has launched an acceleration program dedicated to insurtech startups.
Launched in collaboration with leading insurance companies, W1 Forward InsurTech Accelerator aims to nurture projects capable of innovating the insurance industry and establish one of the world’s leading ecosystems for InsurTech startups in Munich.
The 6 month program will support up to five teams (coming from every part of the planet) starting on June 20, 2016. Startups will use WERK1 installations for free and work with coaches, mentors and leaders of the industry, all worth €80k.
No team will be asked for equity.
Applications are expected within May, 22.
Insurance partners include Allianz, Generali, Munich RE, ARAG, Swiss RE, etc.