Silicon Valley Insurance Accelerator (SVIA) recently launched its InsurTech Innovation Lab (Lab), a research, design and development center.
The Lab is available to insurance companies, InsurTech startups, and established solution providers through SVIA’s Membership program which provides participants access to the Lab, and to SVIA’s knowledge, events, activities and its innovation ecosystem.
The lab can fast track projects from proof of concepts to standing up complete solutions, products, and companies. Its services include concept development and validation, design, development, hosting, and outsourced business processes.
In addition to Lab projects, the Innovation Lab will host Innovation Bootcamps throughout the year. The Bootcamps are designed to bring new technologies and services providers together with companies interested in exploring and potentially piloting InsurTech efforts for proof of concept, product development or solution development. Technology areas of focus will include artificial intelligence (AI), machine to machine (M2M), blockchain, and robotics.
Founded in January of 2016 and led by Mike Connor, CEO, SVIA is an open innovation accelerator whose events and activities bring insurance, InsurTech, and technology firms and investors together to discuss digital insurance opportunities and challenges and to build partnerships and a community with a shared InsurTech interest. To date SVIA has hosted over 1,200 individuals and have had over 200 top innovators present at its events.