Plug and Play announced today the 16 startups that will join "Insurtech Europe powered by Plug and Play," the newly launched Plug and Play Insurtech Innovation Platform in Munich. This platform was created with some of Plug and Play's most trusted partners: Allianz, Munich Re, Talanx, Versicherungskammer Bayern and Swiss Re as well as in collaboration with the Insurtech Hub Munich (part of the Digital Hub Initiative by the German Federal Ministry for Economic Affairs and Energy).
The 16 startups partaking in Batch Zero have been carefully selected out of hundreds of applicants. They represent varied insurance areas from end distribution to claims handling and all the important processes in the middle. During the next three months, the startups will be introduced to Plug and Play's corporate partners and have the chance to land pilots, POCs, and investment opportunities with these companies. Plug and Play does not take equity as a prerequisite to join the program and there is no additional cost for the startups. Plug and Play invests separately from the activities of the program in line with its own investment thesis. The startups will remain part of the ecosystem even after graduation.