#USA #Des Moines #Insurtech #BrokerTech Ventures #The Hartford

BrokerTech Ventures and The Hartford: A Powerful New Alliance

BrokerTech Ventures (BTV), the leading platform for insurtech innovation, has announced a strategic partnership with The Hartford, a renowned leader in property and casualty insurance, group benefits, and mutual funds. This collaboration aims to further drive innovation within the insurance sector, leveraging combined expertise and resources to create transformative solutions for the industry.

A Commitment to Innovation

Dan Keough, Co-Founder and Co-CEO of BrokerTech Ventures, expressed excitement about this new partnership, highlighting that The Hartford's rich history and cutting-edge approach to insurance will significantly enhance BTV's ecosystem. He stated, "The Hartford brings an additional depth of expertise, resources, and market perspectives to our ecosystem. Their commitment to innovation and collaboration will allow BTV to continue to empower transformation within the insurance industry.”

The Hartford has been pivotal in introducing innovative solutions and risk management strategies in the insurance domain. Matt Scott, head of Commercial Lines Innovation and Risk Services at The Hartford, shared his enthusiasm, saying, "At The Hartford, we are driven to find new ways to assist our customers in achieving their goals. Through our partnership with BrokerTech Ventures, we can collaborate with insurtech startups and industry leaders to develop solutions that help businesses navigate risk and achieve sustainable growth."

Expanding the BTV Network

With The Hartford joining the BTV network, the platform now connects 13 leading broker partners, 12 carrier and wholesaler partners, and a startup portfolio comprising nearly 60 companies, bolstered by an investment of nearly $3 million. The addition of The Hartford enhances BTV’s capabilities, making it a vital hub for collaboration among startups, brokers, and carriers.

BrokerTech Ventures continues to be a driving force in the insurtech landscape, boasting a 95% continued success rate among its startups. The companies within the BTV Accelerator program have seen total valuations rise to approximately $1.1 billion, reflecting an average valuation increase of 2x after their participation. Moreover, BTV startups have collectively raised over $280 million and conducted nearly 1,000 proof-of-concepts, showcasing the network’s influence and expansive reach in improving insurance technology.

Future Perspectives

The partnership between BrokerTech Ventures and The Hartford is poised to make a significant impact on the insurance technology ecosystem. As they integrate their strengths, they will likely accelerate the pace of innovation, ensuring that new technologies and solutions reach the market more efficiently.

BTV’s mission remains steadfast as it aims to champion broker-centric innovation and ideation. It plans to continue fostering an environment where startups can thrive and connect with established insurance leaders.

About BrokerTech Ventures

Based in Des Moines, Iowa, BrokerTech Ventures stands as the world’s first and largest broker-led insurtech ecosystem. The platform focuses on facilitating innovation, ideation, and communication in the insurance industry. By bringing together brokers, entrepreneurs, and industry leaders, BTV is dedicated to pushing the boundaries of what is possible in insurtech. To learn more, visit BrokerTech Ventures.

About The Hartford

The Hartford has been a trusted name in insurance for over 200 years, consistently recognized for its excellence in service and commitment to sustainability practices. The company operates under the brand name The Hartford and is headquartered in Hartford, Connecticut. For more information, explore The Hartford.