Insurtech

With the Open Innovation Program, WiderPool will bring the best early-and-growth stage insurtechs and the largest insurers together to take the insurance industry to the next level. Our experts and our proven methodology will recommend the right match for you. 

We focus on these general areas to make you the digital insurer of the future:

Customer Experience & Data Analytics

Underwriting Products & Customer-Centric Services

Distribution

Claim Efficiency & Process Automation

Risk & Fraud Detection

The Open Innovation Program:

How it works

Is composed in two stages. First comes the Scout & Match  and after  this, if a company decided to have a tailored recommendation of the best fit startup, WiderPool offers the Tailored Program.

 

Into the details:

Our process step by step

Scout & Match Program

1. Program Kickoff

Our Open Innovation Program starts with identifying “pain points” of the Energy companies participants of the program. From that, we will identify the focus areas to be addressed and prioritize the innovation challenges & new growth opportunities and correlated technological verticals & solutions that will guide the scouting of the startups.

2. Promotion & Scouting

We will Scout, promote and connect with relevant innovative early-and-growth stage startups, collecting essential data from them. We will address highly recommended startups By leveraging our global partnerships with key Innovation Hubs and the 80+ Advisory Board members (C-Level Executives).

3. Curation 

After the scouting, we conduct an initial analysis from the collected applications to pre-select the best energy startups that have a fit with the defined focus areas.

Tailored Program

4. Due Diligence & Selection

We will further advance in the analysis of the deal-flow by applying our internal methodology followed by a due-diligence of the 10 finalists conducted together with our experts (C-Level executives) in the Energy market and specific technological verticals to provide a recommendation of the 3 selected finalists per focus area.

5. Presentation & Demo days with top Winners

The 3 finalists will be presented in a pitch day with the winners and the executive team of the corporate. An initial commercial proposal & term sheet will be prepared from the winners’ side to plan a negotiation, integration & investment.

Meet our Insurtech Experts

We allocate a top-notch selection committee to qualify the startups for you