Media

CT, insurance groups sign deal with U.K. for ‘InsurTech Corridor’

March 10, 2022 Media

The Greater Hartford insurance sector and state agencies are joining forces with the U.K. government to launch a trans-Atlantic “corridor” with the aim of fostering closer business ties between Connecticut and Britain.

The MetroHartford Alliance, Connecticut Insurance & Financial Services, state Insurance and economic development departments and British industry group Insurtech UK, along with representatives from the British consulate, signed an agreement in Hartford on Thursday to remove jurisdictional barriers to cooperation and share knowledge and resources that would enable insurers in both Connecticut and Britain to explore and expand into each other’s markets.

The project, known as the “InsurTech Corridor,” will also include an online platform of free resources for interested companies. The site is expected to launch later this year.

“The InsurTech Corridor will revolutionize how we approach trans-Atlantic market entrances,” said Emma Wade-Smith, the British trade commissioner to North America. “As home to one of the oldest and largest insurance industries in the U.S., Connecticut is the perfect fit for the U.K. This Corridor will reduce bureaucracy, enabling the industry to better pursue growth and business opportunities, to the benefit of consumers and our economies in both locations.”

Connecticut officials, including DECD Commissioner David Lehman and Insurance Commissioner Andrew N. Mais, also praised the partnership, calling it an opportunity for the state to expand and strengthen its insurtech ecosystem.

“This collaboration with the U.K. will create overseas business development and investment opportunities for Connecticut companies as well as attract new firms and jobs to our state,” Lehman said.

The British government said it was interested in forging closer connections with the Greater Hartford region specifically because it is home to numerous insurance and finance firms, including Aetna, Conning, The Hartford, Travelers and Nassau Financial Group.

The agreement marks Connecticut’s second major overture to foreign businesses this year. Last month, Gov. Ned Lamont and state business development officials traveled to Israel to discuss expansion and investment opportunities with companies and venture capital funds there.

See the Full Article, here: https://www.hartfordbusiness.com/article/ct-insurance-groups-sign-deal-with-uk-for-insurtech-corridor

4 Top Tips for How To Turn $100 Into $1,000

February 18, 2022 Media

If you’re an underfunded investor with only a hundred bucks or so to put in play, you can grow that money slowly over time through traditional investing — but you’d better be patient. Another option, for the less patient perhaps, would be to take some big risks up front to try to turn that $100 into a respectable pile of seed money much quicker.

Your hundo would certainly be a whole lot more useful with an extra zero, but if turning a C-note into a G were some easy task, no one would have to work.

“First, you need to understand that turning $100 into $1,000 requires a whopping 1,000% return,” said Omer Reiner, a licensed realtor and president of Florida Cash Home Buyers. “Even some of the world’s most successful companies still take years to return 1,000%. However, that doesn’t mean that it’s not possible. You just need to take much riskier bets.”

Let’s explore those possibilities, shall we?

…

Ride the Super (Bowl) Crypto Wave

If you had put your money in Binance Coin at the start of 2021, you would have earned your 1,000% with plenty of room to spare by year’s end — 1,294%, to be exact. Shiba Inu gained 1,450%, Avalanche rose by 2,745%, Dogecoin gained 2,819%, Solana and Terra gained more than 9,000%, and Polygon gained more than 11,000%.

Right now, crypto is the superhero of supersized gains. If you happen to be holding any as you wait for the perfect moment to unload, it’s unlikely that 2022 will provide a hotter iron to strike than right now.

“Sell, not buy, Bitcoin,” said Paul Tyler, CMO of Nassau Financial Group in Hartford, Conn. “After the Super Bowl ads, everyone in America may be investing in this new asset.”

But buyer beware — same as with options, the bigger the potential gains, the bigger the risk. “Realize this is a highly speculative investment, not a savings strategy for retirement,” Tyler said.

…

Read the Entire Article, here: https://www.gobankingrates.com/money/financial-planning/top-tips-how-to-turn-100-into-1000/

Re/Imagine Welcomes Insurtech Israel

November 10, 2021 Media

Nassau Re/Imagine and the Hartford Insurtech Ecosystem are excited to host InsurTech Israel and 8 of their insurtech startups on Monday, November 15th! Will we see you there? During the event, you will get the chance to hear from 8 impressive startups that will pitch their products and ideas.

Can’t attend in person?

No problem! We will live stream the event on our platforms. Click below for direct access to the live event page.

EVENT LIVE STREAM »

We would like to give a special thanks to our event sponsor Connecticut Insurance and Financial Services (CT IFS) and to InsurTech Hartford for helping to organize the event!

About this event

This in-person event will take place at the Nassau Financial Group headquarters (the boat building). We are excited to meet with seven leading startups from the Israeli ecosystem.

Agenda

4:00 – Arrivals & networking

4:15 – Opening remarks

4:20 – Startup presentations

5:00 – Closing remarks

5:00 – Additional networking

6:00 – Departure

Startup’s we’ll meet

RavinAI (Claims vehicle inspection)
Insurights (Health benefits intelligence)
Gamasec (Cyber prevention & detection)
Covary (Gig insurance)
Emnotion (Climate risk modeling)
Psyber (Cyber underwriting risk assessment)
Urbanico – (Underwriting & pricing data )
Five Sigma – (Claims platform as a Service)

This is an in-person event. Hors d’oeuvres and beverages will be available.

Note: In compliance with local health mandates, masks are required. Also note, space is limited and this event is expected to be at capacity so do not wait to register.

CTStartup Podcast Episode 130: Building a franchise across the insurance value chain with Nassau

August 12, 2021 Laura Dinan Haber, Media, Paul Tyler

How do you become a 163 year old startup? It may seem like an oxymoron, but when it comes to reinventing itself, Nassau Re has made a name for itself in very short order. Tune in as Eric and Ojala discuss the ups and downs of insurance, finance, and supporting the Hartford startup ecosystem.

This podcast is sponsored by CTNext and Connecticut Innovations.

Listen here: https://soundcloud.com/ctstartup/episode-130-building-a-franchise-across-the-insurance-value-chain-with-nassau-re

The CTStartUP podcasts is all about connecting people who are passionate about the growing Connecticut startup ecosystem. The story of how CTStartUP podcast got started is not unlike how startups begin.

Learn more: https://soundcloud.com/ctstartup

Bringing together the InsurTech Ecosystem – Insurtech Conclave August 2021

August 10, 2021 Media

Bringing together the InsurTech Ecosystem: Hear from leading experts on trends and opportunities in the #insuranceindustry on Aug 10th from 10:55 AM to 11:25 AM ET

Accelerators Panel: Collaborating with startup accelerators to create a successful and scalable #InsurTech ecosystem
Paul Tyler, Chief Marketing Officer, Nassau Financial Group
Sabine VanderLinden, Co-founder & Managing Partner, Alchemy Crew
Prasad Joshi, SVP, Emerging Technology Solutions, Infosys
Susan Winkler, VP and Executive Director, Connecticut Insurance and Financial Services (CT IFS) (Moderator)

Key takeaways of this panel:

Innovation in the post pandemic context
Technology and trends driving a new ecosystem
Building capabilities and first mover advantage
Role of proprietary tech and data

Learn more about the Insurtech Conclave, including speakers, agenda, key takeaways, and more: https://www.infosys.com/newsroom/events/2021/insurtech-conclave.html

InsureLife raising Seed round, signs major Insurance brands, to digitally connect Insurance Companies with Customers and Agents, improving sales process

August 4, 2021 Media

RALEIGH, N.C., Aug. 4, 2021 /PRNewswire/ — InsureLife, a startup technology company in Raleigh, NC, has developed an AI-powered platform for Insurers that digitally connects their financial services products with consumers and agents, growing sales in a contactless world.

Investors in the Seed round include Nassau Financial Group, CFV Ventures, and several angel investors. InsureLife anticipates oversubscribing the Seed round.

https://www.prnewswire.com/news-releases/insurelife-raising-seed-round-signs-major-insurance-brands-to-digitally-connect-insurance-companies-with-customers-and-agents-improving-sales-process-301348878.html?a

InsureLife has secured distribution agreements with two major insurance companies – a leading Supplemental Health Insurer and Nassau Financial Group. Following the Seed round, InsureLife’s priority will be launching with these companies to distribute their products with InsureLife’s proprietary platform. InsureLife also intends to open its Series A round for growth capital later this year.

“We’re thrilled and honored to partner with forward-thinking investors and insurance companies who see the value in modernizing the antiquated insurance distribution chain. We’re excited to get moving with great brands like Nassau and one of the largest Supplemental Health Insurers and most recognized brands in the US. This round is the catalyst to many more growth opportunities that we’re already exploring for InsureLife,” said John Cammarata, InsureLife Co-Founder and Chief Technology Officer.

CFV Ventures, Managing Partner Nat Clarkson said: “The InsureLife team has created a unique solution that addresses a real need in the insurance industry. We are excited to be working with the organization and look forward to being a part of its future growth.”

Nassau Financial Group, Chief Marketing Officer Paul Tyler said: “We’re proud of the continued success of the team. We believe in their mission for agents and consumers now more than ever. We’re happy to see one of the early companies in our incubator, Nassau Re/Imagine, continue to gain momentum in the marketplace. In addition, we look forward to growing our Medicare Supplement insurance business in partnership with InsureLife’s team.”

Additionally, in 2020, InsureLife joined the Nassau Re/Image incubator in Hartford, CT, and won their pitch competition. They also placed second in the Fintech Frontier Pitch Competition in Cincinnati, OH.

To learn more about InsureLife, visit the company’s website.

SOURCE InsureLife

Podcast: It’s Getting Incredibly Hard to Find Yield – Why We Need More Innovative Products with Paul Tyler

July 20, 2021 Media

July 20, 2021

Paul Tyler is Chief Marketing Officer for Nassau Re, a 5-year old company driving innovation and new partners in the heart of the Insurance capital Hartford.

ReImagine! was designed to bring insurtech to Hartford and create new jobs. Nassau is focused on re-shaping retirement advice and services. They will soon be releasing a map of the 100-companies driving innovation and change in the space.

Listen to the podacst: https://insurtech.podbean.com/e/its-getting-incredibly-hard-to-find-yield-will-leads-to-more-innovative-products-wpaul-tyler-cmo-nassau-re/

Paul sees room for more innovative products, for example focusing more on how long people live that returns, or managing their decumulation of assets. The lines between the traditional life stages have blurred as people prioritize quality-of-life over the goal of retirement.

Follow Insurtech Leadership Podcast airing weekly hosted by Joshua R. Hollander. We give you up-close access and personal insights from the leaders of the fastest-growing #insurtechs and most innovative #insurance carriers and brokers.

ONWARD Ep. 1 Special Guests: Paul Tyler, of Nassau Financial Group & Laura Dinan Haber of Nassau Re/Imagine

June 29, 2021 Laura Dinan Haber, Media, Paul Tyler

Listen to the full episode: https://www.sentrycommercial.com/onward-ep-1-special-guests-paul-tyler-of-nassau-financial-group-laura-dinan-haber-of-nassau-re-imagine/

What effect has the pandemic had on our industry and the community in which we live, work, and play? Check out our ONWARD series, featuring interviews with Sentry Commercial’s Curt Gemme at The REC where he speaks with industry experts and discusses how they are moving upward and ONWARD!

On our first episode, Curt speaks with Paul Tyler, Chief Marketing Officer of Nassau Financial Group, and Laura Dinan Haber, Innovation Manager of Nassau RE Imagine. During this session, Curt and Paul discuss their meeting at Nassau’s headquarters in Hartford back in March 2020, and how Imaging/RE’s startup community was fueling our business community. ONWARD we go! We are back, Nassau/RE is back. Tune in and see what they have to say about their program and the return to Hartford.

The Future of E-commerce and The Contents of Our New Wallets

April 22, 2021 Media, Paul Tyler

By Paul Tyler, April 22, 2021

A recently-released report from Adobe’s e-commerce division shows that the pandemic helped increase online sales nearly $190 million between March 2020 and this February. The headline-grabbing prediction of the first $1 trillion e-commerce year in 2022 should have sent e-commerce stocks soaring, but it didn’t. What happened here?

A great case in point is Affirm Holdings (AFRM: Nasdaq) led by a former founder of PayPal (PYPL: Nasdaq), Max Levchin. Affirm reached a high in February, but has dropped 40% since then, primarily on the basis of weaker reported sales.

Affirm’s entire business model challenges the notion of how our future wallets may look. How we pay for transactions has been driven historically by which card falls out of a wallet first. The decision to pull out cash, a debit card, or a credit card has not always reflected a rational consumer choice…

Read the full article here: https://www.benzinga.com/news/21/04/20749044/the-future-of-e-commerce-and-the-contents-of-our-new-wallets

Nassau Re/Imagine Receives Honorable Mention In the 2021 CT Entrepreneur Awards

April 19, 2021 Media

Read the full release: https://ctentrepreneurawards.com/news-release-ct-entrepreneur-awards-recipients-named-4-19-21/

The Connecticut Entrepreneur Awards announced an impressive array of 25 category winners, along with 67 runners-up, during the 2021 Connecticut Entrepreneur Awards, which were presented during a virtual awards ceremony that highlighted the accelerating growth of the state’s entrepreneurial ecosystem.

The 5th Annual event celebrated Connecticut’s leading entrepreneurs, ventures, and the varied ecosystem elements throughout the state that support and encourage them. The awards ceremony highlighted businesses, organizations, and individuals from communities all across Connecticut, pursuing business opportunities across many sectors and industries.

Announcement of the winners followed an afternoon virtual expo and interactive product demonstrations, concurrent sessions, and panel discussions, in addition to the results of the public voting and judge’s choices. There were 15 Community Voting category winners and 9 Judges Selection category winners announced, along with honorable mention recipients. There were a total of 225 individuals, businesses, and organizations selected as finalists earlier this year, drawn from 434 nominations.

“The caliber of this year’s nominees was phenomenal. Collectively, those selected as winners in their categories, those earning Honorable Mention, and all the finalists, have a strong impact on our state and its communities,” said CT Entrepreneur Awards founder Bill Kenney. “Despite the obstacles of the past year, Connecticut’s entrepreneurial community showed tremendous resilience and ingenuity. These enterprises and initiatives are driving entrepreneurship and economic independence throughout Connecticut.”