Allianz Life and Securian Financial Team Up with gener8tor to Invest In, Accelerate Insurance Innovation
MINNEAPOLIS & ST. PAUL, Minn.--(BUSINESS WIRE)--Nov 13, 2018--To invest in the next generation of insurance technology and innovation, Allianz Life Ventures, part of Allianz Life Insurance Company of North America, and Securian Financial have joined forces with nationally ranked startup accelerator, gener8tor, to establish the OnRamp Insurance Accelerator.
Each year, five startups will be accepted into the three-month, concierge accelerator program in Minneapolis-St. Paul. Each will receive a cash investment of $100,000, office space and access to gener8tor’s global network of mentors and investors. Applications are now open for the first OnRamp Insurance Accelerator cohort. Startups may apply at onrampinsuranceaccelerator.com/apply.
“We are very excited to bring some of the brightest minds in insurtech to the Twin Cities through this new collaboration,” said Chris Hilger, Securian Financial’s chairman, president and CEO. “We are in the midst of a complete digital and technical transformation at Securian Financial, and our investment in the accelerator will give us further opportunities to collaborate with and learn from entrepreneurs developing the next generation of technology that will reshape our industry. We also feel that this is a great economic development opportunity for the Twin Cities, as startups from all over the country will get to see first-hand why the Twin Cities is such a wonderful place to live and build a business.”
“We are pleased to partner with gener8tor to support the insurance tech startups that are developing the tools and technology for tomorrow’s insurance industry,” said Walter White, president and chief executive officer of Allianz Life. “We have a common vision of the potential of new technologies, and a commitment to finding new, innovative and efficient ways to serve our contract and policyholders both today and for years to come.”
The creation of the OnRamp Insurance Accelerator builds off the success of the industry-leading OnRamp Insurance Conference. As part of the new Allianz Life Ventures, Securian Financial and gener8tor relationship, the annual OnRamp Insurance Conference will be held in Minneapolis-St. Paul. The 2019 OnRamp Insurance Conference will take place on April 11, 2019 at Target Center.
Started by gener8tor in 2016, the OnRamp Insurance Conference brings together the insurance industry’s leading corporations, investors and startups. The event specifically focuses on connecting insurance startups and investors with insurance executives in corporate venture capital, innovation, M&A and strategy. The conference highlights innovations disrupting the insurance industry, the leaders making such innovations possible and how new technologies and business models will reinvent the industry. The one-day event, which always takes place in a sports stadium, includes a full day of programming.
“The OnRamp Insurance Conference will bring thousands of insurance executives, investors and startups to the Twin Cities. To build off of those relationships, we are thrilled to team up with two of the best carriers in the business to invest in the best insurtech startups via the OnRamp Insurance Accelerator,” said Troy Vosseller, co-founder of gener8tor.
About Allianz Life Insurance Company of North America Allianz Life Insurance Company of North America, one of FORTUNE’s 100 Best Companies to Work For® in 2018, has been keeping its promises since 1896. Today, it carries on that tradition, helping Americans achieve their retirement income and protection goals with a variety of annuities and life insurance products. In 2017, Allianz Life provided a total of $2.7 billion in benefit payments that supported policyholders’ financial objectives. As a leading provider of fixed index annuities, Allianz Life is part of Allianz SE, a global leader in the financial services industry with 142,000 employees in more than 70 countries worldwide. More than 85 million private and corporate customers rely on Allianz knowledge, global reach, and capital strength to help them make the most of financial opportunities.
About Allianz Life Ventures Allianz Life Ventures, part of Allianz Life Insurance Company of North America (Allianz Life), makes investments in North American companies with potential market traction and a demonstrated ability to drive innovation. Allianz Life Ventures is uniquely positioned to leverage the financial strength and in-house expertise of Allianz Life to help our partners succeed. Active in all investment stages from seed and early stage to growth, current partners include: Core Innovation Capital, blooom, tomorrow, LifeYield, Gainfully, Vestwell, Ladder, and Covr.
About Securian Financial At Securian Financial, we’re here for family. And we’re here because of it. We’re guided by our purpose: helping customers build secure tomorrows. Since 1880, we’ve been building a uniquely diversified company that has outlasted economic ups and downs while staying true to our customers. We’re committed to the markets we serve, providing insurance, investment and retirement solutions that give families the confidence to focus on what’s truly valuable: banking memories with those who matter most.
About OnRamp Insurance Accelerator Each year, the OnRamp Insurance Accelerator, with Allianz Life and Securian Financial, invests in five insurtech startups who participate in a three-month, concierge accelerator program in Minneapolis-St. Paul. Each startup receives a cash investment of $100,000, office space and access to gener8tor’s global network of mentors and investors.
About OnRamp Insurance Conference The OnRamp Insurance Conference brings together the insurance industry’s leading corporations, investors and startups. The event specifically focuses on connecting insurance startups and investors with insurance executives in corporate venture capital, innovation, M&A and strategy. The conference highlights innovations disrupting the insurance industry, the leaders making such innovations possible and how new technologies and business models will reinvent the industry.
About gener8tor gener8tor is a turnkey platform for the creative economy that connects startups, entrepreneurs, artists, investors, universities and corporations. The gener8tor platform includes pre-accelerators, accelerators, corporate programming, conferences and fellowships focused on entrepreneurs, artists and musicians. gener8tor is a nationally ranked, GOLD-tier accelerator in the U.S. as ranked by the Seed Accelerator Rankings Project.
Securian Financial is the marketing name for Securian Financial Group, Inc., and its affiliates. Insurance products are issued by its affiliated insurance companies, including Minnesota Life Insurance Company and Securian Life Insurance Company, a New York authorized insurer. Securities and investment advisory services offered through Securian Financial Services, Inc., registered investment advisor, member FINRA/SIPC.
DOFU 10-2018 642733
View source version on businesswire.com:https://www.businesswire.com/news/home/20181113005255/en/
CONTACT: Securian Financial
Jeff Bakken, 651-665-7558
Brett Weinberg, 763-765-7160
Troy Vosseller, 608-354-6606
KEYWORD: UNITED STATES NORTH AMERICA MINNESOTA
INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY SMALL BUSINESS PROFESSIONAL SERVICES FINANCE INSURANCE
SOURCE: Securian Financial
Copyright Business Wire 2018.
PUB: 11/13/2018 09:00 AM/DISC: 11/13/2018 09:00 AM