5 women-led insurtechs for International Women's Day 2023

March 8, 2023 3:27 PM

Digital Insurance is celebrating International Women's Day with this list of women-founded insurtechs from our Meet the Insurtech series. Women still face difficulties getting the crucial funding to get their companies off the ground: as little as 1.9% of all venture funding went to women founders last year. That means this is likely only a sliver of the ideas generated by women in the sector. If you are, or you know, a woman founder who is interested in being profiled for our series, reach out to managing editor Kaitlyn Mattson at kaitlyn.mattson@arizent.com.

[Don't forget to nominate women leaders at insurance carriers, agents and brokers for Women in Insurance Leadership and WIL NEXT.]

Meet the insurtech: Centinel

Building a new parametric insurance service that automates claims.

Soton Rosanwo, founder and CEO, Centinel Insurance

Founder Soton Rosanwo saw a way to leverage data and decentralized technology to cover what would normally be hard-to-insure risks. Her previous experience includes management consulting at Bain & Company and product strategy management at Allstate. In 2020, while at Allstate, she surveyed 400 people and found that 70% lacked coverage for hard to insure risks, and would be willing to pay for it at an amount that would make it viable.

Read the full article.

Meet the insurtech: INZMO

Meeri Savolainen

Jake Farra/Foto - Jake Farra

Recognized as one of the top 10 insurtechs to watch by Europe’s VCs, INZMO, a Berlin-based insurtech, provides B2B2C services across multiple verticals, including bike insurance, electronics and rental deposit products. CEO and co-founder Meeri Savolainen worked as a lawyer for Ernst and Young and other advisory companies as a tax and legal consultant.

Read the full article.

Meet the insurtech: Actuology

Focusing on advisor relationships.

Steph Tulley

Steph Tulley moved to Tampa five years ago to be near insurance opportunities as she described the area as one of the best places for the industry. She didn't plan to start an insurtech, but she did. Tulley, CEO and founder of Actuology, started the company in February. Actuology provides an ecosystem to introduce consumers to digital commercial insurance options. The platform streamlines the advisor process.

Meet the insurtech: Spokk

Ukrainian pet insurance startup thrives in challenging conditions.

Alexandra Gladyshevskaya, CEO, Spokk

In the middle of a pandemic, followed by Russia's invasion of their home country, the Ukraine-based insurtech startup Spokk began building a pet insurance business geared to serving policyholders ages 18 to 25. "[Customers] are not just interested in the product itself, in the policy," says Alexandra Gladyshevskaya, CEO of Spokk. "It's also about customer experience, something that they can tell their friends, 'Look, I just insured my dog with Spokk and it's really cool.' Not because of the coverage, but because they're doing amazing things."

Read the full article.

Meet the insurtech: Handdii

The insurtech's software streamlines small property claims.

Originally founded in Australia in 2019, and later expanded to the United States in November of that year, the insurtech Handdii is designed to ease the frustrations surrounding small property insurance claims. Co-founders Christie Downs, CEO, and Kathryn Wood, COO, saw the opportunity for disruption in the often lengthy and cumbersome process of a property claim payout.

Read the full article.