Silicon Valley-based startup accelerator Plug and Play, which has run several insurtech programs over the past several years, has entered a partnership with the Society of Actuaries.
The new partnership will help insurtech start-up companies to validate their technology and modeling processes by connecting directly with professional actuaries. In return, SOA members will get a feel for how the world of emerging technologies and insurtech is affecting their jobs.
A mentorship network will pair actuaries with start-ups for a longer-term collaborative experience. Members will also have exclusive access to a bi-monthly webcast and podcast series featuring the start-ups.
Saeed Amidi, founder and CEO of Plug and Play shared, “Actuaries bring the financial and technical expertise that our InsurTech start-ups need in order to create reliable and trustworthy InsurTech products for the insurance industry and consumers. The efforts of SOA members, regulators, and other industry professionals combined with tech-savvy entrepreneurship will lead to innovative technologies now and in the future.”
“As an organization, the SOA is committed to providing our members with innovative opportunities to elevate their skills and showcase their rigor in this rapidly changing industry," adds Andy Rallis, FSA, MAAA, president of the SOA.
