2024 FIRE Accelerator Presented by Erie Insurance and ValueMomentum
The Erie Regional Chamber and Growth Partnership (ERCGP) is excited to announce the new cohort of the 2024 FIRE Accelerator Program, presented in partnership with Erie Insurance and ValueMomentum.
This year’s cohort features five dynamic startups focused on revolutionizing the insurance industry through cutting-edge technology and innovative solutions:
– Doclens: A SaaS Legal Risk Technology platform utilizing AI/ML to analyze both structured and unstructured data, offering a unique risk framework for documents.
– Forcefield: A content validation and protection technology that ensures the authenticity of data, such as videos or IoT sensor data, from devices used during claims processes.
– Refocus AI: A predictive AI tool designed to help insurance brokers and agents identify which personal and small commercial insurance accounts are at risk of attrition.
– Vecto Mobility: A platform bridging insurance companies with a broad mobility network, providing claimants with convenient replacement vehicle options, including ride-sharing services and smaller rental companies.
– Chestnut: A company dedicated to modernizing the insurance industry’s data infrastructure, with a focus on enhancing how carriers manage distribution relationships and incentive compensation.
The FIRE Accelerator Program, now in its seventh year, is this year focused on fostering innovation in the U.S. insurance sector. These five startups will undergo a rigorous 10-week curriculum, working closely with mentors from Erie Insurance, ValueMomentum, and industry experts. The program offers support through capital investment, mentorship, networking opportunities, and exposure to potential customers and partners.
“We’re thrilled to welcome this year’s talented group of startups to the FIRE Accelerator,” said Jordan Fuller, director of entrepreneurship at the Erie Regional Chamber and Growth Partnership. “Our goal is to continue driving innovation within the insurance industry, and with the support of our sponsors, Erie Insurance and ValueMomentum, we believe these startups will make a profound impact.”
About Erie Regional Chamber and Growth Partnership
The Erie Regional Chamber and Growth Partnership is dedicated to promoting economic growth, advocating for businesses, and driving community prosperity in the greater Erie region. Established in 1847, the Chamber serves as a catalyst for local businesses, fostering an environment where companies can thrive and make a positive impact on the community.
About Erie Insurance
According to A.M. Best Company, Erie Insurance Group, based in Erie, Pennsylvania, is the 12th largest homeowners insurer, 13th largest automobile insurer and 13th largest commercial lines insurer in the United States based on direct premiums written. Founded in 1925, Erie Insurance is a Fortune 500 company and the 17th largest property/casualty insurer in the United States based on total lines net premium written. Rated A+ (Superior) by A.M. Best, ERIE has more than 7 million policies in force and operates in 12 states and the District of Columbia. News releases and more information are available on ERIE’s website at www.erieinsurance.com.
About ValueMomentum
ValueMomentum is a leading solutions provider for the global property & casualty insurance industry. The company helps insurers stay ahead with sustained growth and high performance, enhancing stakeholder value and fostering resilient societies. Having served over 100 insurers, ValueMomentum is one of the largest services providers exclusively focused on the insurance industry.
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