Insurtech Layr which is an Atlanta-based startup has been shortlisted as one of 12 companies across the U.S. and the Netherlands to participate in the 2021 BrokerTech Ventures accelerator program.
BrokerTech Ventures (BTV) represents 24 of the largest insurance companies and agencies in the United States. It is the nation’s first broker-led accelerator program through which participants gain access to years of industry experience and wisdom through mentorship with insurance thought leaders, assistance in fine-tuning their technology, the ability to deploy these technologies within the BTV network, and $50,000 in seed investment.
Dan Keough, Holmes Murphy chairman and CEO and BTV Co-Founder said, “As we embark upon the second year of our BTV Accelerator, we were thrilled to receive nearly double the applicants with a greater range in diversity, the broader spread between P&C commercial and health/benefits-tech solutions, and some of the highest-caliber early-stage and growth insurtech companies.”
“Small business insurance is broken. Traditional methods leave brokers struggling to offer the digital access and experience the market demands,” says Phillip Naples, Co-Founder, and CEO of Layr. He also added, “We’ve innovated securing and managing business insurance by creating an entirely new and automated process that meets the needs of modern business owners.”
Using artificial intelligence Layr is growing in business. Buying insurance from Layr is very easy and efficient as a customer can buy the insurance online within 12 minutes and can pay the premium monthly with the help of a credit card. “Modern small business owners expect to purchase business insurance like they do everything else – online, instantly,” says Andrew Egenes, Co-Founder and Head of Product at Layr. “With no on-demand solution for business insurance, many small business owners are uninsured or underinsured leaving them vulnerable. Layr removes that risk by recommending and matching small businesses with policies from top-rated carriers.”