Capstone – Project

Develop a Set of Market Landscapes for InsurTech Startup Categories

A Collaboration Between

Project Synopsis

We operate a corporate innovation program for large U.S. based insurance companies including Nationwide and CSAA (AAA’s insurance company). One of the key operations of our business is helping insurance companies meet their comprehensive, dynamic technology needs. We are seeking help to develop a market landscape map that draws from secondary data to illustrate how insurance companies from across the globe solve their problems using various technologies and which tech companies are currently positioned to meet those needs. Ultimately, we hope to introduce the first of such a comprehensive map in the industry, first as a static model and eventually as an interactive tool accessible via our social media platforms.

Project Topics

International Affairs

Product Design & Development

Research & Development

Company Information

CompanyInsurTech NY
HQNew York, NY
RevenueN/A
EmployeesUnlisted
StagePre-Revenue Startup
Hiring PotentialN/A
Websitehttps://www.InsurTechNY.com

Company Overview

InsurTechNY supports the insurance innovation community in the New York metro area. Founded in 2019, InsurTechNY brings together carriers, brokers, investors, and InsurTech startups via bi-monthly programs. InsurTechNY's mission is to drive talent to insurance, make regulation innovation-friendly, attract InsurTechs to the New York metro area, and improve access to investment. Learn more at www.insurtechny.com or follow us on LinkedIn (linkedin.com/company/insurtechny).

Experiential Learning Program Details

SchoolDr. D Y Patil B School (DPU)
Engagement Format -
CourseDPU Student Consulting Experience
Level
  • All Graduate
Students Enrolled127
Meeting Day & TimeTBD
Student Time Commitment8-15 Hours Per Week
Company Time Commitment2 Hours
Duration7.14 Weeks

Program Timeline

Touchpoints & Assignments Due Date Type
DPU PRE-KICKOFF Q&A @ 8:00 AM ET

DPU PRE-KICKOFF Q&A @ 8:00 AM ET

July 23rd, 2021 Event na
REMINDER OF CONFIDENTIALITY

REMINDER OF CONFIDENTIALITY

During this program, you'll be working on a real project posed by a real industry partner. By registering for the CapSource system and participating in this Program, you are bound by the Rules of Engagement, including strict confidentiality of information shared with you. Please be respectful and professional.
July 23rd, 2021 Event na
Teams Finalized & Shared with Industry Partner

Teams Finalized & Shared with Industry Partner

 
July 25th, 2021 Event na
UPLOAD YOUR RESUME UPLOAD YOUR RESUME
 
July 26th, 2021 Submission Required submission-required
KICKOFF EVALUATION DUE

KICKOFF EVALUATION DUE

July 26th, 2021 Evaluation evaluation
Professional Development Session with Greg Zlevor, Westwood International

Professional Development Session with Greg Zlevor, Westwood International

July 27th, 2021 Event na
OFFICIAL PROJECT KICKOFF @ 8:00 AM ET

OFFICIAL PROJECT KICKOFF @ 8:00 AM ET

Industry Partner to Share Calendar Invite with Web Conference Details
July 27th, 2021 Event na
UPLOAD MILESOTNE #1 DELIVERABLE UPLOAD MILESOTNE #1 DELIVERABLE
August 3rd, 2021 Submission Required submission-required
TEMP CHECK #1 DUE

TEMP CHECK #1 DUE

August 10th, 2021 Evaluation evaluation
UPLOAD MILESOTNE #2 DELIVERABLE UPLOAD MILESOTNE #2 DELIVERABLE
 
August 18th, 2021 Submission Required submission-required
TEMP CHECK #2 DUE

TEMP CHECK #2 DUE

August 31st, 2021 Evaluation evaluation
UPLOAD MILESOTNE #3 DELIVERABLE UPLOAD MILESOTNE #3 DELIVERABLE
 
September 1st, 2021 Submission Required submission-required
Final Presentations

Final Presentations

Link provided by Industry Partner
September 14th, 2021 Event na
OFFICIAL PROJECT END

OFFICIAL PROJECT END

September 15th, 2021 Event na
UPLOAD FINAL PRESENTATION UPLOAD FINAL PRESENTATION
September 15th, 2021 Submission Required submission-required
UPLOAD FINAL REPORT UPLOAD FINAL REPORT
September 15th, 2021 Submission Required submission-required
PEER EVALUATION DUE

PEER EVALUATION DUE

September 17th, 2021 Evaluation evaluation
SELF EVALUATION DUE

SELF EVALUATION DUE

September 17th, 2021 Evaluation evaluation

Key Project Milestones

  • August 3, 2021 - Deep Dive Into Insurtech and the Insurance Marketplace in India

    • Become familiar with the company and current portfolio and product offerings. 
    • How does the company categorize and organize their products? 
    • What is their value proposition?
    • Who are the key stakeholders? 
    • Who is the target audience? What problem does the company help their customers solve? What needs are met?
    • Which segment of the target audience is the focus of this project? What specific needs of these companies are addressed with this project? In what ways does the current project have the potential to impact their bottom line?

    Suggested Deliverable:

    Internal Report

  • August 18, 2021 - Conduct a content analysis of secondary data on problems and solutions from a multi-national population of insurance companies

    • What method will you use to analyze existing data using from problem statements gleaned from survey of member insurance companies
    • What thematic categories emerge? How will you assign cases and their solutions?
    • How do you handle
      • Conceptual ambiguity?
      • Situations where the solution is more complex that the mapping structure you are asked to use?
      • What methods should you use to increase confidence in your analysis and interpretation?

    Suggested Deliverable:

    Presentation of the analysis and emergent themes

  • September 1, 2021 - Gather intelligence on technology companies

    • What technologies are insurance companies using to solve their business needs, challenges, pursuits?
    • What key functions did these technologies serve? What product or services do they offer that fulfills the needs of the insurance companies?
    • Given you are building upon an existing descriptive model, what other key facts should you collect about the technologies and technology companies?
    • How do these data inform the model?

    Suggested Deliverable:

    Data set and descriptive statistics

  • September 15, 2021 - Create a Multi-factor Matrix and Visual Map

    • Using software that allows for data visualization based upon the size of the value, create a visual map that demonstrates the correspondence between insurance company problems/needs and technological solutions.
    • What data fields will  you use to construct the map?
    • How will you code data to reveal important patterns in the data?
    • What does the analysis reveal?
    • How do you anticipate insurance and technology companies could benefit from the knowledge from this resource? Who/what other groups are potential stakeholders?

    Suggested Deliverable:

    Multi-factor matrix and visualization

Project Resources

There are no resources currently available

Industry Mentors

Company Admin

David Gritz

[email protected]

Academic Mentors

Instructor

Parminder Kaur 

[email protected]

Assigned Students

Student

Jai Basantani

[email protected]

Student

Kabir Arya

[email protected]

Student

Lily Pandey

[email protected]

Student

Mayank Agrawal

[email protected]

Student

Mayank Piriya

[email protected]

Student

Anubhav Tiwari

[email protected]

Student

Aayush Shendurnikar

[email protected]