Travelers

Company: Travelers

Location: Hartford

Economic Development

Company/organization description

Travelers takes on the risk and provides the coverage you need to protect the things that are important to you — your home, your car, your valuables and your business — so you don’t have to worry. Travelers believes that strong communities are sustained by educational and economic opportunities — and we are dedicated to assisting our communities in generating those opportunities.

How are you engaged/involved in supporting/advocating for the CT entrepreneur ecosystem?

Travelers and our senior leaders have supported the creation and launch of the Hartford Insurtech Hub. We serve on the board and Insurtech Advisory Committee for Launc[H], setting strategy for the growth of the innovation ecosystem, specifically around Insurtech. We also fund programs like Insurtech Hartford, reSET and Upward Labs. In addition to our financial commitment, our employees generously offer their time and expertise to mentor entrepreneurs in the ecosystem.

What improved in the CT entrepreneur ecosystem due to your involvement/advocacy in 2020?

In 2020 our support led to the launch of the third cohort of the Startup Bootcamp Accelerator, bringing 10 companies to Hartford from around the world. We also supported the launch of the first Insurtech Challenge, highlighting the top Insurtech companies in Hartford. We highlighted the strengths and opportunities of the ecosystem at a global stage at Insurtech Connect in a panel about the Hartford ecosystem, attracting interest from entrepreneurs and investors.

Nominator Justification

Travelers works with local business and is a big supported of the entrepreneur community.

Corporate/Institutional

Company/organization description

Travelers takes on the risk and provides the coverage you need to protect the things that are important to you — your home, your car, your valuables and your business — so you don’t have to worry. Travelers believes that strong communities are sustained by educational and economic opportunities — and we are dedicated to assisting our communities in generating those opportunities.

How are you engaged/involved in the CT entrepreneur ecosystem?

Travelers and our senior leaders have supported the creation and launch of the Hartford Insurtech Hub. We serve on the board and Insurtech Advisory Committee for Launc[H], setting strategy for the growth of the innovation ecosystem, specifically around Insurtech. We also fund programs like Insurtech Hartford, reSET and Upward Labs. In addition to our financial commitment, our employees generously offer their time and expertise to mentor entrepreneurs in the ecosystem.

What impact did your CT entrepreneur ecosystem involvement yield in 2020?

Our involvement has led to an overall increase in startups and investors coming to Hartford, and increased visibility of the ecosystem across the globe. In 2020 our support led to the launch of the third cohort of the Startup Bootcamp Accelerator. We also supported the launch of the first Insurtech Challenge and awarded a cash prize. We highlighted the strengths and opportunities of the ecosystem at a global stage at Insurtech Connect.

Nominator Justification

Travelers is one of the top investors in local initiatives helping the local entrepreneur community.

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