They follow a bold strategy to build on what makes Des Moines, home to 81 insurance headquarters, economically distinctive in an increasingly competitive global marketplace.ĭes Moines, best known for its agricultural roots and role at the center of American presidential politics, doesn’t fit the conventional image of a global city. The accelerator and the symposium are two prongs of an effort by regional leaders to position Des Moines as a global center of insurance innovation, reinventing the industry by developing the new technologies and services increasingly expected by digital-savvy consumers. Participants conclude the program by pitching their ideas to the hundreds of industry leaders from around the world that attend Des Moines’ annual Global Insurance Symposium.
Insurance carriers, who each invested $100,000 in the accelerator, serve as mentors and experts, providing real-world insights while also getting a first look at emerging startups and innovations. Organized by the region’s Global Insurance Accelerator, these entrepreneurs are equipped with $40,000 in seed capital and trained in sales, business development, marketing, and other business essentials. Over the last two years, enterprising software engineers and coders representing a dozen startups hailing from as far as Ireland, Brazil, and Germany have arrived in Des Moines, Iowa, for a 100-day sprint to take their innovations to market.
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