TOLEDO, Ohio, Oct. 8, 2019 – Hylant has come a long way since its start in a one-room office in 1935. Now one of the largest privately held insurance brokers in the U.S., the company last Friday penned a three-year deal with BrokerTech Ventures: The first accelerator program and investor group designed specifically to incubate technologies for insurance brokers. Hylant joins eight peer agencies who will identify, fund and mentor entrepreneurs looking to find new ways to meet and exceed customer needs.
Already a partner to several insurtech startups, all of whom have seen early success, a deal with BrokerTech only pushes Hylant’s competitive edge and innovation capability.
“The last several years has seen an onslaught of entrepreneurs and venture capitalists investing in new technology. Yet to date, much of their focus has been on insurance and reinsurance companies. BrokerTech is unique in that way,” said Hylant Chief Operating Officer Andy Dale. “We hope to gain ready access to innovations in a broker-centric space, as well as new business relationships with a diverse group of industry thought leaders.”
The program will kick off February 2020 with the selection of the first round of investments.