A consumer home management software startup won the National Association of Insurance Commissioners’ startup pitch competition.
The winner is California-based HomeZada, an InsurTech whose consumer home management software platform helps homeowners manage, maintain, protect and improve their residences. Its online and mobile platform combines apps, content and data, and a professional version helps companies in insurance, mortgage, real estate and other industries create digital home information for their clients to increase renewals and referrals.
The competition was part of the recent insurance conference held by NAIC in Kansas City June 3-7 with the theme of “Where Innovation Meets Regulation.” NAIC said its pitch competition had five industry judges, including a state insurance commissioner, corporate venture capital investor, insurance accelerators, insurance technology companies and strategic insurance thought leaders. The startups were judged in five categories: ingenuity, the potential market impact, competitive advantage, quality and the long-term viability for success.
John Bodrozic, a HomeZada co-founder, said the company was honored to be picked as a winner from among seven InsurTech finalists. He noted that his company has users in all 50 states and already has a number of insurance industry partners.
HomeZada is also looking for various strategic partner opportunities to scale up its platform, according to the contest announcement.
This was the third InsurTech pitch competition at the NAIC Insurance Summit, a gathering whose conference attendees included insurance commissioners and other insurance industry leaders, NAIC said.