Cary, North Carolina – 101 Weston Labs, an InsurTech accelerator focused on innovations for independent insurance agents, has announced a new sponsorship from Risk Placement Services (RPS), a national specialty insurance product distributor for independent insurance agents.
The accelerator, which is a project of the Independent Insurance Agents of North Carolina (IIANC), is in the process of launching its inaugural cohort of technology companies innovating in areas like AI, data analytics, process automation, cyber liability, quoting, and more. 101 Weston Labs will work to advance their efforts with access to funding, agent product testers, advisors, and consulting from program stakeholders. RPS’s sponsorship will include significant funding of the project and its development of these new InsurTech solutions.
Wayne Leshynski, Sr. Vice President at RPS, said that the shared goal of supporting the future health of the independent agency system drove their interest in sponsoring the program. “RPS has always supported technological developments to improve the insurance industry’s underwriting, claims management and sales results. Our sponsorship of 101 Weston Labs furthers this initiative, specifically for our independent agent partners like the members of Independent Insurance Agents of North Carolina.”
“We greatly appreciate the significant financial contribution RPS is making to this project by joining our Founders Circle,” said Aubie Knight, CEO of IIANC. “For years, RPS has been a great partner to IIANC and a leader in the industry. This is another great example of how they back up their mission of supporting independent agents.”
The inaugural 101 Weston Labs cohort begins the program on June 12, 2023, and culminates on August 28, 2023, with an in-person and virtual Demo Day where participants pitch their products to an audience of investors, corporates, agents, and other stakeholders.
More information may be found at 101WestonLabs.com or by contacting Pat Cline at pat@101WestonLabs.com.
Independent Insurance Agents of North Carolina (IIANC) empowers its members to rise above the competition by offering them the tools and resources to succeed in today’s insurance industry. IIANC is proud to serve as the unrelenting advocate and strategic business partner for nearly 1,000 Trusted Choice® independent insurance agency members across the state. IIANC member agencies represent more than one insurance company, and as a result, can offer clients a wider choice of auto, home, business, life, and health coverages while providing valuable guidance and advocacy. For more information, visit www.iianc.com.
101 Weston Labs is an InsurTech accelerator founded by IIANC to help develop technology advancements for the independent insurance agency community nationwide. The accelerator supports a cohort of technology companies innovating in areas like AI and data science, advancing their efforts with access to funding, agent product testers, advisors, and consulting from program stakeholders.
Risk Placement Services (RPS) is one of the nation’s largest specialty insurance products distributors, offering valuable solutions in wholesale brokerage, binding authority, programs, and standard lines, plus specialized auto through its Pronto Insurance brand. Headquartered in Rolling Meadows, Illinois, RPS has more than 80 offices nationwide. For more information, visit RPSins.com.