The corporates have joined eight other insurance companies in backing the Iowa-based Global Insurance Accelerator, which is preparing for its third year.

US-headquartered insurance groups EMC Insurance Companies and Markel Corporation committed to making annual investments in US-based startup accelerator Global Insurance Accelerator (GIA) yesterday.

GIA provides business assistance and seed funding for insurance technology startups, and is accepting applications for its third batch, with the program to run between January and April 2017. It is based in Des Moines, Iowa, a city that is home to more than 80 insurance companies.

EMC and Markel, like GIA’s other corporate backers, will provide…