We stopped by to hear Global Insurance Accelerator managing director Brian Hemesath’s comments at Square One DSM’s StartUp Stories Wednesday. He discussed the status of the Global Insurance Accelerator, now that the first class of six companies has graduated from the 100-day program.

Six updates:

• It is likely that there will be more than the seven original investors in the effort. The initial investors, all insurance companies, are providing $100,000 a year on a year-to-year basis and have said they are pleased with how the accelerator is performing.

• There may be two classes next year, instead of one, and there is some talk of continuous accelerator services.

• The accelerator would like to add an existing company that already has a product out and perhaps has more revenue. That might mean offering more than the $40,000 now paid for a 6 percent share in companies attending the accelerator’s programs.

• The accelerator has drawn participants from San Jose, Calif., to Berlin, Germany, and will continue to pull internationally.

• More mentors and investors are needed.

• The goal will continue to be fostering innovation that will help a lot of insurance companies solve issues. The accelerator won’t accept applicants that want to compete directly with insurance companies.

Read more about the accelerator.