InsurTech Impact 25 Members update – August 2021
August 27, 2021
The latest news, content and job openings from our Impact 25 Members, now featuring 100 companies following the publication of the 2021 report.
Click on the companies featured in this article to be taken to Magellan™, Oxbow Partners insurance technology navigator. Discover in-depth data on company capabilities, clients, and geographies, as well as browse relevant news and insight. Contact the team to find out more.
Akur8 have announced a new collaboration with Beesafe and Compensa, two entities of Vienna Insurance Group in Poland. Discover more
Optalitix is launching a new product, Optalitix Quote, for Lloyd’s insurers. This SaaS based product includes an integration to PPL, an embedded spreadsheet modelling system and underwriter workflows. It will be available for wider distribution from September.
Optalitix and Iotatech have agreed a partnership that will see Acumen, the Optalitix flagship product integrate with the Iotatech Platform and provide Iotatech’s customers with the ability to turn their spreadsheets into integrated cloud-based models with artificial intelligence capability. This can all be done in a no-code environment, significantly reducing system development cost.
Optalitix and Claim Technology have agreed a partnership that will see Acumen integrate with Claim Technology’s InsurTech platform and provide their customers with the ability to use spreadsheets to improve claims intelligence, reduce the cost of fraudulent claims and improve customer experience.
Clausematch have recently conducted their first ‘Voice of RegTech’ survey between May 2020 and May 2021, in an effort to get a better understanding of how the pandemic has impacted regulatory technology firms. Read the report
Artificial have launched algorithmic trading on their technology platform. Market-leading carriers and brokers are now working with Artificial to trade algorithmically, offering written lines for submissions that are within appetite. Discover more
Cybercube have collaborated with Fitch to model the impact of systemic cyber events on the U.S. banking sector under various cyber risk scenarios. Discover more
Bikmo have partnered with What3Words to become the first insurer to utilise the location innovator to enable customers, including Deliveroo riders, to simplify location data when making a claim, and improve the accuracy of claims data for risk profiling. Discover more
Socotra, Mendix, and First Technology have announced a low-code joint solution using advanced analytics to improve operational decisions. Discover more
Concirrus have outlined how they are managing on-cover risk in Quest Marine Cargo using an interactive map, allowing clients to perform a combined assessment alongside the potential impact of large loss events. Discover more
Flock have raised a $17m Series A. This round brings Flock’s total funding to $22 million. Discover more
Concirrus’ Chief Executive and Co-founder, Andrew Yeoman, was interviewed for Oxbow Partners’ TechExec series. Read the interview
Optalitix recently posted an article explaining how to quickly move spreadsheet pricing models into the cloud without incurring lots of development costs. Read more
Artificial have shared an article about how the insurance digital transformation is being led by AI and machine learning: “What does the insurance digital transformation look like?” Read more
battleface have interviewed Sarah Williams, host of Tough Girl Podcast. The interview delves into the motivations, strategies and successes of some of the world’s most intrepid female adventurers and athletes. Read the interview
Socotra have shared their latest case study, “How a 300-year-old insurer unlocked the SME market with Socotra.” Read more
Cloud Insurance have shared their latest article, “Why your Insurance business needs BOTH Digital Transformation and Insurtech to Gain Competitive Advantage?” Read more
Akur8 have a number of job openings available. Visit careers page
battleface is looking for a Business Development Manager. View job opening
For all other vacancies at battleface, visit their careers page.
Concirrus is looking for a Big Data and Machine Learning Architect. View job opening
Concirrus has an opening for a Project Manager – Quest platform. View job opening
OneDegree is looking for a VP of Engineering to join IXT’s growing team. View job opening