Tag: Insurance Tech
When catastrophic flooding devastated Germany in July 2021, InsurTech startup claimsforce saw a 300% load increase on their systems. As a key player in the digital transformation of the European insurance industry, they serve multiple insurers and damage adjuster networks, leading to an ever-increasing amount of data stored in their application databases and sources. Learn how they leveraged a Lake House approach to efficiently perform tasks on distributed data and gain insights against a growing volume of data.
Purple Ant is a subscription-based property monitoring platform that enables its customers to detect, prevent, and track damage to their homes using IoT devices. We recently sat down to walk through how they’re leveraging AWS IoT Core to do it.
Founded in 2015, Root Insurance utilizes the technology in your mobile phone and Amazon SageMaker to offer smarter, fairer, insurance prices based on actual driving data.
When Esteve Alquézar Mora was hired on to wefoxgroup team in December 2018, he was the first full-time employee dedicated to managing the insurance startup’s infrastructure. The then 4-year-old company was running on Heroku, and Alquézar jumped in to understand how to best set up wefoxgroup to successfully scale. As the team grew, wefoxgroup decided to migrate to AWS. Here’s why.
Amenity Analytics Uses a Serverless-First Architecture and NLP to Break Down Text-Based Financial Data
Founded in 2015, Amenity Analytics offers advanced natural language processing technology that helps financial companies extract actionable insights from text at scale.
Despite existing insurance companies best efforts, the process of buying home or auto insurance, let alone bundling them together, is rarely easy or clear—rates change, coverage is confusing, and understanding why is anything but intuitive. Today, startups like Branch Insurance are radically simplifying the insurance experience for customers. Here’s how they’re doing it.
Annual losses from UK flooding are estimated to be in the region of £500 million, with huge amounts of uninsured loss every year. “Parametric” or “event-based” insurance is one potential solution to this insurance gap. Using affordable IoT technology and platforms like AWS, FloodFlash is the first company to offer parametric flood insurance to small businesses.
Touting the ProNavigator platform as “Siri for insurance,” Founder & CEO Joseph D’Souza explains how the insurance tech startup is transforming communication between players in the insurance industry.