Insuranceciooutlook
Genasys: A Game Changer in the Insurtech Space

Top 20 Insurtech Companies in Europe - 2021

Considering the past two decades, the innovations happening in the insurance sector have been exceptional. By leveraging all the possibilities of digital transformation, this sector has been able to deliver a more streamlined and optimised service to its customers than ever before.

But like any other industries, security is one of the main concerns when it comes to insurance and its processes. In that regard, blockchain is helping insurance companies offer a more secure and robust way of transaction. By utilising the decentralised nature of this technology, the companies have been able to provide a transparent yet trustworthy way of process to their customers.

On the other hand, predictive analytics has been helping companies to efficiently forecast future trends and upgrade the way of operations accordingly. This technology also plays a role in detecting fraud risks and identifying customer churn. Similarly, AI has been assisting companies with data processing and fraud detection. AI algorithms can identify any abnormal pattern in customers’ behaviour and thereby eliminate the possibility of fraudulent activities. Moreover, AI is also been hugely contributing to the customer service division of this sector. Virtual assistants and chatbots are seamlessly carrying out customer service where queries and issues are attended around the clock.

In order to assist businesses in the task of finding accomplished insurtech companies, we have compiled this issue of Insurance CIO Outlook. In this edition, we have listed the top 20 insurtech companies in Europe to highlight the organisations that can escalate the chances of your growth. Equipped with innovative technological capabilities, these insurtech companies are set to transform the dynamics of the insurance landscape. This edition also blends through thought leadership from subject matter experts, CIOs, and CXOs. We hope this issue of Insurance CIO Outlook Europe helps you build the partnership you and your organisation need to foster an ecosystem driven by robust and efficient technology.

We present to you Insurance CIO Outlook’s, “Top 20 Insurtech Companies in Europe – 2021.”

    Top Insurtech Companies in Europe

  • addactis

    addactis

    Working alongside insurers players for 25 years, addactis provides worldwide innovative insurance software solutions. The company is proud to work for the Insurance industry by supporting Insurance carriers in their mission to manage risk both in Life & Health and P&C Insurance. addactis® combines Insurance industry knowledge and expertise and high level in analytics embedded in its software to transform risk and complexity into opportunities to improve the insurance business

  • Akur8

    Akur8

    Akur8 is revolutionizing insurance pricing with Transparent AI. Akur8 developed a unique AI-based insurance pricing solution that automates modeling for insurance companies while keeping full transparency and control on the models created, as required by regulators worldwide. Akur8 is the only solution on the market reconciling Machine Learning and Actuarial worlds - enabling customer lifetime value based price optimization

  • ASSFINET GmbH

    ASSFINET GmbH

    Assfinet has been developing and selling administration and sales solutions for the insurance market since 1991. With its award-winning software, the company is a pioneer in the field of digital cross-company process support. Assfinet secured its market position through regular investments and constantly expanding it

  • Axxis Systems

    Axxis Systems

    Axxis Systems was started to solve the complexity in integrating all areas of an insurance company. Its approach consists in delivering integrated fast user friendly software designed by a team of over 40 years of insurance experience. The company's product greatly simplifies company operation. This leads to substantial middle level workforce savings. In every implementation project, its team assures total integration between departments following a mature and tested methodology which has guaranteed a 100% delivery success rate

  • bsurance

    bsurance

    bsurance develops and embeds cloud-based insurance products for different size, sector businesses, enabling fully digitalised processes, providing next-generation solutions to the end-customers, and unleashing the business power. The company provides cloud-based and adjustable insurance products that are tailorable for any product or service

  • CelsiusPro

    CelsiusPro

    Founded in 2008, CelsiusPro is a Swiss Insurtech company that specializes in industrializing index insurance solutions to mitigate the effects of adverse weather, climate change and natural catastrophes. The company is a global leader as full service provider for risk modelling, underwriting and the administration of index-based risk management products and consultancy in the context of weather risk and natural catastrophes

  • FINEOS

    FINEOS

    FINEOS is a global software company providing modern customer-centric core software to the Employee Benefits and Life, Accident and Health industry. The company help its customers move on from outdated legacy administration systems to our modern purpose built, customer-centric core product-suite, FINEOS AdminSuite for New Business, Billing, Claims, Absence and Policy Administration, enabling improved operational efficiency, increased effectiveness and excellent customer care

  • FintechOS

    FintechOS

    FintechOS is on a mission to transform how people engage with the everyday services they need. Using innovative tools and a deep understanding of the customer journey, the company brings effortless, personalized experiences to everyone. FintechOS empower organizations to become truly customer-centric, helping them to adopt a data-driven approach, and consolidate critical data from multiple sources like databases or IoT devices

  • GT Motive

    GT Motive

    GT Motive Estimate comes fully integrated with the leading bodyshop management systems and manufacturer parts catalogues. It covers more than 1,100 models from 37 vehicle manufacturers, using OEM timings, AZT paint calculations and VIN query look-ups, and gives access to Escribe methods

  • Novum RGI

    Novum RGI

    NOVUM GmbH was founded in 1993 as an independent software company and has more than 25 years of experience in the development and implementation of core applications for the insurance industry in a variety of insurance lines of business and financial sectors. NOVUM develops both professional standard software and individual solutions for insurers, financial service providers, and FinTechs

  • Paladino

    Paladino

    Paladino is an end-to-end insurance enabler allowing its clients to manage customer processes centrally, automatically and fully digitally. The company develop and implement innovative insurance solutions in the shortest possible time and organise smooth operations. With the Insurance Engine TIE, Paladino Insurtech offers technology for bringing new insurance solutions to market faster and more efficiently

  • Parametrix Solutions Inc

    Parametrix Solutions Inc

    Parametrix Insurance provides insurance policies covering third-party IT downtime events such as cloud outages, e-commerce downtime, payment failures, and other disruptions from SaaS, PaaS and IaaS platforms. The company's parametric policies are simple: hassle-free claims & quick payments. Its fast-paying, automatically-triggered policies provide technology-reliant businesses with the liquidity and business continuity they need to quickly recover after downtime occurs

  • Shift Technology

    Shift Technology

    Shift Technology delivers the only AI-native decision automation and optimization solutions built specifically for the global insurance industry. Addressing several critical processes across the insurance policy lifecycle, the Shift Insurance Suite helps insurers achieve faster, more accurate claims and policy resolutions. Shift has analyzed billions of insurance transactions to date and was presented Frost & Sullivan’s 2020 Global Claims Solutions for Insurance Market Leadership Award

  • Syncier

    Syncier

    Syncier is an independent idea maker in the insurance world. Syncier craft digital solutions to make its clients' business safer, faster, and more efficient. Uniquely positioned to optimize your operations, the company combines the insurance excellence of Allianz, an established global player, with the agility of a startup company. From its SaaS philosophy to cutting-edge cloud technologies, Syncier bring new impulses to a sector that’s had a late start to digital transformation race

  • Upptec

    Upptec

    Upptec is one of the world's leading insurtech company that offers a portfolio of digital solutions for contents claims that enable automated and instant journeys for insurers and their policyholders 24/7. With 4 business areas; inventory, valuation, settlement and analytics the company offer the most sustainable digital customer experience. Upptec has 3 office locations in Malmö, Stockholm and New York

  • WUA

    WUA

    WUA helps companies become and stay the best in the digital arena. WUA is a worldwide market leader in global digital experience benchmarking on sales & service journeys. With a proven international research methodology and benchmark consisting of 50.000+ websites & apps the company deliver insight (rankings), focus (priorities) and energy (actions) within organizations so they can engage and move forward on delivering the best customer experience

  • Zov Solutions

    Zov Solutions

    Zov Solutions creates comprehensive software for insurers and MGAs to rid the insurance industry of inefficient systems and wasteful processes. From its offices in London and Sofia, the company has helped customers solve inefficiencies in 13 European markets

  • Adacta

    Adacta

    Adacta is a leading software provider for the insurance industry. The company's insurance platform, AdInsure, gives Life and P&C insurers a future-proof way to streamline their operations and processes. Formed in 1989, Adacta spent decades helping insurance organisations to grow their digital capabilities and drive new profits

  • Agito

    Agito

    Agito was established in 1997 to offer insurance industry-specific software solutions and services. The Company's fields of operation cover product development and implementation of core business applications in health insurance, life insurance, private pension, and property & casualty insurance solutions. Strategically focusing based on insurance industry solutions, Agito enables its clients to act more competitively under the variable conditions and challenges of domestic and foreign markets

  • Diastasys

    Diastasys

    Diastasys was founded in 2007 with the vision to enable insurance organizations to succeed by providing premier enterprise software solutions for core insurance applications, CRM and analytics to Greek and International markets. The company's key focus is to build insurance solutions that encompass its deep industry knowledge and are based on key Microsoft technologies