Insuranceciooutlook
Genasys: A Game Changer in the Insurtech Space

Top 5 Insurtech Solution Companies in UK - 2021

The wave of digital transformation has brought immense innovations to the insurance sector. By implementing disruptive technologies into its workflow, this sector has been able to optimise various aspects of its operations and keep up with the demands of its customers.

Insurance companies have been utilising predictive analytics to forecast future events. Large sets of data are being collected and analysed to identify the risk of fraud, the risk of customer churn, and streamline the process of insurance claims and predict industrial trends.

Similarly, AI has been helping insurance companies to properly structure their data for analysis and detect fraud activity by identifying patterns in customers’ online behaviour. Besides, by employing AI-driven tools like virtual assistants and chatbots, insurance companies are able to respond instantly to their customers and provide services 24/7.

Coupled with that, even blockchain is being leveraged to improve the security of insurance transactions. The decentralised nature of blockchain ledgers makes insurance workflow impervious to corruption and manipulation. This, in turn, helps insurance companies to gain customers’ trust and ensure better safety in processes and transactions.

In order to assist businesses in the task of finding accomplished insurtech companies, we have compiled this issue of Insurance CIO Outlook Europe. In this edition, we have listed the top 5 insurtech companies in UK 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 5 Insurtech Companies in UK – 2021.”

    Top Insurtech Solution Companies in UK

  • Genasys offers a full-stack, cloud-based, modular insurance solution for insurers, MGAs, and brokers. The platform has 10 key modules with 400 off-the-shelf pre-configured sub-modules. The modular design of the platform allows the clients to pick and choose the module they require to create a solution that best suits their needs, whether it is an insurer, MGA, or a broker. Genasys follows a safe, agile methodology of deploying its products on its clients’ IT infrastructure. After deploying its products, the company works closely with the client to get direct business inputs about what the product needs to look like.

    genasys.com

  • Intelligent AI Limited

    Intelligent AI Limited

    IntelligentAI is disrupting Insurance Risk Management with AI and Data Analytics solutions to predict and mitigate global risk and bring clarity to insurers portfolios through AI document reading and Digital Twins of 100% of customer sites. Intelligent AI is part of the Innovate UK funded KnowRisk Consortium, bringing together for the first time, Insurance Risk, Supply Chain Risk and Audit Risk to deliver a 360 degree view of risk across the enterprise

  • Risk Solved

    Risk Solved

    Designed by a team of insurance experts, Risk Solved is a global risk management solution that enables insurance organisations to produce consistent real-time risk data insights. Risk Solved was launched to the insurance market in 2016 to provide a global digital risk management platform enabling carriers to improve their portfolio profitability. Its team is made up of insurance experts who have partnered with industry software specialists to create a global risk management platform for the insurance sector

  • Sensedia

    Sensedia

    Sensedia provides both an API Management Platform and Professional Services, helping companies design, expose, secure and govern their APIs. As Sensedia is focused exclusively on APIs, the company work under the premise that APIs deliver real business value and, through a Productive Platform, assuring the delivery of the best experience for internal developers or external partners

  • AdvantageGo

    AdvantageGo

    AdvantageGo provides revolutionary commercial (re)insurance management solutions that will transform how you manage risk administration. It harnesses the power of proven, functionally-rich core solutions and augments it with the energy and culture of being an InsurTech leader. AdvantageGo enables insurers and reinsurers around the world to fuse the traditional with digital, helping them to rapidly adapt, drive change and succeed with agile software and microservices