10 Best Insurance Tech Companies to Watch in 2022

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Improve Customer Experience with InsurTech

The present insurance industry is more than numbers; it is also about data and technology. With most operations shifting online, it is vital to empower companies in the insurance industry for growth and development. InsurTech is a technological tool that transforms the insurance sector.

Since the insurance industry is customer-focused and data-centric, the lack of proper resources makes information and policy exploitation easier. InsurTech provides enterprises with customized solutions, social insurance, and online data migration. It creates no-code platforms and enhances the digital experience to meet business goals. InsurTech extends its support to various industries, including property and casualty, life and healthcare, finance and banking, and the service sector.

Various challenges, such as security threats, regulatory compliance, and weak IT systems, affect the insurance sector. With its agile, flexible, and AI-enabled cloud features, InsurTech designs user-friendly and seamless integration that protects customer data. It creates tools that comply with policies and increase enterprise-level security. InsurTech providers develop solutions that make app and workload configuration quick and efficient.

Insurance Technology’s latest and upgraded technology builds an accessible environment. Its workflow layout streamlines workloads and decreases DevOps costs. It also develops tools to improve system connection and integration.

InsurTech providers equip companies with customer-centric services for a convenient and comfortable customer experience and seamless digital navigation using innovative solutions and AI-powered systems.

 

10 Best Insurance Tech Companies to Watch in 2022

Innoveo AG

  • Vinod Kachroo, CEO
  • Our mission to empower enterprises in complex and regulated industries to re-imagine application development by enabling them to be connected, innovative, quick, and nimble. Innoveo’s cloud based, AI enabled no-code platform is currently in production globally at over 30 industry leaders across insurance, financial services, healthcare and real estate.

Majesco

  • Adam Elster, CEO
  • Majesco is the partner P&C and L&A insurers choose to create and deliver outstanding experiences for customers. We combine our technology and insurance experience to anticipate what’s next, without losing sight of what’s important now. Over 350 insurers, reinsurers, brokers, MGAs, and greenfields/startups rely on Majesco’s SaaS platform solutions of core, digital, data & analytics, distribution, and a rich ecosystem of partners to create their next now.

OTONOMI

  • Yann Barbarroux, CEO
  • OTONOMI is a blockchain-enabled parametric platform that transforms cargo insurance policies into fast, cost-effective, and transparent digital products.

OWIT Global

  • Wendy Aarons-Corman, CEO/President
  • OWIT Global is a global insurance technology provider offering solutions built on a modern architecture designed to simplify innovation and future-proof insurance processing. The OWIT Global portfolio is comprised of microservices offering a range of capability options including Bordereaux management, Specialty Lines rating services such as Cyber and A&H and complete policy processing.

Plymouth Rock Assurance

  • Brendan Kirby, Chief Information Officer
  • Plymouth Rock Assurance believes in making the insurance process simple and more accessible for its customers and independent agents by leveraging cloud services, building apps, and following a customer-centered personalized approach.

Prove Identity, Inc.

  • Rodger Desai, CEO
  • Prove offers phone-centric solutions that enable its customers to acquire new consumers and engage with their existing consumers by removing friction while bolstering security and enhancing consumer privacy & consumer choice. Prove's solutions are used by more than 1,000 businesses across diversified industries, including banks, financial services, healthcare, insurance, and e-commerce.

Ravin AI

  • Eliron Ekstein, CEO
  • Ravin creates transparency where vehicles operate or change hands, by monitoring their condition using everyday cameras and artificial intelligence.

Shift Technology

  • Jeremy Jawish, CEO
  • Shift Technology delivers AI decisioning solutions to benefit the global insurance industry and its customers. Our products enable insurers to automate and optimize decisions from underwriting to claims, resulting in superior customer experiences, increased operational efficiency, and reduced costs.

Zelros

  • Christophe Bourguignat, Founder/CEO
  • Zelros is a pioneer in InsurTech to help insurers offer hyper-personalized product recommendations across all channels. With Zelros, Insurers boost client acquisition, cross-sell and up-sell while increasing agent effectiveness. Zelros stands out by making their AI platform low code, faster and smarter, and helps insurers stay on track with their Ethical AI programs.

Zipari Inc.

  • Mark Nathan, Founder/CEO
  • Zipari. We've pioneered consumer experience technology for health insurance with the power to change an industry. Our platform offers unparalleled insights of every member touchpoint, the most accessible and comprehensive member profiles, and configurable solutions that build on your current technology.

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