Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the insurance industry. This time, you get to discover five hand-picked startups developing insurance risk management solutions.
Out of 390, the Global Startup Heat Map highlights 5 Top Insurance Risk Management Solutions
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 390 exemplary startups & scaleups we analyzed for this research. Further, it highlights five InsurTech startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these five startups & scaleups in this report. For insights on the other 385 risk management solutions for insurance companies, get in touch with us.
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RiskVille offers an Insurance Risk Management Platform
Founding Year: 2018
Location: Blackrock, Ireland
Reach out for Automated Risk Management
RiskVille is an Irish startup that develops a cloud solution for insurance risk management. The startup uses a set of tools such as risk monitoring, identification, assessment, and reporting as well as enables insurance businesses to automate routine operations. Moreover, it calculates risks associated with various assets to allocate appropriate premiums. This allows insurers to enhance customer satisfaction while reducing manual errors.
Trava provides Cyber Risk Management
Founding Year: 2020
Location: Indianapolis, USA
Funding: USD 4,03 M
Partner for Data-driven Cyber Insurance
US-based startup Trava builds cyber risk management solutions to protect small and medium-sized businesses (SMBs) from online threats. The startup’s platform provides comprehensive protection by combining cyber risk assessment, mitigation, and insurance. Further, it ensures an extra layer of protection for companies against residual risks. The insurance covers incidents such as cyber extortion, social engineering, business interruption, and virus transmission. Trava ensures financial asset protection and business continuity in case of cyberattacks.
Remitrix calculates Insurer Risk Factors
Founding Year: 2017
Location: Ramat Gan, Israel
Funding: USD 600 000
Use this solution for Risk Mapping
Remitrix is an Israeli startup that develops a platform to manage and predict risk capital. It uses machine learning (ML) algorithms to balance risk and returns. The startup’s platform allows insurance companies to handle life and general insurance as well as offers accurate capital projections. Remitrix allows risk managers to better manage risk maps and increase their profitability.
Jola offers Crop Insurance
Founding Year: 2018
Location: Paris, France
Work with Jola for Agriculture Risk Management
French startup Jola provides risk mitigation solutions for agriculture. It offers crop insurance to cover the damages due to extreme weather events and protects farmers against low yield. The startup also offers harvest insurance, prairie insurance, and macro-insurance products. Jola analyzes the potential risks that lead to crop damage and income loss to offer personalized risk management strategies, enabling data-driven agriculture practices.
At-Bay provides Digital Risk Insurance
Founding Year: 2016
Location: San Francisco, USA
Funding: USD 292 M
Partner with At-Bay for Active Cyber Risk Monitoring
At-Bay is a US-based scaleup that provides digital risk insurance for businesses. Its cyber insurance policy includes first- and third-party coverage as well as active risk monitoring & prediction. Further, the startup scans organizations’ systems to examine weaknesses and provide insights for improving security systems and mitigate risks.
Discover more InsurTech Startups
InsurTech startups such as the examples highlighted in this report focus on robotic process automation (RPA), cybersecurity monitoring, and personalized insurance. While all of these technologies play a major role in advancing the insurance industry, they only represent the tip of the iceberg. To explore insurance technologies in more detail, let us look into your areas of interest. For a more general overview, download our free InsurTech Innovation Report to save your time and improve strategic decision-making.
