We analyse the financing rounds that have taken place in the insurance sector.
Bdeo is a national pioneer in the inclusion of visual intelligence in the service of the insurance industry, which helps to simplify the expert process in claims assessment. The technology generated by this company goes beyond the calls to the experts to put parts, as they allow, without the need to download any application, to make a video call where you can explain the context and give details as well as provide evidence through recordings of the situation.
The feature that differentiates this company's technology from a simple photo is the ability to automatically process existing evidence through artificial intelligence, being able to be more accurate, to see damage, to quantify it and to prevent fraud more easily.
In this way, thanks to this technology, surveyors can increase the number of surveys they can carry out in a working day and reduce their processing time by 80%, as well as reduce the costs of the service, helping to improve the profitability of the service.
In addition, the provision of graphic evidence and its classification allows, in case of trial, a greater protection of the user, giving veracity to the evidence, including in this procedure facial recognition of the affections, and a total control as the information is shared by both parties of the event.
In mid-April this company opened a seed funding round, in which they have been able to raise €1M from Big Sure Ventures and K Fund. This will allow the company to strengthen its team of professionals and consolidate its position in the markets where it operates by offering a better customer service.
Within the insurance sector, we have gathered the following relevant transactions:
Wefox is an intermediary company that allows users of its application to easily access all insurers' contacts, compare insurance, take out new insurance or break ties with old insurance contracts.
In addition, to facilitate this process, personal assistants are made available free of charge to help in the choice of these decisions.
Due to the growth of associated brands and users, the company has decided to take a leap and grow in new markets, for which they have carried out a capital increase amounting to $125MThe project is funded by the Mudabala Ventures fund.
This firm has developed a intelligent platform that allows the explanation of the user's requirementsThe new system, which uses machine learning technology to help you choose the most appropriate insurance, assists you in the whole process of taking out home insurance policies.
By the end of 2018, Hippo Insurance received $70M from 11 different investors, helping its international expansion, thus enabling it to grow the team, translate the platform and increase marketing spend to reach more users.
Sure is a company that was born in 2016 and which has been able to grow in the United States by having created a very intuitive platform that allows the contracting of insurance policiesThis in turn helps to contact them in the event of an accident or mishap, speeding up the process and helping to make contact easier.