The startup offers a digital insurance technology platform that enables insurance market participants to manage operations through direct integrations with insurers and a white-labeled customer portal. This platform facilitates the embedding of insurance sales and servicing into digital businesses, enhancing operational efficiency and security for insurance providers.
Funding
$260K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Insurance distributors, digital businesses, loss adjusters, and workshops often face operational inefficiencies due to fragmented systems and manual processes when interacting with insurers and customers. Integrating insurance sales and servicing into digital platforms can be complex and require significant integration efforts. Traditional claims surveying methods for loss adjusters and workshops are time-consuming and prone to errors.
Solution
AI Concept provides a suite of digital insurance solutions designed to streamline operations and enhance connectivity between insurance market participants. The company offers a SaaS platform (MIOS) for insurance distributors to manage operations digitally, featuring direct integration with insurers and a white-labeled customer portal. For digital businesses, AI Concept provides APIs that enable the embedding of insurance sales and servicing into their existing services. Loss adjusters and workshops can leverage the RTE 777 app and SaaS platform to operate more efficiently and securely throughout the insurance claim value chain.
Target Audience
The primary target audience includes insurance distributors seeking to digitize their operations, digital businesses looking to embed insurance products, and loss adjusters and workshops aiming to improve claims processing efficiency.
Features
- MIOS: A SaaS platform for insurance distributors with direct insurer integrations and a white-labeled customer portal.
- AI Concept APIs: Enable digital businesses to embed insurance sales and servicing capabilities with plug-and-play functionality.
- RTE 777: A mobile app and SaaS platform for loss adjusters and workshops to manage claims more efficiently.
- Real-time incident reporting and data capture for accurate and timely claims assessment.
- Digital platform to optimize the claim lifecycle, reduce turnaround time, and minimize claim leakage.
- Secure data transmission and storage to protect sensitive insurance information.