The startup provides a customized insurance platform that leverages data analytics to evaluate business risks and create tailored coverage options. This platform offers precise and scalable insurance policies that meet the specific operational needs of businesses facing inadequate coverage solutions.
Funding
$1.3M 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
Traditional insurance solutions often lack the flexibility to adapt to the unique and evolving needs of businesses, particularly in the travel sector. This can lead to inadequate coverage, leaving businesses vulnerable to financial losses from flight disruptions, ski lift closures, and other unforeseen events. Existing claims processes can be slow and cumbersome, diminishing customer satisfaction and brand loyalty.
Solution
Insurwiz Technology provides a data-driven, embedded insurance platform that enables businesses to create customized and scalable insurance products for their customers. The platform leverages APIs and blockchain technology to automate claim assessment and settlement processes, resulting in faster payouts and enhanced customer experiences. Insurwiz offers end-to-end solutions, including software infrastructure and partnerships with global insurers, to streamline integration and provide comprehensive coverage. By offering customizable coverage options and automated claims processing, Insurwiz helps businesses enhance customer trust, stand out from competitors, and extend their product portfolios.
Target Audience
Insurwiz Technology primarily targets Online Travel Agencies (OTAs), airlines, insurers, and banks/fintech companies seeking to offer customized and automated insurance solutions to their customers.
Features
- Customizable standalone insurance products for flight disruption, ski lift closures, and other specific travel-related risks
- Automated claims assessment and settlement using APIs and blockchain technology
- End-to-end solution including software infrastructure and global insurer partnerships
- Easy integration with existing systems
- Data-driven products that enable transparent and modern insurance experiences
- Digital insurance solutions designed for modern customer journeys