The startup operates an insurance onboarding platform that utilizes API-based technology and business intelligence tools for data analysis, enabling users to obtain quotes for all insurance policies in under one minute. This fully automated solution addresses the inefficiencies and complexities of traditional insurance assistance, providing a streamlined and secure experience for clients.
Funding
$16.8M 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
The insurance industry faces challenges in efficiently onboarding new customers and accurately assessing risk due to fragmented data and manual processes. Consumers often experience lengthy and cumbersome quotation processes, hindering customer acquisition and satisfaction.
Solution
Intellitech provides a SaaS platform that streamlines insurance onboarding and risk assessment by aggregating data from various sources through APIs. Their IntelliSale product collects customer data with consent from policy documents and public databases, while adhering to FIDA framework requirements for data sharing. The platform structures this data and delivers it through well-documented APIs, enabling insurance companies to automate quotation processes, improve risk assessment, and offer a more customer-friendly experience. Intellitech also offers IntelliAI, an AI-powered platform designed to improve efficiency in claims handling and customer service processes.
Target Audience
Intellitech primarily targets insurance companies seeking to improve customer onboarding, automate processes, and reduce customer acquisition costs, as well as banks looking to expand their financial service offerings.
Features
- IntelliSale data hub collects data from policy documents, national population registers, property registers, vehicle registers, and credit institutions.
- Compliant with the Financial Data Access (FIDA) framework for secure data sharing.
- AI-powered platform (IntelliAI) analyzes and summarizes large quantities of data from claim reports and other documents.
- Provides APIs for integration with existing insurance systems.
- Offers tracking and business intelligence tools for data analysis and decision-making.
- Optimized user interface for mobile, desktop, and other standard devices.
- Secure customer identification and authentication using BankID.