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StartUpBootCamp (pitch #4 - flowenum (commercial property space. AI for…
StartUpBootCamp
pitch #4 - flowenum
commercial property space. AI for maintenance, to prevent losses
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UK - 3.2 billion pounds paid out in 2015 for commercial property ... most are not accidents, but preventable
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mould, damp, fire, water leaks
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at the moment - 50,000 buildings in their systems. 5 sensor partnerships
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Pitch #3 Polywizz
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insurers have no idea what other insurance products their customer holds. waste effort in cross selling in the dark.
gathering this data as a manual process, very time consuming, and infeasible, given the churn
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You upload your pollicy documents and they get processed by the AI engine to determine complete picture
70% of customers welcomed a full review of insurance... in some research they did recently ... i would buy this... Must be applicable in the High Net worth space
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Pitch 8 PicUP
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For outbound calls - it means your customer knows who's calling, and why
better customer experience, brand reputation, and efficiency
phone as a channel is broken - so many crank calls, people simply don't answer. 25% answer rate.
not only custom messages that go through when calling, 'David calling about your claim'
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OLD Mutual already signed up, admiral and zurich also on their list
Pitch 9 vDEXI
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many stakeholders will see benefits - keeps a history of how car has been driven, useful for future owners, dealership network, garages when fixing faults etc
Problem is - vehicle manufacturers aren't providing insurance co's access to the vehicle data. there are more than 200 vehicles makers out there - all different, and models within each.
insurers need data - risk assessment, fraud detection, claims
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Insurers - if they buy into vDEXI - can target customers they don't yet have, by looking into their driving data - massively disrupting the market
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partnering actively with vehicle co's, insurance providers, and telematics service provders
pitch #1 Cystellar
data and analytics company tht uses satellite data to track where things are, and here they were. I think they actually have a satellite? not entirely clear
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Risk Mgt
lower risk through targetted farming management - when to water, where to use pesticides and fertiliser etc
Underwriting
enables underwriting of areas without ready access to historic information. Remote and inaccessible locations. Very Lloyd's? distressed risks?
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already working in the agri-tec and food tech sector .. precision agriculture. automated irrigation example.
from software as a service, to satellite as a service
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Pitch #5 Zeguro
cyber risk - strong focus on the SME market - companies that don't have / cant afford IT security employees full time
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Virtual Cyber Security Officer.... enables SME's to understan their risk, and buy the appropriate cyber insurance.
training, monitoring, vulnerability testing, compliance reporting to regulators
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Agenda
2:00 - 2:15 - Welcome by Mike Brockman - CEO, ThingCo
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pitch #2 vHealthLAB
cardio vascular health AI platform - enales self monitoring, ECG data
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Risk Prevention
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by providing this service, insurers can tap into a target market that can't get insurance coverage
whitelablled app - means they can work with any insurer, as a bolt on product to existing policies.
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two errors - people who turn up that don't need care, and people that dont get the care they need. (70 / 30 - discovered through their platform)
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Pitch 6 ForestCar
Airport rideshare. Offers free airport 'parking' - you lend someone your car whilst on holiday - and they pay you. Car cleaned for free. Renting id 50% cost of commercial companies
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link to insurance?
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track global - company they've partnered with, telematics, installed in the car - reduce fraud and theft - and encourage people to drive responsibly, by planting more trees if they drive efficiently
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Pitch 7 Zasti
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team of 85 people, lots of data-sets , proprietary algorithms
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case study
claims weather maintenance and aircraft data - gave a model to an insurer - in the UK - enabled them to predict claims and cashflow - due to plane delay and cancellations
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Pitch 10 deemly
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enables you to publish reviews about you from one platform, and publish on another (Air bnb -> Uber?)
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