Atidot News
15 articles
growth-positive
Sapiens Partners with Atidot to Offer AI-based Predictive Insights and Personalization to Life Insurance Providers
Sapiens International Corporation has announced a partnership with Atidot, a cloud-based SaaS provider of AI and machine learning solutions for life and annuity insurers. The partnership aims to generate revenue through analytics and actionable insights for North American and European insurers. The joint solution integrates Atidots AI and predictive analytics platform with Sapiens suite of products, enabling life insurers to improve profitability and provide better service to customers. Atidots platform offers data-driven insights to inform decision-making and drive new business strategies. Sapiens and Atidots joint software solution leverages external data and machine learning capabilities to provide dynamic business insights. The partnership is expected to benefit organizations marketing, distribution, product, and data departments.
Partners
growth-positive
Guardian and Atidot Partner to Create New Insurance Models and Customer Experiences Using Artificial Intelligence and Predictive Analytics
The Guardian Life Insurance Company of America has entered into a joint venture with Atidot, an AI and predictive analytics company. The collaboration aims to create a platform that uses artificial intelligence and machine learning to simplify and accelerate processes in the insurance industry. The platform will focus on making insurance products and services easier for consumers to understand and purchase. It will also provide a personalized experience for customers, whether they prefer a completely digital buying experience or guidance from a financial professional. The joint venture will be led by Atidots CEO and Co-Founder, Dror Katzav, and will involve new hires with expertise in AI, machine learning, and data science.
Partners
growth-positive
The third annual InsurTech100 list reveals the 100 most innovative tech companies revolutionising insurance
FinTech Global has unveiled the worlds most innovative InsurTech companies in its InsurTech100 list. The list recognizes companies that have transformed digital insurance through innovative use of technology. The selection process was highly competitive, with nearly $17 billion invested in InsurTech companies since 2017. The list includes companies such as Anorak, Bdeo, ClaimVantage, EIP, Humn.ai, Jooycar, Life.io, Maptycs, Medallia, NeuralMetrics, Omniscience, Planck, QOMPLX, Quantiphi, Relay, ThingCo, and Wakam. The InsurTech100 list helps insurance companies stay competitive in the digital distribution era and highlights leading companies in underwriting, pricing, IoT devices, customer experience, and data analytics.
Investment
growth-positive
Tech Mahindra and Israeli startup Atidot collaborate on AI-based insurance solution
Tech Mahindra has announced a collaboration with Atidot, an Israel-based InsurTech firm, to provide a platform that increases profitability for insurance companies by predicting customer behavior and improving cross-sell and upsell capabilities. The partnership aims to offer policies that are more appropriate and have better coverage to life insurance policyholders, as well as protect retirement savings. By leveraging big data and analytics, Tech Mahindra and Atidot will deliver innovative solutions to the global insurance industry. Atidots AI and ML-powered algorithms generate actionable insights based on customer interactions, enabling providers to identify policies with potential for upsell or cross-sell, improve retention rates, and optimize their risk portfolio. This collaboration will help insurance companies become more digitally savvy and data-driven.
Partners
growth-positive
Atidot Named 2019 VentureClash Semifinalist
Atidot, a provider of AI solutions for the life insurance industry, has been selected as a semifinalist in Connecticuts $5 million global venture challenge, VentureClash. Atidot uses a cloud-based platform to provide data-driven insights for the life insurance and annuities industry, helping to solve industry-specific challenges. The company enables life insurers to utilize their existing data and improve service to underinsured customers, retention operations, and risk models. The first round of the competition attracted nearly 300 applications from over 20 countries, and Atidot is among the 34 companies selected to advance to the semifinalist round. The finalists will be announced on September 6, with the finals event taking place on October 17 at Yale Universitys West Campus.
Investment
growth-positive
Atidot Named a Cool Vendor in Insurance by Gartner
Atidot, a leader in big data and predictive analytics tools for the life insurance industry, has been named a Cool Vendor by Gartner Inc. in their May 2019 report. Atidot uses a cloud-based platform to provide data-driven insights for the life insurance and annuities industry. The company helps life insurers fully utilize their existing data, improve service to underinsured customers, enable data-driven retention operations, and increase visibility to in-force management. Atidots solutions are being adopted by providers to handle issues such as underinsurance and lapse prevention, as well as to create new risk analysis models. The report highlights Atidot as one of the emerging vendors offering in-depth machine learning and analytical capabilities to drive greater return on investment across the insurance value chain.
CustomersPartners
iPipeline and Atidot Partner to Mine In-Force Data for Life and Annuity Sales
growth-positive
Atidot Raises $5M Series A to Bring Big Data and Predictive Analytics to Life Insurers, Appoints Martin Snow as Vice President and CDO
Atidot, a leader in big data and predictive analytics tools for the life insurance industry, has raised $5 million in Series A funding. The funds will be used to scale operations and expand US sales and customer support activities, as well as actuarial science, data science, and software engineering teams. Atidots platform enables life insurers to make data-driven business decisions and enhance their services. The company focuses on the life insurance industry and utilizes underused data sources to improve actuarial and business models. Martin Snow has joined Atidot as Vice President and Chief Delivery Officer. The funding round was led by Vertex Ventures with participation from existing investors.
InvestmentExpand
growth-positive
Atidot Named One of 25 Tech Companies To Impact Insurance
Atidot, a provider of big data and predictive analytics tools for the life insurance industry, has been named as one of the 25 technology companies best positioned to impact the insurance industry in 2018. The companys advanced artificial intelligence, machine learning, and predictive analytics platform is tailored specifically to the needs of the life insurance industry. Atidot aims to help legacy life insurers utilize their existing data to make smarter strategic decisions and optimize their book of business. The companys inclusion in the Oxbow Partners InsurTech Impact 25 2018 list highlights its potential to transform the life insurance industry. Atidot is focused on addressing the issue of non-profitable life insurance policies and underutilized data held by insurers. The companys cloud-based platform allows insurers to generate insights from their existing big data. The article does not mention any specific customers, investors, or acquisition amounts. The event described in the article took place on February 26, 2018.
Customers
growth-positive
9 Insurance Startups Improving Underwriting
The article discusses nine insurance startups that are using technologies like AI and big data to improve the insurance underwriting process. These startups are focused on areas such as risk analytics, data management, predictive analytics, and weather risk quantification. The impact on the company is growth-positive as these technologies can lower risk for insurers and increase transparency. The key theme of the article is the application of technology in the insurance industry. The key issues discussed in the article are customers, partners, and investment. The article does not mention any specific customers or the valuation or acquisition amounts. The date of the event described in the article is not provided. Confidence level: 8.
CustomersPartnersInvestment
growth-positive
Create and Test a Comprehensive Insurance Big Data Strategy
The article discusses how life, disability, and long-term care insurers can effectively utilize big data to gain a competitive advantage. It highlights the potential benefits of big data in areas such as speed-to-market, customer reach, measurement of policyholder value, pricing, product design, and policyholder retention. The article suggests that insurers should develop a comprehensive big data strategy and test plan, and consider partnering with InsurTech firms to manage infrastructure and reduce costs. By successfully implementing big data initiatives, insurers can achieve significant growth and strategic edge.
CustomersPartnersInvestmentManagement Changes
growth-positive
http://www.marketwired.com/press-release/atidot-launches-pioneering-big-data-platform-optimizing-business-decision-making-life-2202980.htm
GlobeNewswire, a press release distribution network, is offering its services to help companies build awareness, boost online visibility, and get more media coverage. The company provides a platform for companies to share their news with media, investors, and consumers using targeted distribution options. It also offers a media contacts database that uses AI to surface global media and influential contacts. The contacts are regularly updated and verified by GlobeNewswires in-house research team. The company also features a media partner, Business Headline, a news publication based in Jaipur, India.
CustomersPartners
growth-positive
Disrupting insurance: data-driven customer value ZDNet
Atidot, a data-driven decision-making company, has launched a SaaS solution for the insurance industry. The company aims to help insurance companies estimate customer value and formulate and execute different strategies. Atidot collects and integrates data to generate customer value projections and create profile groupings of policyholders. The company also plans to enable stakeholders to work together to define important features for shaping strategies and to use different channels and messages to reach out to customers. Atidot has been working with clients in the insurance domain for the past year, using their data to train machine learning algorithms. The company believes its product, which is the first of its kind in the market, has a competitive edge due to its team of domain and technical experts.
CustomersPartners
growth-positive
MONETAVC
Moneta, founded in 2015, is Israels most active Fintech Fund with over 30 Fintechs in its portfolio. The company focuses on investing in both Seed and Growth stages and provides support to startups throughout their journey. Moneta has built a unique ecosystem of worldwide financial institutions that serve as partners and investors in their fund. The article highlights testimonials from startups that have benefited from Monetas support, including introductions to strategic partners and major clients. The article emphasizes Monetas commitment to building long-term relationships and providing added value to their portfolio companies. The event described in the article is not specified.
Partners
growth-positive
Atidot - fortune telling for the insurance industry - The Digital Insurer
The article discusses Atidot, an Israeli startup that offers a cloud-based predictive analytics platform for actuarial and risk management in the insurance industry. Atidot aims to revolutionize the way insurers handle data by enabling multiple data models to run simultaneously and providing new insights and perspectives on risk assessment. The traditional linear modeling approach used by insurers is deemed inadequate to handle the vast amount of data available today. Atidots platform applies data science, machine learning, and artificial intelligence to process a larger set of data, including new sources such as driving behavior and activity levels. The article suggests that Atidots platform has the potential to change the way insurers rate risk and select customers. However, there are challenges in communicating these new approaches to customers and regulators. The article emphasizes the growing importance of InsurTech in the insurance industry.
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