Company Overview
Snapshot
Founded in November 2017 by Effi Mor, Leonid Pushkovsky, and David Engelmayer, RemitRix operates with 1–10 employees. The company has secured $773.89K in total capital across five funding rounds. In March 2019, RemitRix received a grant from the Israel Innovation Authority.
Business overview
RemitRix develops a comprehensive suite of actuarial and risk management solutions for the insurance industry. The company's core technology leverages advanced machine learning models to help actuaries, CFOs, and risk managers optimize balance sheet management and achieve cost savings. RemitRix provides web-based SaaS applications, including a Solvency II & IFRS17 engine with reporting tools, ALM, financial risk management, and actuarial modeling, serving insurance companies in markets such as Israel, the United Kingdom, and India.
Strategic signal
In March 2021, RemitRix was recognized as a winner in InsurTech NY's Global Early-Stage Competition. This acknowledgment highlights the company's innovative approach within the Insurtech sector and signals its potential for broader market adoption and strategic partnerships, validating its solutions for balance sheet optimization and risk management.
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- What is RemitRix's primary focus?
- RemitRix specializes in providing actuarial and risk management solutions for insurers, utilizing advanced machine learning models to enhance cost savings and optimize balance sheet management.
- When was RemitRix founded and by whom?
- RemitRix was founded in November 2017 by Co-founders Effi Mor, Leonid Pushkovsky, and David Engelmayer.
- What significant recognition did RemitRix receive in 2021?
- In March 2021, RemitRix was announced as one of the winners in InsurTech NY's Global Early-Stage Competition, recognizing its innovative solutions in the insurtech space.
- Which organizations have invested in or granted funding to RemitRix?
- In March 2019, RemitRix received a grant from the Israel Innovation Authority. The company has also received investments from Angels.
- What is RemitRix's core product offering?
- RemitRix offers a web-based SaaS application designed to help insurers optimize balance sheet management under Solvency II and IFRS17, providing tools for ALM, financial risk management, and actuarial modeling.