Companjon listed on FinTech Global’s annual AIFinTech100, recognizing its use of AI to foster efficiency and innovation
18 Junio 2024 - 10:35AM
Companjon, a leading B2B2C insurtech start-up specializing in fully
digital, end-to-end, modern embedded insurance solutions, was
recognized today as a trailblazer in the transformation of the
financial services sector with its inclusion in the 2024
AIFinTech100 list. The list, published by FinTech Global and now in
its fourth year, is an annual award for companies who are using
artificial intelligence to foster efficiency and innovation.
Decided by a panel of esteemed, researched-centered experts and
analysts, Companjon was selected for this year’s list from among
2,000 companies across the industry.
The award follows Companjon’s recent unveiling of its dynamic
insurance products, powered by a first-in-market engine that
leverages artificial intelligence and machine learning to create
customized insurance offerings. The engine adapts the features of
any insurance product – such as underwriting rules, benefit
schemes, or claims requirements – based on the unique needs and
behaviors of the end customer and the attributes of the insured
item. Once curated from tens of thousands of options, the cost of
the coverage is optimized and then displayed in the ‘sweet spot’ of
the customer journey: the right product, at the right place, in the
right place. This capability enables Companjon’s business partners
to differentiate themselves from their competitors and maximize
their ancillary revenue opportunity with embedded insurance that
converts.
Companjon CEO, Matthias Naumann, said: “We are
delighted to be included in the AIFinTech100, acknowledged not only
as a leader in the insurtech space, but among the most advanced
companies in the larger financial services industry. Our dynamic
product engine, which can be applied to any embedded P&C
product, is evidence of the impact artificial intelligence can have
on the future of insurance. I am proud to say that artificial
intelligence is an important strategic pillar at Companjon, making
Companjon a stronger place with smarter solutions every day.”
FinTech Global CEO, Richard Sachar, said: “We
congratulate Companjon on their inclusion in the 2024 AIFinTech100
list, representing the insurance and insurtech sector in the
transformation of financial services. Companjon is breaking the
boundaries of what insurance can do with its first-in-market,
AI-supported dynamic embedded insurance that not only leads to
healthier businesses and happier customers, but more balanced risk
portfolios for underwriters as well. We applaud their forethought
in the space and look forward to seeing what they accomplish
next.”
Companjon, started in 2020, partners with businesses in the
travel, mobility, events and entertainment, e-commerce, fintech,
and telecommunications sectors. In 2023, the company generated over
33 million transactions for its globally recognized business
partners which include the world’s largest travel-related
experience prover and one of Europe’s largest transportation ticket
resellers, and has recently started serving US-based customers of
those business partners.
About Companjon
Companjon is a leading B2B2C insurtech start-up specializing in
end-to-end modern embedded insurance that’s fully digital, dynamic,
and frictionless. Companjon enables businesses to drive more
value by delighting their customers, enabling the ultimate in
flexibility and convenience, and driving ancillary revenue.
ancillary revenue opportunities. Companjon designs, builds, and
underwrites its solutions on a 100% cloud-based platform that can
issue 32,000 policies per second, integrate API gateways easily,
and leverage artificial intelligence. Companjon has been
consistently recognized as one of the world’s most innovative
insurtechs by FinTech Global (2021-2023).
Companjon seeks to change the way people think about insurance
by creating seamless and positive experiences when things don’t go
as planned: being right there when ‘life’ happens. The company is
registered in Ireland and regulated by the Central Bank of
Ireland.
Media Contact:Kimberly Littlefieldpress@companjon.com+353 (0)86
107 0416