Insurdata named finalist of The Blockchain Competition 2017

November 13, 2017

  • Insurdata makes blockchain competition top 10
  • InsurTech develops blockchain-enabled Exposure Engine
  • Event brings together start-ups, investors and industry partners

Insurdata, an insurtech firm which intelligently captures, enhances, scores and transfers high-resolution, peril-specific exposure and risk data, was one of 10 startups to make it through to the final of The Blockchain Competition 2017 – Europe’s largest blockchain competition.

Delivering accurate, real-time property and risk attribute data, Insurdata’s API enables insurers and reinsurers to develop and augment property-level exposure information, including 3D models, helping them better understand and price risk.

The Blockchain Competition 2017, initiated by Lakeside Partners & inacta AG, was a first-of-its-kind event designed to bring together cutting-edge startups, innovative investors and open-minded industry partners in a synergy of blockchain and insurance technology.

Delivering accurate, real-time property and risk attribute data, Insurdata’s API enables insurers and reinsurers to develop and augment property-level exposure information, including 3D models, helping them better understand and price risk.

Designed and built by re/insurance industry and technology specialists, InsurData’s blockchain-enabled Exposure Engine can be easily integrated into existing workflow architecture, and is accessible at any point in the risk management process via desktop and mobile.

Pitching in the final of the competition, which took place in Crypto Valley in Zug, Switzerland, Insurdata CEO Jason Futers said: “The flow of property exposure information through the insurance industry is chaotic, involving Microsoft Excel, PDFs and legacy systems. Led by humans, it is an error-prone process. Information takes months to be passed to insurers and their reinsurers, and is often not even fit for purpose. Insurdata is fixing that.”

Watch Jason’s competition pitch below.

 


Media Contacts

All press enquiries should be directed to:

Suzanne Hirst

Director, Allen & Clapham

suzanne.hirst@allenandclapham.com
+44 (0)7988 140357

Nigel Allen

Director, Allen & Clapham

nigel.allen@allenandclapham.com
+44 (0)7988 478824

“Insurdata’s technology is used by insurers and reinsurers to develop high-resolution, accurate data where they need it, when they need it, right down to the individual risk level”
Jason Futers — Insurdata