DUBLIN, June 18, 2024 (GLOBE NEWSWIRE) -- Companjon (http://www.companjon.com/),
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 Littlefield
press@companjon.com (mailto:press@companjon.com)
+353 (0)86 107 0416
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