We’re not doing bad at all! Bdeo has made it onto the annual InsurTech100 list, prepared by FinTech Global, recognizing us as one of the tech companies leading the global transformation of the insurance industry.
The insurance sector has bet heavily on innovation in recent years due to widespread changes in policyholder behaviour, and to the increased use of technology and digital media caused by the Covid-19 crisis. This is leading to significant sector growth, forecast to be as much as 34.4% per year by 2027, and worth USD 119.4 billion, according to recent figures published by Valuates Reports.
As a result of the surge in innovation in the industry, competition for inclusion in the InsurTech100 list this year was closer than ever. Though as many as 1,400 companies were nominated, these were ruthlessly whittled down to only the 100 best insurance technology companies by the jury of top analysts and sector experts.
But exactly what is Bdeo contributing to the insurance industry to be included in this list? Well, at Bdeo, we are fully committed to changing the insurance sector for the better, and we know that we can achieve this through our Visual Intelligence based solutions capable of solving real problems in the insurance world, for both claims and underwriting, and motor and home insurance.
Richard Sachar, Director of FinTech Global, affirms that, “Policyholders and companies increasingly want relations and insurance coverage to be manageable via a number of digital channels. This is important, because companies that do not keep up to speed with the latest developments in the industry will be less competitive and will lose market share. The InsurTech100 list helps industry decision makers pick out companies, from all the various vendors on the market, that are leading the way in terms of products such as underwriting, data analytics and claims management”.
Once again, thanks to FinTech Global for including us in their list, and helping us transform the industry. Onwards and upwards!
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