Atidot, a leader in predictive, analytics, artificial intelligence and machine learning tools for the life insurance and annuity industry, has been named in the InsurTech 100 Companies 2019 by the research firm FinTech Global. This is the third consecutive year that Atidot has been recognized as one of the leading companies bringing innovation to the insurance industry that ‘every leader in the insurance industry needs to know about’.
Founded by a team of actuaries and data scientists, Atidot uses its cloud-based platform to provide data-driven insights for the life insurance and annuities industry. Atidot’s algorithms utilize anonymized data to generate nano-segments of actionable insurance risk behavior based on modeling the interaction between the customer and the policy.
These insights enable providers to generate top-line revenue by identifying policies with potential for upsell or cross-sell, improve retention rates, reassign orphan policies, and optimize their books of business by generating real-time visibility of their risk portfolio. Using Atidot, insurance executives are able to get a better understanding of current lapse rates and surrenders, reconfigure pricing and product bundling, and objectively and scientifically determine the accurate reserves and capital requirements for the company.
‘We are honored to be included as one of the world’s most innovative insurtech companies and to be recognized by the industry for our solutions,’ said Dror Katzav, CEO and Cofounder of Atidot. ‘We strive to make it easy for insurers to start generating insights, improve efficiency, and more effectively target existing and potential policyholders with new products and services – driving more revenue.’
Selected from over 1,000 companies by analysts and industry experts at FinTech Global, the finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate cost savings or efficiency improvements across the insurance value chain. A full list of the InsurTech 100 can be found at fintech.
Atidot is an insurance technology company empowering the life insurance industry to become data-driven and optimize their book of business with big data solutions and predictive analytics. Founded by a team of data scientists and veteran actuaries, Atidot offers a cloud-based platform that provides data-driven insights to inform decision making, drive new business strategies, and create new revenue streams. Atidot works with leading life insurance and annuities providers to take control of their existing data to upgrade their risk modeling and to improve policyholder behavior prediction to improve sales, retention and in-force management.