Fintech
Companjon was named to FinTech Global’s annual AIFinTech100, recognizing its use of artificial intelligence to drive efficiency and innovation
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Published June 18, 2024 • 3 minute read
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The modern integrated insurance solutions provider was selected by a panel of industry experts and analysts from over 2,000 companies from across the fintech space. The award follows the company’s recent unveiling of its dynamic, AI-supported insurance products.
DUBLIN, June 18, 2024 (GLOBE NEWSWIRE) — Company, a leading B2B2C insurtech start-up specializing in modern, fully digital, end-to-end integrated insurance solutions, was recognized today as a pioneer in transforming the financial services industry with its inclusion in the 2024 AIFinTech100 list. he list, published by FinTech Global and now in its fourth year, is an annual award for companies using artificial intelligence to drive efficiency and innovation. According to the decision of a group of esteemed experts and research-minded analysts, Companjon was selected for this year’s list from among 2,000 companies in the industry.
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The award follows Companjon’s recent unveiling of its dynamic insurance products, powered by a first-to-market mover that leverages artificial intelligence and machine learning to create personalized insurance offerings. The engine adapts the characteristics of any insurance product, such as underwriting rules, benefit schemes or compensation requirements, based on the unique needs and behaviors of the end customer and the characteristics of the insured object. Once selected from tens of thousands of options, the cost of coverage is optimized and then displayed in the “sweet spot” of the customer journey: the right product, in the right place, in the right place. This capability allows Companjon business partners to differentiate themselves from competitors and maximize ancillary revenue opportunities with integrated insurance that converts.
Matthias Naumann, CEO of Companjon, said: “We are delighted to be included in the AIFinTech100, recognized not only as a leader in the insurtech sector, but among the most advanced companies in the broader financial services sector. Our dynamic product engine, which can be applied to any integrated P&C product, is proof of the impact AI can have on the future of insurance. I am proud to say that AI is an important strategic pillar for Companjon, making Companjon a stronger place with smarter solutions every day.”
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The CEO of FinTech Global, Richard Sachar, said: “We congratulate Companjon on its inclusion in the 2024 AIFinTech100 list, representing the insurance and insurtech sector in the transformation of financial services. Companjon is pushing the limits of what insurance can do with its first dynamic, AI-supported integrated insurance that not only leads to healthier businesses and happier customers, but also more balanced risk portfolios for underwriters. We applaud their foresight and can’t wait to see what they accomplish next.”
Companjon, founded in 2020, works with companies in the travel, mobility, events and entertainment, e-commerce, fintech and telecommunications sectors. In 2023, the company generated more than 33 million transactions for its globally recognized merchant partners, including the world’s largest travel experience demonstrator and one of the largest transportation ticket resellers in Europe, and recently started serving the US-based customers of those business partners.
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Companjon is a leading B2B2C insurtech start-up specializing in modern, end-to-end, fully digital, dynamic and frictionless integrated insurance. Companjon enables businesses to generate more value by delighting their customers, offering the ultimate in flexibility and convenience, and generating 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, easily integrate API gateways and leverage artificial intelligence. Companjon has been consistently recognized as one of the world’s most innovative insurtech companies by FinTech Global (2021-2023).
Companjon seeks to change the way people think about insurance by creating positive, seamless experiences when things don’t go as planned: being 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
+353 (0)86 107 0416
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