In its seventh annual InsurTech100 2024, FinTech Global has recognized the 100 most innovative InsurTech companies. With Appian, Cortical.io, expert.ai and Quantiphi, the list also features four Intelligent Document Processing (IDP) providers.
FinTech Global, a provider of FinTech information services, announced on October 9, 2024, that it has published the InsurTech100 2024 list. Among the 100 most innovative companies in the InsurTech space are also four Intelligent Document Processing (IDP) providers: Appian, Cortical.io, expert.ai and Quantiphi.
According to FinTech Global, this year’s list recognised companies that are not only tackling the industry’s most pressing challenges, but are also using cutting-edge technology to reshape the way insurers operate and engage with their customers.
Richard Sachar, Director of FinTech Global, commented: “The companies that have worked their way onto the list are driving real innovation and providing the tools insurers need to navigate the complexities of digital transformation in this dynamic marketplace.”
Cortical.io wrote: “So proud and humbled to be recognized in the famous InsurTech100 2024 list of the most innovative insurtech companies for the third consecutive time!”
Cortical.io’s CEO, Rainer Kegel, explained: “Launching an intelligent chatbot is not enough anymore. To build a competitive advantage, insurance carriers must go beyond the hype around generative AI and identify technologies that will improve their long-term resilience. With our meaning-based technology, insurance carriers improve the efficiency of processes that are difficult to automate because they involve complex, lengthy documents from various sources and specific insurance jargon. The transformation of such processes creates long-term value for the business, as it helps shorten the response time to customer inquiries, improve productivity, and prevent losses due to underwriting errors.”
Headquartered in London, FinTech Global is a leading provider of FinTech information services, B2B media products and industry events. Its InsurTech100 is an annual list of 100 of the world’s most innovative InsurTech companies, selected by a panel of industry experts and analysts.
You can find the full press release here and the full InsurTech100 2024 list here.
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