ACORD InsurTech Innovation Challenge London Names Virtual i Technologies Winner In Virtual Competition of Insurance Innovators

ACORD InsurTech Innovation Challenge London Names Virtual i Technologies Winner In Virtual Competition of Insurance Innovators

PR Newswire

LONDON, Sept. 4, 2020

LONDON, Sept. 4, 2020 /PRNewswire/ -- ACORD, the global standards-setting body for the insurance industry, today announced the winner of the 2020 ACORD InsurTech Innovation Challenge London. Virtual i Technologies, a patented platform for risk assessment and loss adjustment, was among 12 startups who presented their innovations virtually yesterday to a panel of industry expert judges. The ACORD InsurTech Innovation Challenge (AIIC) is hosted in multiple cities annually, this year including London (September 3) and New York (September 10).

Among other prizes, Virtual i Technologies will receive a $10,000 cash award and will be featured in an ACORD–promoted webinar to present their innovation. The company, along with the runners-up, will have the opportunity to present their pitch in a VIP Showcase at ACORD Industry First.

"That ACORD InsurTech Innovation Challenge brings together an exciting group of innovators who share a strong desire to bring positive change to the insurance market," said Chris Newman, ACORD's Managing Director – Global. "The AIIC was the insurance industry's first competition of its kind in 2015, and we are proud to continue this tradition of recognising and supporting the emerging technologies that will advance our industry the London market and globally."

"The concepts and technologies shared by the contestants today had significant impact," said Judge Chair Caroline Bedford, Founder & Head, DXC Digital Minds. "Any one of them is capable of making a tangible impact on the insurance industry. It is of critical importance that we continue to provide opportunities for talented innovators to help shape our future – especially at this time, when it is even harder to step outside of the 'getting back to business as usual' priorities. The judges and I were extremely impressed by the professionalism, passion and commitment of all involved." 

Judges for the AIIC London included:

The other competing companies included:

More information about the ACORD InsurTech Innovation Challenge is available at www.acordchallenge.org.

About ACORD
ACORD (Association for Cooperative Operations Research and Development) is the global standards-setting body for the insurance and related financial services industries. ACORD facilitates fast, accurate data exchange, and efficient workflows through the development of electronic standards, standardized forms, and tools to support their use. ACORD members worldwide include hundreds of insurance and reinsurance companies, agents and brokers, software providers, financial services organizations and industry associations. ACORD maintains offices in New York and London. Learn more at www.acord.org.

Contact:
William Mutton
williammutton@luther.co.uk 

Beth Jarecki
Beth@lpendragonus.com

Logo - https://mma.prnewswire.com/media/631946/ACORD_Logo.jpg

Voltar noticias em Inglês