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 atACORD Industry First.
“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.