FintechOS, the leading fintech enablement platform, and Wenalyze, a leading provider of Open Data analytics software for the SME insurance industry, have announced a new partnership that will provide insurers with advanced risk analysis and digital capabilities.
London-headquartered FintechOS is part of the InsurTech Corridor program to forge links and nurture new insurtech solutions between companies in the UK and US.
FintechOS’s fintech enablement platform enables insurers to quickly develop and deploy new insurance products across a range of digital channels, as well as to optimize and automate their back-end operations.
The partnership between Wenalyze and FintechOS will bring together Wenalyze’s powerful risk analysis software with the FintechOS platform to provide insurance companies with a more comprehensive view of risk.
Leveraging Wenalyze in conjunction with FintechOS, insurers will be able to assess risk, develop custom insurance products, and price policies more accurately. With Wenalyze’s Open Data analytics software, customers will have up-to-date insights into risk.
Teo Blidarus, CEO of FintechOS, said: “The data that the insurance industry relies on is more often than not wrong or outdated. Wenalyze uses AI and Open Data to help insurers obtain actionable intelligence that makes risk assessment and underwriting processes simpler and more precise. Addressing this underappreciated problem is critical to risk management and we look forward to bringing this unique and powerful capability to our existing and future customers.”
Carlos Albo, CEO of Wenalyze, said: “Our partnership with FintechOS enables us to offer insurers a comprehensive set of risk analysis tools that can help them improve their risk management capabilities and pricing accuracy. This will allow insurance companies to create more tailored and personalised insurance products, better serving their SME customers”.
Rytas Stankunas of InsurTech Corridor added: “This is an exciting partnership for FintechOS and Wenalyze which opens up huge opportunities for insurers to create more personalized and relevant insurance products.”