Insurance Nexus (Chicago, December 2017) – A live Insurtech SharkTank was hosted by Insurance Nexus on December 1st 2017 as part of the Insurance IoT USA Summit, with the audience voting FilingMate the winner of the SharkTank.
On the hunt to find the most innovative company on the insurtech market, the SharkTank saw three innovative insurtech organizations pitch a panel of seasoned investors in front of the conference audience.
The panel, made up of Russ MacTough, Managing Director at Liberty Mutual Strategic Ventures; Drew Aldrich, Principal at American Family Ventures, Vic Pascucci, Managing Partner, lightbank and Chris Downer, Associate at XL Innovate, asked each organization vital questions on their development.
Filing Mate was pitched by CEO and Co-Founder Scott Soderstrom, and is a SaaS platform connecting regulators and insurance companies the way “TurboTax” connects taxpayers and tax authorities. Currently in a pilot with a top 10 homeowner’s carrier, the founding team has over 30 years’ industry experience and the CEO previously co-founded another successful SaaS company.
The other two start-ups to pitch to the panel were:
· Claim Genius Inc, represented by Founder and CEO Raj Pofale, is an image analytics and deep machine learning AI technological innovation designed to reduce cost, cycle time, human claims interaction, and transform total loss decision and make claim estimation more efficient.
· Virtunuity was pitched by co-founders Jack Blaeser and Sheila O’Toole, and deploys video-based technology and rich data with partner integrations and digital mobile interfaces that result in a seamless and simple end-to-end experience for the policyholder.
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