Innoveo Named an Insurtech100 Company for 2022
Recognized as a Top Insurance Technology Company Transforming the Insurance Industry
Princeton, NJ, October 28, 2022 – Innoveo, a global technology firm and a pioneer in enterprise no-code platform today announced that it was recognized by FinTech Global as a top global InsurTech company for 2022.
Innoveo was recognized for helping enterprises accelerate their digital initiatives using no-code and selected from a list of over 1,800 companies by a panel of industry experts and analysts. InsurTech100 is an annual list of 100 of the world’s most innovative InsurTech companies that address the digital transformation challenges for the insurance industry.
“We are proud of this recognition and view it as validation of our “no code” technology category and our recent growth in the market,” said Vinod Kachroo, CEO at Innoveo. “Innoveo is changing how enterprises think about their technology stack, transforming the buy-vs-build paradigm and enabling them to accelerate their digital journeys.”
Innoveo’s modular no-code platform and APIs enable enterprises to power their digital ecosystems and quickly deploy a fully embedded insurance experience – seamless from quote to claims – reaching policyholders where and how they want within existing customer applications. The no-code insurance accelerators are designed to help insurers automate their core processes, innovate, and connect, helping them to achieve business results and quickly deliver value.
Innoveo’s enterprise customers span across insurance, financial services, healthcare and real estate including Zurich Insurance, HUB International, Flexport, Blink by Chubb, St Regis Resorts, Now Health International, and Safety Insurance.
We believe you can build modern applications that deliver digital experiences and drive business growth without having to write any custom code. That’s why it’s our mission to empower enterprises in complex and regulated industries to re-imagine application development by enabling them to be connected, innovative, quick, and nimble. Backed by leading investors including Everstone Capital and Paulson & Co, Innoveo’s cloud based, AI enabled no-code platform is currently in production globally at over 30 industry leaders across insurance, financial services, healthcare and real estate. With Innoveo, you’ll get the solutions and industry expertise you want, plus a little extra: a thoughtful, no-nonsense experience delivered with a refreshing dose of honesty. For more information, visit: https://www.innoveo.com/.
Specialist research firm FinTech Global has launched the fifth edition of its prestigious InsurTech100 list for 2022. The ranking recognizes the innovators and pioneers providing solutions to address the most pressing challenges faced by the insurance industry.
The insurance industry has undergone dramatic changes in recent years driven by increased use of digital channels and shifting customer expectations. InsurTech (insurance technology) companies have been at the forefront of tackling those challenges with the sector predicted to grow at a CAGR of 46%, to reach a market size of $114bn by 2030.
As such, the process to identify the 100 InsurTech innovation leaders this year was more competitive than ever. A panel of analysts and industry experts voted from a longlist of over 1,800 companies produced by FinTech Global. The finalists were recognised for their innovative use of technology to solve a significant industry problem, or to generate efficiency improvements across the insurance value chain.
FinTech Global director Richard Sachar said, “Faced with seismic shifts in consumer behaviour, the so-called “race to digitalise” and challenging market conditions, insurers have their work cut out for them. The InsurTech100 lists helps senior insurance executives in the industry filter through the noise in the market by highlighting the tech companies transforming sectors such as underwriting, embedded insurance, pricing, distribution and data & analytics.”
A full list of the InsurTech100 for 2022 and detailed information about each company is available to download for free at www.TheInsurTech100.com.