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Breda-based Onesurance, a Dutch AI answer supplier for the insurance coverage {industry}, introduced that it has raised seed funding led by Amsterdam’s AI investor Curiosity VC. The funding quantity, nevertheless, stays undisclosed.
Curiosity VC is a community-driven VC fund that invests in early-stage B2B SaaS corporations within the Benelux, Nordics, and Baltics. The fund focuses on companies leveraging machine studying and AI applied sciences to generate worth for each {industry} and society.
Onesurance’s seed spherical additionally noticed co-investments from Smarter Ventures and a strategic angel investor from the insurance coverage {industry}.
Capital utilisation
Onesurance goals to reinforce its mission of offering tailor-made, worthwhile, and ethically accountable AI options for the insurance coverage market.
This funding will facilitate its business enlargement, enabling the corporate to speed up development and ship AI options each within the Netherlands and internationally.
Maurice Beckand Verwee, Accomplice at Curiosity VC, says, “Onesurance reveals that the way forward for AI is not only about technological progress, but additionally about constructing related, industry-specific functions that actually create worth.”
“Their modern strategy, coaching proprietary machine studying fashions to supply prescriptive analytics to insurance coverage intermediaries and brokers, will considerably affect how insurance coverage professionals work globally and enhance effectivity and profitability within the {industry}.”
Tailored insurance coverage AI
Based in 2022 by insurance coverage veteran Jack Vos and knowledge scientist Dennie van den Biggelaar, Onesurance is an AI-driven knowledge science firm centered on enhancing operational effectivity for insurers, brokers, and intermediaries throughout Europe.
Its core providing, the Onesurance AI Determination Engine, leverages predictive analytics to supply insights into danger evaluation, buyer churn, and contract administration, enabling customers to establish high-risk purchasers and enhance cross-selling.
The platform’s modular design integrates with present programs, that includes AI-driven coverage acceptance and profitability monitoring.
CEO Vos, says, “We consider AI is important for the long run relevance of the {industry}, enabling operational efficiencies by means of predictive and actionable intelligence that conventional software program options within the {industry} are unable to supply. Nevertheless, AI options should even be worthwhile within the quick time period, and that is our dedication to our purchasers.”
Onesurance claims that its platform is gaining traction with main insurers and brokers within the Netherlands and Belgium, whereas additionally attracting curiosity from the insurance coverage sector throughout wider Europe and the US.
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