Selected for their unique approach to big data and predictive analytics for legacy life insurers, Atidot is positioned to transform the life insurance industry in 2018
FOR IMMEDIATE RELEASE / PRURGENT
Tel Aviv, Israel, 26 February 2018- Atidot, a provider of big data and predictive analytics tools for the life insurance industry, has been named as one of the 25 technology companies best positioned to impact the insurance industry in 2018 by Oxbow Partners InsurTech Impact 25 2018 list. Atidot harnesses advanced artificial intelligence, machine learning, and predictive analytics to create a cloud-based platform, tailored specifically to the needs of the life insurance industry.
“We are thrilled to have been recognized by Oxbow Partners,” said Dror Katzav, CEO, and Co-Founder of Atidot. “We created Atidot to help legacy life insurers utilize their existing data to make smarter strategic decisions, and ensure that insurers provide a service which caters to the unique needs of their clients. Our technology enables life insurance providers to optimize their book of business based on predictive analytics and big data.”
With up to 40%-50% of life insurance policies non-profitable and up to 80% of data held by life insurers not being used for strategic purposes, Atidot launched as the world’s first technology company dealing directly with life insurance data. Life insurance is a perfect fit for big data and predictive analytics, as any event can impact the value of the policy. Atidot makes it easy for insurers to start generating insights from the big data they already have.
“We are struck by the number of cluttered InsurTech infographics and sponsored lists floating around the internet showing dozens of logos,” explains Chris Sandilands, Partner at Oxbow Partners and lead author of the accompanying report. ”InsurTech Members of the Impact 25 are a highly curated group of businesses we think are well placed to have a material impact on our clients’ business in 2018.”
Atidot is an insurtech company empowering the life insurance industry with big data and predictive analytics. Atidot’s cloud-based platform provides legacy life insurers with data-driven insights to inform decision making and develop new business strategies. Founded by a team of data scientists and actuaries, Atidot is working with leading insurance providers to allow them to take control of their existing data to improve policyholder retention and increase revenues. For more information, visit www.atidot.com.
About Oxbow Partners
Oxbow Partners is a management consultancy serving exclusively the insurance industry. We work on strategy and transformation, digital and M&A topics in general insurance, life insurance, and pensions. Our agile approach, senior teams, and deep sector expertise allow us to deliver projects for clients faster than traditional consultancies.
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