Wenalyze and FintechOS partner on advanced risk analysis and digital capabilities for insurers #
Wenalyze and FintechOS have joined forces to provide insurers with advanced risk analysis and digital capabilities that enable them to better understand customer risk profiles, price policies more accurately, and create personalized and relevant insurance products.
The partnership will bring together Wenalyze’s Open Data analytics software with FintechOS’s fintech enablement platform, giving insurers a more comprehensive view of risk. This combination will allow insurers to assess risk, develop custom insurance products, and price policies more accurately. Additionally, customers will have up-to-date insights into risk through Wenalyze’s Open Data analytics software.
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 personalized insurance products, better serving their SME customers.”
FintechOS’s insurance revenue increased by 300% YoY in December 2022, driven by major new clients such as Admiral Insurance Group, and expanding partnerships with existing customers like Howden Group. FintechOS has also entered new markets, such as working with insurers like Vienna Insurance Group to enable health insurance products. This partnership with Wenalyze further solidifies FintechOS’s investment in the insurance technology market.
Teo Blidarus, CEO of FintechOS, added, “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.”
About Wenalyze: Wenalyze is an InsurTech that operates in the UK and Europe, automatically obtaining data from open sources to make risk selection more efficient and accurate for corporate clients of insurers and banks.
About FintechOS: FintechOS is a global employer co-headquartered in London and New York, offering fintech enablement services with the mission of making fintech innovation available to every company. Its platform simplifies and accelerates the launching, servicing, and expansion of financial products and services, and connects with any ecosystem tech or service – financial and non-financial.