Switzerland
Virtual i Technologies is a Switzerland-based startup founded in 2016, aimed at transforming the insurance industry by enabling comprehensive risk assessment. Their technology leverages both computer and human insights to make data-driven decisions, moving away from traditional good-faith underwriting.
Their flagship product, Virtual Risk Space™️, brings innovative solutions that result in significant cost savings for insurers by eliminating the need for on-site project assessments. The platform has demonstrated effectiveness, with up to a 12% reduction in loss ratios and a 40% improvement in workload efficiency for underwriters and risk engineers.
The company's mission is to democratize access to high-quality risk engineering and loss prevention services, particularly for small and medium enterprises, ensuring business resilience. With a recent $6.00M Series A investment on 01 April 2022, Virtual i Technologies is poised for substantial growth, offering insurers an immediate, user-friendly tool without necessitating IT system changes.
