FintechOS and Wenalyze partner on advanced risk analysis for insurers

By Gloria Methri

InsurTech Wenalyze has partnered with FintechOS to provide insurers with advanced risk analysis and digital capabilities. FintechOS’s FinTech enablement platform enables insurers to develop and deploy new products across a range of digital channels, as well as to optimize their back-end operations.

The partnership will bring together Wenalyze’s risk analysis software with the FintechOS platform to provide insurance companies with a more comprehensive view of risk.

By leveraging Wenalyze in conjunction with FintechOS, insurers will be able to assess risk, develop custom insurance products, and price policies more accurately.  Wenalyze’s Open Data analytics software will provide customers with up-to-date risk insights.

“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,” said Carlos Albo, CEO of Wenalyze. “This will allow insurance companies to create more tailored and personalised insurance products, better serving their SME customers”.

In December, FintechOS announced its insurance revenue increased by 300% YoY, driven by winning major new clients, such as Admiral Insurance Group, and expanding partnerships with existing customers, like Howden Group. FintechOS has also entered new markets, working with insurers like Vienna Insurance Group to enable health insurance products. The partnership with Wenalyze furthers FintechOS’s investment in the insurance technology market.

Teo Blidarus, CEO of FintechOS, said, “The data that the insurance industry relies on is more often than not wrong or outdated. 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.”