Veezoo to run AI proof-of-concept trial with AXA

Source: Veezoo

Veezoo , a conversational Artificial Intelligence technology that enables users to understand their company’s data, has partnered with AXA Winterthur for a three months Proof of Concept (PoC) beginning July 2017.

The PoC will help Veezoo validate its solution for deployment in corporate environments and explore ways of making it possible for employees to access large quantities of complex data in a straightforward way. The partnership will also allow AXA Winterthur to engage intensively with the topic of machine learning on a real-life basis. The partnership was officially announced at the Kickstart Accelerator 2017 Opening Ceremony. For the next three months, 30 startups from all around the world are living and working in Zurich, where they are provided with the best possible support.

Marcos Monteiro, Founder of Veezoo, commented: " We expect to show how Veezoo can reduce the reporting backlog of AXA’s data analysts by hundreds of hours each month, while at the same time enabling the management team to find new strategic opportunities in the data themselves. We are very thankful to Kickstart Accelerator for the critical role it has played in facilitating a great corporate-start-up partnership.”

Insurance sector undergoing digital transformation

Carola Wahl, Head Transformation & Market Management at AXA Winterthur: “Our commitment to Kickstart Accelerator gives us an opportunity to learn about innovative start-ups and emerging technologies, which in turn spark ideas around how to expand our core business. At the same time, working with us allows the entrepreneurs parting in the program to benefit from our comprehensive
product expertise and AXA’s vast customer network.” The partnership comes at a time, when the insurance industry is undergoing a digital transformation.

New technologies offer a variety of possibilities, with open data gathered by governmental bodies, search engines and companies bringing digitisation to the forefront of many businesses. Businesses are no longer satisfied with solely collecting data, but are increasingly looking to better understand the data and make data-driven decisions that are applicable to their company and the broader insurance industry.

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