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Weekly InsurTech Startup Spotlight: Emerge, using data and machine learning to solve corporates’ problems

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Our Startup Spotlight this week is Emerge.

Emerge helps insurance companies to make money from insurance operations. We do this through a SaaS solution that delivers bespoke machine-learning models across the customer value chain. Our models are very accurate and quick to build. We work in partnership with consulting companies and/or directly with corporates.

Can you introduce yourself?

I’m Laurence from Emerge. Together with my partner, Danny, we are co-founders of the business.

What does Emerge do?

Emerge uses corporate data and our proprietary software to build machine learning solutions for corporate companies that adds value to their operations.

How is Emerge changing insurance?

Insurance worldwide is very inefficient. Most insurance companies don’t actually make money from underwriting profit, most of it is actually from investment profit. It’s important to find pockets of value throughout the insurance chain. So what we do with our models, is we find pockets at the beginning—optimizing the right marketing campaigns to go after, finding the right sales people to look at, reducing fraud later on in the claims process, finding people who are likely to leave and getting an opportunity to identify those people in advance and try to build relationships with those clients and make sure they stay. So if you can do…

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