Helping insurers to lower their operational costs
At BlackFin, we are deeply convinced that European insurtechs can help insurers improve their efficiency all along the value chain.
So far, as a study from our fellow VC astorya.vc shows, most VCs have invested in startups tackling the way insurers distribute their products — but more and more are interested in startups that try to improve the operational performance of insurance companies. Yet, in the middle of COVID-19 crisis, the need for solutions reducing the impact of fraud or digitising insurers’ processes seems to be crucial.
That’s exactly what Bdeo does.
With a combination of some of the most innovative AI-based technologies on the market, and thanks to a growing database that already contains 30 million datapoints, Bdeo offers to insurance companies a comprehensive solution that spans from automatic policy subscription to the digitalisation of claims management through automatic damage detection.
Recognized by Fintech Global as one of the leading 100 companies in the InsurTech space for the second consecutive year, Bdeo has been working, in just three years, with 30 insurance companies in 19 countries on three different continents.
“Our technology reduces the operational costs of insurers by up to 70% while radically improving the experience of policyholders, increasing their NPS by 20 points on average” says Julio Pernía, CEO and co-founder of Bdeo.
At BlackFin, we strongly believe in Bdeo’s product-market fit, in a context where insurers try their best to lower their operational costs and to provide a best-in-class customer experience. By leading this investment in Bdeo, we hope to bring to the team both our deep knowledge of Insurtech and the network of Insurers we’ve developed all over Europe.
We are looking forward to working with such a talented team. ¡Viva Bdeo!