- Name of the Company: GeoX
- Describe the Company’s Core Activities:
- Commercial & Residential Property data to improve risk assessment and pricing
- Geox is a property intelligence company with a mission to enhance the performance of insurance players by providing innovative and accurate data based on GEOSPATIAL imagery. Using AI and computer vision technologies, Geox empowers carriers to respond effectively to the challenges posed by climate change and increasing natural catastrophes.
- What Specific Challenges in the Insurance Sector Are You Addressing?
GeoX is dedicated to tackling several critical challenges within the insurance sector:
- Growing Loss from Natural Catastrophes: We help insurance companies better understand and mitigate risks associated with natural disasters, thus reducing the financial impact of these events.
- Competitive Pricing: GeoX assists clients in accurately pricing their insurance products to remain competitive in the market while ensuring profitability.
- Risk Analysis: Our advanced data analytics and geospatial insights enable insurance companies to conduct more precise risk assessments, minimizing underwriting losses.
- Targeting the Right Properties: We provide valuable data that allows insurers to identify and target properties with specific risk profiles, optimizing their underwriting strategies.
- Digitalization: GeoX plays a pivotal role in the digital transformation of the insurance industry by providing data-driven solutions that streamline processes and enhance decision-making.
- Could You Explain Your Business Model?
GeoX is centered around providing customized data solutions to insurance clients, offering flexible volume-based consumption.
- Enumerate the Core Values Important to Insurance Companies/Brokers:
- Loss mitigation
- Imrpoved risk assesment
- Improved pricing
- How Can You Enhance the Experience for Policyholders?
- Actionalbe insights to minizmze damage of natural catasrphoes
- Instant quotation
- Detail the Previous Investments in Your Company:
- Outline the Notable Partnerships or Agreements You’ve Entered Into:
- Sompo
- GeoXscape
- MunichRe
- FEMA
- Insurity
- Identify the Key Executives in the Company and Their Respective Roles:
- Izik Lavy – CEO
- Eli Lavi – CTO
- Yuval Mey Raz – CBDO
- Jon Agassi – Director of The US
