DigitalTech International

insurtechiot-preventive insurance/telematics

FOUNDING YEAR: 2015
LOCATION: Italy
Last Update: 01/05/2020

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About

DigitalTech International was founded to leverage on the experience of the Italian innovative telematics cluster and design a new generation of disruptive digital solutions. Founded by Andrea Silvello, 15 years of experience in strategy consulting, including Bain & Co. and BCG and Luciano Pezzotta, Lead Consultant of Blue Ocean Strategy in the Asia-Pacific. Incubated by Business Support SpA, a high-growth European “boutique” strategy consulting and financial advisory firm and ECSI Consulting a global innovation consultancy. We are the first connected insurance service provider for the insurance carriers at a global level on all the personal lines (car,home,health and life). Our solution is a plug&play SaaS which enables Insurers to manage the insurance IoT value chain from data gathering to service delivery with a smartphone-based cross-business line, putting the customer at the center. It is all based on an ecosystem of partners that are connected to the different lines of “Connected Insurance”

MEDICI Analysis

Digitaltech international is a technology platform that provides solutions for insurance industry. It is offering multiple products such as InsurTechNews: provides news for insurers, distributors, investors etc, Healthfront: offers insurance services for health & wellness, Housefront: providing technology solutions for home insurance policies, Neosurance:Virtual insurance agent for insurance disruptors and reinsurers, Consiglio dal Medico: app created for remote health-advice from a network of Italian medical doctors, Consiglio dal Veterinario: app which allows users to ask questions related to their pet’s health to a network of Italian veterinarians.

Focus

PRODUCTS & SERVICES

Technology provider for insurance & healthcare industry.

REVENUE MODEL

Modular pricing based on the module chosen by each insurance carrier. Yearly fees (% of the insurance premium) charged for any activated customer.

PRIMARY PROBLEM SOLVED

Our solution transforms old insurance institutions in insurtech players. The creation of an efficient insurance IoT use-case requires a great suite of services. Our platform is able to orchestrate our different modules and all the ecosystem of partners required by each insurer. Currently user experiences are fragmented, we provide a unified interface. Also data sources are fragmented, IoT projects are expensive and lengthy, we provide a pluj&play white-label solution without a set-up cost and with just a few weeks required for go to market. Insurance IoT project experimentation is affected by fixed cost and is characterized by uncertain adoption rate: we provide a SaaS with a fee (%) from the cost of the insurance policy for activated clients.

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

Traction

REVENUE

$0 - $99k in 0

REVENUE COMMENT:

trial/pilot

TRANSACTIONS COMMENT:

trial/pilot

ACTIVE USERS:

22000

People

FOUNDERS

Andrea Silvello

Luciano Pezzotta

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

Melissa Siano

Celia Clinciu

COMMENT:

Deep understanding of insurer’s needs,broad relations with many insurance executives: the result of our participating at the Connected Insurance Observatory where we had the chance to exchange ideas with more than more than 30 international insurance groups. Unique expertise in developing container apps architecture.

Momentum

FUNDED

NO

LISTED

NO

For Investors

FUNDING NEEDED:

€1 M

USES OF FUNDS RAISED:

1. Complete the team set-up

2. push comercial offer

MONTHS LEFT WITH CURRENT CASH BURN RATE:

6 months from 13 Aug, 2016

BASICS

FOUNDING YEAR:

2015

LOCATION:

Italy

Views:

368 VISITORS | 596 VIEWS
TOTAL EMPLOYEES
1-10

About

DigitalTech International was founded to leverage on the experience of the Italian innovative telematics cluster and design a new generation of disruptive digital solutions. Founded by Andrea Silvello, 15 years of experience in strategy consulting, including Bain & Co. and BCG and Luciano Pezzotta, Lead Consultant of Blue Ocean Strategy in the Asia-Pacific. Incubated by Business Support SpA, a high-growth European “boutique” strategy consulting and financial advisory firm and ECSI Consulting a global innovation consultancy. We are the first connected insurance service provider for the insurance carriers at a global level on all the personal lines (car,home,health and life). Our solution is a plug&play SaaS which enables Insurers to manage the insurance IoT value chain from data gathering to service delivery with a smartphone-based cross-business line, putting the customer at the center. It is all based on an ecosystem of partners that are connected to the different lines of “Connected Insurance”

Subscribe to the MEDICI Inner Circle Membership and gain access to an exclusive Slack community where you can engage in discussions with global industry experts!

MEDICI Analysis

Digitaltech international is a technology platform that provides solutions for insurance industry. It is offering multiple products such as InsurTechNews: provides news for insurers, distributors, investors etc, Healthfront: offers insurance services for health & wellness, Housefront: providing technology solutions for home insurance policies, Neosurance:Virtual insurance agent for insurance disruptors and reinsurers, Consiglio dal Medico: app created for remote health-advice from a network of Italian medical doctors, Consiglio dal Veterinario: app which allows users to ask questions related to their pet’s health to a network of Italian veterinarians.

Focus+
Momentum+
Traction+
People+
For Investors+
Other+

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DigitalTech International

About

DigitalTech International was founded to leverage on the experience of the Italian innovative telematics cluster and design a new generation of disruptive digital solutions. Founded by Andrea Silvello, 15 years of experience in strategy consulting, including Bain & Co. and BCG and Luciano Pezzotta, Lead Consultant of Blue Ocean Strategy in the Asia-Pacific. Incubated by Business Support SpA, a high-growth European “boutique” strategy consulting and financial advisory firm and ECSI Consulting a global innovation consultancy. We are the first connected insurance service provider for the insurance carriers at a global level on all the personal lines (car,home,health and life). Our solution is a plug&play SaaS which enables Insurers to manage the insurance IoT value chain from data gathering to service delivery with a smartphone-based cross-business line, putting the customer at the center. It is all based on an ecosystem of partners that are connected to the different lines of “Connected Insurance”

Focus

PRODUCTS & SERVICES

We are a B2B2C technology partner for the insurance carriers. Our white-label app-based solution helps transform traditional insurers in insurtech players. How? • It is the enabler of connected insurance allowing the traditional insurer to achieve direct impact on the insurance P&L (increase of profitability) • It creates a seamlessly integrated user experience for the customer which will have all the IOT services for the different business lines in one unique container app • It offers a direct communication channel with the customers • It allows cross and up-selling Our solution has a short time-to-market and it is highly adaptable (can integrate any pre-existing Insurer’s app) according to the specific needs of the Insurer. Ultimately it brings technical benefit for the insurance bottom line thus being applicable to any premium size and also on any type of market. The modules cover all the personal line of connected insurance - car, home, health and life.

REVENUE MODEL

Modular pricing based on the module chosen by each insurance carrier. Yearly fees (% of the insurance premium) charged for any activated customer.

TOP PROBLEM SOLVED

Our solution transforms old insurance institutions in insurtech players. The creation of an efficient insurance IoT use-case requires a great suite of services. Our platform is able to orchestrate our different modules and all the ecosystem of partners required by each insurer. Currently user experiences are fragmented, we provide a unified interface. Also data sources are fragmented, IoT projects are expensive and lengthy, we provide a pluj&play white-label solution without a set-up cost and with just a few weeks required for go to market. Insurance IoT project experimentation is affected by fixed cost and is characterized by uncertain adoption rate: we provide a SaaS with a fee (%) from the cost of the insurance policy for activated clients.

PRODUCT DEVELOPMENT STAGE

PROTOTYPE

KEY DIFFERENTIATORS

Our platform is able to orchestrate our different modules and all the ecosystem of partners required by each insurer.

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Others

People

FOUNDERS

Andrea Silvello

Luciano Pezzotta

NUMBER OF EMPLOYEES

1-10

KEY EMPLOYEES:

CEO, FOUNDER: Andrea Silvello

CTO: Luigi Mozzillo

Marketing: Melissa Siano

Consultant: Celia Clinciu

FOUNDER: Luciano Pezzotta

TEAM COMMENT:

Deep understanding of insurer’s needs,broad relations with many insurance executives: the result of our participating at the Connected Insurance Observatory where we had the chance to exchange ideas with more than more than 30 international insurance groups. Unique expertise in developing container apps architecture.

Momentum

FUNDED

NO

FUNDING COMPLETED

NO

LISTED

NO

FUNDING SERIES