MotionsCloud

insurtechclaimsartificial intelligence/machine learning

FOUNDING YEAR: 2016
LOCATION: Germany
Last Update: 16/03/2020

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About

Mobile & AI claims solution for customers, claims experts, and insurers to digitize and automate non-life insurance claims. We speed up non-life insurance claims 8x faster than today and for insurers, it saves up to 30% of the claims expenses. Primarily, our focus is on non-life insurances, specifically in property insurance claims.

MEDICI Analysis

Mobile & AI claims solution for customers, claims experts, and insurers to digitize and automate non-life insurance claims. We speed up non-life insurance claims 8x faster than today and for insurers, it saves up to 30% of the claims expenses. Primarily, our focus is on non-life insurances, specifically in property insurance claims.

Focus

PRODUCTS & SERVICES

MotionsCloud provides an intelligent claims solution for P&C insurers to streamline and automate claims processes. The solution reduces cycle time from days to hours, reduces expenses up to 75%, and improves the customer experience with mobile, artificial intelligence (AI), and video-enabled technologies which can integrate with legacy systems

REVENUE MODEL

Paid per claim

PRIMARY PROBLEM SOLVED

Top problems in non-life insurance claims processes: - Tedious - Complicated - Time-consuming - Expensive to process - Often do not meet customer expectations

INTELLECTUAL PROPERTY

Patent(s) NOT_FILED

Traction

ACTIVE USERS:

1 Million in 2016

People

FOUNDERS

Alexis Hanke

Pablo Duy K. Vu

NUMBER OF EMPLOYEES

1-10

INVESTORS:

Global Insurance Accelerator

COMMENT:

3 of us with more than 15 years experience in insurance,IT industry. Each of us won several awards such as HSBC Young Entrepreneur Award, EIT ICT Award,ASEAN Millennium future leader award.

Momentum

FUNDED

YES

TOTAL FUNDING

$40 K

DATE OF LAST FUNDING

Sep 2019

SEED & PRIOR FUNDING

$40 K

SEED CLOSED ON

Sep 2019

LISTED

NO

For Investors

FUNDING NEEDED:

€1 M

USES OF FUNDS RAISED:

1. Strengthen sale team

2. Strengthen technical team

3. Product development

COMPETITORS:

Xactware

Innovation Programs

BASICS

FOUNDING YEAR:

2016

LOCATION:

Germany

Views:

302 VISITORS | 528 VIEWS
LATEST FUNDING ROUND

$40 K

TOTAL EMPLOYEES
1-10

About

Mobile & AI claims solution for customers, claims experts, and insurers to digitize and automate non-life insurance claims. We speed up non-life insurance claims 8x faster than today and for insurers, it saves up to 30% of the claims expenses. Primarily, our focus is on non-life insurances, specifically in property insurance claims.

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

Mobile & AI claims solution for customers, claims experts, and insurers to digitize and automate non-life insurance claims. We speed up non-life insurance claims 8x faster than today and for insurers, it saves up to 30% of the claims expenses. Primarily, our focus is on non-life insurances, specifically in property insurance claims.

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

Innovation Programs

Join the exclusive global FinTech community

Be a part of the global FinTech community on Slack

MotionsCloud

About

Mobile & AI claims solution for customers, claims experts, and insurers to digitize and automate non-life insurance claims. We speed up non-life insurance claims 8x faster than today and for insurers, it saves up to 30% of the claims expenses. Primarily, our focus is on non-life insurances, specifically in property insurance claims.

Focus

PRODUCTS & SERVICES

MotionsCloud provides an intelligent claims solution for P&C insurers to streamline and automate claims processes. The solution reduces cycle time from days to hours, reduces expenses up to 75%, and improves the customer experience with mobile, artificial intelligence (AI), and video-enabled technologies which can integrate with legacy systems

REVENUE MODEL

Paid per claim

TOP PROBLEM SOLVED

Top problems in non-life insurance claims processes: - Tedious - Complicated - Time-consuming - Expensive to process - Often do not meet customer expectations

PRODUCT DEVELOPMENT STAGE

COMMERCIAL LAUNCH

KEY DIFFERENTIATORS

Mobile & AI technology to automate non-life insurance claims processes

PRIMARY CUSTOMER TYPE

Enterprise - Banks or Financial Institutions

Enterprise - Others

Small And Medium Business - Other

PRODUCT ATTRIBUTES

SaaS

On-premises

White label

Customer facing

People

FOUNDERS

Alexis Hanke

Pablo Duy K. Vu

KEY EMPLOYEES:

CEO: Lex Tan

CTO: Pablo Vu

FOUNDER: Alexis Hanke

FOUNDER: Pablo Duy K. Vu

TEAM COMMENT:

3 of us with more than 15 years experience in insurance,IT industry. Each of us won several awards such as HSBC Young Entrepreneur Award, EIT ICT Award,ASEAN Millennium future leader award.

INVESTORS:

Global Insurance Accelerator

Momentum

FUNDED

NO

TOTAL FUNDING:

$40 K

LISTED

NO

FUNDING SERIES
Seed Jan 2017