Verikai

Verikai applies AI-driven predictive analysis to the risk assessment process within insurance industries, providing brokers and underwriters with software that automatically assesses data points. Its software uses over 5,000 behavioural attributes from more than 250 million individuals in order to provide accurate risk assessment, improving workflow efficiency whilst reducing costs for individuals.

Risk assessment within the insurance industry often requires questionnaires to combat the challenges of limited data, so Verikai has made an intelligent move by providing the automated analysis of enormous datasets in order to prevent the need for this arduous data collection. The company aims to provide its services to underwriters and brokers of varying scales by providing different payment plans and software packages depending on the size.