ASTON iT Insurance, the first B-to-B Insurtech platform dedicated to optimizing Credit Insurance for companies and financial institutions, has been selected as one of the finalists in the Insurtech 2019 competition.
Press release
“The verdict is in: ASTON iTF has been selected as a finalist in the Insurtech of the Year competition.
ASTON iT Insurance is the 1st B-to-B Insurtech platform dedicated to optimizing credit insurance for companies and financial institutions.
Trade receivables and credit insurance:
SMEs are a priority: 20% of bankruptcies are due to a payment incident. However, only 10% of companies worldwide are insured by a credit insurer.
The ASTON iT Insurance 100% SaaS – Cloud – AI platform brings 4 major evolutions:
- 100% online underwriting and KYC, enabling SMEs to take out credit insurance with an insurer online.
- Automatic monitoring of policies, cross-referenced with the company’s outstanding accounts
- Automatic calculation of the actual guarantee amount
- A multi-policy, multi-insurer credit platform. All this with self-learning AI algorithms: Anti-fraud KPIs, flag invoices, scoring, automatic limit requests…
- Banks: who secure their outstanding loans by optimizing their credit insurance policies, thus offering more financing to companies
- Credit insurers: enabling them to offer online sales to the SME market.
For more information: http: //astonitf.com
Contact Aston iTF: contact@astonitf.com