InsurTech Spotlight: Finaeo

Finaeo

Company: Finaeo Inc.

Website: finaeo.com

Business Category: Combination of insurance practitioner and technology provider

Maturity Status: Startup (less than 3 years since product went into production)

Product or Service: We are building the Amazon of life/health insurance for advisors

Area: Life & Health insurance

Business description:

Finaeo is building the digital fabric to connect and power the life insurance industry, globally. We believe in the value of advice and are dedicated to providing advisors, their clients and carriers the technology needed to thrive in a digital era. Finaeo will become the “Amazon of insurance.”

What makes us an InsurTech:

Finaeo is a platform which offers a suite of technology for carriers, advisors and clients to go “prospect-to-policy”, all digital. For advisors, they receive a free front-office management system to organize, automate and streamline their operations/compliance. For clients, they are provided with a fully digital onboarding experience along with an app to store all their policies in a “digital wallet.” Carriers have access to tools that help create “on-the-fly” e-apps, automated underwriting models and transformation technology to convert from legacy systems into API form-factor. Ultimately, Finaeo is developing a real-time marketplace to allow advisors to streamline the process of applications, underwriting and recommendations for their clients.

Major features & technology used:

Finaeo’s technology is built with the most cutting-edge solutions. Starting with a “serverless” cloud infrastructure, powered by Amazon AWS Lamda, a deep machine learning data architecture and automated workflows across both web and mobile, Finaeo is geared to power the next generation of insurance.

About Finaeo

Finaeo is a high-growth insurtech startup revolutionizing the life insurance marketplace with an advisor-first digital platform. The diverse leadership team brings together deep industry knowledge and extensive tech experience, placing Finaeo in the #1 position to modernize the insurance industry. And with just 3 years under its belt, Finaeo is already challenging global industry standards and breaking down the barriers between advisors, clients and providers. For more information, please visit finaeo.com.

Source: Finaeo