LISA Insurtech among 12 startups selected by Zurich to work on the future of insurance

April 28, 2022 – LISA Insurtech, company that provides solutions to solve claims processes in an automated way using artificial intelligence, has been selected among 2,600 applicants to be part of the 12 winning startups of the Zurich Innovation Championship. The process focused on four business categories: reinvented insurance, prevention and mitigation, simplicity and sustainability.

«The breadth of ideas we received from startups around the world was incredible and gives us a glimpse of what the insurance of tomorrow will look like,» explained Ericson Chan, Chief Information & Digital Officer, Zurich Group. «Our winners have innovative and thoughtful solutions, and we look forward to developing them together to bring new solutions to our customers and simplify the way we interact with them.»

The 12 chosen startups are exploring solutions that include technology to detect and prevent cyberbullying; smartphone access to video-based health and wellness monitoring; tools to measure and reduce the carbon footprint of businesses and individuals; and settling insurance claims automatically using AI and blockchain.

What’s next?

LISA Insurtech is already working with Zurich to prepare an operational plan in a three-month acceleration phase.

During this phase, the 12 startups will benefit from both financial and non-financial support, such as mentoring by Zurich executives and experts and access to business use cases, after which an implementation phase will bring the successful ideas to life and scale them globally.

«It is news that fills us with pride. It gives us confidence that what we are doing is important and has sustainability. But beyond that, we have great expectations of the process we are initiating and we are prepared to absorb everything we can. It will undoubtedly be a great leap for our company,» says Gino Volpi, CEO and founder of LISA Insurtech.

The winners in each category are:

  • Reinventing insurance: Caruso, Garanteasy,
  • Prevention and mitigation: Adapt Ready,, One Concern.
  • Simplicity: Anagog, Democrance, LISA Insurtech.
  • Sustainability: Deedster, Dynamhex, Salient.

The digital leap is no longer a choice for insurance carriers

The insurance industry is currently undergoing a transition period, with many insurance companies in the market that operate under the traditional model while there are also others that are already making the necessary changes to pursue the success that only technology can bring them.

Insurance industries have been selling the same product since forever: protection for people’s most precious assets. However, this has grown exponentially over time, as the world has continued to evolve and there are more and more things we all want to protect or may need insurance for.

Traditionally, insurance companies have sold their products like many other industries: face-to-face at dedicated offices. However, the world is constantly changing at an ever-increasing pace and those who do not join the change will be left out of the market competition.

It is known that several insurance companies have emerged in this digital era. These new companies have taken over the majority of the current market, as they offer their products in an innovative and attractive way to the end users: the policyholders.

Faced with this situation, traditional insurance companies must take action and join the change. If they do not, they will remain in the past and see their assets steadily decrease.

The Era of Digital Transformation

It is a very interesting field of development and investment of money with a very promising potential. The most ingenious and willing to change will have the monopoly of the market in just a few years with their companies.

The insurance industry does not escape this reality. More and more companies of this type have had to move and make the leap into the era of Digital Transformation, but what does this really means?

Basically, it’s about greater proximity to the end user, greater ease of operations with the convenience that comes with it, and of course, the element of customization that today’s users love so much.

For this reason, it is estimated that, in the coming years, companies that carry their operations to the public in physical offices will gradually decrease and will move to digital offices. Thus, there will be very few companies that will remain operating traditionally and with a very small number of buyers.

For LISA Insurtech, being part of the Digital Transformation is an essential fact. We are committed to its benefits by supporting the insurance industry in the revolution of automatic processes of claims settlement through various technologies.

What is the end result of all of the above?

  • Decrease of the liquidation process by 80%.
  • Reduction of operating costs by 60%.
  • Increase in NPS up to 20%.

What are you waiting for to streamline your processes with cutting-edge technology?


LISA Insurtech Raises $2.5M

LISA Insurtech, an artificial intelligence (AI) and automation-focused startup providing solutions for auto, home, life and health insurers and third-party administrators (TPAs), is pleased to announce the successful close of an early stage, $2.5 million funding round led by U.S.-based venture capital (VC) firm HCS Capital. 

Born out of the need to speed claims settlements, reduce claim costs, and improve cycle times, LISA was founded in 2018 and is now headquartered in insurance talent-rich Columbus, Ohio. The company’s automation-first platform, including the flagship LISA Claims solution, helps insurance companies and TPAs streamline operations.  

“This new funding has already facilitated enhancements in company leadership and the move of our headquarters to the U.S.”, said Gino Volpi, founder and CEO of the company. “Going forward, it will enable the launch of the complete LISA platform in the U.S and will allow us to continue our mission of building the insurance operations platform of the future”.

The solutions currently available on LISA’s platform, including LISA Claims, LISA Gateway, and LISA TMT, are driven by AI and adept at automating critical insurance processes.

LISA Claims, for example, enables claimants to file claims, upload supporting first notice of loss (FNOL) documentation and photos, and is currently in use by large global insurance companies modernizing claims intake and settlement processes across multiple lines of business.  

LISA’s new insurance sales solution, which is already in its early deployment in several existing LISA insurers clients, is designed to allow client evaluation in real time for a more accurate policy pricing determination. The solution is expected to be widely-available in the second half of 2022.

LISA’s current clients already include some of the largest carriers in LatAm and Europe.