Have you already been stuck in an insurance claim process? If yes, you know how painful this can be. And not just for the damaged party but also for the insurer checking the truthfulness of the claim. However, long claiming process could be soon a memory: the Germany based Startup Motionscloud is providing a new claim solution for non-life insurers.
Motionscloud is a fast, efficient and cost effective ways to settle non-life insurance claims. The mobile & artificial intelligence claim solutions enables in fact to digitize and to automate claims processes through customer centric mobile solution.
Through the Motionscloud estimation engine the value of the damages is estimated in real-time. The evidence can be collected through different media format as text, audio, photo and video. All evidence is then stored with high security standard, thus eliminating the possibility of fraud. Finally, Motionscloud enables claim experts to work with customers remotely through voice and video communication in order to complete the claim settlement. The claim process is thus more straightforward and efficient with a higher customer satisfaction.
Motionscloud was selected as top 5 insurtech startup to participate in Werk1 Forward Insurtech Accelerator that is backed by 10 German insurers. They were also selected as top 10 digital startups by the German state of Bavaria for partial public funding grant. Last but not least, they were one of the 25 startups selected to attend the 2nd edition of Nitro in France.
“I learnt a lot from experienced consultants, investors and other startups at Nitro.” – says co-founder Pablo Duy K. Vu - “They brought different insights on how to evaluate a business, how to target and expand the business across borders, which is really helpful for our business expansion plans. Moreover, I met several potential investors that are interested in our business model. We are still following up with them for the next steps.”
Meeting several investors was surely one of the best part of the Nitro’s program for the Motionscloud team but they were overall satisfied with the experience: “I am impressed about the support of Nitro team in term of organization. I also appreciated the flexibility of the program: the Nitro team managed to change my sessions at the very last minute without any hassle.”
The call for Nitro 3 taking place in Lisbon on the 4th and 5th May 2017 is now online! If you wish to join amazing startups, be coached by experienced consultants and pitch in front of investors apply till the 15th March 2017 here