Federato

📣 We are excited to share that Federato has raised a total of $80 million to date, including today’s $40M Series C funding round: https://lnkd.in/g-b2zbpX Thousands of underwriters are using Federato’s RiskOps platform to win the right deals, faster. From the moment a submission hits an underwriter’s email or portal, RiskOps puts AI to work, triaging submissions with a focus on high-appetite business, delivering real-time feedback on the portfolio, and consolidating workflows into a single proven system. 💪 We see this financing as a milestone of our continued progress, not an achievement in and of itself. The real achievement is the value we are creating each and every day for our customers, and the thousands more underwriters who will join the RiskOps movement in the years to come. We’re thrilled to now be directly partnered with Stepstone Group, who led this financing, with participation from all our existing investors Emergence Capital, Caffeinated Capital and Pear VC.  Learn more about what this means for Federato’s next chapter as we bring more insurers into the AI era: https://lnkd.in/g-b2zbpX

See how Nationwide is leveraging Federato's RiskOps platform to align overall portfolio strategy with underwriting action. 📈 To learn more, get a demo today: https://hubs.la/Q02YmTKm0 #federato #riskops

Velocity Risk had a submission volume problem; their first-in, first-out submission analysis process was leaving high-appetite business buried in the stack and unquoted, as underwriters sifted through lower-appetite, less-winnable deals. Until Federato. Since deploying a matrix scoring system to prioritize submissions with Federato, Velocity has improved their time-to-quote by 89% and their percentage of high-appetite policies bound by 3.7x

🚨 Tomorrow! Don't miss Federato’s CEO and Co-Founder, Will Ross, in the "AI-driven analytics: unlocking the potential" panel at 3:05pm on the Transformation Stage at Insurance Innovators Summit. #IISummit24 #InsuranceInnovators #InsurTech

The Federato team is headed across the pond for Insurance Innovators Summit next week! Stop by Stand 40 to meet the team who can help you win the right deals, faster. #IISummit24

We're still on cloud 9 with these awesome scenes from #ITCVegas. From insightful panels to stellar networking, it was a mission we won’t soon forget. The AI renaissance is here -- are you ready for liftoff? 🚀 And in case you missed it, here are our 3 Big Takeaways from the show. https://hubs.la/Q02VxC_w0

We finally caught up on sleep after the *best* week at #ITCVegas, and we have a few things to say about it. Check out our post: Our 3 Big Takeaways on the Future of Insurance https://hubs.la/Q02VxC_w0 See you next year, Vegas!

Climate change is one of the most complex challenges facing insurers and their customers now and in the coming decade. Data, technology and the predictive capabilities of AI are key to navigating the difficulties ahead. We are proud to support customers like Kettle, Velocity Risk and more who are stepping into the storm and tackling the climate challenge head on.

🎶 It's so hard, to say goodbye...to #ITCVegas 🎶 Not sure if those are the exact lyrics Boys II Men sang, but that's how we feel! Officially a wrap on this year's show. What a time. To all our friends, new and old, thanks for a productive week. Drop us a note, and we'll send you our write-up on our 3 Big Takeaways from ITC Vegas 2024.

Teeing off at the Federato booth this morning! Stop by to test your luck, and you just might win a buck 🏌♂️ #ITCVegas