| Project Detail |
HD Insurance ("HDI") is a fully regulated general insurance company, founded in Cyprus in 2011, putting technology and innovation at the forefront of all its activities. It has built its own proprietary underwriting, claims management and online distribution platform which increases the efficiency of traditional services with the use of artificial intelligence (AI) / machine learning. The groups vision is to use this platform to generate leads and claims management fees and so contribute to the digitalisation of the insurance industry in Greece and Cyprus.
Objectives
The project concerns the digitisation and innovation of the underwriting and insurance industry. The promoters proprietary algorithms and platform allow it to execute traditional services more efficiently with the use of machine learning and AI. The research and development (R&D) programme includes the years from 2020 to 2022.
Sector(s)
Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 15 million
Total cost (Approximate amount)
EUR 35 million |
