Atidot, a leader in big data, AI, and predictive analytics tools for life insurance and annuity providers, announced today the opening of their first U.S. office in San Jose, CA. The new office will serve their U.S. based clients and enable Atidot to continue its rapid growth in North America.
Coming on the heels of successful pilot projects with two top-10 insurance providers in the U.S. and the closing of a $5 million Series A funding round, Atidot’s recently appointed vice president and chief delivery officer, Martin Snow, will oversee U.S. operations.
“Opening a U.S. office is the next natural step for Atidot. We are already working with a number of highly regarded U.S. insurance providers, and are beginning to work with several others, so a regional office is crucial”, said Mr. Snow. “Our presence will enable us to offer advanced actuarial tools to more companies, empowering them to make more informed strategic decisions based on data proven insights”.
“Atidot’s solutions are helping providers identify new potential opportunities to increase personalization of the customer policies and increase revenue,” Atidot co-founder and CEO Dror Katzav said. “High rates of underinsurance, for example, account for hundreds of millions of dollars in lost revenue potential, and with Atidot providers are able to identify these opportunities and remedy them, a benefit for both the provider and the policyholder.”