Company Research Report: Urbanico

Company Overview

• Name: Urbanico

• Mission: Urbanico aims to revolutionize data-driven insurance by providing urban intelligence that offers insight into urban risks and opportunities. They aim to mitigate risk in the insurance industry by utilizing hyper-local urban data.

• Founded By: Co-founders Yuval Shafrir and Yoni Levi.

• Key People:

• Yuval Shafrir – CEO & Co-founder

• Yoni Levi – CTO & Co-founder

• Brett Sadoff – Head of Insurance

• Elyasaf Moas – Fintech Entrepreneur

• Headquarters: No information is available.

• Number of Employees: 2-10 employees.

• Revenue: No information is available.

• Known For: Urbanico is known for its urban intelligence platform that transforms urban data into structured information to enhance risk management in the insurance field.

Products

Urbanico offers several data-driven products aimed at improving risk assessment and underwriting processes in property and casualty insurance:

• uCrime™:

• Description: A crime risk factor product that projects potential crime-related perils for properties.

• uFlood™:

• Description: An analysis tool forecasting water-related risks such as floods or leakages.

• uFire™:

• Description: Predicts the potential for fire-related events impacting properties.

• uDrive™:

• Description: Connects into auto-insurance products to foresee the probability of automobile accidents.

Key Features:

• Utilization of urban contextual risk indicators.

• Automation of underwriting processes.

• Integration through simplistic API-first implementation.

• Insights that extend traditional risk assessment and underwriting capabilities.

Recent Developments

• Structural Developments: Urbanico has expanded its advisory board by welcoming Peter Lynch, a respected figure in global insurance and data analytics space. His experience will aid Urbanico’s growth and operational scale.

• Partnerships: Recently, Urbanico participated in a prominent InsurTech delegation across the USA, enhancing its network and industry influence.

• Funding: Urbanico has raised a total of $1.5 million in seed funding from OurCrowd, a detail that reflects investor confidence in Urbanico's strategic vision.

• Innovations: Continuation to solidify their platform by integrating advanced machine learning, deep learning, and urban data processing for better risk analysis.

Note: The report contains all available information and explicitly mentions fields for which no information is available. This report highlights Urbanico's strategic avenues and operational updates, focusing on their role in transforming insurance risk analysis through urban intelligence.