SA drone startup Aerobotics clinches Digital Insurer European 2017 award

Cape Town-based drone and data analytics startup Aerobotics has clinched The Digital Insurer (TDI) European 2017 Startup Insurtech Award.

Aerobotics was yesterday one of four finalists selected to present in a technology showcase that saw the award winners selected through a live vote by conference attendees at an event held in London.

The other finalists include Shift Technology which has developed a fraud detection solution that uses artificial intelligence (AI), South African startup Nuva Law which has put together an inter-party negotiation and adjudication platform and CBien a digital inventory management platform for personal belongings.

While Aerobotics walked away with the award, another South African startup Nuva Law was one of the four finalists

To be nominated, an insuretech startup had to have a European footprint. Aerobotics currently has operations in the UK and works with several insurance companies including XL Catlin, Old Mutual, Munich Re and Swiss Re.

Aerobotics COO Andrew Burdock, who carried out the pitch on behalf of the startup, said clinching the award is significant. “It’s quite a big accolade, it is going to get us some good exposure in Europe,” he told Ventureburn.

As part of winning the award Aerobotics has been invited to attend The Digital Insurer Asia annual conference in Singapore which will be held in November.

Burdock said people from over 60 different countries took part in the live online voting which took place during a two and a half-day webinar on digital insurance hosted by TDI. Another award was also presented for the top European insurer in innovation.

The webinar included interactive panel discussion sessions by digital insurance experts in issues spanning from the Blockchain, digital distribution and the digital insurance customer.

Featured image: arbitragery via Flickr (CC 2.0 BY-SA, resized)