Fintech Breakthrough, an independent organisation that has been officially recognising success on the part of products, companies and individuals in the fintech arena since 2016, has named its 2019 Fintech Breakthrough Awards winners. The awards include an insurtech category, in which US-based online insurance marketplace Policygenius came in at number one, winning the accolade of Best Insurtech Company.
Over 3,500 nominations were received for this year’s awards, from all over the world; these were nominated by an independent panel, with winners chosen based on various criteria, including levels of innovation and technological advancement.
Policygenius was founded in 2014 by Jennifer Fitzgerald and Francois de Lame, who analysed various ‘pain points’ cropping up in traditional insurance models and tried to develop a solution, ‘an online experience that educates consumers on an intimidating topic and the technology that makes the process of comparing and buying insurance easy’, Fitzgerald explained. “We are honoured to be recognised as the best insurtech company and a leader in this space.”
Also honoured in this year’s awards were Root Insurance Co, which won Best Insurtech Solution, Ladder, which won the Insurtech Innovation Award, Marqeta (Best Fintech Startup), Twine (Best Overall Fintech Mobile App), Kasisto (Best Use of AI in Fintech), and Finastra (Best Use of Blockchain in Fintech).