Jooycar is recognized as one of the World’s Most Innovative Insurtech Companies 2022

Specialist research firm FinTech Global has launched the fifth edition of its prestigious InsurTech100 list for 2022. The ranking recognizes the innovators and pioneers providing solutions to address the most pressing challenges faced by the insurance industry.

“Building a disruptive and innovative insurtech is only achieved through the work of an entire professional team. I am very proud of all the Jooycarians. This recognition demonstrates the great work our talents have done throughout the year—driving the development of new products, challenging the status quo of an industry, and always seeking to go further with creating new technologies that impact people’s lives. This award is for them.” Rodrigo Labbé – Jooycar’s Corporate CEO.

The insurance industry has undergone dramatic changes in recent years driven by increased use of digital channels and shifting customer expectations.  InsurTech (insurance technology) companies have been at the forefront of tackling those challenges with the sector predicted to grow at a CAGR of 46%, to reach a market size of $114bn by 2030.

As such, the process to identify the 100 InsurTech innovation leaders this year was more competitive than ever. A panel of analysts and industry experts voted from a long list of over 1,800 companies produced by FinTech Global. The finalists were recognized for their innovative use of technology to solve a significant industry problem, or to generate efficiency improvements across the insurance value chain.

FinTech Global director Richard Sachar said, “Faced with seismic shifts in consumer behavior, the so-called “race to digitalize” and challenging market conditions, insurers have their work cut out for them. The InsurTech100 lists helps senior insurance executives in the industry filter through the noise in the market by highlighting the tech companies transforming sectors such as underwriting, embedded insurance, pricing, distribution, and data & analytics.”

Jooycar is one of the fastest-growing automobile InsurTechs and one of the first InsurTech companies to operate simultaneously personal and commercial lines successfully. Jooycar’s ecosystem powered by telematics offers vehicle and small fleet owners better insurance coverage, lower maintenance, and discounted access to parts while enhancing safety by helping individuals improve their driving behavior.

Jooycar captures telematics IoT data from connected vehicles streaming it in real-time into the Cloud and transforming data into value for insurance companies, fleet owners & drivers. Jooycar’s B2B UBI (usage-based insurance) & Connected Car Services SaaS Platform provides “Pay how you drive” and “Pay as you drive” products, providing access to connected vehicle experiences for end-users and plug & play SAAS platform to insurance companies. In addition, Jooycar’s technology provides a superior experience to end-users”.

A full list of the InsurTech100 for 2022, is available to download for free at www.TheInsurTech100.com.