Virtual i Technologies

Remote risk inspection and underwriting platform for commercial insurance

Underwriting & Risk Startup Seed

Overview

Virtual i Technologies is a cloud-based risk inspection and underwriting platform for commercial insurance, serving carriers, brokers, and reinsurers across North America, Europe, the Middle East and Africa, and Asia-Pacific. The company was founded in Zurich in 2018 by Veysel Sinan Geylani, a former chief underwriting officer, to address the challenge of conducting timely and cost-effective risk assessments in remote or high-risk markets.

The core product, Virtual Risk Space (VRS), is a browser-based SaaS platform that enables remote risk inspections via live video, AI-driven risk scoring, and real-time report generation -- without requiring software integration or on-site travel. The platform connects brokers, insurers, reinsurers, and risk engineers in a single workflow, supporting commercial property, construction, manufacturing, marine, and energy verticals. Customizable inspection forms and an AI risk correlation engine allow insurers to move from intuition-based decisions to data-driven underwriting.

The company has facilitated over 10,000 inspections globally and reported 464% growth in inspection volume in 2021. It has raised USD 3.4M across seed and pre-Series A rounds, with investors including Morgan Stanley Multicultural Innovation Lab, Emles Venture Partners, and Falcon Network. Virtual i Technologies operates with offices in Zurich, Dubai, and dedicated teams in the USA, Singapore, and Africa.

Products & Services

Virtual Risk Space (VRS)

Virtual Risk Space is a cloud-based platform for remote risk inspection, underwriting support, and claims handling in commercial insurance. It provides objective, AI-scored risk assessments via live video sessions and generates inspection reports in real time.

Key Features

Live video connection for remote risk inspections without travel
One-click invitation to counterparties via email or SMS
AI risk correlation engine for improved risk scoring and reduced loss ratios
Customizable inspection forms and scoring tailored to each insurer
Browser-based access with no integration required (works on Google Chrome and other modern browsers)
Real-time report generation for underwriting decision support

Target Users: Insurers, reinsurers, brokers, and risk engineers in commercial insurance

Risk Engineering Network

The platform connects insurers and brokers with a global network of risk engineers to conduct virtual inspections and provide loss prevention advisory services, eliminating the need for on-site travel. Business owners and SMEs can access risk engineering and loss prevention services that are typically cost-prohibitive.

Target Users: Insurers, MGAs, and business owners seeking pre-underwriting risk assessment

At a Glance

Founded: 2018
Headquarters: Zurich, Switzerland
Employees: 11-50
Funding: Seed

Category & Focus

Category: Underwriting & Risk
Subcategories: Remote Risk Inspection Underwriting Support Claims Handling
Insurance Verticals: P&C Commercial Reinsurance Specialty/E&S
Target Customers: Carriers, Brokers, Reinsurers

Customers

Helmet Broker -- expanded domestic and international customer reach using VRS for commercial risk management

Similar Companies

Last updated: 2026-06-19