Virtual-i

AI and machine learning platform for objective, data-driven risk assessment in commercial insurance underwriting.

Underwriting & Risk Startup Seed

Overview

Virtual i Technologies is an underwriting and risk assessment platform for carriers, reinsurers, and brokers operating in commercial and specialty insurance. Founded in 2018 and headquartered in Zurich, the company focuses on replacing subjective underwriting judgment with patented AI and machine learning models that score and report on risk in real time.

The company's core product, Virtual Risk Space (VRS), is a cloud-hosted SaaS platform that generates standardized risk reports for commercial insurance portfolios. The platform uses proprietary ML algorithms to produce objective risk scores, reducing reliance on individual underwriter bias and improving consistency across large books of business.

Virtual i raised USD 2.95M in seed funding from investors including Morgan Stanley Inclusive Ventures Lab, APY Ventures, and Falcon Network, with additional backing from the FinTech Hive Accelerator. In 2022, the company was recognized as Most Innovative Insurtech Company at the Ethical Finance Awards by Wealth & Finance International.

Products & Services

Virtual Risk Space (VRS)

An AI and machine learning platform that generates objective risk scores and standardized risk reports for commercial insurance underwriting. The platform processes risk data through patented ML models to deliver real-time assessments that reduce human bias and improve underwriting consistency.