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A insurtech montreal joined an incubator in Toronto

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March 8, 2018 13:30

Xavier Freeman and Fellipe Monteiro, co-founder of Allset.

Allset, a insurtech montreal who wants to be a broker, fully digital, has been selected to be part of the program NextAI of the toronto-based firm NEXT Canada. The user must take a picture of his driving license and submit it on the website of Allset. The firm finds the best three offers according to the needs of the consumer by using the artificial intelligence.

In addition to Allset, the program has selected 17 other startups from different industries to get an initial funding of $ 50,000 with a possibility of reaching $ 150,000 for the best performing teams. The selected firms will wish to all to disrupt the traditional industry in which they are located.

Access to several resources

The participating companies have access to training given by experts in artificial intelligence, the resources of partners such as IBM, Google and Microsoft, access to specialists of their industry and legal resources to assist with the intellectual property, among others. The program runs from February to September 2018.

«We are excited to start this adventure to bring Allset to the next level, is the launch of the market. We work hard to offer our customers the best experience when buying insurance online through recommendations generated by a computer. To have access to mentors from companies in our industry, and scientists is a unique opportunity for us «, underlines Xavier Freeman, co-founder of Allset.

Revolutionize the insurance industry

«The insurance industry is very traditional, which has not been able to adapt to the requirements of the milléniaux and generation X. As a Tangerine, which has splashed the banking industry, I am of the opinion that Allset can do the same in the insurance industry «, adds Sergio A. Escobar, director of the Founder Institute in Montreal.

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