Trip Swell Inc. is the winner of the AIG Canada Innovation Challenge. Jauntin’, Trip Swell’s mobile artificial intelligence platform, allows for on-demand, usage-based travel insurance coverage. The AI engine continuously collects and analyzes incoming data to better predict future risk, said AIG in an announcement Feb. 8.
The purpose of AIG Canada’s Innovation Challenge is to bring the insurer closer to “Canada’s rich ecosystem of technology entrepreneurs to improve the way AIG serves its 30,000 customers in Canada,” says the insurer.
“Innovation is very much in our DNA.”
The Challenge, positioned as a crowdsourcing opportunity, attracted submissions from 87 Canadian tech start-ups. “Innovation is very much in our DNA at AIG,” said Marc Lipman, Chief Operating Officer of AIG Canada. “We are highly focused on technology and emerging business models and solutions for the benefit of our clients and our employees. Of particular interest is the Internet of Things and how the extraordinary acceleration of connected devices has enabled us to help our customers identify where risks intersect.”
On its website, Trip Swell says “Jauntin’ makes it easier for policyholders to obtain travel insurance, enhance their existing policies or submit claims in real-time.” The platform enables insurers to learn when policyholders leave and return, where they go, their travel habits and more, says the Trip Swell site.