Artificial intelligence-based insurance startup Vesttoo has joined NVIDIA Inception, a program designed to nurture companies revolutionizing industries with advancements in AI and data sciences, the company announced Thursday.
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Vesttoo's AI-based risk modeling technology creates accurate and objective risk models which are used to structure, price and place alternative reinsurance deals.
NVIDIA Inception will allow Vesttoo to further develop its independent, proprietary technologies in order to support its growing global pipeline and insurance-linked program (ILP), Vesttoo's security-based investment portfolio. The program will offer Vesttoo technological support, access to an extensive network, and the opportunity to collaborate with industry-leading experts and other AI-driven organizations.
"We are thrilled to be part of NVIDIA Inception and join a network of market leaders that are reshaping entire industries. We look forward to collaborating with NVIDIA and taking advantage of their in-depth knowledge in AI and machine learning to further grow our ILP program," said Vesttoo CEO Yaniv Bertele.
