RemitRix

RemitRix

RemitRix is a SaaS cloud-based platform, harnessing the power of advanced Machine Learning algorithms, to recalculate insurers risk factors and optimise their overall Solvency Capital Requirement costs. RemitRix solutions comply with Solvency II provisions.

RemitRix
Shaom 8 Street
Ramat Gan
Israel

+ 44 (0) 203 608 3987
www.remitrix.com

Key Contacts:

Effi Mor, CEO - effi.mor@remitrix.com
David Engelmayer, Chief Actuary - david@remitrix.com
Leonid Pushkovsky, CTO - leonid@remitrix.com


Company profile:

In recent years, Machine Learning (ML) based algorithms have become popular in almost every industry, providing more accurate solutions to various problems, be it customers’ churn predictions, users’ segmentation or risk assessments. Whilst there are several reasons for this recent embracement of ML, the main reason must be that it simply works! The combination of the company’s own data and profound domain knowledge, with great computational power and years of research, enables the ML algorithms to give a tailor maid solution to almost any business question presented to the machine.

The insurance industry holds massive amounts of data which are not fully utilised to assess the actuarial risks. Accurately estimating the probability of each risk factor to occur, in each sub population or region, enables the insurance company to better estimate the risk it is exposed to, and to better allocate its funds and capital.

Technology/Services:

Actuarial and financial risk management
Data and analytics
Pricing
Automation
Machine learning/AI
Risk/Compliance

At RemitRix, we aim to bring ML tools to the insurance world, and particularly to risk factors predictions. Accurately estimating the probability of each risk factor to occur, in each sub population or region, enables the insurance company to better estimate the risk it is exposed to, and to better allocate its funds and capital.

Operations/Regions:

UK
Middle East

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