Wenalyze will represent EMEA at Zurich Innovation Championship 2020
Wenalyze will analyze the business continuity in the post-COVID scenario for exclusive insurance agencies in Spain, with the aim of having a detailed and individualized perspective of the business survival probabilities in the post-Covid scenario.
The European Commission has begun to make progress in the areas of analysis, data and ethics, and wants to prevent the development of these technologies from taking us down undesirable paths. At Wenalyze we have always been concerned about this and we have taken it into account in every project.
This index uses a standardised rating scale to classify each and every one of the more than 3 million SMEs in Spain, segmenting them by the possibility of business continuity, their strengths and weaknesses and analysing how they have or have not evolved to adapt to this new adverse environment
This is how insurers and public institutions can predict COVID-19 economic impact on small and medium-sized businesses
Emily Flitter for The New York Times published a month ago that many businesses were struggling to stay afloat while waiting for Congress to decide how to deliver these loans (https://www.nytimes.com/2020/04/16/business/coronavirus-sba-loans-out-of-money.html). Lack of time and manual processes are two factors that are having a negative impact on the outcome and timing of these decisions. The problem is clear: the longer businesses have to wait, the greater the chances that they will close. All companies are exploring what capabilities they have to help beat COVID-19 and its negative impact on society and the economy. At Wenalyze, we have found that there is a way where open data can be useful in identifying which businesses are stronger and weaker when facing the economic impact of COVID-19.
Wenalyze will present its solutions aimed at preventing the effects on companies of pandemics such as COVID-19
El Diario ABC, echoed the startups like Wenalyze and emerging companies that have focused all their efforts to address the COVID19 both socially and economically, providing innovation and service to SMEs, insurance companies and financial institutions that require it.
Wenalyze has developed an algorithm that allows to identify if a company is a family business, just by entering the tax number, regardless of its size and turnover.
Wenalyze has participated this weekend in the EuvsVirus event, a pan-European Hackathon organized by the European Commission and led by the European Innovation Council, which aimed at developing innovative solutions to the challenges posed by the covid-19 pandemic.
The Ministry of Science and Innovation has awarded us the seal of innovative SME to Wenalyze, after having accredited before this organism the capacity of innovation.
Insurance companies have in their hands the possibility of knowing the reality of the risks of all the SMEs in Spain. They also have the capacity to segment them and know which ones will emerge strengthened from this crisis.
Wenalyze and the subscription agency CGPA EUROPE UNDERWRITING, SL have signed a collaboration agreement whereby the Spanish startup and the subscription agency based in Valencia will develop joint projects based on Wenalyze's technology.
Wenalyze consists of the development of an analytical platform of big data and automatic learning for the organisation of an early warning system, risk assessment of the impact of COVID19 and other pandemics on SMEs.
Wenalyze has been selected by InsurTech NY to take part in the competition's final to be held as part of their annual spring conference, which will take place in New York on 19th March.
This Tuesday 18th February, we are presenting our Wenalyze platform and business model to investors from all over the world at the WBAF 2020 Istanbul World Congress, the largest annual gathering of early-stage investors with more than 1,500 representatives from all over the world.
The legacy data that the insurance companies have, they don't go anywhere. It would be much better for insurers to adopt a data management mentality, looking forward rather than backward. And the best way to do that is also the simplest way: start over.
At Wenalyze we have created a new tool to "make" Dirty Data, and put a solution to the data problem, based on three simple steps: review, enrichment and automation.
Wenalyze is once again recognised for its innovative business model after winning the Spanish phase of the Zurich Innovation Championship 2020, on the Spanish Super Day held on 22nd January in Barcelona.