Federato

Federato has developed a RiskOps platform specifically designed for property and casualty (P&C) and Specialty insurance sectors. This platform is tailored to align portfolio strategy with underwriting actions, significantly enhancing underwriting productivity, precision, and outcomes. By integrating Google Cloud’s AI capabilities, Federato delivers advanced AI underwriting solutions that support real-time risk selection guidance and improve portfolio risk management. The platform simplifies the underwriting process by reducing the number of tools and data sources required to price a risk from 14 to 1, thereby allowing underwriters to focus on high-value strategic tasks rather than mundane activities. Additionally, Federato serves over 200 agencies through its RiskOps Broker Portal, which facilitates quicker and simpler bond submissions. Recently, the company raised $25 million in Series B funding to further develop and expand its innovative solutions.