RemitRix
Actuarial and Risk Management Solutions for Insurers
Company Overview
Snapshot
Founded in November 2017 by Effi Mor, Leonid Pushkovsky, and David Engelmayer, RemitRix operates with 1–10 employees. The company has raised $773.89K across 5 funding rounds. In March 2019, RemitRix secured a grant from the Israel Innovation Authority.
Business overview
RemitRix develops advanced actuarial and risk management solutions for the insurance industry. The company's core technology leverages machine learning models to optimize balance sheet management and enhance risk assessment. RemitRix serves actuaries, CFOs, and risk managers within insurance companies, operating within the Fintech & Insurtech sector with products like RemitRix Horizon, RemitRix Edge, and RemitRix AccountX across geomarkets including the UK, Israel, and Southeast Asia.
Strategic signal
In October 2020, RemitRix announced the provision of a web-based SaaS application designed to help insurers optimize their balance sheet management under Solvency II and IFRS17. This signals the company's commitment to delivering practical, compliance-focused solutions that address critical regulatory and financial challenges faced by the insurance sector, indicating a strong product-market fit and potential for broader adoption among insurers seeking operational efficiencies.
Company Intelligence Q&A
- When was RemitRix founded and by whom?
- RemitRix was founded in November 2017 by co-founders Effi Mor, Leonid Pushkovsky, and David Engelmayer.
- What is RemitRix's primary focus?
- RemitRix focuses on providing actuarial and risk management solutions for insurers, utilizing advanced machine learning models for balance sheet optimization and risk management.
- Which markets does RemitRix serve?
- RemitRix serves geomarkets including France, Israel, Southeast Asia, the United Kingdom, India, and Eastern Europe.
- What was a significant product development for RemitRix?
- In October 2020, RemitRix began providing insurers with a web-based SaaS application to optimize their balance sheet management under Solvency II and IFRS17.
- Has RemitRix received any grants?
- In March 2019, RemitRix secured a grant of $60,000 from the Israel Innovation Authority.