Are you an insurance executive looking to stay ahead of the curve? Look no further than Swiss startups for inspiration. From agritech to medtech, these innovative companies are using advanced technology to reshape industries and drive transformative change. In this post, we’ll highlight some of the most exciting startups and their award-winning solutions.

Ecorobotix: Precision Spraying Solutions for Sustainable Agriculture

Ecorobotix, an agritech startup, was recently awarded the 2024 Avantgarde Award by the Swiss-American Chamber of Commerce (Swiss AmCham) Southern California. Their precision spraying solutions for crop management impressed the jury, with up to 95% less chemical usage compared to traditional methods. Their flagship product, the ARA sprayer, utilizes advanced AI and six RGB cameras to target individual plants, promoting sustainable farming practices and compliance with environmental regulations. With the ability to treat up to 4 hectares per hour, the ARA enhances farm efficiency and profitability.

Calvin Risk: AI Governance for Enterprises

Calvin Risk, an ETH spinoff, was awarded “InsurTech of the Year” at the Swiss InsurTech Hub’s Summit and Awards ceremony. Their platform uses adaptive assessments and continuous monitoring to provide a real-time overview of a company’s entire AI portfolio, predicting potential risks and their associated value-at-risk. With two core capabilities - governance digitization for internal directives and risk evaluations, and automated AI testing between development and deployment - Calvin Risk addresses the growing risks and efficiency gaps facing AI models in enterprises.

Mynerva: Wearable Device for Diabetic Neuropathy

Mynerva, a Zurich-based medtech startup, took home two award prizes at the first edition of the Swiss Italian Startup Award. Their wearable device for people with diabetic neuropathy helps reduce chronic pain and restore the sense of touch through non-invasive electrical nerve stimulation driven by AI algorithms. By capturing information from foot-ground interaction and converting it into electrical impulses delivered to healthy nerves on the ankle, Mynerva improves gait biomechanics and reduces fall risk.

Tinamu Labs: Automated Commodity Inspection

Tinamu Labs, the provider of an environment-independent, automated way for commodity inspection in warehouses, won the first Commodities Technology Innovation Award co-created by Ampersand World and the business magazine Bilan. Their software stack allows drones to navigate autonomously in unknown terrain, using computer vision/SLAM. To capture accurate data on bulk material inventories, they also use photogrammetry to create a digital/point cloud-to-point jum and then visualize accurate inventory data on its online dashboard tool. Customers appreciate the simplicity and reliability of this new data source, which improves logistics planning and production.

These startups demonstrate the power of advanced technology to drive transformative change in industries. As an insurance executive, you can learn from their innovative solutions and apply them to your own business. At Riskwolf, we enable insurers to build and operate parametric insurance at scale using unique real-time data and dynamic risk modelling. Contact us to learn more about how we can help you turn real-time data into insurance.

Source: Prizes for all kinds of innovations