Turnover: EUR ()
Country: France
Raising $1.4 million in 2014, $10 million in 2016, then $28 million in 2017, Shift Technology is one of France's most promising young firms. The start-up specializes in a very specific segment of the market, but one that is highly promising given the strong demand for its services. It offers a SaaS solution for insurance companies, enabling them to detect fraudulent declarations and thus combat insurance fraud.
The company has already established itself as a leader, since its artificial intelligence tool, used by 45 insurers worldwide, has made it possible to secure 400 million declarations of various kinds.
News
Shift Technology, the digital companion for insurers. 21/08/2021
- Created in 2014 and operational since 2015, Shift Technology markets its products to around 100 customers worldwide, with its artificial intelligence-based technologies.
- It raised $220 million last May, which gave it unicorn status.
- Its 2020 objectives are to reach 100,000 customers and 500 million euros in written premiums.
- In 2020, nearly $660 billion in premiums will have been collected across the Atlantic.
- China, which is obviously a golden market for Shift due to its size, boasts two insurance giants that are highly advanced in terms of technology, even if they are less well known than the likes of Tencent, Alibaba and Alipay.
- Shift has 218 million policyholders.
- It is currently setting up an artificial intelligence center dedicated to insurance in France, which will employ over 300 data scientists within two years.
- 30 foreign employees recently hired
Studies mentioning this company
The cybersecurity market - France
Other companies mentioned:
- Cyberark
- Airbus Cybersecurity
- Thales
- Akerva
- Amossys
- Git Guardian
- Alten
- Atos Eviden
- Docaposte
- Orange Cyberdefense OCD
- CS Group
- Shift Technology
- Anozr Way
- Chapsvision
- Palantir
- Sekoia io
- Forward ( ex Avisa Partners)
- Pr0ph3cy Neverhack
- OverSoc
- I-TRACING
- Cisco
- Devensys Cybersecurity
- Harfanglab
- Berger Levrault
- Secure IC
- Nano Corp
- Palo Alto Networks
- Squad Cybersécurité
- Filigran
- Vade Secure
- Tyrex Cyber Kub
- Seclab Cyberdecurity
- GAC Scalian
- Darktrace
- Tehtris
The insurance brokerage market - France
Other companies mentioned:
- Gras Savoye Willis Tower Watson France
- Verspieren
- SPB
- Assurpeople
- Indexia Group - ex SFAM
- April group
- Henner Groupe
- Entoria
- Alptis
- Acheel
- Just
- Wakam
- Diot Siaci
- Premium Groupe
- Saretec Groupe
- Verlingue
- Vilavi Groupe (ex Assu 2000)
- Fibus (ex Chateaudun Credit)
- Prevoir Groupe
- Adelaide Assurance
- Antinea Courtage
- Artemis Courtage
- Abeille Assurance (Aéma groupe)
- Descartes Underwriting Insurance
- Shift Technology
- Satec Groupe
- Roole
- Alexis Assurances
- Wefox
- SPB Groupe - AVI
- Continuity Assurance
- SL. Travaux Conseils