At RIMS 2019 Annual Conference Exhibition, Pillar Technologies was announced as the winner of the inaugural RIMS Tech, the Insurtech Competition. Pillar Technologies competed against five other up-and-coming insurance technologies presented by the following exhibitors: Aclaimant, Chronwell, Cybernance, Maptycs and TrustLayer.
Led by CEO Alex Schwarzkopf, the Pillar Technologies team presented its award-winning solution that delivers real-time data regarding eight different environmental metrics for construction site managers. The team demonstrated its “pod” technology to an expert panel of risk professionals hosted by Audrey Rampinelli, CEO and co-founder of OnRamp Risk LLC.
“We recognized that the technologies available to organizations that keep people and property safe were lagging,” said Mr. Schwarzkopf. “Our sensors act like a nervous system for a site and are allowing businesses to reduce losses and improve safety on jobs all across the country. Winning RIMS inaugural Insurtech competition is an honor and we look forward to being a part of next year’s conference in Denver.”
“Each company that took part in this year’s Risk Tech, the Insurtech Competition were outstanding and reinforced the undeniable impact technology is having on the risk management and insurance professions,” said Ms. Rampinelli. “Congratulations and thank you to Pillar Technologies and all of our contestants for participating in this fun yet extremely informative event.”
“As we speak to risk professionals around the world, there is great interest in new technologies, their impact on organizations and their ability to enhance risk management capabilities,” said RIMS CEO Mary Roth. “Insurtech will remain a key focus area for RIMS as the Society explores resources, content and tools that enable our members to effectively leverage these new technologies. We cannot express enough how grateful we are to this year’s participants for sharing their solutions with our attendees.”
The judging panel for the inaugural competition included:
· Barry Dillard; Director, Risk Strategies, Insurance and Compliance; Walt Disney World® Resorts
· Alan Gier; Global Director, Corporate Risk Management & Insurance; General Motors Company
· Anja Rittling; Risk Manager; Ocean Spray Cranberries, Inc.
· Lori Seidenberg, ARM; Global Director Real Assets Insurance; BlackRock
· Liz Walker; Director, Enterprise Risk & Global Insurance; Groupon
Companies interested in having a presence in the RIMS 2020 Start-Up Stadium or competing in the RIMS Tech, the Insurtech Competition should contact, Matt Whyte at mwhyte@RIMS.org.