Peak3 named as one of the World's Most Innovative Insurtech Companies

October 16, 2024

Peak3 named as one of the World's Most Innovative InsurTech Companies

Specialist research firm FinTech Global has released the latest edition of its influential InsurTech100 list for 2024, in which Peak3 is awarded one of the world's most innovative insurtechs. Peak3 is honoured to be recognised as a leading innovator in developing solutions to solve the critical challenges facing the insurance sector.

Our solutions, Graphene (modular SaaS insurance core system for life, health and P&C insurance) and Fusion (no/low-code insurance distribution and orchestration platform), are recognised for providing substantial benefits to insurers across three key areas:

1. Cost and complexity reduction: End-to-end automation capabilities across the value chain for P&C, health and life insurance, driving efficiency, architecture simplification and seamless AI integrations.

2. Innovation and new business growth: Faster speed-to-market to launch and iterate new insurance propositions through no/low-code configurations.

3. Higher resilience and performance: High availability, auto-scaling, DevSecOps and more to ensure market leading security, performance and reliability.

A complete list of the InsurTech100 for 2024, along with Peak3’s publication, can be found in the report here.

InsurTech100 recognise the next generation of solution providers

The InsurTech100 is an annual list compiled by FinTech Global, showcasing 100 of the world’s most innovative InsurTech companies, selected by a panel of seasoned analysts and industry veterans.

Inclusion in this list signifies that a company has demonstrated exceptional potential and creativity in leveraging technology to address real-world insurance challenges. The criteria for selection include the company’s ability to utilize technology to tackle significant industry obstacles and enhance efficiency throughout the insurance value chain.

The Digital Opportunist archetype refers to insurers that have recently embarked on their digital journey. This may include insurers that are interested in expanding their digital footprint, are mindful of staying current with the digital trends, and may have initiated small tactical plays.

However, they retain some level of scepticism of the potential of digital or the need for digital transformation. For this reason, they have not allocated substantial resources towards these efforts.

“ The InsurTech100 is a vital resource for industry leaders looking to stay ahead of the curve. The companies that have worked their way onto the list are driving real innovation and providing the tools insurers need to navigate the complexities of digital transformation in this dynamic marketplace."

Richard Sachar, CEO FinTech Global

“ The InsurTech100 is a vital resource for industry leaders looking to stay ahead of the curve. The companies that have worked their way onto the list are driving real innovation and providing the tools insurers need to navigate the complexities of digital transformation in this dynamic marketplace."

Richard Sachar, CEO FinTech Global

Despite recent challenges in the macroeconomic and funding environment, the InsurTech industry continues to show resilience, recording strong year-on-year growth. With over 2,100 nominations, Peak3 being named among the best is a testament to our commitment to excellence in cloud-native SaaS technology, data, and AI capabilities—creating solutions that empower our clients while enhancing the customer experience.