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Adapt Ready on the Cutting Edge of Risk Intelligence for Commercial Insurance

New York, May 3, 2022 — Adapt Ready announced today that the company won the coveted Zurich Innovation Championship. Zurich Insurance Group Ltd specifically cited Adapt Ready’s award-winning risk intelligence platform that provides insurers 360° risk insights in naming the technology company a winner in its 2022 Insurance Innovation Championship.

“We’re thrilled to be chosen out of thousands of contenders for this partnership. The accelerator will take our existing relationship with Zurich to the next level,” said Adapt Ready CEO Shruthi Rao. “This recognition comes at an opportune time as we enter a growth stage funding round. Be it a pandemic or climate change, it is crucial to address supply chain impacts; we look forward to working with Zurich on solving some of the biggest challenges for the industry.”

“The lack of data with context is the biggest hurdle in understanding supply chain risk,” says Adapt Ready CTO Sandeep Chandur. “Adapt Ready uses proprietary technology and comprehensive data about the global supply chain to identify companies and assets at the most significant risk from business interruption.”

“This is especially true when planning for climate change,” says Adapt Ready Advisor Chris Walker. “Modeling for the climate is only as good as the data underneath. Adapt Ready’s platform fills a huge knowledge gap in understanding the complexity to help with climate adaptation and measuring climate risks.”

“Investors who understand the real backbone of our technological advantages are aware that our intellectual property strategy, coupled with the complexity of the problems, creates solid entry barriers,” says Rao. “Similarly, insurers ready to adopt the latest tech can address these challenges and help close the coverage gap for Contingent Business Interruption by unlocking $63 billion in opportunities. Adapt Ready will equip them with best-in-class tools and insights.”

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US-based Adapt Ready’s ground-breaking risk intelligence software platform is designed for commercial insurers, brokers, and corporate clients. Our patent-pending technology optimizes external data and delivers insights that enable our clients to manage risk better and enhance their growth and profitability.

Press Release

For Immediate Release

Bengaluru, INDIA and New York, NY. 20th May 2021.

While our team in India is fortunate enough to work from home and remotely, not everyone has that kind of flexibility. COVID-19 cases continue to climb at an alarming rate across India – just this week, the country recorded the highest single known daily death toll.

As the cases rise, so do the searches for healthcare amenities. From basic ones to sophisticated ones, the populace has turned to social media for requests, responses, and suggestions. The majority of searches and requests are for the key resources which are becoming increasingly hard to find such as oxygen.

As a small but focused organization, with an expertise that lies in technology, and a prevalence for GIS (Geographical Information Systems) in particular, we decided to see if there was anything we could to help the situation in any way. By using our risk intelligence platform’s ability to capture data and apply machine learning, we have been able to create a COVID-19 resources tracker app.

With less than 1.3% of the population having a Twitter account and considering that at the time of distress it is not easy to scroll through tweets to find the most relevant information, we built this app so that people could access information about the latest available resources (be it oxygen cylinders, ICU beds, ventilators or remdesivir) from vendors closest to them, along with their contact details.

This is an app for social good, which we have made free to use and publicly available at https://covid19-irt.adaptready.com/ and the app data will be updated frequently.

We are seeking partnerships with government/NGOs and influencers to amplify the communication regarding the tracker – and welcome all to reach out to us for more information.

Please share this with your network and help spread the word, so we can collectively have an impact on fighting COVID-19 and rising to the growing challenge in our country.

Shruthi Rao, CEO of Adapt Ready said “What is happening in India is tragic. As a company, we seek to use our capabilities and add value in any which way we can wherever there is a need – whether it is helping societies, governments or people: all it takes is the will to do it.”

Links:

COVID-19 India Resource Tracker is here