Continuity offers an AI-powered risk detection platform that helps commercial insurers streamline underwriting from portfolio entry through the contract lifecycle. The platform provides actionable insights aimed at enhancing profitability and saving time for underwriters. Continuity serves professional and commercial insurers and is used by partner companies to improve risk assessment during underwriting and long-term risk monitoring. The company is led by CEO Benoît Pastorelli. Continuity raised capital to support expansion of its operations and further product development. Partner insurers named in the article include AXA, Crédit Agricole, Entoria, Groupama, MACIF, IME, Sada Assurances, Wakam, and Hiscox. Continuity provides a SaaS platform that combines Open Data and AI to detect insurance contracts that are outdated or invalid across multiple SME product lines. The platform uses entity matching, geo-coding and data reconciliation algorithms to deliver more than 100 risk insights for each SME client, giving insurers a 360-degree view of portfolios. It currently covers four product lines including Professional Indemnity, Commercial Property, Construction Workers Insurance, and Directors & Officers Liability. Continuity has processed more than 500,000 contracts representing over €1.5bn in insured value, helping generate several million euros in additional premiums and enabling early identification of risks to preempt large claims. With the new funding the company plans to build an AI assistant for underwriters, expand its portfolio-scan solution into Agriculture and Fleet, and introduce an offering for specialist brokers and MGAs. The company also plans to recruit 30 additional team members to support these product and market expansions.

Total raised

$16M

Funding rounds

2

Latest round

Series A

Latest activity

Jun 2024