Onesurance

Onesurance, founded in 2022, is an AI-driven data science company targeting the insurance sector in Europe. The company was established by Jack Vos, an insurance industry veteran, and Dennie van den Biggelaar, an experienced data scientist and AI engineer, to address operational inefficiencies within the market. Their combined expertise forms the foundation of the company's strategy: merging deep industry knowledge with advanced technological capabilities to empower insurance professionals. Based in Breda, the Netherlands, Onesurance is part of the Cronos Groep, a large IT services provider, which supports its growth and innovation.

The firm's core offering is the Onesurance AI Engine, a modular platform delivered as a Predictions-as-a-Service (PrAAS) model. This engine integrates with clients' existing back-office systems to deliver predictive analytics and actionable insights. The business model is centered on providing these tailored AI modules to solve specific challenges for insurers, brokers, intermediaries, and M&A consultants. The platform addresses key industry pressures, such as a shortage of qualified advisors coupled with an increasing number of clients due to market consolidation. By leveraging machine learning, the engine provides services like churn prediction, AI-assisted underwriting for business risks, cross-selling and up-selling potential, and portfolio valuation for mergers and acquisitions.

The AI Engine is designed for rapid implementation, aiming to deliver value quickly without requiring significant IT resources from the client. For its clients—which include brokers, carriers, and M&A firms—the platform offers distinct benefits. Brokers and intermediaries can use it to increase commission revenue and reduce customer cancellations. Carriers can improve their straight-through processing (STP) acceptance rates and optimize distribution channels. M&A consultants are equipped with tools for comprehensive portfolio analysis and risk prediction. In October 2024, Onesurance announced it had raised an undisclosed amount in a seed funding round led by Curiosity VC, with participation from Smarter Ventures and a strategic angel investor, to fuel its expansion across Europe and into the US.

Keywords: Insurtech, AI in insurance, predictive analytics, data science, Predictions as a Service, PrAAS, churn prediction, insurance analytics, risk assessment, M&A tooling, customer retention, underwriting automation, Jack Vos, Dennie van den Biggelaar, Cronos Groep, Curiosity VC, policy management, insurance brokers, insurance carriers, portfolio analysis