Ideon Blog
October 29, 2019
By: Ideon
Vericred Named to InsurTech100 for Second Consecutive Year
**Ideon is the company formerly known as Vericred. Vericred began operating as Ideon on May 18, 2022.**
On Oct. 24, Vericred was recognized as an InsurTech100 company for the second consecutive year. The annual list, compiled by specialist research firm FinTech Global and a panel of industry experts, named Vericred among the world’s leading technology companies driving digital transformation, cost savings and greater efficiency in the insurance industry.
“Vericred’s inclusion in the InsurTech100 is a powerful testament to the value we deliver both to insurance carriers and tech companies — online insurance marketplaces, quoting systems and BenAdmin and HR platforms,” said Michael Levin, Vericred’s co-founder and CEO. “The digital revolution has reached all corners of the health insurance and employee benefits space. This accolade validates our central role as a facilitator of innovation throughout the industry’s ecosystem of carriers, brokers, InsurTech platforms, employers, and other stakeholders.”
This year’s InsurTech100 companies were analyzed on a range of criteria:
- Industry significance of the problem being solved
- Growth, in terms of capital raised, revenue, customer traction
- Innovation of technology solution
- Potential cost savings, efficiency improvement, impact on the value chain and/or revenue enhancements generated for clients
- The importance of insurance executives knowing about the company.
“It is imperative that established insurance companies become aware of the latest innovations in the industry in order to be able to compete today in a market that is heavily focused on digital distribution,” Richard Sachar, director of FinTech Global, said in a press release. “The InsurTech100 list helps them do just that and to identify new business models which will have lasting impact on the industry.”
Vericred is building digital infrastructure for the distribution and fulfillment of health insurance and employee benefits. The Vericred Platform serves as a data translation layer between insurance carriers and technology companies that are transforming the way health insurance and employee benefits are quoted, sold, enrolled and managed. Vericred offers robust solutions for technology companies focused on the employer market, as well as the under 65 individual, Medicaid and Medicare markets.
For more information about Vericred’s data solutions, please contact sales@vericred.com.
