K2G
K2G is a small insurance technology company founded in 2017, specializing in innovative AI-driven solutions for motor insurance. Headquartered in Baar, Zug, Switzerland, K2G focuses on risk prediction, loss ratio reduction, and business growth for insurance companies across Europe and beyond.
Company Overview
K2G is a small business operating in the insurance industry, founded in 2017. With a team size of 35, the company specializes in providing innovative solutions for motor insurance companies. K2G focuses on reducing loss ratios, claim frequency, and driving business growth through advanced technology and data analysis.
Specialties
K2G has developed expertise in various areas within the insurance sector. Its specialties include motor insurance, road risk, accident probability, and risk prediction. The company employs AI-based methods, data science, and actuarial techniques to optimize tariffs and enhance underwriting processes. K2G also offers tailored solutions for portfolio analysis and insurtech innovations.
Technology and Solutions
K2G utilizes Geographic Information System (GIS) technology to improve data analysis and risk prediction. The company employs a patented K2G Model Ensemble method for stable neural models and provides a BOX Solution for AI Portfolio Management tools. K2G's offerings include AI Portfolio Analysis, LTV Instant prediction, and Road Risk Reports, which leverage anonymized policy data for effective risk management.
Achievements and Impact
K2G has analyzed over 30,000,000 policies and achieved significant results, including up to a 6% decrease in loss ratios and a 9% decrease in claim frequency. The company has expanded its AI-driven risk prediction services into Estonia and operates across 19 countries, demonstrating sustainable results and an average ROI of 1,500% for its customers.
Certifications and Partnerships
K2G is ISO 27001 certified for information security management, ensuring compliance with high standards in data protection. The company collaborates with pricing teams to achieve risk-adjusted pricing and partners with Fadata to enhance AI modeling for pricing strategies. K2G's multidisciplinary team includes data scientists and engineers, with 20% holding PhDs.