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OTONOMI is a B2B SaaS insurance solution. We drive efficiencies in operations via claim automation.

Fintech is the word used to name the integration of technology into offerings by financial services companies. 2021 is a great year for the fintech startups fundraising. As investments in Fintechs are breaking records, the insurance sector is soaring.

InsurTech has become a powerful force of change in the insurance industry, and the world’s interest for startups in this industry is growing. A few examples: Online insurance provider Next Insurance Inc. raised $250 million, cyber-focused Coalition Inc. raised $175 million, and Berlin-based digital insurance company Wefox raised $650 million.

Let’s see some numbers!

Fundraising in fintech is rising

According to TechCrunch, there have never been…

1. Who are you?

My name is Jeremy Sutton, I’m CTO and co-founder of OTONOMI.

A brief history: I was born and raised in Pittsburgh, PA, though I spent years of my childhood overseas in both Taiwan and England. I think those years abroad, implanted in diverse cultures, instilled in me different and contrasting perspectives.

After graduating with a BS in Computer Engineering from Pitt, I moved to Boston to grow my software career in one of the biggest tech hubs in the country. …

The pandemic effect: demand for e-commerce has dramatically increased and global trade has gained strong footholds, propelled pent-up revenue for the air freight market, now poised to take off to new highs in the future.

What is Air Cargo Freight?

Air freight delivery is the industry of transfer and shipment of goods via an air carrier (charter or commercial). Such shipments travel out of commercial and passenger aviation gateways. Air cargo is a very interesting option for coordinating time sensitive shipments to almost anywhere in the world. A small or midsize company is now allowed to participate in international trade in a very effective manner…

OTONOMI is pleased to announce that we have integrated market-leading decentralized oracle solution Chainlink to bring real-world data to our B2B SaaS parametric insurance solution. OTONOMI will use Chainlink’s ability to aggregate data from premium data providers and deliver it to our platform in a highly available and tamper-proof manner to automate insurance claims processes. The result of the integration will be a reduction in contract settlement times, decreases in operating costs, and the creation of a more transparent and reliable insurance experience for all.

Currently, Chainlink is securely delivering flight data and arrival/landing times from multiple high-quality data sources…

1. Who are you?

Hey there, I am Yann Barbarroux. CEO and co-founder of OTONOMI, an insurtech focused on transforming the transportation and cargo insurance industry.

I was born and raised in Marseille (France), went to grad school (graduated from a MS in Computer Engineer) in Paris, found my first job in Wall Street back in 2003, and never left NY :)

I am based in Greenpoint, one of the most vibrant areas in Brooklyn, and summer is looking shiny and fun from my vantage point!

2. Describe yourself with 4 words?

Curious. Creative. Sarcastic. Gritty.

3. How did you…

What is an NFT?

A non-fungible token (NFT) is a bit of data stored on a distributed ledger, called a blockchain, that certifies the authenticity of a digital asset. An NFTs can be used to represent items such as photos, videos, audio, and different types of digital files. The big difference with other blockchain-based assets such as Bitcoin, Ether, and other stablecoins is that they are all unique and non-interchangeable.

One of the pioneers of the NFT world in Europe is Frederic Montagnon, Executive Chairman at Arianee, the digital platform using NFTs for all valuables.

“What’s happened over the past 25 years is that…

Business interruption insurance is a coverage that replaces business income lost in a disaster. The event could be, for example, a fire or a natural disaster. Business interruption insurance is not sold as a separate policy but is either added to a property/casualty policy or included in a comprehensive package policy as an add-on or rider.

For example, if a tree falls on your building or your office and you cannot work as you need to shut down the location for repairs, this policy can help cover the costs of your lost income. If you own a store, and a…

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Most of the insurance companies are offering travel insurance now. But many clients have issues with their payment when their flight is delayed or cancelled. According to some experts, Airlines might soon reinstate change fees on their lowest fares. This cost will probably push customers to buy more travel insurance to cover any potential delays and get a refund. With more customers flying as COVID is slowly being controlled, the number of travelers might create more delays. How can you get refunded faster?

Flights can be delayed, but payments by your insurance companies too.

We know that operating a flight is a challenge mostly because of the different people involved. Airlines…

(image from Pontus Wellgraf)

According to the latest report of CB Insight on Travel tech funding, the startups disrupting the sector are still attracting VC. “The Covid-19 outbreak cost the international tourism industry $320B in lost revenue between January and May 2020, according to the World Tourism Organization. Despite growing economic uncertainty, the global travel tech startup space has raised $2.4B in equity funding since the beginning of 2020.”

According to the passenger throughput released by the U.S. Transportation Security Administration (TSA), more than 9.2 million passengers traveled by air during the 10-day holiday stretch in 2020. It was the first time since the…

Buy now, pay later or BNPL is a kind of credit payment that allows customers to purchase goods and pay for them either later or by installments. Interesting facts about BNPL: they are not regulated like credit instruments hence their popularity in usage and distribution.

Providers such as Klarna, Affirm, Afterpay, Quadpay and PayPal enable customers to shop online or in-store without having to pay straight away. And it’s working, as the average order value is typically higher, and checkout conversions surge 30 percent for retailers using BNPL.

According to Kaleido Intelligence, a fintech consulting firm, by 2025, $680 billion…


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