Insurtech Virtual i Technologies launches cost-saving platform for risk & loss remote inspections

Zurich-based Virtual i Technologies launched Virtual Risk Space (VRS), a digital platform that allows for inspections on risk assessment and loss adjustment with remote, real-time, cost-efficient connections. The innovative, patented platform aims at helping insurance companies to assess all risks accurately before the insurance process can start.

Today, only 5% of risks are visible to the insurer (as per the global reports). VRS offers 100% visibility of the risks, affordable and in real-time, inspection service and automated instantaneous risks reporting. In order to implement Virtual Risk Space™️ in an insurance company, there is no change necessary in either management or IT systems. A simple training of all relevant staff is enough.

„We believe that each risk needs to be seen in an objective, standardized and structured way before being insured. Virtual i Technologies is created to let the insurance industry see the risks,” said Sinan Geylani, the company founder and architect. “We bring a simple answer to a complex, currently unsolved problem. Our solutions are unique and affordable, tech-based and achieve cost savings for insurers, that will be able to work with any risk engineer anywhere in the world without the need to travel to the site of the project.”

With a declared mission – to “democratize” high-quality and otherwise expensive services such as risk engineering and loss prevention, Virtual i Technologies allows business owners to access loss prevention advisory services, thus ensuring their business continuity in these difficult times.

„Clients who tested our services could measure up to 40% workload efficiency improvement in their technical team (underwriters, risk engineers etc). They managed to obtain up to 100% visibility and control over their portfolio,” said Nina Bratfalean, the company’s CEO.