TORONTO, February 8, 2017 – AIG Insurance Company of Canada (AIG Canada), the Canadian-based subsidiary of AIG, today announced Trip Swell Inc. is the winner of the AIG Canada Innovation Challenge for its product, Jauntin. Jauntin is a mobile artificial intelligence (AI) platform that facilitates on-demand, usage-based travel insurance coverage. The platform’s evolving AI engine continuously collects and analyzes incoming data to better predict future risk.
The AIG Canada Innovation Challenge was conceived in collaboration with the AIG Global Innovation Center and the Consulate General of Canada in San Francisco and Silicon Valley. The purpose of the challenge is to bring AIG closer to Canada’s rich ecosystem of technology entrepreneurs to improve the way AIG serves its 30,000 customers in Canada. Positioned as a crowdsourcing opportunity, 87 Canadian technology start-ups submitted ideas to a team of AIG Canada employees and executives, plus members of the AIG Global Innovation Center. The 10 finalist start-ups were invited to Demo Day on December 9, 2016 to present their ideas.
“AIG has a rich history of innovation,” said Lynn Oldfield, President and Chief Executive Officer of AIG Canada. “We were the first company to commercialize directors and officers insurance, and introduce employment practices insurance, cyber liability insurance, robotics liability insurance, Brexit insurance and crowdfunding insurance to name a few.”
“Innovation is very much in our DNA at AIG,” said Marc Lipman, Chief Operating Officer of AIG Canada. “We are highly focused on technology and emerging business models and solutions for the benefit of our clients and our employees. Of particular interest is the Internet of Things and how the extraordinary acceleration of connected devices has enabled us to help our customers identify where risks intersect.”
To view highlights and executive interviews from AIG Canada’s Innovation Challenge Demo Day, please access the video hosted on AIG’s YouTube channel: