ANZIIF's Insurtech Startup of the Year for 2023 goes to Sync Technologies at The Star, Sydney.
SYDNEY, August 24, 2023 — Over 800 insurance professionals assembled at The Star in Sydney to attend the 19th annual Australian Insurance Industry Awards hosted by ANZIIF. Sync Technologies was honored as ANZIIF’s Insurtech Startup of the Year for 2023.
Diego Ascani, CEO of Sedgwick Australia, presented the award and commented:
“In a fiercely competitive category one company stood out this year. Their innovative solution has not only impressed the judges but has also delivered exceptional results in solving complex problems in a variety of industries.”
"Their platform has revolutionized how the insurance sector tackles challenges by offering quicker and more effective solutions that notably shorten initial assessment times. Their dedication to ongoing improvement and adaptability to changing market conditions set them apart as a true leader in the field.”
Carolina Dreifuss, Co-founder and CEO of Sync Technologies, expressed her team’s excitement:
“Being named Insurtech Startup of the Year serves as further validation that we are providing transformative solutions to the insurance industry, thus helping the sector fulfill its promises to customers.”
SyncTech’s solution provides users with an internal and external virtual replica of a property. Paired with the SyncTech Platform and their AI-driven defect detection solution, SyncTech simplifies the entire building claims procedure, from site inspection and data collection to tender and rectification – enabling loss adjusters and other relevant stakeholders and contractors to assess, inspect, scope, and collaborate on a building from their desktops.
Sync Technologies' solutions have played a pivotal role during numerous catastrophic events, including the Queensland & New South Wales floods, the Melbourne earthquake, and the QLD/NSW storm claims. Notably, SyncTech aided the claims management process during the 2022 floods by simulating water levels within digital twins of properties. Judges have praised the company’s efforts, highlighting how the technology supplied clients with capabilities that would have otherwise been unavailable.
For additional information, please contact Carolina Dreifuss.
ANZIIF, the Australian and New Zealand Institute of Insurance and Finance, hosts the annual Australian Insurance Industry Awards to recognize excellence in the insurance sector.