Press Release

Robotic Process Automation Leader Recognized as Emerging Technology-Led Solution Poised To Impact the Insurance Industry in 2018.

NEW YORK, February 28th, 2018 — Today, Kryon Systems, the leading provider of intelligent Robotic Process Automation (RPA) solutions, has been named a member of the 2018 InsurTech Impact 25 Forum organized by insurance industry management consultancy Oxbow Partners. The honor recognizes Kryon Systems as a prominent technology-led company poised to impact the insurance industry in the coming year, specifically regarding the RPA leader’s expertise in operations innovation. Key findings from the analytical nomination process have been published in a Oxbow Partners report outlining the current state of the InsurTech landscape and how insurers can respond in 2018.

Including Kryon Systems, the 25 InsurTech Forum Members span the insurance industry value chain including distribution, data and analytics, operations, and claims and fraud. Recognition and selection were determined by Oxbow Partners based on an in-depth assessment of both current traction and potential. Members of Oxbow Partners InsurTech Impact 25 have achieved revenue growth and have a technology-led proposition that can transform incumbents or the insurance industry as a whole. Those joining Kryon Systems as members of the InsurTech Top 25 Operations division this year include: Cognotekt, Instanda, Kasko, Risk Genius, Qover and TradeIX.

“It is an incredible honor for Kryon to be recognized for our business momentum and industry impact,” said Harel Tayeb, CEO of Kryon Systems. “As we continue to partner with leaders in the insurance industry, we aim to stay at the forefront of the InsurTech innovation conversation to better serve our partners through the adoption of RPA technology. We look forward to the relationship-building graciously offered by Oxbow Partners and our ongoing commitment to optimize the insurance industry through the incorporation of robotics in the workplace.”

“There are endless so-called landscape experts within the insurance field and Oxbow Partners was committed to identifying the true catalysts for InsurTech disruption,” said Chris Sandilands, Partner at Oxbow Partners. “Kryon Systems is undoubtedly one of the leaders in the robotics field, and an unwavering expert in innovating the InsurTech space. We look forward to benefiting from the expertise provided throughout the forum from Kryon’s operations insights while keeping an eye on a company that’s truly on the move.”

More information on the InsurTech Impact 25 Forum can be found here: http://www.oxbowpartners.co.uk/impact25/.

Kryon System’s independent InsurTech Impact 25 case study can be found here: http://www.oxbowpartners.co.uk/wp-content/uploads/2018/02/Oxbow-Partners-Kryon-Systems.pdf

About Kryon Systems
Founded in 2008, Kryon Systems delivers innovative, intelligent Robotic Process Automation (RPA) solutions enabling digital transformation for enterprises. Using patented AI (visual and deep learning) technologies, our flagship platform allows insurance companies to automate business processes quickly and easily, for immediate productivity gains, near zero error rates, reduced costs and significant ROI results.

About Oxbow Partners
Oxbow Partners, ranked one of the top 10 management consultancies in the UK for insurance in a Financial Times study, is a management consultancy serving exclusively the insurance industry. The organization works on strategy and transformation, digital and M&A topics in general insurance, life insurance and pensions. With an agile approach, senior teams and deep sector expertise allow Oxbow Partners to deliver projects for clients faster than traditional consultancies.

Media contact details:
Mike Paffmann
mikep@5wpr.com