Press Release

Kryon Wins Prestigious DIAmond Award at Digital Insurance Agenda 2018 Munich

Leading RPA Provider Recognized as an Innovator in Insurance and Insurtech Space

NEW YORK and MUNICH, October 24th, 2018 — Kryon, a leading Robotic Process Automation (RPA) solution provider known for its customer-centric approach and technological innovations, including the recently launched Kryon Process Discovery™, has won the DIAmond Award granted by the Digital Insurance Agenda (DIA) 2018 in Munich, for its significant strategic impact. Kryon was recognized as a solution that enhances competitive power by increasing cost savings, improving customer engagement, boosting revenues or creating new revenue streams across the insurance and insurtech industries.

Kryon presented to 1,000 insurance decision makers and investors, showcasing how it helps the insurance industry discover, select and automate processes using their cutting-edge Process Discovery RPA solution. This powerful demonstration saw Kryon awarded for having the highest strategic impact for the insurance industry. Nearly 70 percent of automation resources are spent on discovery and selection of processes to automate and only 30 percent are being used for the automation implementation per se. Large Enterprises that already have RPA in place estimate that 50 percent of the existing automation potential is yet to be discovered. Through the implementation of Kryon Process Discovery the automation ROI can be maximized as processes can be identified, selected, and automated five times faster than other RPA solutions.

“As a leading RPA solution provider working with enterprises across the globe, including large insurance companies, Kryon is honored to be recognized as a DIAmond Award winner,” said Harel Tayeb, CEO of Kryon. “The insurtech space is ready for large-scale innovation, and RPA will play a major role in shaping what the industry will look like. Through Kryon’s unique automation capabilities such as Process Discovery, it is our mission to continue disrupting the insurance industry by providing better and more efficient ways to automate.”

Only solutions that truly enhance competitive power are admitted to DIA. Kryon received this accolade in the face of stiff competition and a group of over  recognized thought leaders at DIA.  Companies from around the world shared visions to accelerate digital strategies and discussed the challenges of implementing new technologies, digital transformation in insurance companies and how to get the most out of cooperation between insurer and insurtech companies.

For more information about Kryon and its solutions, please visit www.kryonsystems.com.

About Kryon

A trailblazer in the world of enterprise automation, Kryon offers today’s only solution integrating business-friendly robotic process automation (RPA) with Process Discovery technology that offers organizations full visibility into all their processes. In a field that often loses sight of the importance of ease of use, Kryon stands out for its uniquely intuitive interface, its one-touch process-recording capability and its unmatched Kryon Process Discovery™ technology for accelerated discovery and deployment. Combining a deep understanding of our customers’ needs with cutting-edge technology, Kryon empowers businesses to maximize their ROI through their choice of desktop-based attended automation, virtual-machine-based unattended automation, and a hybrid combination of attended and unattended automation. Kryon’s globally recognized, AI-driven platform is used by a wide variety of enterprises worldwide, including AIG, Allianz, American Express, AT&T, Ernst & Young, Ferring Pharmaceuticals, HP, Microsoft, Santander Bank, Singtel Optus, Verizon and Wyndham Hotel Group.