Yakoota Revolutionizes Insurance Industry with Fact-Based Rating System
Yakoota, an InsurTech startup founded by Mohamed Baccouche in 2022, has recently launched the first fact-based rating system for insurance offers on April 15, 2024. This breakthrough marks a significant innovation in the insurance sector, providing consumers with a clear and impartial evaluation of insurance offers. The result of two years of R&D, the expertise of Yakoota's team, and an investment in generative AI, the Yakoota rating system is based on an in-depth analysis of thousands of data points and a rigorous methodology, enabling a factual and impartial assessment of insurance contract quality.
The stars attributed by Yakoota reflect the scope of coverage offered, management quality, socio-environmental impact, and omnichannel performance of insurance contracts. This approach benefits policyholders by enabling informed decisions and insurance professionals by improving their offers and performance.
In addition to rating insurance offers, Yakoota now proposes a certification for home insurance contracts. Insurers and brokers can contact Yakoota to obtain their rating before publication and explore the opportunities offered by the application of generative AI to develop their portfolio and optimize regulatory expenses.
With its mission to promote collective well-being through the development of a more mature insurance market, Yakoota embodies the fusion of technical expertise in the insurance sector and a consumer-centric approach.
Mohamed Baccouche has 20 years of experience in the insurance industry. Having risen through the ranks at AXA Insurance as an actuarial manager, he then accompanied an American pension fund for two years in launching a life insurance mission. This expertise and passion for improving the insurance sector led to the creation of Yakoota, a platform aiming to democratize access to informed insurance contract comparisons.
