Harbor.ai and Attestiv Join Forces to Disrupt the Insurance Industry

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Redefining commercial insurance with new levels of automation and self-service

NEW YORK, Nov 17, 2020Harbor.ai, an AI-powered insurance exchange and Attestiv, Inc., a digital media validation platform, today announced a new strategic partnership. By leveraging Attestiv’s technology suite, Harbor.ai will enhance its exchange platform with additional customer self-service capabilities, reduce carrier risk, and lower overall costs for all parties. The partnership combines best-in-class artificial intelligence, blockchain technology, and user-focused solutions to revolutionize straight-through transactional insurance processes.

“We are excited to be partnering with Attestiv. They offer the best solution on the market for simplifying commercial inspections, with the added benefit of fraud reduction”, said Paul Gaglioti, CEO of Harbor.ai. “Our solution now offers custom workflows that gather necessary information from clients in a safe and secure manner. In one specific use case, Attestiv has helped us revamp the underwriting collection process for a Builder’s Risk product. We are using the Attestiv Platform to authenticate photos gathered at construction sites prior to policy inception with the ability to collect information through the duration of the policy. This policy is backed by an A.M. Best “A” rated paper.  Underwriters will now be able to track the progress of projects virtually and spend less time waiting to receive required information”. 

Harbor.ai and Attestiv first connected through the insurance-focused Plug and Play accelerator program in February 2020. By combining technologies, Harbor.ai and Attestiv are on a path to redefine the insurance underwriting process for commercial accounts. With a new frictionless process, better risk modeling and a digital record compatible with carrier systems, benefits extend to agencies and carriers worldwide.

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Nicos Vekiarides

Nicos Vekiarides

Nicos Vekiarides is the Chief Executive Officer & co-founder of Attestiv. He has spent the past 20+ years in enterprise IT and cloud, as a CEO & entrepreneur, bringing innovative new technologies to market. His previous startup, TwinStrata, an innovative cloud storage company where he pioneered cloud-integrated storage for the enterprise, was acquired by EMC in 2014. Before that, he brought to market the industry’s first storage virtualization appliance for StorageApps, a company later acquired by HP.

Nicos holds 6 technology patents in storage, networking and cloud technology and has published numerous articles on new technologies. Nicos is a partner at Mentors Fund, an early-stage venture fund, a mentor at Founder Institute Boston, where he coaches first-time entrepreneurs, and an advisor to several companies. Nicos holds degrees from MIT and Carnegie Mellon University.

Mark Morley

Mark Morley

Mark Morley is the Chief Operating Officer of Attestiv.

He received his formative Data Integrity training at Deloitte. Served as the CFO of Iomega (NYSE), the international manufacturer of Zip storage devices, at the time,  the second fastest-growing public company in the U.S.. He served as the CFO of Encore Computer (NASDAQ) as it grew from Revenue of $2 million to over $200 million. During “Desert Storm”, Mark was required to hold the highest U.S. and NATO clearances.

Mark authored a seminal article on Data Integrity, that was published in the online Wall Street Journal. Additionally, he served as EVP, General Counsel and CFO at Digital Guardian, a high-growth cybersecurity company.

Earlier in his career, he worked at an independent insurance agency, Amica Mutual Insurance Company as a claims representative, and later, was the CEO of the Bermuda captive insurance subsidiary of a NYSE company. Also, he was the president of WorldPath Health, an international healthcare company.