The Asia InsurTech Podcast spoke with Carolina Dreifuss, Co-founder and CEO at SyncTechnologies, discusses the company’s mission to create a digital twin solution for the construction industry. She explains how the construction industry faces challenges with coordinating information among multiple players working with different systems, resulting in inefficiencies and delays. SyncTechnologies aims to address these challenges by providing access to visual data through their platform, eliminating the need for extensive hardware investments and streamlining the coordination process.
Carolina also explains how SyncTechnologies entered the insurance sector by recognizing the construction industry’s need for efficient claims management processes. Multiple homes are impacted after natural disasters or events, and the traditional process of assessing and documenting the damage is time-consuming and costly. SyncTechnologies offers a solution by creating 3D models of properties using reality capture techniques such as laser scanning and photogrammetry. These models are uploaded to their platform, allowing different stakeholders, including insurance companies, loss adjusters, and builders, to review and analyze the data remotely, reducing the time and resources required for claims management.
The episode also discusses SyncTechnologies’ participation in the Lloyd’s Lab pitch competition and the opportunity it presents for the company to further refine its product and pitch to industry leaders. Carolina highlights the importance of navigating through challenges and maintaining a positive mindset in the startup world. She emphasizes the value of having a strong team and the need to adapt quickly to changing circumstances. The episode concludes with Carolina expressing her excitement about the potential impact of participating in the Lloyd’s Lab program and the opportunity to accelerate SyncTechnologies’ growth and expansion in the insurance industry.