WikiTree compares insurance contracts using AI

WikiTree’s artificial intelligence tests through the terms of an insurance contract to find the best formula. Brokers like it.

The general condition of an insurance contract is a real headache. Legal page and leaf facing, It is difficult to get a definite idea of ​​what is covered and what is not. To navigate this maze, Brussels company Wikitry has developed an artificial intelligence (AI). Compare, in detail, all the categories offered by competing companies. This was an innovative solution Prominent at the last Vivium Digital AwardsWhich rewards the best projects of InsurTech (Digital Solutions for Insurance)

Known as WIS, WikiTree’s digital tool scans general terms of insurance contracts. He almost ate 100,000 pages of legal text. This information, which forms a large stock of data (big data), Artificial intelligence detects various genres, exceptions and other exclusions. It categorizes them and sorts them by category to offer A simplified view of the deal in the form of a comparative table. For each item compared, a color dot shows which company offers the most convenient coverage.

“Today we cover 85% of the non-life insurance market.”

Philip Affandulis

WikiTree CEO

This is the solution Able to compare most insurance contracts offered in Belgium (home, car, legal protection, etc.). “We started with major insurance company contracts. We are in the process of refining with specialized companies. We now cover 85% of the non-life insurance market,” explains Philip Affandulis, CEO of Wikitri. Life insurance contracts will be integrated into next year’s course.

The solution is a hit with insurance brokers. He is a promise to them Save enough time Allow them to get points. Instead of going through endless conditions, they benefit from one Comparison Agreement Summary View. “Artificial intelligence does not replace the broker. It allows him to be more efficient. The broker is a general. He knows where to look for information, but he doesn’t know all the specifics of a contract“, Explains Philip Affandulis.

Accepted by FSMA

“Artificial intelligence does not replace the broker. It allows him to be more efficient.”

Philip Affandulis

WikiTree CEO

Brokers are not the only customers targeted by Wikitry. The company also targets insurance companies. Several large insurers in Belgium use this tool for benchmarking purposesComparing yourself to the competition. This is a form of recognition for Wiktionary. “We have an imposition The value of comparing general conditions. Previously, each company had its own reading grid “, underlined Philip Affandulis. The tool has even been adopted by the FSMA. The supervisory authority uses WIS to evaluate and review insurance policies.

The solution has already satisfied 150 customers. WikiTree is currently surrounded by requests: The company expects to reach 400 customers by the end of the year. “Potentially about 3,000 customers,” Philip Affandulis estimates. Currently, 80% of clients are located in the French-speaking part of the country. But business trends show strong demand from the Dutch-speaking side, the CEO said. The solution works In both French and Dutch treaties.

The power of counting


The CEO of WikiTree predicts annual revenue growth of around 30% to 50% in the coming years.

WIS required More than three years of research and development. Working on an artificial intelligence requires skill and great computer skills. WikiTree was able to use Atci Company assets. This French company, where Philippe Afendulis previously worked, was acquired by Wikitri. It provides state-of-the-art IT services for financial sector players, especially fund managers. He has It has its own fiber optic network and three data centers in the Paris area. These have been shown to be very beneficial in treatment Heavy and complex calculations to set up an artificial intelligence.

WikiTree companies are growing. The team has doubled since 2020, reaching 110 employees. Turnover exceeded 10 million euros. Its chief executive expects annual revenue growth of around 30% to 50% in the coming years.

Insurance outsourcing

WIS is Brussels Company’s most recent and innovative project. However, it will not be profitable immediately. To finance this, WikiTree may rely on its insurance sub-contracting activities : It handles files for insurers and brokers. Businesses in the sector are particularly in contact with the Brussels Society when faced with the flow of lawsuits, for example during the floods last summer. Wikitre has also developed one Practical skillsA profession in high demand by insurance companies.

Ultimately, WikiTree’s goal is to offer its customers A unique offer, integrating human elements and artificial intelligence.


  • WIS, the artificial intelligence of Wikitree, compares the general terms of an insurance contract to find the most convenient source.
  • Brokers like it.
  • Insurance companies use it to compare themselves with their competitors.
  • WIS already has more than 150 clients installed. Demand is strong: Wikitry is targeting 400 subscribers by the end of the year.

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