Shift Technology

Shift Technology is a Paris-headquartered insurtech company founded in 2014 that provides AI-powered decision automation and optimization solutions for the global insurance industry. The company specializes in fraud detection, claims automation, underwriting risk assessment, and subrogation recovery across property and casualty, health, life, and workers' compensation insurance sectors. Shift Technology's flagship products include Claims Fraud Detection, which uses artificial intelligence and machine learning to identify suspicious claims with high accuracy, and integrated case management tools that enable Special Investigation Units to conduct end-to-end fraud investigations. The platform leverages generative AI, predictive analytics, and the Insurance Data Network to analyze structured and unstructured data including documents, images, videos, and external sources such as weather and geolocation information. The company has analyzed over 2.6 billion policies and claims to date and serves more than 115 insurance customers across 30 countries. Shift Technology achieved unicorn status in 2021 after raising $220 million in Series D funding, bringing total funding to $320 million. The company has established a presence in Mexico City, serving as a regional hub to support insurance clients throughout Latin America including Chile, Colombia, and Ecuador. In Mexico, Seguros Banorte selected Shift Technology's fraud detection solution for its auto insurance business in 2020. The company operates additional offices in Boston, Tokyo, Singapore, London, Madrid, Toronto, and São Paulo. Shift Technology partners with major insurance technology platforms including Guidewire, which named it a strategic partner in 2024. The company was recognized as a Celent Luminary for Insurance Fraud Detection Solutions in 2024 and has identified over $5 billion in claim fraud.