Diesta (Accelerator)

Company Description: Diesta is an early Insurtech start-up which was founded in March 2022 by Julian Schoemig and Chris Davis. The two have successfully raised their pre-seed round from Antler VC. Antler is a global investment fund which hosts a start-up accelerator where Chris and Julian met and develop the concept in. Diesta is a modern premium processing platform specifically built for insurance. Through smart integrations with industry systems, payments can be automatically reconciled and distributed. The insurance market relies on a fragmented distribution chain. As a result of this premium payments travel traditionally through each intermediary and are handled by manual processes until they reach the insurer or reinsurer respectively. This processes costs the insurers as well as intermediaries 6-7% of their annual revenue. With Diesta the insurance premium flows through smart accounts where we automatically reconcile and distribute the payments to each entity. This saves each entity significant time, money and effort. They have found early traction with large market participants and already have a first client with whom we develop the solution and start generating revenue in August this year.