Sydney, Australia | 18 February 2025 – myVal, the AI-driven home inventory and valuation platform, has been crowned the winner of the InsureTechLIVE 25 Pitch Competition, marking a major milestone in its mission to revolutionise insurance documentation and claims processing.
This victory underscores myVal’s potential to reshape the insurance landscape, offering a smarter, more transparent, and highly efficient approach to home contents coverage.
Why myVal Stood Out
The InsureTechLIVE 25 competition brought together some of the most innovative insurtech startups, with industry leaders evaluating solutions based on their ability to improve efficiency, mitigate risk, and enhance customer experience. myVal impressed the judges with its AI-powered valuation, automated inventory management, and ability to bridge the insurance gap between underinsurance and overinsurance.
“Winning at InsureTechLIVE 25 validates our vision of making insurance more accurate, transparent, and accessible,” said Dan Novick, Founder of myVal. “We built myVal to empower homeowners with the tools to document and protect their valuables while giving insurers the verified data they need to process claims fairly and efficiently. This win reaffirms that we’re on the right path.”
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How myVal is Transforming Insurance
The home insurance industry faces critical challenges—from policyholders being unaware of coverage gaps to insurers struggling with inefficient claims processes. myVal provides a win-win solution by leveraging AI and automation to:
- Enhance Insurance Accuracy: Instantly identifies and categorises home contents, ensuring real-world valuations rather than guesswork.
- Prevent Claim Disputes: Detects sublimits and underinsurance risks, prompting users to adjust coverage before a loss occurs.
- Accelerate Claims Processing: Provides insurers with AI-verified proof of ownership and structured asset data, eliminating delays and reducing fraud risk.
- Improve Customer Experience: Gives policyholders peace of mind by ensuring they have comprehensive and up-to-date insurance coverage.
What This Win Means for the Future of myVal
Winning InsureTechLIVE 25 propels myVal into the spotlight, opening doors for strategic collaborations with insurers, brokers, and industry leaders. The recognition not only validates its cutting-edge AI technology but also strengthens its position as a must-have solution for modern home insurance.
“This is just the beginning,” added Novick. “We’re looking forward to expanding our partnerships, integrating with insurers, and continuing to redefine how home insurance works—making it more proactive, data-driven, and user-friendly.”
About myVal™
myVal is an AI-powered home inventory and valuation platform designed to simplify insurance documentation and enhance claim outcomes. By leveraging image recognition, real-time market valuation, and structured data storage, myVal ensures that policyholders have accurate, verifiable records, while insurers receive high-quality, fraud-resistant data for risk assessment and claims processing.
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