Machine Learning and AI advantage

Born out over 60 years cumulative experience in the insurance industry, it is clear that change is coming and faster than at any point in the last century. RemitRix was founded to harness Machine Learning and bring an agile approach to delivering Solvency II compliance solutions.

We aspire to be a game changer in the solvency world in a way that risk managers and actuaries build and manage their internal models.Our product complies with Solvency II rigorous provisions providing optimisation tools under different financial and insurance scenarios.

Actuarial predictions

  • Actuarial Machine learning models
  • Automation of reserves features engineering

Risk Management

  • ESG (Economic Scenarios Engine)
  • ALM (Assets Liabillites Management)
  • VaR (Value at Risk)
  • Optimisation and efficient frontier

Solvency II & IFRS17

  • Bottom up SCR calculation and aggregation
  • Standard Model / Internal Model
  • QRT  / SFCR reporting
  • EBS (Economic Balance Sheet)
  • CSM calculation

Professional Team

Our seasoned team includes top-notch professionals in the fields of:

  • Machine Learning
  • Actuary
  • Risk Management
  • Statistic
  • Accounting

Management Team

David Engelmayer

David Engelmayer

Chief Actuary Officer

30 years of experience in actuarial work and consulting in all areas of insurance (life, health, pension, property & casualty) and all disciplines of actuarial work (pricing, valuation, illustration, risk management, data structuring).

Effi Mor

Effi Mor


10 years of experience in Financial Risk Management in largest life insurer in Israel.
MBA in finance + B.Sc. computer sciences (Hebrew University of Jerusalem).

Leonid Pushkovsky

Leonid Pushkovsky


14 years of experience as a financial software engineer in consulting company to insurance firms.
M.Sc. In Electrical Engineering (Dnieprodzerzhinsk State Technical University Ukraine)

Advisory Board

Tiki Hadad

Tiki Hadad

Strategic consultant

34 years of experience in capital markets. Executives’ mentor and consultant. Former CEO at IBI brokerage.

Moni Sahar

Moni Shahar (Ph.D.)

Machine Learning consultant 

25 years as a Data Scientist. Director of the Center for Artificial Intelligence and Data Science Tel Aviv University. Former ML researcher Facebook, Intuit

Eran Mordechai

Eran Mordechai

Financial consultant 

Founder managing partner Colibri fund (top tier Israeli hedge fund)

Sales and Operational Team


Ali  Bayramov

VP Marketing & Sales Eastern Europe and EMEA

An insurance executive with global in-depth experience with Lloyd’s, SME, NGO, white label products, reinsurance, captive and risk management.

Liran Amilov

Liran Amilov


15 years Business Development and System Admin in various tech companies

Xavier Garcia

Xavier Garcia

VP Marketing & Sales Western Europe

Insurance and reinsurance executive for 10 years in Generali and Allianz groups. Entrepreneur in data quality / RPA specialized in insurance, health and social services.


InsurTech Rising October 2017

See the future of insurance at Europe’s largest insurtech event.

InsurTech Connect

The world’s largest InsurTech event

RiskMinds Insurance March 2018

The world’s leading conference for risk managers

2021 Bermuda track winner


RemitRix selected to attend Plug and Play world leading InsurTech accelerator Batch 5


RemitRix is in partnership with Insurlab Germany

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