Innovative Enterprise: Antonio Ortiz, Velox24 Insurance

Some executives help to make their companies more innovative; Antonio Ortiz created an innovative insurer.

(Source: Velox24 website.)

Editor’s Note: Antonio Ortiz, CEO, Velox24 Insurance (San Juan, Puerto Rico), is one of 16 finalists for Insurance Innovation Reporter’s Four Stars Award, which recognizes outstanding insurance IT innovators across four regions of Latin America: Mexico, Central America & Caribbean, Andean, and Southern Cone.) 

Some executives help to make their companies more innovative; Antonio Ortiz created an innovative company. That company, Velox24, provides consumers direct access to personal insurance from their desktops and mobile devices. Complimentary products and services launched by Velox24 include roadside assistance and protection throughout the island. Velox24 has quickly become a leader in Puerto Rico with its innovative delivery of products and services, through its own brand as well as strategic marketing through financial institutions.

Antonio Ortiz, CEO, Velox24.

Antonio Ortiz, CEO, Velox24.

A graduate of the Wharton School at the University of Pennsylvania, Ortiz also leads Velox24’s sister company, Connect Road Assist and has been honored with the following awards:

  • Young Entrepreneur of the Year—Teodoro Moscoso Award

Puerto Rico Chamber of Commerce

  • Premio de Excelencia en Calidad de Servicio, Hecho en Puerto Rico—Asociación de Productos de Puerto Rico

In addition to his Insurance Industry successes Antonio serves as a mentor and judge for Parallel18 Economic Empowerment, an economic development initiative designed to attract and create high-impact startups that can scale from Puerto Rico to global communities beyond the island, including Mainland US, Latin America and Europe.

IIR Four Stars Award Finalists: Andean Region

IIR Four Stars Award Finalists: Southern Cone Region

Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at or (503) 936-2803.

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