It’s great to see companies bringing AI-powered innovation to the insurance business, especially as this technology is not yet common there. ArtificialOS, Artificial Labs’ digital platform, gathers in one place all the tools you need for data collection, contract negotiation, and pricing.
You probably have insurance, right? What about your pet? If the answer is “no”, Bought by Many is here to help. The company offers pet insurance that’s transparent, easy to understand, and form-free.
On top of offering various policies that answer any needs your pets may have, Bought by Many provides access to video calls with vets, and also write pet guides on anything and everything pet-related.
Our favorite entry? Why dogs in the office and pet work benefits are getting more pawpular. And it’s not just because of that pawfect pun!
It’s not just us who’s impressed by this insurtech. Bought by Many won in two categories at the Insurance Choice Awards 2020: Innovation of the Year and Best Pet Insurance Provider.
Cazana is all about cars. The insurtech provides automotive insights with the help of big data and predictive analytics. You will find the platform useful, whether you are a manufacturer, work in car insurance, or are in the automotive business in general.
Cazana offers something very precious: knowledge. The company helps professionals in the vehicle industry make informed decisions. In its own words, “Cazana analyses millions of automotive transactions daily to assess the value and risk associated with every vehicle on the road.”
Just this month, Cazana announced its collaboration with LexisNexis Risk Solutions Insurance UK & Ireland. Together, they will provide easier access to vehicle information needed by UK insurance providers at the point of quote.
If you ever watched Fast & Furious and thought: "these guys need car insurance", this app is for you. Cuvva’s advertising slogan is “radically better insurance”, and honestly, we do believe it. Given that it’s about car insurance, it’s perfect that the company has an app—you can easily deal with all of your insurance needs, wherever you are. Just don’t use it while driving!
Everything about Cuvva screams “convenience”. Hourly or daily car insurance? Check. Coverage in minutes? Check. 24/7 customer support with an average response time of 1 minute? Check. (Granted, we didn't test it, but it's exactly what we’d want from an insurance app in these instant gratification times.)
If you’d like to learn more about the company from Freddy Macnamara, its Founder and CEO, listen to this podcast.
Cytora focuses on improving the process of underwriting for commercial insurance. The insurtech uses the power of machine learning to achieve this goal, and it cooperates with leading insurers.
If you’re interested in the technology behind Cytora—and, unsurprisingly, being a software house, we are—be sure to check out its blog Engineering at Cytora. We especially recommend the “Cytora Golang Academy” series of articles.
Cytora's CFO, Tom Coward, recently gave an interesting interview about the company and the role of a CFO. You can find it here.
Discussing life insurance brings to mind the inevitability of death, and it is generally not a good time for anyone. That's not the case with DeadHappy. With the slogan: "Make a deathwish. Get it insured.", the company has a light-hearted and matter-of-fact attitude to life insurance and everything it entails, and we appreciate that.
DeadHappy only asks you four health questions, so you can get a life insurance quote in minutes. The policy is also flexible, and there's no paperwork involved.
DeadHappy’s CTO, Nick Meredith, recently talked about the company and the death industry in a podcast. Listen to it here.
Drones need insurance, too! Whether you’re an individual pilot or in charge of a fleet of drones, Flock has got you covered. On top of that, the company also expanded its expertise further by getting into the motor fleet insurance business.
With Flock, you can insure your drone by the hour, month, or year—and you can do it all online. The prices are personalized, and the insurance can cover a wide variety of events, such as unintentional flyaways or theft.
On the motor side of things, you can get personal accidents and medical expenses coverage, among others.
Last year, Flock was appointed the British Insurance Brokers’ Association's drone scheme provider.
The CEO of Flock, Ed Leon Klinger, was featured in a podcast by InsTech London. He talked about building a brand, innovating with insurers, and more. Listen to it here.
If you’re curious about the drone industry, check out #FlockFridays, a biweekly YouTube show with other experts from the sector.
London is famously a city of cyclists, with their numbers rising even more in 2020. That's why it's not at all surprising that Laka, a company specializing in insurance for cyclists, is from London.
Laka can cover your bicycle, but also you, through their accident and injury insurance. On top of that, it offers memberships to The Laka Club, which includes third-party liability insurance and various cycling discounts.
Laka definitely feels like a place made by cyclists, for cyclists. We really like the idea of building a community around a common hobby and performing it safely.
Earlier this year, Laka expanded to the Netherlands which feels like a great move. After all, if there’s one country that is synonymous with cycling, it’s the Netherlands. Laka’s CEO and Co-founder called the expansion “the next step in building the largest Collective for cyclists in Europe.” Good luck!
Marshmallow offers car insurance for a diverse customer base. The company believes that insurance is important and it should be easy to get for anyone.
As it says on their website, “a person without a credit history needs to drive to work, and an expat without a UK driving license needs to pick their kids up from school. We use technology to make it possible—and to guarantee the best price.”
It's no secret that the planet needs our help. Marshmallow is doing its part and then some by working with ClimatePartner on a carbon offsetting program.
As part of the initiative, it covers the carbon offsetting costs for the first 500 miles for every policy bought in 2021 and beyond.
The Marshmallow's co-founder was featured in this article by The Times, where he talks about the idea behind the company.
Have you ever issued an invoice that ended up not being paid? Nimbla, a company offering invoice insurance for small businesses, could be the solution you need.
Nimbla uses algorithms for pricing the risk on your receivables. If you decide to go for Nimbla’s services, you can set everything up in 5 minutes. In early April, the company announced it will offer invoice insurance to companies in more European countries.
Urban Jungle offers contents insurance designed with renters and young people in mind.
Urban Jungle’s insurance policies are perfect for the times we live in. The insurtech’s founders noticed that younger people had more problems getting insurance, and they decided to explore that gap.
In fact, the company was created because Jimmy Williams, the company’s CEO and co-founder experienced the difficulties of getting insurance when living with roommates first-hand.
Urban Jungle also runs a blog full of articles for renters. Our favorites? 10 tips to make your rental flat feel like home and How to lighten a dark room with no natural light in 9 simple ways.
Jimmy Williams was featured in an article by The Fintech Times. He talked about how the lives of young adults have changed due to the Covid-19 pandemic and how that influenced the insurance data Urban Jungle saw. You can read it here.
Zego offers insurance for drivers and fleets. So far, the company has insured over 200,000 vehicles, and some of its partners include Uber, Deliveroo, and Bolt.
Right, okay, full disclosure: Zego is our client. But that’s not the only reason we like the company.
It’s the first UK insurtech to be valued at over $1 billion, and it won Tech Company of the Year 2020 at the UK Business Tech Awards. If that’s not impressive, we don’t know what is!
The company just launched a brand new blog called Zego Engineering. We’re super honored to be a part of it in its very first article! The piece is a transcript of our conversation with Stuart Kelly, Staff Engineer at Zego. Go ahead and read it here.
There you have it. From car insurance to pet insurance, these companies are using the latest technologies and creative ideas to transform the insurance business.
If you work in insurtech or fintech at large and are looking for a software development company that could help with your project, be sure to reach out to us.
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