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Flood insurance for all thanks to innovative InsurTech startup FloodFlash Flooding is an increasingly common problem. You don’t have to be in the middle of a tropical storm in the Caribbean to find yourself wading through waist-high water in the streets; a little bit of rain in the wrong part of England could have a similar effect. Every year, flooding causes a massive $41 billion of u...
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Wrisk - The InsurTech startup that's on a mission to make macroinsurance our insurance of choice. Let’s face it - sorting out insurance can be a bit of a nightmare - albeit a necessary one! Whether it’s organising the annual travel policy or trying to get the best renewal quotes for your house contents, it can be a real chore. It tends to be very much price led and most of us have ver...
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Over ten weeks, tech startups will be given the unique opportunity to work with Lloyd’s market experts to shape the next big innovation.  To meet the ever changing demands of the insurance market, Insurance giant Lloyd’s have just launched a fab innovation sandbox in conjunction with corporate innovation specialists and early stage investors, L Marks and the Boston Consulting Gro...
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Know Your Customer, a platform that automates 90% of manual tasks in anti-money laundering compliance and reduces on-boarding times for corporate clients from 3 weeks to 1 day, last week won the Fintech Startup Challenge in Dublin, hosted by Le Village, a Crédit Agricole accelerator programme.   The Fintech Startup Challenge, Dublin was launched during the&nbs...
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The innovative startup Tapoly, that offers on demand insurance that covers the risks of consumers in the sharing economy market Whilst the sharing economy has brought a lot of opportunities and flexibility galore, it has also brought some challenges. For example, there are obvious risks which are taken when you are letting out your property or lending your car. Likewise, whilst the gig economy h...
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Are Price Comparison Websites (PCWs) really any good for insurance consumers? Insurtech Startup honcho doesn't think so. Their solution, a reverse-auction marketplace, is looking to revolutionise the way people buy insurance, by making insurers bid and re-bid to win a consumer’s business. Say what? Yes that's right, honcho - is a mobile-first reverse-auction marketplace where insurers...
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The drone industry might have started off as something of a fad, but where people might have expected interest in it to die down, it has only become stronger and stronger. In the US alone, just under 2.5m personal drones were sold in 2016. And while the individual hobbyist is finding entertainment in drones, businesses and entrepreneurs are finding more and more applications for them, cutting down...
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As we all know, when you’re starting a business, getting advice and support from people who truly “get” your idea is an absolute must. For traditional businesses, that can be pretty straightforward, however if your startup is a digital one, that is unfortunately not always the case. Our latest Startup of the Week is on a mission to change all that - in one area in particular &nd...
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Insurance Startup Zego, who provide 'pay-as-you-go/ride /drive' insurance cover for drivers working for sharing economy companies, such as Deliveroo, Jinn, UberEATS, and Amazon, have just raised another £1m+ in a seed funding round led by VC firm LocalGlobe. With pay and working conditions of the gig economy worker currently under review and the traditional insurance sector ripe f...
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If there’s one business sector that is ripe for disruption - it’s car insurance (although this is perhaps more a personal desire, rather than one based on stats)! Park that thought however, whilst we introduce you to By Miles - an insurtech startup which is all set to launch a pay-per-mile car insurance service at some point this year. This is what the By Miles team have to...
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