What does InsurTech mean?
InsurTech refers to the category of innovative startups and who are applying emerging technologies (such as A.I, blockchain, etc) to improve the insurance category by increasing efficiency and improved productivity
Is InsurTech controlled by the insurance companies?
No, it’s a free market like any. However, progressive insurance companies will seek to stimulate growth by embracing technological innovations or risk being disrupted as per other industries
InsurTech Startups London #1 BEST INSURANCE STARTUPS UK 2020 Guide
With the UK seeing record number of investments for scale ups and london being one of the financial centres of the world the rather slow and multi-facted world of insurance is finally joining up with it’s not too distant cousin Fintech in terms of new companies bringing new ideas and innovation
So to keep track of the hottest insurance technology scale up companiesin UK we’re started this list and will be adding to it each month.
If you’re a Insurance Technology scale up we’ve not listed please get in touch!
Zego
Insurance for food delivery drivers, couriers, private hire drivers, small businesses, the self-employed and more. Policies available from an hour to a year.
Zego give customers top-of-the-range, custom products to explore the full potential of their entrepreneurial spirit.
For everyone from carpenters to corporations, Zego delivers more than just insurance: Zego provide peace of mind and flexibility for changing circumstances.
In July 2019 Zego raised $42m in a B investment round which will be used for expansion across Europe and to double its workforce.
The funding round was led by Target Global and other backers included TransferWise founder Taavet Hinrikus
Tractable
Artificial intelligence to help you perform visual tasks with more speed, accuracy, and scale than ever before.
Tractable‘s AI assesses damage and estimates repair costs in real time. So claims can be settled faster, and livelihoods restored.
Kasko
KASKO enables insurers to develop and distribute digital insurance products without tying up internal IT-resources or being bound by limitations of legacy.
Kasko helps innovative insurers to shape the future of the industry. Kasko offer an API-powered agile insurance product and distribution platform that operates between digital customer touchpoints and legacy IT systems.
Thus, Kasko make sure your IT empowers you, rather than restricts you, irrespective of your legacy system setup.
Concirrus
Transforming the commercial insurance market with real-time data and analytics.
Concirrus‘s Quest platform accesses and interprets wide-ranging datasets, combining them with historical claims information to reveal the behaviours that correlate to claims.
The results enable insurers and brokers to more accurately quantify risk; reduce losses and boost profits. Quest also makes new, powerful and differentiated product propositions a reality.
Cloudmargin
Inspired by the power of new technology and driven by the belief that existing collateral management solutions were over-priced, inefficient, and inaccessible, we decided to change things for the better.
CloudMargin exists to bring effective collateral management to all market participants, regardless of size or status. We’re trusted by clients for our industry knowledge, honesty and unwavering commitment to innovation.
Wrisk
Wrisk’s core team brings together top class talent from the worlds of insurance, tech and beyond, representing a strong combination of proven skills and passion.
If you like our Insurtech Startups London Guide do also checkout our full London Startups 2020 Guide as well as our categories guides for Energy Startups, FashTech Startups, AI startups London, Blockchain Startups London, FinTech Startups London, Edtech Startups and GovTech Startups London
Are you a scale up looking to hiring? Why not contact us to discuss your requirements on [email protected] or check out our IT recruitment agencies list for other great agencies
