InsurTech companies in London are making waves in the insurance industry by using cutting-edge technologies to improve risk management, underwriting, and customer experience. These companies are changing the game with innovative products and services that are disrupting traditional insurance models. In this article, we will showcase and explain 15 of the most interesting InsurTech companies in London.
Superscript: Tailored Business Insurance
Superscript is an InsurTech company that provides business insurance designed specifically to meet the fast-changing needs of small businesses. They offer customized policies for a range of industries, including commercial insurance, cyber security, and InsurTech.
Fluffy: One App for All Things Pets
Fluffy is an InsurTech app that simplifies pet ownership by providing a range of services in one place, including insurance, pet care, and more. Their platform connects pet owners with vets and other pet care professionals, providing a seamless experience for pet owners.
Marshmallow: Full-Stack Insurance Carrier
Marshmallow is a full-stack insurance carrier driven by technology. Their platform uses data analytics to personalize insurance policies and streamline claims management. They offer auto insurance at competitive rates, and their platform is user-friendly and accessible.
Concirrus: Digital Transformation for Specialty Insurance
Concirrus is an InsurTech company that supports digital transformation in the specialty insurance industry using the latest developments in technology. Their platform uses machine learning and big data to help insurance companies reduce risk, improve underwriting, and manage claims more efficiently.
FloodFlash: Parametric Flood Insurance
FloodFlash is an InsurTech company that provides parametric flood insurance to the mass market. Their platform uses real-time data and sensors to detect floods, and pays out claims automatically, without the need for loss adjusters.
Anorak: Independent Insurance Adviser
Anorak offers a smart independent insurance adviser that gives people access to tailored advice about their life and their risks. Their platform uses data analytics to recommend the best insurance policies based on customers’ individual needs.
Climate X: Climate Risk Management
Climate X delivers climate risk-related ratings and asset level financial impacts for extreme weather events linked to climate change. Their platform uses predictive analytics to help businesses manage climate risks and prepare for future weather events.
Urban Jungle: Simple and Fair Insurance
Urban Jungle offers simple, fair and affordable insurance, unlocked using the latest technology. Their platform uses machine learning and big data to personalize insurance policies and improve customer experience.
Laka: Green Mobility Insurer
Laka is building the leading Green Mobility insurer globally. They offer insurance for e-bikes and other sustainable modes of transportation, using a community-driven approach that incentivizes customers to reduce their carbon footprint.
Instanda: No-Code Core Insurance Platform
Instanda is a provider of a no-code core insurance platform that allows insurance companies to build, configure, and launch products online. Their platform streamlines product development and reduces time to market, helping insurance companies stay competitive in a rapidly evolving industry.
Collective Benefits:
Benefits for Independent Workers Collective Benefits offers insurance and benefits to make independent work, work for everyone. Their platform provides access to affordable insurance and other benefits for self-employed individuals and gig workers.
Humn.ai: IoT Data for Commercial Auto Insurance
Humn.ai is a London-based InsurTech MGA that combines IoT data with geospatial risk models to create per-trip insurance premiums for commercial auto. Their platform helps businesses manage risk and reduce insurance costs by providing real-time data on driver behavior and vehicle performance.
Cytora: Digitizing Commercial Insurance
Cytora is a configurable platform that enables commercial insurers to create digital workflows by digitizing, evaluating, and routing risks. Their platform uses machine learning and big data to streamline underwriting and claims management, providing a more efficient and personalized experience for customers.
InsurX: Insurance Digital Marketplace
InsurX is an InsurTech company that offers an insurance digital marketplace. Their platform provides access to a range of insurance products, including commercial and property insurance, using a user-friendly interface and personalized recommendations.
Qumata: Standard for Life and Health Insurance Underwriting
Qumata (formerly known as HealthyHealth) is an InsurTech company that is building a new standard for life and health insurance underwriting. Their platform uses AI and machine learning to provide a more accurate assessment of individual health and risk, helping insurance companies offer more personalized policies.
Conclusion
London is a hub for innovation in the insurance industry, with a growing number of InsurTech companies leveraging technology to improve customer experience, streamline underwriting, and manage risk. These 15 companies are just a few examples of the exciting developments in the field, and we can expect to see more InsurTech innovations in the years to come.
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