8 years ago

Sherpa Raises $2.3M to Build Personalized AI-Driven Insurance Platform

  • Sherpa, a UK startup building an AI-driven insurance platform tailored to individuals, has secured $2.3 million in seed funding from InsurTech.VC and a number of angel investors

  • The platform aims to personalize insurance by building a risk profile for each individual, constantly updating them on changes in risk and the costs of protection

  • Sherpa has a partnership with reinsurance giant Gen Re and removes the commission insurance companies typically take, passing the savings back to the consumer.

      • ProblemFinancial Services

      "Traditional insurance comparison websites only focus on price and lack personalized recommendations, leaving people with inadequate coverage or overpaying for unnecessary coverage."

      Solution

      "Sherpa uses AI to create personalized risk profiles for each individual, constantly updating them and providing tailored insurance recommendations that offer the best coverage at the most affordable price. "

      Covered on