7 years ago
Inzura Raises $1 Million to Enhance Insurtech Platform
Inzura, a London-based insurtech startup, has raised $1 million in funding from a group of investors
The company plans to use the funds to enhance its delivery and support capacity worldwide, hire new people, and accelerate its technology developments.
ProblemTechnology
"Making insurance more flexible and customer-centric is a challenge for insurance companies. Traditional insurance products often feel rigid and lack the responsiveness needed to meet the evolving needs of modern consumers. Inzura aims to solve this problem by providing insurers with the tools and technology to adapt their offerings to real-time data and customer behavior, creating a more dynamic and engaging insurance experience."
Solution
"Inzura offers a software-as-a-service platform that empowers insurers to launch digital services rapidly, implement long-term digital strategies, and enhance user engagement. Their platform encompasses a range of features: - **One-app multi-insurance-line approach:** Consolidating multiple insurance lines into a single app for greater user convenience. - **Flexible on-demand engine:** Enables insurers to introduce new, tailored insurance products based on evolving customer needs and market trends. - **White-label native apps:** Provides insurers with customizable mobile apps for Android and iOS, tailored to their brand identity and offering. - **App-based safe driving coach:** Promotes safer driving habits and potentially leads to lower premiums. - **App-based telematics/UBI:** Leverages telematics data to offer personalized pricing and rewards based on driving behavior. - **Digital photo vault with AI-based photo analytics:** Offers a secure storage solution for documents and utilizes AI to automate damage assessment for faster claims processing. - **Advanced machine learning and analytics:** Provides insights into customer behavior and market trends, enabling insurers to make data-driven decisions."
