Source: Fintech Finance News
The round was led by Viola Growth, with the participation of MS&AD Ventures and existing investors. It brings INSHUR’s funding to a total of USD $78.5m, a significant achievement during a period when global tech investment has become ever-more focused on strategic growth, profitability and strong market positioning.
INSHUR solves this challenge through its superior underwriting capabilities and exceptional claims handling, enabled by its innovative technology platform, to offer a suite of products tailored specifically for the on-demand lifestyle – helping workers to stay on the road and keep earning. By leveraging AI as well as new technology features including enhanced self-service functionality, INSHUR is able to focus on enhanced customer satisfaction and retention as well as achieving a market leading loss ratio.
Dan Bratshpis, CEO and Co-Founder at INSHUR, comments: “The future is on-demand. In just a few years, the way we access services like taxis and the way we purchase our groceries and pizzas has changed forever. In fact, our report found that nearly half of on-demand drivers had doubled their hours in 12 months. As the on-demand economy gains momentum around the world, it’s our mission to support the world’s biggest platform and insurance partners in ensuring that insurance coverage is fair and accessible for on-demand economy drivers.”
Natalie Refuah, General Partner at Viola Growth adds: “Despite challenges faced by certain areas of Insurtech in recent years, companies that focused on specialized insurance and demonstrated excellence in technology, operations, and financial performance have managed to scale rapidly and outperform incumbent insurers. INSHUR, with its unique and innovative approach to on-demand economy drivers’ insurance – an embedded solution featuring cutting-edge technology and deep insurance expertise – has gained a leading market position and impressive revenue growth. We are excited to join the journey!”
Read the full article: https://ffnews.com/newsarticle/funding/inshur-secures-19m-led-by-viola-growth-to-scale-operations-across-the-us-and-build-global-momentum/
