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词条 Cuvva
释义

  1. Concept

  2. Funding

  3. Awards

  4. References

  5. External Links

Cuvva is a London based fintech start up using software to offer car insurance over flexible time periods. The company sells hourly insurance through its app in a move designed to appeal to infrequent drivers.[1] The company was founded by James Billingham and Freddy Macnamara.[2] As of April 2017, the app had over 100,000 downloads.[3]

Concept

Macnamara has said that the company was inspired by a 2013 conversation in a bar where he commented to a friend that "It was ridiculous that you couldn’t borrow a car for an hour, because of the difficulty of getting short-term cover [...] I could order an Uber or a Deliveroo to my house, but I couldn’t buy insurance for a short period quickly."[4]

The company's business strategy is designed to offer an alternative to annual insurance to drivers who cover fewer than 4,000 miles per year. [5]

[6] As opposed to paying a flat annual rate, customers pay a monthly fee and top up with hours of premium insurance.[1] Traditional short term car insurance policies offer a minimum time range of 24 hours.[7] The company takes commission and fees on every cover sold.[4]

Funding

The company raised over £2 million in funding since 2014 from various investors including Techstars Ventures, Tekton Ventures, Seedcamp, Nick Hungerford (founder of Nutmeg) and Ian Hogarth (founder of SongKick). [2][1]

Awards

City A.M. awarded the business Fintech Company of the Year in November 2017.[8]

References

1. ^{{cite web|last1=O'Hear|first1=Steve|title=Cuvva launching pay-as-you-go car insurance aimed at infrequent drivers|url=https://techcrunch.com/2017/01/24/cuvva-localglobe/|website=techcrunch.com|accessdate=10 November 2017}}
2. ^{{cite web|title=Cuvva Overview|url=https://crunchbase.com/organization/cuvva|website=crunchbase.com|accessdate=10 November 2017}}
3. ^{{cite web|last1=Burgess|first1=Kay|title=On-demand insurance app helps drivers hit the road|url=https://www.thetimes.co.uk/article/on-demand-insurance-app-helps-drivers-hit-the-road-tpdjdvx38|website=thetimes.co.uk|accessdate=10 November 2017}}
4. ^{{cite web|last1=Smith|first1=Mark|title=Pay-as-you-drive startup threatens car insurance dinosaurs|url=https://www.theguardian.com/small-business-network/2017/jun/01/edinburgh-startup-threatens-car-insurance-cuvva|website=theguardian.com|accessdate=10 November 2017}}
5. ^{{cite web|last1=Ralph|first1=Oliver|title=Insurance and the big data technology revolution|url=https://www.ft.com/content/bb9f1ce8-f84b-11e6-bd4e-68d53499ed71|website=FT.com|accessdate=10 November 2017}}
6. ^{{cite web|last1=Hull|first1=Rob|title=Own a car but rarely use it? Insurer launches pay-as-you-go policy so occasional drivers can dodge high-cost premiums|url=http://www.thisismoney.co.uk/money/cars/article-4156780/Insurer-launches-new-pay-drive-policy.html|website=thisismoney.co.uk|accessdate=10 November 2017}}
7. ^{{cite web|title=What is short term car insurance coverage?|url=https://insurify.com/sure/car-insurance/what-is-short-term-car-insurance-coverage/|website=insurify.com|accessdate=10 November 2017}}
8. ^{{cite web|title=City A.M. Awards 2017|url=http://www.cityam.com/awards|website=cityam.com|accessdate=10 November 2017}}

External Links

  • [https://cuvva.com/ Company website]
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6 : Financial services companies of Scotland|Internet in Scotland|2014 establishments in Scotland|Companies established in 2014|Financial software companies|Financial technology companies

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