Millennials are more apprehensive about getting any type of insurance than previous generations. As more and more millennials forgo homeownership, they are exposing themselves to financial risk when they choose not to secure renters’ insurance for their possessions while renting. Urban Jungle is a digital-first rental insurance platform that offers fast, flexible and affordable insurance options that start at just £5/mo. Targeted towards younger consumers interested in preparing for their financial future, the company was able to double its customer base to 40,000 during the pandemic with plans to expand its offering. AlleyWatch caught up with CEO and Cofounder Jimmy Williams to learn more about Urban’s Jungle experience building traction during the pandemic, strategic growth plans, and latest round of funding from investors that include Mundi Ventures and Eka Ventures.
Insurtech
OPTIMIZ Makes The Cargo Claims Process Fruitful through Its Multisided Platform
$990B worth of food is wasted every year and 14% of that occurs in transit. 45% of all food wasted consists of fruits and vegetables. Much of this wastage is due to problems with shipping. OPTIMIZ, founded by Kingsly Kwalar Kongnyuh, is a cargo claims management platform built for cargo owners, shipping lines, and insurers.
Urban Jungle Raises £2.5M to Help a Generation of Renters Get Affordable Insurance
Relative to previous generations, millennials are much more reluctant to purchase any type of insurance, specifically home or rental insurance. One of the reasons for this is the perceived high cost versus value received. Urban Jungle changes that by providing flexible, monthly rental insurance subscriptions that are easy to buy and manage – all done […]
Aventus Platform Raises £2.6M for its Insurtech Operating Platform
For insurers, many of the best in class technologies for distribution, marketing, customer relationship management and payments lack “insurance” specific features. The Aventus operating system bridges that gap so that insurers – whether incumbent or start-up – can innovate faster.
Tractable Raises $25M for its AI Solution That Can Appraise Auto Damage Better than Humans Can
Each year there are millions of auto accidents around the world, and the disaster and recovery process is essential to help people get back on their feet. A major issue is that the process relies heavily on human appraisers, who have varying levels of expertise and inconsistent availability to assess damage in a timely manner. […]