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.
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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 […]