INSUBCONTINENT EXCLUSIVE:
Cuvva, the app-based insurance provider that began life offering pay-as-you-go driving cover but has since expanded to also sell travel
LocalGlobe, Techstars Ventures, Tekton and Seedcamp
A number of angels also joined the round, including Dominic Burke, the CEO of Jardine Lloyd Thompson, and Faisal Galaria, the former chief
others drive his car intermittently because of lack of insurance cover, Cuvva was an early pioneer of pay-as-you-go car insurance.The idea,
which was easier explained than done, was to make it possible to insure a car only when it was being driven, and therefore be cheaper for
low mileage drivers, and via an app and access to the DVLA database, make it easier to on-board new drivers for pay-as-you-drive cover.The
insurtech still offers hourly car insurance but its product line has since been expanded to daily covery, as well as a product specifically
In addition, Cuvva entered the travel insurance space, no doubt spotting overlap with its presumably younger, millennial demographic.To that
end, Cuvva says it will use the new capital to launch a new pay-monthly motor product in early 2020 that it says could cut average annual
flexible insurance to help me share my car
Four years on from launch we are still discovering how big the problem we are solving really is
