Inshur, a New York, London, UK and Amsterdam, The Netherlands-based on-demand insurance provider, raised USD$26M in funding.
Backers included JVP, Munich Re Ventures, Viola Fintech and MTech Capital.
Inshur has also made a strategic acquisition of American Business Insurance Services (ABI) to expand and scale its operation across the United States.
Founded in 2016 and led by CEO Dan Bratshpis, Inshur provides embedded insurance solutions and complementary technology integrations for platform providers such as Uber and Amazon. Through data, technology and in-house expertise, the company provides insurance that satisfies the diverse insurance and protection needs of on-demand drivers. Thanks to its underwriting capabilities and claims handling, it offers a personalized suite of products that protects the wellbeing of its customers and provides flexible coverage and protection to drivers. Its use of performance-based ratings instantly removes some of the biases associated with location, age and gender to offer on-demand drivers the coverage. Inshur is an Uber endorsed insurance provider for independent drivers in certain North American and European markets.
Led by Dave Haley, CEO, American Business Insurance Services (ABI) has been a commercial transportation insurance provider in the United States since 1983, serving more than 50,000 insured vehicles and thousands of satisfied customers nationwide. It specializes in insuring taxis, limousines, ambulances and other transportation network companies, offering a variety of coverage options to meet clients’ needs, including motor liability, general liability, damages, industrial injuries, collision insurance and captive solutions.
FinSMEs
21/04/2023