InsurTech Futures: Pay-per-mile broker gets £350,000 investment
The on-demand motor start-up is gearing up for UK launch as it awaits FCA authorisation.
InsurTech broker By Miles (formerly known as Just Miles) has received investment of £350,000 from Hambro Perks and InMotion Ventures and a number of angel investors.
The London based insurtech startup stated that it is set to launch what it described as a new kind of pay-per-mile insurance policy later this year.
The cover will be available along with a smartphone app that By Miles claimed will make owning a car simpler and more cost-effective for lower mileage drivers.
The business was
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@insuranceage.co.uk.
You are currently unable to print this content. Please contact info@insuranceage.co.uk to find out more.
You are currently unable to copy this content. Please contact info@insuranceage.co.uk to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@insuranceage.co.uk
Most read
- In Depth: Managing cyber risk in an ever-changing security landscape
- Covéa cuts losses but underwriting deficit grows
- JMG strikes its biggest deal of 2024 with BQI swoop