Cuvva's pay-monthly product aims to cut out brokers and aggregators
InsurTech Futures: Start-up has also raised £15m, with Lloyd's of London chairman Bruce Carnegie-Brown and JLT CEO Dominic Burke among the backers.
InsurTech broker Cuvva is set to launch a pay-monthly motor insurance product, which it claimed is the first of its kind.
According to the app-based broker, the new product will launch in early 2020 and the plan is to “cut out all middlemen including brokers and comparison websites”.
The start-up is regulated as an insurance broker and founder Freddy Macnamara denied that it aims to be a disruptor. He described the business as a technology platform and a marketplace.
“We want to work with
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