It has been a memorable year for Neosurance. The innovative insurtech start-up, founded by Neosperience and DigitalTech, has been recently awarded with the Munich Re Digital Partners Award as the ‘Best Insurance Game-changer'.

The recognition comes in the wake of the selection by Plug&Play for their intensive acceleration program, and the partnership with AXA Italy to launch the first push "instant insurance".

The award was received at an event in London which gathered one hundred and fifty participants from the VC and business angels communities as well as numerous players from the insurtech ecosystem.

Mark Dennis, COO of Digital Partners - a global business unit of Munich Re designed to partner with disruptors who are changing the way insurance is experienced by customers - commented:

Digital disruption is changing the insurance industry. We established Digital Partners as an enabler to work with insurtech start-ups and digital verticals who are aiming to change the insurance world, developing better products and providing better customer experiences. The Best Insurance Game-changer award aims to recognise those making a difference in our industry.

Neosurance won the vote by the event participants for its disruptive distribution model based on the principles that “insurance is not bought by but sold to the customer, through the creation of smart emotional engagements at the point of need, directly on their smartphones”.

Neosurance offers AI and machine learning solutions for insurance companies to enable the sale of micro policies ‘on the spot’. Advanced technology in a unique combination with behavioural sciences merge together to create a distinctive customer journey in which insurance becomes instant, contextual and convenient. A big step ahead to bring protection closer to people when and where it matters most.

The core value proposition for clients is building a digital customer experience journey on the basis of contextual, behavioural and emotional data through a “learning by doing” approach, with numerous use cases spanning from travel, sports and mobility to the shared economy, closing the protection gap while making insurance and assistance relevant, easy and convenient.

In the first half of the year Neosurance was selected by Plug&Play Tech Center to take part in their insurtech accelerator in Silicon Valley where it had the chance to expand its network of partners on American soil. Following this inspiring experience, the company announced a brand new partnership with AXA Italy, starting with the launch in the Italian market by the end of June of a travel insurance coverage that can be purchased in 10 seconds.

In July 2017 the startup, led by its CEO Pietro Menghi, a veteran of the insurance and reinsurance industry, has launched its first product to offer instant travel protection, having just finalized a seed round of 700,000 Euro, which brings the total equity raised close to one million.

Photo by Ashim D’Silva on Unsplash

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