Cuvva

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company

Cuvva is an insurance company based in London, offering short-term car insurance and travel insurance. The company was launched in 2016 by Freddy Macnamara.[1]Template:Deprecated inline

History

Cuvva was launched in 2016. It was the first insurance company to sell hourly car insurance policies, and the first to sell policies through an app.[2]

As well as temporary car insurance, Cuvva also offers short-term policies for learner drivers and vans.

Since 2019, Cuvva has also offered single-trip travel insurance.[3]

As of July 2019, Cuvva has sold more than 1,000,000 temporary car insurance policies.[4] And in October, Bruce Carnegie-Brown, chairman of Lloyds of London and formerly of Moneysupermarket.com, joined Cuvva as chairman.[5] Carnegie-Brown is also vice-chairman at Banco Santander.

In 2019, Cuvva raised a £15m Series A, to support the launch of its new pay-monthly car insurance.[6]

Funding

The company has raised over £17 million in funding since 2014 from various investors including Techstars Ventures, Tekton Ventures, Seedcamp, LocalGlobe, Breega, Nick Hungerford (founder of Nutmeg) and Ian Hogarth (founder of SongKick).[1][7]

In 2019, Cuvva raised a £15m Series A.[8]

Awards

City A.M. awarded the business Fintech Company of the Year in November 2017.[9]

Cuvva won The Insurance Start-up Award at The British Insurance Awards in 2017.[10]

In January 2020, Cuvva was awarded "Best User Experience" at the 11:FS Pulse Awards.[11]

References

  1. 1.0 1.1 "Cuvva Overview". https://crunchbase.com/organization/cuvva. Retrieved 10 November 2017. 
  2. "Template:Citation error". London TechWatch. https://www.londontechwatch.com/2019/09/cuvva-flexible-auto-insurance-hourly-freddy-macnamara/. 
  3. Syed, Aara. "TECHNOLOGY Cuvva expands into travel with new app-based product". Insurance Age. https://www.insuranceage.co.uk/technology/4160241/cuvva-expands-into-travel-with-new-app-based-product. Retrieved 23 August 2019. 
  4. "InsurTech Startup Cuvva Smashes One Million Policies Sold Barrier". https://thefintechtimes.com/cuvva-policies-sold-barrier/. Retrieved 2019-08-30. 
  5. Axling, Ida. "Lloyd's chairman Bruce Carnegie-Brown joins Cuvva". Insurance Age. https://www.insuranceage.co.uk/technology/4238651/lloyds-chairman-bruce-carnegie-brown-joins-cuvva. Retrieved 10 October 2019. 
  6. O'Hear, Steve. "Cuvva raises £15M Series A to launch flexible monthly car insurance". TechCrunch. https://techcrunch.com/2019/12/03/cuvva-raises-15m/. 
  7. O'Hear, Steve. "Cuvva launching pay-as-you-go car insurance aimed at infrequent drivers". https://techcrunch.com/2017/01/24/cuvva-localglobe/. Retrieved 10 November 2017. 
  8. O'Hear, Steve. " "Cuvva raises £15M Series A to launch flexible monthly car insurance". https://techcrunch.com/2019/12/03/cuvva-raises-15m/". Retrieved 3 December 2019. 
  9. "City A.M. Awards 2017". http://www.cityam.com/awards. Retrieved 10 November 2017. 
  10. "The British Insurance Awards 2017". https://www.insuranceawards.com/delete. 
  11. Kocianski, Sarah. "Pulse Awards Report – 2020". 11:FS. https://pulse.11fs.com/research-reports/2020/01/pulse-awards-report-2020. 

External links


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