“It’s exciting to have been chosen among 1000 candidates from all over the world. It is a great achievement for Neosurance, the Plug and Play Tech Center is an inception towards the Valley and the world scene of Insurtech; we will gain access to a network of 180 venture capital investors, and the vast know-how of Plug and Play” said Pietro Menghi, Neousurance CEO, commenting on the news that the company was accepted into the next batch of 25 startups taking part in the Insurtech Acceleration Program, held at the Silicon Valley Tech Center. Three months of acceleration, and the next highlight will be the Expo Demo Day in early June, when Neosurance and other participants may present themselves (with a pitch) to partner companies and to the community of venture capitalists, depicting their own solution, their business model, potential market, the team.
“Our yearning, namely offer customized micro policies (based on the context) via push notifications directly to smartphone, is getting more and more attention even if we are still at the beginning of our insurtech adventure”, said again Menghi. “In this age of mobile and mobility, where virtuality and material merge into a single experience, smartphones are an extension of the person making up a strong connection between the universe of the individual and the outer world, opening up a whole new world based on emotional and spontaneous purchasing behavior, even towards insurance products”.
Entering Plug and Play, then, is more than important for a company that wants to work primarily in the B2B, that is, sell its own technology to insurance companies.
Less than a year ago, Neosurance had drawn attention to itself in another important European context, the Insurance IoT Europe Awards in London, winning the first prize, we reported in this article whereof.
Back then, Dario Melpignano, co-founder and CEO, explained the future of insurance according to the company (see here also a video) and technology and the proposal that it has developed.
“There is no single thing that revolutionises the insurance. These are several, the mobile, the internet of things, wearable. The future of the Insurance is in granular products, in micro-momentscapable of reaching its customers when they need it, through new channels. This was the inspiration behind the creation of Neosurance”.
Neosurance must be analyzed primarily as a technology company, which is directed to the insurance sector, offering to companies (in particular to the most innovative that in the website are called “insurance disruptor”) based on a system of micro insurance policies push sales: with just a touch of the screen you can kick off an insurance policy. The solution is designed over an AI system working with the IoT data, capable to “learn” and suggest to the end customer of the company, the right insurance at the right time. General purposes are manifold, but this could be an easy example of how the service could be used: you’re traveling and you’ve not subscribed the insurance. Landing in London, you get a personalized alert advising you of the possibility to make it for a short period and in a few steps directly from your device. Easy, fast, convenient.
Recently, the start-up has had a capital increase through the investment of Pietro Menghi, new CEO of the company, and Matteo Carbone, founder and director of the Osservatorio Connected Insurance, and Senior Advisor.
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