Digital Insurance Agenda

INSHUR: Fast, convenient and affordable Private Hire Insurance in minutes

Written by Roger Peverelli and Reggy de Feniks - Founders The DIA Community on Apr 23, 2019

INSHUR is a 100% digital provider of commercial auto insurance, focused in the rideshare vertical. Using its mobile technology platform, proprietary data, and analytics, INSHUR helps professional drivers buy insurance coverage quickly and at a competitive price. In a market where the traditional broker model has remained unchanged, INSHUR delivers a mobile-first platform, allowing drivers to manage their entire insurance lifecycle from their mobile phone. INSHUR currently operates in the UK and New York City.

The startup is the latest InsurTech providing a product tailored to the needs of professional drivers working with services such as Uber, Lyft and Gett in the ‘rideshare’ space. The company’s mobile app allows drivers to obtain a quote and purchase a policy in minutes. INSHUR meets a real-world insurance need. Professional drivers are frustrated with the process of buying insurance. For example, after calling an insurer or broker, it was necessary to send copies of various documents by post or email and sign forms in person. It took several hours or days to confirm cover. Being able to do all of this in the app is what separates INSHUR from the market. Furthermore, mid-term adjustments and payments are managed in the INSHUR app.

How does it work?
The app uses a digital messaging assistant, Ami, to collect basic customer information. The automated chat process makes data entry simple, which is essential considering the diversity of the driver customer base. Another important component is the collection of driver data which the system ingests and analyses in real time.

  • Log in and/or sign up using Email or Uber Login (Uber and email for US and Uber for UK).
  • Scan license using a phone camera to help fill out the details. Once they have the details, they show the policy options.
  • Review order, sign documents and pay, all in the app.
  • Able to manage the policy, get help and report claims in the app.


A policy within 3 minutes
There are three levels of cover and the option to buy monthly or yearly policies. The company claims that a policy can be issued within three minutes. The record is 171 seconds.

Why we selected INSHUR for DIA Amsterdam
INSHUR’s growth in less than a year shows how they are transforming the experience commercial drivers have with insurance. INSHUR provides customers with the ability to get a quote and buy cover in minutes and not days. INSHUR means no more calling around brokers, waiting for a quote, finding parking and coming back with missing paperwork. 

INSHUR delivers a mobile-first platform, allowing drivers to manage their entire insurance lifecycle from their mobile phone.

Check out their live demo here:

Who is INSHUR?
Founded in 2016. David Daiches is a co-founder and COO of Inshur. With an entrepreneurial spirit, his passion is to harness the power of technology in a creative and collaborative manner to solve real world business problems. Since graduating with a degree in mathematics and statistics from Newcastle University he has worked in a wide range of technology roles from programmer to CEO for companies ranging from start-ups to FTSE100. After focussing on retail technology in his early career he moved into Insurance in 2008 running the leading UK software house Insurecom that was sold to Applied Systems in 2013. After meeting Dan (Inshur co-founder) in late 2015 he was immediately struck by the huge opportunity that the commercial auto market presented and in particular the exploding rideshare industry. After multiple iterations of the Inshur platform he’s still continually striving to improve the customer experience and looking at how we can use data to improve our underwriting and claims processes.

David Daiches is a co-founder and COO of Inshur

The team behind INSHUR have over 50 years’ experience working in the insurance and technology industries. They are are active in New York and launched in the UK in November 2018.

INSHUR is backed by Munich Re Digital Partners and MTech Capital and secured a series A of $7m and a credit facility of $2m in January 2019. INSHUR has written $24m GWP within 10 months from launch in 2018. And in 2019 Oxbow Partners listed INSHUR one of its 25 insurtechs to watch in the IMPACT25 list.

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