UK mobile-centric InsurTech provider, Inzura, has begun discussions with a major Asia-headquartered life insurer about its digital insurance platform, Life Insurance International can reveal.

Through the use of smartphone telematics, photo recognition, and other digital technologies, Inzura aims to revolutionise the way insurance is done, from policies built around real-time user data through to a more streamlined customer experience – all via the customer’s smartphone.

Inzura’s initial offering includes a single customer engagement app for motor insurance. It also allows for photo-based sign-up and claims.

Speaking to Life Insurance International, Inzura’s CEO Richard Jelbert, said the discussions with the Asian life insurer currently involve understanding how the insurer wants to engage with the market.

Cross-selling

He said: “It could be a cross-sell for the insurer involving life insurance that is initiated through the app. We offer insurers a light-touch way to market.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Founded in December 2015 following an extensive R&D programme, Inzura said it is actively engaged in the UK and emerging markets in Asia, with multiple insurers, brokers and other clients already on board.

The company is co-founded by Richard Jelbert and Ian McWilliams

According to Inzura, the benefits for insurers of its platform are increased margins and reduced management costs, as well as ways to combat fraud and embrace new technology.

For consumers, Inzura says the benefits are better customer service, lower rates and rewards