Earlier this year, Urban Jungle raised £16.5m in funding. Credit: Tumisu, please consider ☕ Thank you! 🤗 from Pixabay.

Insurance challenger Urban Jungle has launched a new motor insurance offering, thereby claiming to become the first UK insurtech to provide multiline coverage, according to several media reports.

The insurer is said to have designed the new offering to provide competitive value to insureds by enabling drivers to tweak the policy so they pay only for the cover they need, reported Insurance Business UK.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Customers can also buy cover for additional people in the household. including, flat-mates, partners and others.

Urban Jungle uses artificial intelligence and machine learning to filter fraudulent activities.

Urban Jungle CEO and co-founder Jimmy Williams was quoted by Insurance Edge as saying: “We have always built Urban Jungle with a view to helping our customers get better cover across a range of insurance products, and it is fantastic to be continuing our product rollout, after our hugely successful homeowners launch last year, and a nice bonus to get there ahead of our peers.

“Our insurance is designed to be simple, clear and fair, which is certainly the case for our new car insurance product.

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.

“Whereas larger insurers may have seen a much-publicised slowdown since the price walking ban introduced in January, we are growing really quickly since launching our renter’s insurance in 2019 and alongside our recent funding, we want to continue this growth so that we can offer more people fair insurance in new markets.”

In May this year, Urban Jungle raised £16.5m as part of a Series A funding round, which was led by Intact Ventures.