Insbee is P2P insurance platform for the motor industry. The platform improves risk segmentation for insurers and lower distribution cost which helps to drive down insurance premium for responsible drivers in the long run.
Vouch is car insurance for safe drivers. We are a social car insurance platform and partner with insurers to deliver fairer car insurance to customers. Currently, safe drivers pay more for car insurance because they subsidise bad drivers. With Vouch, we group safe drivers together and give up to 15% cash back of premiums paid, on top of existing NCD. Safe drivers save insurers money and with Vouch, insurers give these savings back to customers. We also enable our customers to form their own private group of safe drivers - the fewer claims in the group, the more savings for members.
Customers buy their car insurance entirely online for greater convenience (we have API integration with our partner insurers) and can form groups across all 3 insurers. Our platform supports the facilitation of the NCR, enabling communities across insurers, and is an open platform allowing us to work with multiple insurers. Insurers are keen to work with us in order to improve customer experience, change the way insurance is distributed and also improve their profits by paying fewer claims.
Video introduction: https://youtu.be/TaT-c5AYuzo