FF News Logo
Wednesday, April 22, 2026
FinovateSpring | FFNews

Breaking News

InsurTech NY: DataHaven on Eliminating Data Silos to Achieve a Single Source of Truth MPE 2026: Uber on Scaling Payments Across 80+ Global Markets InsurTech NY: EarthDaily on Climate Risk Data InsurTech NY: Turris on Distribution Workflows Investa Secures Direct FCA Authorisation, Furthering Growth in UK Retail Options Trading Smartstream Research Reveals Five Realities Redefining Buy-Side Reconciliations bunq Surpasses €100m Traded in First Year of Offering Crypto Nuvei Launches Direct Acquiring in Mexico  TheZebra.com Reports Nearly Half of First-Time Homebuyers Could Struggle With Mortgage Costs as Insurance Premiums Climb Consumer Support for AI in P&C Insurance Nearly Doubles in 2026, Insurity Survey Finds Canopy Connect Expands Insurance Intake Platform to Meet Agency Clients Where They Are Mastercard Study: Nearly 9 in 10 Consumers in Latin America and the Caribbean Are Ready to Embrace Everyday Digital Payments Otoma Unveils New Global Payments Infrastructure, Names New Leadership FIS Levels the Playing Field: New Trading Platform Gives Firms Wall Street-Grade Investment Tools Ballerine Introduces Agentic Detection to Stop Merchant Fraud Early as AI Scams Rise

July 17 2019

Insurtech startup, Cuvva smashes one million policies sold barrier

Share this post:

Share on LinkedIn Share on WhatsApp

UK-based short-term insurance startup, Cuvva has sold over one million policies via its mobile app, and has experienced roughly 750 per cent growth in policy sales in the last two years. Since selling its first policy in 2016, the startup has sold over 32 million hours of motor insurance alone, providing a solution for UK’s sharing economy. Challenging the insurance sector, Cuvva was the first to provide both hourly motor insurance and insurance via an app in the UK.

Investment interest in insurtech is accelerating as new players exploit gaps that incumbent insurers are unable or unwilling to address. According to Willis Towers Watson, global investment in insurtech hit $1.42 billion in the first quarter of 2019. Additionally, the firm reported that deal count in the UK increased by 50%, during the same period.

New platforms are transforming the customer interaction model, differentiated product offerings are 10x’ing overall customer experience. Further activity will be seen in the sector as insurtechs develop customer-focused offerings, opposed to insurer led product-focused offerings, as seen in the past.

Commenting on Cuvva’s recent growth, founder, Freddy Macnamara said: “Cuvva is building a full-service insurance marketplace for the 21st century.

“Historically, lengthy, repeated sign up processes and complicated jargon-filled insurance policy documents don’t support customer needs. We are on a mission to change this by building insurance the way it should be – flexible, simple and jargon-free.”

Cuvva boasts unrivaled 24/7 customer support, with an average one minute response time. Thus far the company has expanded to offer short-term personal car, learner, van, taxi, and single trip travel insurance.

  1. InsurTech NY: DataHaven on Eliminating Data Silos to Achieve a Single Source of Truth

    Insurtech

     Read more
  2. MPE 2026: Uber on Scaling Payments Across 80+ Global Markets

    Event Videos 2026

     Read more
  3. InsurTech NY: EarthDaily on Climate Risk Data

    Insurtech

     Read more
  4. InsurTech NY: Turris on Distribution Workflows

    Insurtech

     Read more
  5. Investa Secures Direct FCA Authorisation, Furthering Growth in UK Retail Options Trading

    News

     Read more
FinovateSpring | FFNews