Insurion

History

2021: Attracting $400,000 investment

The parametric insurance Insurion service, a graduate of the Sber500 accelerator, raised $400 thousand in exchange for a 6.67% stake in Singapore the Fund4SE fund at a company valuation of $6 million. This Sber was announced on December 27, 2021.

Insurion is a parametric insurance service that big data automatically determines the facts of insurance cases. The insurance payment and the parameters under which it can be paid are determined by the parties in advance and, if an insurance event occurs, the payment is made automatically. Neither insurers nor insurers need to assess the damage incurred and rely on subjective judgments. Solutions on Insurion's parametric insurance platform cover the sectors, and tourism. logistics Since agriculture the launch of the service in 2017, more than 5 million people have already used it.

The startup became a graduate of the second Sber500 battle in 2020, at the same time it received 6 million rubles from Sber in exchange for a 5% stake. The solution from Insurion is also used by SberInsurance as part of the Traveler Insurance program - when a regular flight is delayed by more than two hours, customers simply provide photos of boarding, then the system checks the number of hours of delay and when the event is recognized as insurance payment is made automatically.

{{quote 'author = said Artem Kokorin, CEO and co-founder of Insurion. |

The attracted investments will be aimed at testing demand for existing products in foreign markets, including in the Southeast Asian region, as well as the development of new MVP products,}}

Шаблон:Quote 'author = noted Alexander Khabarov, CFO and Fund4SE Partner.