Fintech Changes Insurance

Comparing health, auto, and more


Metromile

Location: San Francisco, CA
CEO: Dan Preston
Capital Raised: $14 Million
Website: metromile.com
Twitter: twitter.com/Metromile

Metromile is auto insurance meant for consumers who don’t drive often. It uses a small device that keeps track of how many miles the user drives and then charges an insurance fee accordingly. The company is seen as a threat to traditional insurance and therefore looks promising and has received over $14 million in funding.

TheZebra

Location: Austin, TX
CEO: Adam Lyons
Capital Raised: $6 Million
Website: thezebra.com
Twitter: twitter.com/TheZebraCo

TheZebra allows users to compare auto insurances discretely. It provides real-time updates, which the user can use to identify factors that influence rates. The website is essentially an insurance agent that delivers accurate, unbiased quotes.

PolicyGenius

Location: Brooklyn, NY
CEO: Jennifer Fitzgerald
Capital Raised: $750 Thousand
Website: policygenius.com
Twitter: twitter.com/PolicyGenius

PolicyGenius helps the consumer find the best kind of life, pet, and renter’s insurance. They also have a service called insurance checkup, which helps to streamline the user’s insurance. The website can quickly tell the user of problems or redundancies in their current plan.

Oscar

Location: New York, NY
CEO: Mario Schlosser
Capital Raised: $295 Million
Website: hioscar.com
Twitter: twitter.com/OscarHealth

The tag line of Oscar is that it is a new kind of health insurance company. The Peter Thiel backed company, strives to make complicated and confusing processes easy and transparent. It uses technology where traditional companies do not. It also offers benefits like free checkups and free doctor phone calls.

CoverHound

Location: San Francisco, CA
CEO: Keith Moore
Capital Raised: $23.4 Million
Website: coverhound.com
Twitter: twitter.com/CoverHound

CoverHound is an auto insurance platform that strives to keep the consumer in control. It finds personalized quotes while also keeping the information safe. This type of “Kayak” for auto insurance benefits consumers since they can go to one website to see many different quotes to find the best price.

Abaris

Location: Philadelphia, PA
CEO: Matt Carey
Capital Raised: $450,000
Website: myabaris.com
Twitter: twitter.com/MyAbaris

Abaris is a startup based on providing a steady income for retirees. The website determines the users retirement needs and then provides quotes from insurance companies with the facts and not a sales pitch.

Trov

Location: Danville, CA
CEO: Scott Walchek
Capital Raised: $13.3 Million
Website: trov.com
Twitter: twitter.com/mytrov

Trov allow users to track and itemize their possessions. Think of it as like a “Mint for your stuff”. Their platform tracks items’ values and gets quotes for each. Trov provides a wealth of information that the user has access to via mobile devices.

SimplyInsured

SimplyInsured allows small businesses to get simple quotes on insurance. It estimates the net costs when purchasing health insurance. Users can then get coverage based on their unique needs. The company also handles all the necessary paperwork to quickly implement a new plan.

California Fintech Network is a non-profit trade organization for professionals, founders, executives, and investors that work in financial technology. Find more detailed research at www.CaliforniaFintech.org

California Fintech Network is a private network of professionals, founders, executives, and investors that work in financial technology. Find more detailed research at www.californiafintech.net

One clap, two clap, three clap, forty?

By clapping more or less, you can signal to us which stories really stand out.