Insurtech Inzura hires telematics expert for UK and Europe
UK-based insurtech firm Inzura.ai, which offers insurers and brokers mobile-centric tools designed to accelerate user engagement and company profits using advanced machine learning, integrated dashcams and AI, has hired a senior industry telematics specialist to further expand its business.
Andrew Bennett joins Inzura as business development director for UK and Europe. He was previously director and co-founder of ITS Telematics Solutions. Prior to that, he was a director at Coverbox and was a founding member of the insurethebox telematics broker start-up team. He has almost 20 years’ experience in the general insurance industry, acquired with Allianz, BGL Group, Direct Line and General Motors subsidiary MICL.
The appointment follows Inzura's £1 million pre-A funding from insurance industry leaders earlier in June 2019, following a seed investment round of $1 million in 2018.
Richard Jelbert, CEO of Inzura, said: “We’re privileged to have Andrew on board at Inzura; he is one of the industry’s leading names in telematics and his experience in the motor market particularly reads like a ‘who’s who’ of insurance.”
“Digital transformation is underway across the insurance industry and we make this process as rapid and simple as possible,” he added. “Our products engage policyholders and monetise data. We are currently working with global insurance brands and brokers to cut their operating costs and improve risk by leveraging data, Artificial Intelligence and engaging smartphone apps, and we do all this without having to replace legacy systems. We’re on an exciting journey and I’m delighted to welcome Andrew to the team.”
Bennett commented: “Inzura works with brokers and insurers to deliver enhanced digital versions of their insurance products through smartphone apps, leveraging telematics, integrated dashcams and artificial intelligence (AI). With some solutions deliverable in just 6 weeks and customers already achieving over 30% improvements in loss ratio, together with a 100% growth target in two years set for the company, Inzura is the new Insurtech on everyone’s lips. I’m excited to be a part of the success story.”
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