Scotland based startup Cuvva has entered the insurance scene by providing an innovative service to consumers: car insurance for as short a term as one hour. In an age of on-demand solutions at our fingertips, the insurance sector has struggled to keep up, a trend that Cuvva intends to break.
Using Cuvva’s app, customers can insure themselves on a car at short notice, whether it be on a friend or family member’s vehicle. Drawing information from the DVLA database and from the customer’s driving licence, Cuvva’s app checks for any flagged issues before confirming the micro-term policy. The car in question must have an annual insurance policy in place. Cuvva’s proposition taps directly into the sharing economy trend, encouraging shared use of assets and blurring boundaries between asset ownership and rental.
Cuvva was founded in early 2014 and has raised c. £500k since inception
Chris leads engagements across strategy and transformation, focusing most of his time on global reinsurance and UK & Ireland retail insurance.
Chris started his career at Munich Re where he was a D&O underwriter. During this time, he gained his ACII qualification. He then moved into consulting, where he has spent 20 years advising (re)insurance management teams around the world on topics including strategy development, operating model redesign, governance optimisation, underwriting transformation and innovation. Chris lives in London and spends a lot of his time with clients in Bermuda and Continental Europe.
Chris frequently authors Oxbow Partners papers and articles. He was the lead author on our InsurTech Impact 25 series. He is a dual British and Austrian citizen and speaks fluent German.