We have the opportunity to redesign insurance from the ground up.

We are on the verge of a revolution in technology, unlike anything we’ve seen before.

Machine Learning and Artificial Intelligence are about to change the way we live. Any cognitive task a human can perform in one second a machine can now do.

Intelligent Machines are outperforming humans in a growing number of tasks and this will not only change the way we interact with them, and each other, but will transform the way we do business.

Y Combinator, the world’s most successful startup incubator with alumni including Airbnb, Dropbox and Stripe recently announced it is about to invest heavily in Artificial Intelligence with the following statement;

Some think the excitement around Artificial Intelligence is over-hyped. They might be right. But if they’re wrong, we’re on the precipice of something really big. We can’t afford to ignore what might be the biggest technological leap since the Internet.

Y Combinator

Indeed, when considering insurance, technological advancements through Chat Bots, Machine Learning and Artificial Intelligence has finally created the opportunity to redesign insurance with a blank canvas from the ground up.

Insurance under its traditional model is extremely ineffective with a huge chunk of consumer premiums going towards overheads including marketing, actuarial, commissions, onboarding, customer service, claims processing and fraud before finally addressing the main objective of insurance - risk and volatility.

By removing humans from the system and developing new business models made available through mobile apps, social networks and artificial intelligence a number of Insurance startups attacking the $4.8 Trillion global market have managed to reduce premiums by over 40%.

Insurtech startups utilising Machine Learning, Artificial Intelligence and Chat Bots

Cover Genius

Founded in 2013, Sydney
API + Machine Learning

Cover Genius applies patent-pending technology and multivariate testing to optimise the profitability of insurance as an ancillary revenue line.

By partnering with underwriters, Cover Genius via their API, optimise the price, front-end and policy in 70+ countries across 20 languages utilising data science and machine learning technology.



Founded in 2015, New York
Mobile Apps + Artificial Intelligence + Chat bots + Behavioural Economics

Lemonade Insurance Company is a licensed insurance carrier, offering homeowners and renters insurance powered by artificial intelligence and behavioral economics. By replacing brokers and bureaucracy with bots and machine learning, Lemonade promises zero paperwork and instant everything.

Within minutes a dynamically priced home and renters insurance policy is generated by “Maya”, Lemonade’s own proprietary AI bot.

On December 23, 2016 Lemonade’s claims bot “Jim” had reviewed the claim, cross referenced it with the policy, ran 18 anti-fraud algorithms on it, approved the claim, sent wiring instructions to the bank, and informed customer the claim was closed within 3 seconds.

In a recent blog post Lemonade claimed it can reduce premiums by up to 80% in some cases.



Founded in 2015, London
Mobile App + Artificial Intelligence

Brolly is the UK's first artificially intelligent insurance advisory application. Using web and mobile apps, customers are delivered contextually relevant insights that help them to make informed decisions about their insurance. Customers can better understand where they're overinsured or underinsured, where they have missing or duplicate cover, and where they can get a better price for the cover they need.


The Numbers

Insurance Tech Annual Financing Trend 2011-2016

AI Annual Global Financing History 2012-2016

Data provided by CB Insights

Some of our clients


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Nick Teulon


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Dean Budd


0405 223 506