VivaTechnology is back from 16 to 18 May and will bring together100 000 innovation leaders from more than 125 countries. Early Metrics’ team will be there ( stand M14, Hall 1) and so will many of our rated startups, so we have selected a few rising stars you should meet.
Historically, entrepreneurs and small businesses have been poorly served by traditional insurers mainly because they present higher risks than more established companies and have a more flexible, unpredictable ways of operating. Thankfully the advent of Insurtech has seen new players enter the space, bringing to the market new policies tailored to the needs and specificities of gig economy workers, startups and SMEs.
Among the Insurtech startups rated by Early Metrics that will be present at VivaTechnology 2019, +Simple is definitely one to look out for. +Simple brokers digital insurance for microenterprises, entrepreneurs and sole traders, offering custom insurance products to cover all professional needs. The startup then distributes these insurance products via its website or co-branded pages with partners (including banks and large insurers). Its technical edge lies in using a proprietary scoring algorithm to assess the needs and risk levels of these professionals.
With a rating of 86/100 in September 2018, +Simple is in the top 5% of over 2500 startups rated by Early Metrics. The high rating was largely motivated by the quality of the founding team and its operational partners. Indeed, the founders Eric Mignot and Anthony Jouannau have in-depth expertise in the insurance market and strong leadership skills thanks to their past experiences as CEO France of Hiscox for Mignot and founder of the brokerage firm Cabinet Condorcet for Jouannau. They have also demonstrated their ability to convince important stakeholders, as exemplified by their 10 million euro fundraising in January 2018 as well as by the distribution partnerships secured with Allianz and other groups.
+Simple will be at VivaTechnology from 16 to 18 May 2019. Reach out to us at email@example.com if you would like to be introduced to their team. Also, don’t miss the talk by Thibault Saint-Jevin, Partnership Director at +Simple, on digital customer experience for insurance at the stand of Groupe La Poste on 16th May at 14:50.