Bluezone to enter life insurance industry amid £1.5m funding

Aims to "reinvent" traditional underwriting processes

Hemma Visavadia
clock • 1 min read
Bluezone to enter life insurance industry amid £1.5m funding

Insurtech Bluezone has received £1.5m in funding to help grow its life insurance business and launch its first life insurance product.

The funding round was led by Insurtech Gateway and AV8 Ventures, and included investors Oxford Capital, Portfolio Ventures and the chief executive of AXA, chief transformation officer at Aegon Group and the former chairman of NHS England. The start-up insurtech plans to use the investment to expand its team and launch its first product, a Type 2 Diabetes life insurance product. Bluezone aims to "reinvent" traditional underwriting processes which are often "outdated, manual and cumbersom...

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