Bluezone to enter life insurance industry amid £1.5m funding

Aims to "reinvent" traditional underwriting processes

Hemma Visavadia
clock • 1 min read

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 Bluezone aims to "reinvent" traditional underwriting processes which are often "outdated, manual and cumbersome" and ultimately makes it difficult for individuals with chronic conditions to access insurance. ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Technology

SimplyBiz to add Defaqto's Engage solution

SimplyBiz to add Defaqto's Engage solution

“We will help firms give more advice, to more clients”

Jaskeet Briah
clock 20 March 2024 • 1 min read
Iress to sell UK mortgages business

Iress to sell UK mortgages business

Advancement in transformation strategy

Jaskeet Briah
clock 15 March 2024 • 1 min read
Fintel-backed CRM specialist Plannr debuts to intermediary market

Fintel-backed CRM specialist Plannr debuts to intermediary market

Built and developed with pilot of 70 advisers

Hope Coumbe
clock 04 March 2024 • 2 min read