nSurely

nSurely’s AI-powered InsurTech platform offers insurers a white-label solution to evaluate risks and offer usage-based motor insurance by gathering vehicle data via telematics. It offers a trio of solutions that make real-time predictions of collisions (nSureDynamic), integrate with legacy systems and third-party infrastructure (nSureEnvoy), and provide a mobile application and software development kit (nSureApp) for insurance providers. nSurely claims that insurance providers can launch usage-based insurance schemes within a week using its platform, thanks to its proprietary system that ensures a faster integration with legacy infrastructure.

In December 2021, the company raised EUR 535,000 (~USD 604,000) in a seed funding round co-led by Gerry Hassett (co-founder, Instech.ie) and Niall Dorian (former CEO, Linked Finance). The company is expected to use the fresh capital to fund its European expansion, with plans to launch pilot projects in Ireland and the UK in 2022, in addition to its existing operations in the Middle East.