Direct Line Group

Pet ownership is at an all time high in the United States and the pet care economy is booming.

Pet Care Tech

<p><span>Based in the UK, PawSquad provides on-demand veterinary telehealth services through video consultations and online chats. Pet owners can instantly access veterinary practitioners without pre-scheduling. The company also offers home visits on request. Advice from general practitioners is priced at around USD 26 per visit, while specialist consultations are priced at around USD 62 per visit. PawSquad provides specialist services in dermatology and plans to introduce other areas, such as endocrinology, behavior, gastroenterology, and oncology in the future. As of February 2021, the company operated more than 1,500 clinics across 12 countries in Europe and had an employee base of more than 22,000, including 6,0000 veterinary professionals.</span></p><p><span>In March 2021, was acquired by UK-based veterinary service provider IVC Evidensia, that operates across Europe, for an undisclosed amount. IVC Evidensia operated more than 1,500 clinics across 12 countries in Europe as of February 2021. The company also has an employee base of more than 22,000, including 6,0000 veterinary professionals.The acquisition will allow PawSquad to expand geographically while also providing pet owners accessibility to IVC Evidendsia’s veterinary professionals through PawSquad’s telehealth platform.</span></p><p><br></p>

FiveAI is a computer software company that provides a software platform designed for providing a solution in urban mobility in public transport to complex urban environments. Its platform is designed for Autonomous Vehicles, Machine Learning, Artificial Intelligence to develop self-driving software. The company was founded in 2015 and headquartered in Cambridgeshire, United Kingdom.

Canopy exists to make renters visible, to give them an identity, and to improve their rental lives.   Canopy makes the rental process more affordable, more transparent and more financially rewarding. Canopy Renters carry their rental reputation with them wherever they go, making them an easier choice to rent to. We innovate to continue to help Renters move more freely and reach greater financial freedom. It means getting to a point where Renters have more money in their pockets and can live the life they want to live.

PawSquad was created by a team of dedicated vets and pet lovers. We believe pet owners deserve the best quality veterinary advice, wherever and whenever they need it. Revolutionising veterinary care: •	Pets need vets to ensure their lifelong health and well-being. Owners need easy access to reliable advice at the moment of need, without delay and without having to take time off work or wait for a busy vet to call you back •	We provide round-the-clock online veterinary advice by video consultation or live text chat from the stress-free convenience of your living room…or office, or train or holiday, or wherever you happen to be!  •	Our vets have the flexibility to give you all the time you need. This means there is no rush and you can ask whatever questions you like, no matter how small •	More convenient access to veterinary advice means pet owners can engage sooner with experienced veterinary professionals, preventing unnecessary trips to the vet and ensuring earlier intervention when it is needed…your pet will thank you!

The Floow was founded and incorporated in 2012 by their CEO Aldo Monteforte, their CIO Dr Sam Chapman, and Paul Ridgway. The idea and vision for The Floow was first conceived by Aldo who wanted to make vehicles safer, smarter and cheaper for all. He saw the opportunity to change the telematics industry by making use of data and social sciences in ways that could change driver behaviour and lower the risks on their roads. The company name - The Floow - was inspired by a concept in social science. If you experience 'flow' you are in a state of deep concentration and can make amazing things happen. The early days of setting up the company saw the founding team in a state of almost constant flow. And even today, with more than 100 people and having achieved rapid growth and success, it's their shared focus on making mobility smarter and safer for all that keeps the team in a state of flow.

Direct Line Insurance is a company with a mission to simplify and improve the value of insurance for customers. The company sells insurance in the following four divisions: commercial, rescue, other personal lines, personal lines motor, and personal lines home. Commercial insurance is offered to small and medium-sized businesses, and rescue and other personal lines include pet, travel, and rescue insurance. Everything that Direct Line sells is insurance.

<div>  <p>    Direct Line Insurance is a company with a mission to simplify and improve the value of insurance for customers. The company sells insurance in the following four divisions: commercial, rescue, other personal lines, personal lines motor, and personal lines home. Commercial insurance is offered to small and medium-sized businesses, and rescue and other personal lines include pet, travel, and rescue insurance. Everything that Direct Line sells is insurance.  </p></div>

Direct Line Group announces new appointments

New insurance models are disrupting a centuries-old industry with a focus on personalization and convenience

InsurTech: Personal Lines

Startups in the automobile insurance space, predominantly providing usage-based insurance using telematics devices and/or smartphone sensors.

Startups that offer homeowners and renters insurance using artificial intelligence (AI) and smart home devices to issue policies and validate claims.

Startups that provide life insurance through digital channels personalized to an individual’s circumstances and replacing traditional practices, such as medical tests, with data-driven underwriting.

Companies that offer personal line covers for travel and pets through digital channels and use technologies such as flight tracking and online claims processing.

Providers of comparison websites and tools for carriers, agents, and consumers to compare and purchase policies.

Companies that provide personalized health insurance to consumers via digital channels and use technology such as wearable medical devices to monitor health and improve user experience and underwriting.

Companies that offer digital-only insurance for personal belongings (bicycles, mobile phones, laptops, and cameras), providing protection against theft, loss, or damage, with financial reimbursement or replacement.

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 <p>Direct Line will introduce a unique range of motor insurance products on price comparison websites. Unlike their direct offerings, these products will offer different coverage levels and features.</p>
 <p>The aim of this move is to increase visibility of Direct Line's insurance products and simplify the purchasing process. This strategy is informed by the fact that 90% of consumers select their insurance through price comparison websites.</p>
 
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Direct Line Group

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