Pier is a digital insurance company that offers smartphone and automobile coverage through a user-friendly app, eliminating paperwork and providing transparent terms without hidden fees. The platform addresses the need for quick and straightforward claims processing, ensuring rapid reimbursements for theft and damage without deductibles or waiting periods.
Funding
$60.5M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional insurance processes often involve extensive paperwork, complex terms, and slow claims processing, leading to customer frustration and delays in receiving reimbursements for theft or damage. Many policies also contain hidden fees and deductibles, creating uncertainty and dissatisfaction for policyholders.
Solution
Pier offers digital smartphone and auto insurance through a user-friendly mobile app, providing transparent terms and eliminating paperwork. The platform focuses on quick and straightforward claims processing, ensuring rapid reimbursements for theft and damage without deductibles or waiting periods. Pier distinguishes itself by offering coverage for "furto simples" (simple theft), a type of theft often excluded by other insurance providers. The company emphasizes a human-centric approach to customer service, aiming to provide support and assistance during times of need.
Target Audience
Pier targets individuals seeking straightforward and accessible insurance options for their smartphones and automobiles, particularly those who value digital convenience and transparent pricing.
Features
- Mobile app for managing policies, filing claims, and tracking reimbursements
- Coverage for "furto simples" (simple theft) for smartphones
- Comprehensive auto insurance including theft, loss, partial damage, and damage to third parties
- Claims processing with rapid reimbursement times
- No deductibles or waiting periods
- Transparent policy terms with no hidden fees