Instant Insurance utilizes blockchain technology to provide transparent and efficient insurance solutions. The platform addresses the challenges of trust and fraud in the insurance industry by ensuring secure transactions and real-time policy management.
Funding
$370K 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 policies often require lengthy application processes and don't cater to short-term, specific needs, leaving individuals uninsured for brief periods or specific activities. Comparing policies from different providers can be time-consuming and complex.
Solution
Poleecy provides an instant insurance platform that allows users to quickly find, compare, and purchase temporary insurance policies directly from their smartphones. By partnering with established insurance brokers, Poleecy offers a range of micro policies that cover travel, vacations, pets, and other specific needs. The platform uses blockchain technology to securely record transactions and manage policies, ensuring transparency and efficiency. Poleecy's AI-driven system suggests the most suitable micro-policy based on the user's needs and location, providing immediate coverage wherever they are.
Target Audience
Poleecy targets individuals who need short-term insurance coverage for specific activities or events, such as travelers, pet owners, and those seeking temporary coverage for their homes or vehicles.
Features
- Mobile app for iOS and Android, enabling insurance purchase in a few clicks
- Comparison tool to evaluate prices and features from multiple insurance companies
- Blockchain-based system for secure and transparent policy management
- AI-powered recommendation engine to suggest the most relevant micro-policies
- Geolocation feature to offer convenient policies based on the user's current location
- Digital contracts for clear and immediate policy terms
- Wide range of temporary insurance policies, including travel, vacation, pet, home, and auto