The startup offers an insurance application that consolidates users' insurance data and sends reminders for critical dates like renewals and MOTs. This platform enables users to easily compare and switch insurance policies, ensuring they secure better coverage and avoid costly auto-renewals.
Funding
$377.6K 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
Many individuals find it difficult to keep track of their various insurance policies, renewal dates, and coverage details, leading to missed deadlines, potential lapses in coverage, and difficulty in finding better deals. The current insurance landscape often requires consumers to manage multiple accounts and sift through numerous emails to stay informed.
Solution
Rnwl offers a mobile insurance wallet that consolidates a user's insurance information into a single, easily accessible app. By forwarding insurance-related emails to the platform, key policy details are automatically extracted and organized, providing a comprehensive overview of coverage, renewal dates, and contact information. The app sends timely reminders for renewals, MOTs, and other important dates, ensuring users never miss a deadline. Rnwl also facilitates comparison shopping for better insurance deals and simplifies the cancellation of auto-renewals, empowering users to save time and money.
Target Audience
The primary target audience includes individuals who own multiple insurance policies and seek a streamlined solution for managing their coverage, tracking renewal dates, and finding cost-effective alternatives.
Features
- Centralized insurance wallet for managing car, home, travel, health, life, pet, gadget, motorbike, and bicycle insurance policies
- Automatic extraction of key insurance details from forwarded emails using proprietary parsing technology
- Customizable naming conventions for easy insurance identification
- Real-time MOT results and notifications upon passing or failing
- Mortgage deal tracking to ensure users stay on the best rates
- Integration with local garages for booking MOTs and services
- Instant quote generation for breakdown cover without requiring forms
- Direct access to insurers' contact details and opening hours
- "I've had an accident" feature providing guidance, location sharing, and access to insurer information
- Secure email-based login system without the need for passwords