Transforming the health insurance space with its downloadable app and selection of wearables Australian insurtech FitSense was launched in 2015 and uses customer data to assist insurance companies in creating personalised packages for their users . Co-founders Alvaro Gauterin , Jan-Philipp Kruip , Pham Khanh saw a gap in the market for risk assessment technology in the health insurance sector and created the online platform in response . The insurtech company has been phenomenally successful , seeing 293k downloads of its app , 120k active user bookings and five million check-ins logged .

The UK-based insurtech Cuvva was founded in 2015 , providing flexible usage-based insurance cover for drivers and is designed to be mobile first . To date , Cuvva has provided policies for more than 500,000 drivers and has issued over 2.5 million policies . The company is known for its simple sign-up procedure , which takes three clicks , and its average support response time , which also stands at less than 60 seconds . Customers can buy a monthly subscription , but they also must purchase a premium ‘ top up ’ insurance via the Cuvva app and pay an hourly rate during the time the car is being driven .

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