UK startup Caura to start offering insurance
UK car startup Caura will now offer vehicle insurance to make ownership less problematic.
The company unveiled its insurtech ambitions with the new service called “Caura Protect” which it claimed reduced costs and the time needed to insure vehicles.
Six of the UK’s leading insurers, including Aviva and Markerstudy, will provide the insurance cover.
Its new app will offer a user-friendly insurance search and buying process, allowing users to browse, select a quote, pay and be covered to drive in around a minute.
The service was already accessible on the app’s existing car management features which were launched earlier in 2020 by Sai Lakshmi.
Caura is a mobile app designed to manage all of the vehicle-related admin that car owners endure.
According to TechCrunch, Caura is FCA approved to undergo various insurance activities and enables drivers to compare insurers and manage their policy within the app.
Lakshmi told TechCrunch: "Startups in insurtech have been so busy finding niches that they’ve forgotten to innovate for the mainstream consumer."