Dublin-based fin-tech company WeSavvy has been chosen to take part in a global business accelerator programme.
The company is one of five startups selected for the second round of the Global Insurance Accelerator (GIA), which takes place in Des Moines, Iowa, and lasts for 100 days. At the end of the programme, participants can pitch to hundreds of industry executives at the annual Global Insurance Symposium in Des Moines.
The programme focuses on developing and growing innovative insurance-centric startups, providing seed investment to the companies taking part.
Founder Hesus Inoma said the company was pleased to be chosen for the prestigious programme. “We are excited about bringing the learnings from our US-peers, and the development of our platform back to the Irish and European markets and communities,” he said.
WeSavvy offers customers a way to earn cash points on their insurance premium through their everyday activity. Exercise such as walking, cycling or running will earn users cash points, which can then be used to buy products through WeSavvy.
The platform and app will be launched to consumers at the end of the GIA programme, which is set to begin on February 9th. From the middle of the year, customers will be able to buy or renew medical cash plans, income protection cash plans and personal accident cash plans, with life and protection insurance products, including mortgage, serious illness and income, added at the end of 2016.
