Market-leading Data as a Service (DaaS) InsurTech WhenFresh today announced a major move direct into the Insurance sector following successful series A funding.
WhenFresh leads DaaS in other sectors, including Financial Services, Utilities, and Property. Bringing data together from over 200 private and public UK data sources into one place, WhenFresh offers a live, verified, fully-provenanced database of unrivalled breadth and depth.
In recent years, many of the UK’s businesses have benefitted from WhenFresh’s big data solutions, which have often formed a key part of wider solutions delivered to end users via resellers and partners such as Experian, Equifax, Zoopla, CLS Risk, Royal Mail Data Services, TransUnion, and others.
WhenFresh successfully secured £3m Series A funding to support accelerated product development and continued expansion into its target markets, and is now laser-focused on working directly with the Insurance sector, as its next fast-growth market.
Commenting on the move, WhenFresh’s CEO Mark Cunningham said: “Over the last few years we have built a great business, with a fantastic team of data scientists and data-driven marketeers, who have created ground breaking innovations to other sectors.”
He added: “The insurance sector can now benefit from this, as WhenFresh’s market-leading products, Home Insurance Prefill and the Behind the Bricks API, offer insurers the ability to win new business, reduce customer acquisition costs, target more profitable business, and renegotiate reinsurance costs by more accurately analysing portfolio risk.”
Looking ahead, and building on other sector successes, WhenFresh’s big data solutions are set to make a huge impact on the Insurance sector in 2019.
WhenFresh’s Home Insurance Prefill is an off-the-shelf solution, which gives insurers 7 core characteristics on each of the 29.7m residential properties in the UK, for online form prefill and other insurance applications.
The Behind the Bricks API brings instant ‘plug and play’ access to over 2bn UK property-specific data items, with a unique, comprehensive set of risk and peril characteristics in addition to the core property data of which the Home Insurance Prefill product forms part.
WhenFresh are delighted to announce that UK-wide LIDAR data from Fusion Data Science is now available via the WhenFresh API – the one stop “data supermarket” for residential property attribute, risk, perils, environmental and geospatial data. Fusion Data Science’s modular datasets provide highly accurate & current geospatial property measurements for a variety of Financial Service […]
Friday November 22nd 2019 saw the prestigious Insurance Times Awards event at the Grosvenor House Hotel, with WhenFresh beating 6 other finalists to scoop Gold in the ‘Excellence in Technology – Service Provider’ category. WhenFresh CEO & co-Founder Mark Cunningham (proudly sporting his Movember moustache!) was delighted to receive this coveted award from Richard Beaven, […]
November 2019 – London: Leading insurance industry media outlet Intelligent Insurer has just announced its global Hot 100 InsurTechs, with WhenFresh named alongside other industry disrupters such as Flock, Instanda, Lemonade, Neos, Previsico and Trov. “We’ve been enjoying a good deal of media attention since launching the WhenFresh API ‘Data Supermarket’ direct to the UK […]