UVAMO-LOGO

Country: United States
Year: 2015

UVAMO connects customers looking to be insured with other customers looking to invest

Concept

  • UVAMO crowdfunds insurance capital with investors that back diversified pools of policies
  • UVAMO leverages online data and technology to price each potential policyholder and create an interactive insurance marketplace. Customers can update their coverage preferences and see prices adjusted in real-time
  • At the end of the year, investors receive a share of the remaining premium pool after all claims have been paid out

Consumer Benefits

  • UVAMO’s algorithm for pricing leverages technology and online data, cutting higher operating costs of traditional carriers, which they claim will lead to lower overall premiums for potential policyholders
  • Investors have the opportunity to receive returns based on claims performance over the course of the year

How to use it

  • As of this writing, the website is not live. We believe the website will work as Lending Club does, with a dedicated section for insurance customers and a dedicated section for investors willing co-own an insurance pool

Click on the image below to play video
Uvamo LendIt
 

Scroll to Top