MIOAssicuratore, a Rome, Italy-based insurtech startup, raised €300k in funding.
Backers include H-Farm and Pi Campus, as well as Vito Lomele, founder of Jobrapido.
The company intends to use the funds to hire engineers to optimize the algorithms to calculate insurance premium and develop new marketing strategies.
Co-founded in 2015 by Giorgio Campagnano and Carlo Martini, MIOAssicuratore is an online insurance broker which supports clients in selecting contracts from different companies, demystifying their clauses and unique features, and assisting in the purchase and renewal phases. By leveraging proprietary algorithms and machine learning tech, the platform calculates the premium in real time considering the unique risk features of any single client.
To this end, the company partners with 27 companies offering over 250 insurance products in the different categories to over 100,000 subscribers.
The platform also enables clients to manage their policies in a dedicated user area.