Knowledge area:

• FinTech

Document type:

• Press release

Customer type:

• FinTech company

Target audience:

• Car owners

For immediate release

New pay per drive microinsurance revolutionizes car insurance sector

Today, Spanish insurance technology company Segurto has presented its new, revolutionary pay per drive car microinsurance at the FinTech World Forum in London.

From now on, car owners will be able to save between 30 to 75% on their car insurance depending on how often they drive and the distances they cover.

How the new Segurto pay per drive microinsurance works:

1. An easy to install localizer in the car controls how long the car is on the road and the distance covered. This way the car owner only pays     insurance for the actual time spent on the road.

2. There is a minimum €1 per day fee when the car is parked for a full day.

3. There is a one-time €45 setup fee.

4. Drivers can monitor their spending through an easy to use app.

Mr. Fictional de la Rosa, Segurto’s CEO, explained the reasons for the company’s new take on car insurance:

“driving a car in the city has become quite expensive, but many still want to own one, even though they might only drive it on the weekends or on special occasions. This is where Segurto comes in. Insured drivers pay only on a per drive basis allowing them to save up to 75% off their regular car insurance.”

The new pay per drive insurance will go live in continental EU-countries starting on December 1st, 2100.

Car owners can register at www.segurto.com/pay-per-drive. The first 500 to complete registration will be able to do so without paying the €45 setup fee.

For more information please go to www.segurto.com/pay-per-drive. Alternatively, you may contact Mrs. Fictional Edurne, Segurto’s customer relations manager, per email at e.bengoa@segurto.com or by telephone at 000-00000.

About Segurto
Since its launch in 2013 as Spain’s first insurance technologies company, Segurto has concentrated in providing microinsurance services specialized in extreme sports and high-quality photographic equipment. Segurto’s insurance policies can be easily monitored through user friendly apps and are characterized by easy to understand price structures. Segurto is headquartered in Madrid with offices in London and Berlin.