Hi,

can you be more specific about your UK pilot program - car insurance?

What will be the scope of the coverage? The policy will cover only an at fault claim? or the scope will be wider(theft, catastrophe,..)?

I assume that you will act only as a broker, with underwriting authority from an insurer, so you can do your own pricing, with some limitations of course, but the risk will be transferred to an old fashioned insurance company. InsurePal AG will be rewarded by a brokerage or commission. Up-front discount is something like up-front year-end bonus, when no an at fault claim will occure within the next year. Is that correct?

Then the real challenge of your business model is, how much cheaper your premium with up-front discount will be, comparing it with old fashioned insurance market, in which you are in partnership.

Thanks