Cuvva

Cuvva is an insurance broker which offers digital car insurance on-demand as well as single-trip travel insurance.

Cuvva has developed an iOS app developed on top of the DVLA’s new data API, enabling users to buy short-term car insurance cover from a smartphone and ensuring the time from point-of-download to insured is less than 10 minutes. Drivers simply register their details and take a photo of their vehicle on the app, enter cover duration (from as little as one hour), and authorise payment. The company offers policies that offer hourly, daily, weekly and monthly coverage.

Cuvva also offers learner driver insurance to help learners practise outside of their lessons, temporary van insurance, and 'drive away' insurance for test drives.

In July 2019 Cuvva reached one million policies sold via its app, having experienced around 750% growth in policy sales over the previous two years. It has sold over 40m hours of motor insurance and has around 250,000 customers.

Also in 2019 Cuvva announced it had launched single-trip travel insurance, aimed at millennials. The flexible product can be purchased within a few minutes via the Cuvva app.

In October 2019, CEO Freddy Macnamara announced that Bruce Carnegie-Brown, Chairman of Lloyd's, would be joining Cuvva as its Chair.

That same year, in December, Cuvva revealed it had raised a £15m Series A, which would be used to help launch a new pay-monthly motor insurance product at the start of 2020.

In November 2020, rental startup Canopy and Cuvva have partnered, as Canopy expands its network of recommended products to renters.

In March 2021 France-based Wakam announced it had partnered with Cuvva to launch a new car insurance coverage in the UK. The flexible monthly subscription product is 100% digital, and cover is available in minutes.

Cuvva has secured investment from Robin Klein’s LocalGlobal, a backer of Zoopla and Citimapper, amongst others. The startup has also taken part in Barclay’s Accelerator powered by Techstars. The venture is currently working on creating a ‘Flexi’ insurance policy for car owners who only use their cars for a very limited amount of time each month, using the same principles applied to their on-demand service.