Vittoria hub launches search for UK insurtech startups

Quarterly insurtech funding for Q4 2022 dropped to its lowest level since Q1 2020, plummeting by 57% quarter-on-quarter – this equated to a $1.01bn (£813m) fall, according to Gallagher Re’s latest report, but 2023 could see this sector improving as there is still capital available for startups seeking investment.
Against this background, Insurtech UK member Vittoria hub (part of Italian insurer Vittoria Assicurazioni) has launched a Call for Ideas from startups operating in the UK across four sectors, Person – Health & Wellness, Property, Mobility and Connected Business.


The new Call is focused on identifying innovative projects proposing predictive analysis systems and special attention will be given to solutions that can be applied to “Property” and Silver Age services belonging to the “Person” ecosystem. Newly formed companies which are either early stage or post seed are invited to apply.
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Vittoria hub is looking to attract recently formed companies – not necessarily operating in the insurance sector or similar – which develop technologies such as Predictive Analytics, AI, IoT and Oracles also with the possible use of new paradigms of Web 3.0 and the Productive Metaverse for the prediction of upcoming events or behaviours.
The ultimate goal is to provide new user experiences and innovation at the level of the risk-taking process in the digital channel, whilst supporting the creation of new parametric and embedded policies. The first concept defines those highly innovative covers capable of recognizing the insured a pre-established indemnity upon the occurrence of a certain event, regardless of the damage caused, while the second term indicates those guarantees that can be purchased in combination with the products to be insured such as electronic locks (or anti-theft systems) which are insured against burglary damage.


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Selected start-ups will have the chance of accessing the program called Via2 (Vittoria Incubation, Adoption & Acceleration) aimed at a growth path from the idea to the go-to-market.

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