Pineapple

Sector

InsurTech

Practice Area

Life and Health

Business Model

Underwriting

Pineapple offers a fair, transparent and affinity based P2P insurance product that gives full insurance coverage without eroding trust in the insurance process. Users download the app, snap pic of what they want to insure and AI determines what the insured item is, they then immediately underwrite and quote. Premiums then go into the customers "pineapple wallet" and then whenever there's a claim in the system, they break up a claim into tiny pieces that everyone pays out together based on insured risk and insureds are to others. In this way, Pineapple insures people while also creating incentives to decrease risk as a community.

URL

https://pineapple.co.za

Core Technology

Artificial Intelligence

Funding Stage

Grant

Acceleration

Hartford Insurtech Hub

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