Pineapple
Sector
InsurTech
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 a picture of what they want to insure and AI determines what the user's item is, they then immediately underwrite and quote. Premiums then go into the customer's "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 the insured risk within the risk pool. In this way, Pineapple insures people while also creating incentives to decrease risk within a community.
Practice Area
Peer 2 Peer Insurance
Operational Area
Underwriting and Risk Management
Business Model
Software as a Service
Funding Stage
Series A
Acceleration
Hartford Insurtech Hub