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Neosurance's objective is to propose innovative short-term insurance policies,proposed to the client a few hours before an event he is going to participate,through an advanced machine learning engine

Objective

"Neosurance is a 50/50 joint venture between Neosperience, specialized in Digital Customer Experience, and Digital Tech International, operating in InsurTech sector. The objective of Neosurance is to propose a new insurance product, the ""micro-insurance on the spot"" (""Snap Insurance"").
The Snap Insurances are short-term insurance policies, proposed to the client a few hours before an event he is going to participate (a trip, a sport, a concert) through push notifications that he receives on his smartphone, with which it’s possible to finalize the purchase of Snap Insurance in a few minutes from the mobile.

Neosurance works with the ambition to create a new insurance market with a completely new and innovative insurance product. Its positioning is unique in the field of ""one-time insurance"": its technology platform is an advanced machine learning engine, based on proprietary algorithm, matches insurance coverages to customer needs in milliseconds.

Neosurance also followed a pilot project, installing the SDK of its platform on the app used by a community consisting of more than 500,000 five-a-side soccer players, by connecting the community platform with the Neosurance one and performing the first test by sending push notifications to a defined category of users.

Neosurance is applying for Phase 1 of the SME Instrument to develop a feasibility study in order to confirm and define its strategies into its global project, with technical, business and financial objectives. Then Neosurance will apply for Phase 2, to organize a business development program which start selling Snap Insurance first in Europe and then worldwide.

Neosurance will bring a sharp breaking in the EU insurance market and, we expect, also on global scale. The company is positioned within the insurance market in the segment of ""Connected Insurance"" as one of the best-in-class player, winning the AXA Insurance Lab contest at VIVA Technology 2016 in Paris and the Insurance IoT Europe 2016 in London."

Fields of science (EuroSciVoc)

CORDIS classifies projects with EuroSciVoc, a multilingual taxonomy of fields of science, through a semi-automatic process based on NLP techniques. See: The European Science Vocabulary.

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Programme(s)

Multi-annual funding programmes that define the EU’s priorities for research and innovation.

Topic(s)

Calls for proposals are divided into topics. A topic defines a specific subject or area for which applicants can submit proposals. The description of a topic comprises its specific scope and the expected impact of the funded project.

Funding Scheme

Funding scheme (or “Type of Action”) inside a programme with common features. It specifies: the scope of what is funded; the reimbursement rate; specific evaluation criteria to qualify for funding; and the use of simplified forms of costs like lump sums.

SME-1 - SME instrument phase 1

See all projects funded under this funding scheme

Call for proposal

Procedure for inviting applicants to submit project proposals, with the aim of receiving EU funding.

(opens in new window) H2020-SMEInst-2016-2017

See all projects funded under this call

Coordinator

NEOSURANCE SRL
Net EU contribution

Net EU financial contribution. The sum of money that the participant receives, deducted by the EU contribution to its linked third party. It considers the distribution of the EU financial contribution between direct beneficiaries of the project and other types of participants, like third-party participants.

€ 50 000,00
Address
VIA PATTARI 2
20122 MILANO
Italy

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SME

The organization defined itself as SME (small and medium-sized enterprise) at the time the Grant Agreement was signed.

Yes
Region
Nord-Ovest Lombardia Milano
Activity type
Private for-profit entities (excluding Higher or Secondary Education Establishments)
Links
Total cost

The total costs incurred by this organisation to participate in the project, including direct and indirect costs. This amount is a subset of the overall project budget.

€ 71 429,00
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