Fast Five Plus with Dylan Bourguignon

Hear it from Dylan Bourguignon, founder and CEO at so-sure, a London-based insurance model with a P2P component that provides better and up to 80% cheaper phone insurance.

1. How did you become a startup founder?

I was a private equity investor focused on insurance. I hated how the industry was doing well but people trusted insurance less than banks. So I left my job to do something about it.

2. Why so–sure?

Insurance needs to be designed around the customer, rather than around the insurance company. People want better and cheaper insurance, so we give it to them through our Social Insurance model (hence the so–sure name). We provide our customers with a great experience from purchase to (genuine) claim, and give them back up to 80% of their premium when they and their friends don’t claim.

3. Trying to break into the phone insurance industry, what have you experienced so far, and what challenges are you facing?

Disrupting the insurance sector is definitely not easy. However, the incumbent mobile phone insurance providers have set the bar shockingly low! According to the FCA review of Mobile Insurance providers in 2015, on average, it took a third of mobile phone insurance providers over 10 days to pay out for a claim and only 1 in 9 took five days or less to process a claim. People deserve better (and cheaper), so we are starting with mobile phone insurance.

4. In 5 words your vision for insurance?

“Better and up to 80% cheaper.” (OK, that’s 5 words and 1 percentage!)

5. iPhone or Android?

So–sure covers both but I am an Android user at the moment.

Bonus: Had to ask: Dylan Bourguignon, is Beef bourguignon your top choice when dining at a restaurant?

No, I am not anthropophagous! But seriously, I prefer the wine that comes from Burgundy rather than the stew.