Neosurance raises €1.1 million

Neosurance, the Italian insurance startup behind the “first AI-agent” that offers insurance when and where it matters most, has closed a €1.1 million funding round, bringing the company’s pre-money valuation to approximately €10 million. Backers included Net Insurance, Luiss Alumni 4 Growth and a group of investors led by Mezzetti Advisory Group.

Founded in 2016 by Andrea Silvello and Dario Melpignano, Neosurance enables carriers to sell microinsurance products via push notifications. The startup’s mobile SDK, “context-aware AI” and cloud2cloud integrations gives insurers the opportunity to present customers with hyper-targeted policies based on their profile, location, and behavior, delivered to their mobile phones. In 2017, Neosurance partnered with AXA Italy to launch “the first push instant insurance product in the world,” which offered travel insurance exclusively to users of Tiassisto24, an auto concierge community app.