On-Demand Italian Insurtech Yolo Raises €1M, Partners With Chubb

Milan-based on demand insurance startup Yolo announced it has raised €1M in a Seed round led by Barcamper Ventures . This is Yolo:

The startup, established in 2017, is the creation of Simone Ranucci Brandimarte and Giorgio Bramati, who look to build a one-stop shop for flexible coverage, be it in the area of health, life or property/product.

Users visiting Yolo’s site or mobile app are asked to register, to later receive a confirmation email. Look:

Then, users can access a dashboard to add insurance, submit payments and/or ask for assistance. Look again:

For example, users are offered “SPORT Insurance”, aka accident insurance that’s underwritten by Chubb European Group. Coverage is available for 1, 3 or 7 days.

And while not all products are currently live, the startup intends to offer coverage for mobile phone and tablets, electronics, sport equipment and misc. health insurance policies.