Carrot
Curated by SignalDigital insurer offering car insurance with rewards for safe driving.
Overview
Carrot is a digital insurer that specializes in property and casualty insurance, particularly focusing on car insurance products. The company employs artificial intelligence and machine learning to improve the underwriting and claims processes. Carrot offers car insurance policies for both regular and learner drivers and includes a rewards system designed to encourage safe driving behavior. The company utilizes black box technology and a smartphone application to monitor driving habits and provide feedback to users. Its target audience consists of individuals looking for personalized car insurance solutions, especially those who emphasize safety. Carrot's business model aims to meet the demand for efficient and tailored insurance options, and it adheres to regulatory standards set by the Financial Conduct Authority.
Key facts
- Founded
- 2012
- Headquarters
- Crewe, United Kingdom
- Stage
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- Industry
- Financial Technology
- Sector
- Insurance Technology
Business model
- GTM channel
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- 4 products and services
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- Commercial model
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Contact
- Primary office
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