VOOM
Curated by SignalUsage-based insurance platform offering customizable coverage for transportation.
Overview
VOOM is an InsurTech company that focuses on usage-based digital insurance, specifically for various transportation modes including motorcycles, drones, and light planes. The company utilizes telematics and IoT technology to create personalized insurance policies that are based on actual usage patterns. This approach allows for pay-per-mile motorcycle insurance and other customized coverage options. VOOM aims to address the problem of overpayment in traditional insurance by offering solutions that are more affordable and reflective of real mileage. The company targets riders and mobility users, providing customizable coverage options that do not require tracking devices. VOOM's offerings are supported by the financial backing of Markel, and the company highlights an online purchasing process and customer service.
Key facts
- Founded
- 2016
- Headquarters
- Palo Alto, United States
- Stage
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- Industry
- Financial Technology
- Sector
- Insurance Technology
Business model
- GTM channel
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- 3 products and services
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- Commercial model
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Contact
- Primary office
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