Neos, the UK’s first smart home insurance provider, has been selected by the Department of International Trade (DIT) as one of six innovative companies leading the 2017 Insurtech Trade Mission to San Francisco this week.
The three-day visit aims to raise awareness of the UK insurtech industry and showcase the innovative companies and technologies in development. Neos is visiting Silicon Valley in a bid to learn from US founders about scaling businesses globally, and to develop new networks and identify new customer acquisition opportunities. Alongside Neos, leading insurtech companies Digital Fineprint, Flock, QuanTemplate, Cazana and Corax will also be attending.
The UK insurtech market is growing rapidly, having attracted £218 million in investments in the first half of 2017 alone1. Neos is at the forefront of this growth. It’s the UK’s first smart home insurance provider and is set to revolutionise the way consumers protect and insure their homes. It combines smart connected home technology, 24/7 monitoring and assistance plus the back up of comprehensive home insurance, all managed through an app. The technology can detect and help prevent fire, intruders and water leaks, with real time updates provided to your smartphone.
This is just the latest accolade for Neos in 2017 - the company has already been ranked no. 11 in the world’s 100 most disruptive brands, as well as winning awards for Best Insurer in IoT and Internet of Things Breakthrough.
Tate Turner, Capital Investment Manager, Western United States, Department for International Trade, said: “DIT is pleased to welcome the six delegates participating in our 2017 Insurtech Trade Mission to San Francisco. We look forward to our programme where the delegates will pitch their companies directly to Silicon Valley venture capitalists, accelerators and corporate innovation arms. Moreover, we are excited to showcase the vibrant and growing UK insurtech ecosystem.”
Matt Poll, co-founder of Neos, said: “We are thrilled to be chosen for this trade mission to Silicon Valley in recognition of the exciting innovations we’re bringing to the UK insurance industry. In just two years, we’ve created an entirely new way for consumers to protect their homes, underpinned by smart home technology. We have ambitious plans and we’re looking forward to the opportunities this visit opens up for us not just in the UK, but for future international expansion.”