On-demand economy insurtech secures £25m in capital raise

On-demand economy specialist insurtech Inshur has raised £25m ($35bn) in a capital raise from American asset management firm Trinity Capital. 

Inshur, which operates as an MGA, provides drivers from companies such as Uber, Lyft and Amazon with short-term insurance options specifically designed for the on-demand or gig economy, as well as single owner-operators of vehicle fleets. 

The newly raised capital will allow the insurtech to invest more into research and development for artificial intelligence (AI) technologies, which it hopes will support underwriting and real time pricing – an essential component for delivering on-demand insurance policies.

Inshur added that these investments in advanced technologies would be driven by the firm’s UK research and development team and would support work on areas such as customer service and claims.

Insurance propositions for autonomous vehicles are also a focus for the firm. In the UK, Inshur operates Amazon Flex, a usage-based wallet that charges Amazon delivery drivers based on how long they are driving – the product recently surpassed 25 million hours covered, with Inshur highlighting that drivers do not need to pay for coverage when not delivering

Accelerated growth

Dan Bratshpis, chief executive and co-founder at Inshur, explained: ”As one of Inshur’s key markets, which recently surpassed one million policies sold, this raise will enable the UK business to accelerate its growth and continue to invest in products and technology to support local drivers and platform partners. 

”Autonomous vehicles are a key focus area for Inshur globally, including in the UK, where the government has announced it will fast-track self-driving commercial pilots on England’s roads to Spring 2026. We’ll be able to leverage this new investment to deliver innovative new products in line with this roadmap.”

Bratshpis added: “This raise reflects our disciplined approach to insurance solutions for the on-demand economy. With Trinity Capital’s support, we’re expanding key partnerships and advancing our position in the future of insurance for autonomous mobility – all whilst laser-focused on profitability.”

Jack McNamara, director of tech lending at Trinity Capital, added:“Inshur’s deep market knowledge, technology-first approach and data-driven strategy make them a leader in the commercial auto insurance space, especially within the booming on-demand economy.

We are excited to partner with the team at Inshur as they work to redefine the future of insurance.”