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Insurtech Startups Secure Funding for Innovative Models
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Insurtech startups Flitter and Eleos secure significant funding for their innovative models. Flitter, a French insurtech startup, raises €3.5 million led by Helvetia to disrupt auto insurance with a usage-based model, aiming for profitability by 2024. Meanwhile, UK insurtech Eleos secures $750K in Pre-Seed funding for tailored income protection insurance and life cover.
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How might Flitter's usage-based model impact traditional auto insurance models and pricing strategies?
How might the funding secured by insurtech startups like Flitter and Eleos influence the growth and development of the insurance industry?
What are the potential implications of Eleos' tailored income protection insurance for the UK's protection gap?
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