Driverly

Based in Cardiff, Wales, Driverly is an insurtech company founded in 2021 by Armin Kia, Mohammad Alinia, and Nestor Alonso. The founding team combines extensive experience in both technology and the insurance sector. CEO Armin Kia previously spent seven years at Admiral Group, the UK's largest car insurer, and holds an MBA from Alliance Manchester Business School. This background provided him with insights into the inefficiencies within the traditional car insurance market, particularly for younger drivers. Chief Technology Officer Mohammad Alinia contributes over 15 years of technology experience, while Chief Data Officer Nestor Alonso has a background in business, statistics, and data science.

Driverly operates on a business-to-business (B2B) model, providing AI-powered insurance intelligence solutions to insurance companies globally. The company's core offering is a white-label, app-based telematics platform that enables insurers to make more informed pricing and underwriting decisions. This is achieved by collecting and analyzing a wide array of data points beyond traditional metrics. The platform assesses driver behavior, vehicle data, demographics, and contextual factors like road conditions, weather, and traffic intensity to create a detailed risk profile for each driver. This allows its partners to offer personalized and fairer premiums, moving from a reactive indemnity model to a proactive loss-control model.

The company's technology is designed for rapid implementation, allowing partners to launch customized solutions within weeks. Its modular structure facilitates tailoring the platform to specific business needs without reliance on third-party systems. Revenue is generated by providing these technology solutions to insurance partners. Driverly has secured six-figure funding rounds, with investors including the Development Bank of Wales and Angels Invest Wales, to support its growth and customer base expansion. Initially, the company also explored a direct-to-consumer model offering flexible monthly subscription policies, rewarding safer drivers with discounts, but has since shifted its focus to a B2B strategy.

Keywords: insurtech, telematics, AI-powered insurance, usage-based insurance, driver behavior analytics, risk assessment, insurance intelligence, B2B insurance solutions, auto insurance platform, driver risk profiling, personalized premiums, data enrichment, fleet management solutions, mobile telematics, underwriting tools, insurance technology, Cardiff startup, Admiral Group alumni, Development Bank of Wales, driving data