Surrey’s Inzura incubator helps two insurtech companies launch

By Sam Pither

20 February 2023

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Inzura, a Surrey Research Park Incubation Hub alumni which offers app-based telematics and insurance solutions, has helped to launch two new companies.

The first business, Zixty, is a digital end to end insurer, providing users with temporary motor cover through an online app in 2-3 minutes. Zixty was launched in October 2022 and provides users with the ability to obtain instant cover for as little as an hour or up to 28 days.

The second business, MCE, was launched in January 2023 and is the world’s first pay-by-mile motorcycle insurance solution.

Ian McWilliams, COO of Inzura, said: “Zixty comes from our desire to see this sort of digital end to end insurer. We worked closely with the co-founders of Zixty and our technology is integral to the business. We spent six months focused on Zixty and used our connections to find a senior executive from the insurance industry to lead it.”

“We then turned our attention to the next project which has been brought to market in record time. MCE, the largest motorcycle insurer in UK, had a vision and a plan to disrupt the motorcycle insurance market by moving away from the 12-month policy purchase to a pay-as-you-ride solution, and we became a partner in that process.

“The unique thing about the motorbike insurance market is most people ride their bike from March through to October, but then it gets too cold and wet to ride. The bikes are then put away for the winter, but owners are still paying for insurance. MCE has changed that with its Subscribe-and-Ride policy.”

By Sam Pither

Sam is the Regional Editor of Biz News, responsible for both Hampshire and Dorset.

A new recruit to journalism, Sam started writing for the Business Magazine as a freelancer in May of 2022 after completing his degree in English at University College London. His passion for local businesses and ability to tell a story soon caught the attention of the publication’s management team and have led to his meteoric rise.

Sam, who lives in central Reading, takes a particular interest in technology, gaming and food and drink, having been a chef before starting his degree.