Inshur Raises $35M to Expand AI-Driven Embedded Auto Insurance in U.S.

Inshur, an insurtech company specializing in embedded auto insurance, secured $35 million in funding from Trinity Capital to advance AI technology supporting autonomous vehicle insurance policies. The capital injection will aid Inshur's expansion into the U.S. market and enhance its embedded insurance offerings for on-demand service platforms such as Uber and Amazon Flex. Having sold over 1 million policies in the U.K., Inshur aims to leverage this investment to increase its U.S. footprint and develop innovative insurance solutions aligning with the evolving mobility sector.

Inshur is focusing on profitability while accelerating partnerships and product development, including the 'Period Z program' for on- and off-rental insurance targeting car rental fleets in the U.S. The company also leads initiatives like Uber’s 'Bring Your Own Insurance' program, empowering drivers with greater control over their insurance coverage and profitability. Financial projections indicate Inshur expects to surpass a $100 million revenue run rate within a year, underscoring strong growth potential in the embedded insurance and autonomous vehicles market.