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iCompare Global

www.icompare.lu

Fintech sector: Insurtech

Country of incorporation: Luxembourg

Year of incorporation: 2015

Team names, roles
and company contact

Aliyu Mamman – COO & Co-Founder
Jamie Eltorkey – CEO & Co-Founder
James Dwyer – CCO & Co-Founder 

Elevator pitch

Clients are looking to feel empowered when making purchase decisions and want to have the ability to compare and purchase financial products online. iCompare.lu is the first comparison site of its kind in Luxembourg, allowing consumers to search and buy insurance products based on their needs, in 30 seconds. The platform bridges the gap between todays internet savvy consumers and financial institutions. The service is completely free and will be available in multiple languages.

Problem solved

Customers today are unaware of the potential risks they pose to themselves and others around them.

There is a lack of visibility and transparency of financial providers and products available which makes searching a time consuming and frustrating task.

Customers have difficulties evaluating the alternative options due to the lack of information and the complex nature of some insurance products.

There is no functionality to simplify how customers purchase with no availability to purchase online.

Solution / technology

We have created an online platform which allows customers to find insurance quickly by aggregating policies from multiple insurers and listing them based on product features. By having partnerships with all insurers in Luxembourg will facilitate the consumer journey.

Competitive

  • We are the first in Luxembourg to offer such a comprehensive service.
  • We are completely online allowing 24/7 access.
  • Multilingual platform tailored to Luxembourg norms.
  • Easy to use and simple website, with the concept known across the world specifically in line with expat expectations.
  • We have over 30 years experience in the insurance and other sectors.
  • Data hosted in Tier 4 datacentre.
  • Completely independent and unbiased, bringing confidence to the client.
  • No direct sales pressure, completely driven by the client.

Market size

Approx €1 bn premium

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