Founders Factory builds and funds startups together with exceptional entrepreneurs and the world's leading companies.
Created by IPO-exited founders, we offer founders capital, operational support from a team of hands-on experts, and unrivalled access to a coalition of industry-leading corporate partners.
Since 2015, our 300+ portfolio companies have raised $900mm follow-on funding from a roster of notable investors.Our Studio partners with entrepreneurs at day one, developing new ideas, technologies and business models into high growth companies.
Together with Fastweb, one of Italy's leading telecommunications companies, we're now exploring concepts at the intersection of insurance and technology.We're looking for an experienced operator with entrepreneurial ambitions to lead a new venture as Founder CEO with our investment and the full backing of Founders Factory.The OpportunityItaly presents a unique opportunity in the insurance sector, particularly for home and contents coverage.
Despite being the 7th largest market for life insurance in the OECD, Italy ranks only 25th in property and casualty premiums relative to GDP.
This underinsurance, coupled with a slow-moving, broker-dominated market, creates a significant opening for innovation.
With 77% of Italian consumers expressing high interest in purchasing more policies digitally in the future, and the insurance industry poised to be the second-most impacted by generative AI, the timing is perfect for a disruptive entrant to capture market share.Tetto Assicurazione: A new kind of home insurance for a new generationTetto Assicurazione aims to revolutionise the Italian insurance market with a mobile-first, AI-powered home and contents insurance subscription service.
Targeting young, urban renters, our platform will leverage large language models and multimodal AI to provide instant quotes, personalised coverage, and near-instant claim payouts.By syncing with customers' digital lives, Tetto will automatically adjust coverage as circumstances change, ensuring users are always adequately protected without overpaying.
This tech-forward approach, combined with transparent pricing and a user-friendly interface, positions Tetto to become the go-to insurance provider for Italy's next generation of consumers.Our offerCo-found a company with Founders Factory's team of IPO-exited founders and entrepreneurs to develop a new venture at the intersection of insurance and technologyAccess to an expert team through our Venture Studio and 6-month accelerator programmeUnlock €700k investment and hands-on support from our experienced teamA validated concept and intellectual propertyA dedicated studio budget (including the founder stipend, specialist resource and infrastructure budget)What we're looking forExperienced founder, builder or operator, capable of operating from zero to oneUnique market insight, top 1% skills or other advantage that makes you a suitable and compelling Insurtech founderProven ability to build a world-class team, attract customers and investorsEvidence of thriving in ambiguous environments and a high aptitude for calculated risksA clear vision for the opportunity (including product direction) - with the drive and expertise to execute on itHigh IQ and EQ - strong opinions loosely heldDeep domain expertise in insurance and understanding of the landscape - in particular the regulatory path to becoming an MGAItalian language skills and market knowledgeNote - We are reviewing applications on an ongoing basis.
If your background and application meets our criteria, we will be in touch to schedule a call.
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