Leocare

What is Leocare?

Leocare is the first multi-service, fully-mobile and fully flexible neoinsurance for housing, car, motorbike and smartphone. Aware that most products currently offered by traditional insurers do not meet consumer expectations, Leocare provides high-quality and tailored services for every moment of their lives thanks to real-time technologies and a constant contact with their customers.

Business and value proposition

Leocare proposes a new type of insurance with a complete mobile experience, from onboarding to recurring service. Leocare wants to create new types of relationships with customers in a more transparent way and with a high level of service. The go-to-market is car insurance, but the company is already offering phone, motorcycle and home insurance.

Why we invested?

We know Leocare since their beginning in 2018, when they were still in beta test with a portfolio of a few dozens of contracts. We have been in touch with the founders during these 2 years and have been very impressed by their execution skills. While the revolution of mobile banking happened in the last five years, the timing for the mobile insurance revolution has come. The insurance market is one of the biggest markets in the world and offers a high predictability and an important customer loyalty. However, as of today, no incumbents have such a simple mobile app nor a flexible offer in the area than Leocare, enabling a full mobile experience, from onboarding to recurring services with a very flexible approach, therefore improving customer satisfaction.