Coffee Reads

Today we sat down with Simon Bell, Driverly's investor, NED and Chair-designate. Simon is a seasoned entrepreneur and investor, bringing decades of experience as an exited Founder and active Angel Investor across the technology and financial services sectors. He has a strong track record of backing and scaling innovative businesses, and has guided multiple founders and management teams through periods of high growth and market expansion.

Driverly has announced the appointment of Fernando Summers as a board advisor to support its growth in Spain and across Europe. Fernando is a senior executive with strong experience in B2B and B2C businesses, having served as CEO and President of Rastreator.com, Spain’s leading price comparison platform, where he led significant growth and large scale teams and investments.

The insurance industry is undergoing its most profound transformation in over a century. Once defined by paperwork, call centres, and broad-brush risk models, the sector is now being reshaped by artificial intelligence, data analytics, and connected technology. The result is an industry that is not only more efficient, but also more personalised, connected, and proactive — redefining what it means to protect and serve customers.

If your mental model of “AI in insurance” is still a chat widget on the website, it’s time for an upgrade. The interesting stuff is happening with agents—software workers that understand context, call tools, take real actions, and loop humans in only when it truly matters. Put that capability next to telematics and geospatial context, and you don’t just polish a process—you change how a motor insurer runs. 

Hey there, innovators! 👋
In the fast-paced world of mobility and insurance, staying ahead of the curve isn't just an advantage – it's essential. We're constantly searching for the next big thing to boost efficiency, slash costs 💰, and keep customers smiling 😊. But what if a powerful tool for achieving these goals is already in the pockets of your drivers and customers?

Driverly received overwhelming responses from the investment market in its most recent funding round, resulted in 60% oversubscription, paving the way for the business’s growth and financial resilience.  

Innovation in the motor insurance market has slowed to a crawl, not because insurers lack ambition, but because the environment they operate in makes meaningful change incredibly difficult.
Across the industry, insurers are grappling with legacy technology stacks, overwhelmed IT backlogs, and painfully slow development cycles. Before a single line of code is written, teams face compliance reviews, integration planning across fragmented systems, and internal prioritisation battles and that's before the development queue even begins. Even when leaders recognise an opportunity to improve customer experience, pricing sophistication, or risk management, the practical reality of implementation often becomes the biggest blocker.

For decades, insurers faced a historical compromise: improving operational efficiency often came at the cost of customer experience, and vice versa.More personalised service meant longer calls or in-person meetings, great for the customer, but inefficient for the business. Meanwhile, cost-cutting efforts aimed at efficiency often stripped away the very human touch that built trust.

Clive Fulcher recently joined Driverly as Chief Commercial Officer, bringing over three decades of experience in personal lines insurance, broking, and product innovation. We sat down with Clive to learn more about his journey, why he joined Driverly, and what excites him most about the future of intelligent motor insurance. 

Driverly hit an important milestone by closing its most recent funding round with the backing of recognised institutional and Welsh angel investors. Personal relationships played an important role in the investors’ trust in the Driverly team.
Jason Havinga, one of Driverly's new investors and an advisor of the board, explains how he knows the Driverly leadership and why we decided to get involved.

This month marks a major milestone for all of us at Driverly—we’re officially 4 years old! 🥳
From our humble beginnings to becoming a revenue-generating AI mobility company, the journey has been nothing short of extraordinary. Here’s a quick look at what we’ve achieved together:

Darryl Morton is one of our most recent additions to the Driverly cap table. His extensive experience as a serial entrepreneur with three prior exits compelled the co-founder team to onboard Darryl as a board advisor too. We had a coffee chat with him to discuss this with him in more details.