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Driverly is pleased to announce it has received direct authorization from the Financial Conduct Authority (FCA) “to sell car insurance after a thorough review of its processes and governance structure.”

Driverly has announced it has received direct authorisation from the Financial Conduct Authority (FCA) to sell car insurance after a thorough review of its processes and governance structure.

Driverly has announced it has received direct authorisation from the Financial Conduct Authority (FCA) to sell car insurance after a thorough review of its processes and governance structure.

Driverly Insurance is the first app based dynamically priced insurance provider to be directly authorised by the FCA (Financial Conduct Authority)

Driverly is a new Cardiff-based insurance provider offering flexible car insurance through a monthly subscription-based policy.

The Driverly app monitors and records dozens of different driving criteria

The University of South Wales has helped develop an app which could help young drivers slash the costs of motor insurance by proving they are safe on the roads.

An app which uses AI to monitor real-world driving conditions and accident data, along with driver and vehicle profiling, has been enhanced by the University of South Wales (USW) and a Cardiff-based car insurance service.

Driverly Insurance has teamed up with the University of South Wales’s Centre of Excellence in Mobile and Emerging Technology, CEMET, to develop an AI-powered risk map that combines real-world driving conditions and accident data with driver and vehicle profiling.

Armed with extensive understanding of the car insurance market following a seven-year stint at Admiral, Armin Kia sought to create a new type of platform that determines prices not based on often misguided, broad demographic data, but on individual drivers’ performance behind the wheel in real-time. In this clip, he explains how the app uses this data to offer drivers insurance more fairly measured to their risk.

The Development Bank of Wales led a pre-seed equity investment into a Welsh car insurance firm during a recently closed funding round.

The Development Bank of Wales led a pre-seed equity investment into a Welsh car insurance firm during a recently closed funding round. Cardiff-based Driverly provides a unique, flexible, subscription-based car insurance service, using proprietary technology to offer flexible pricing to its customers.