Freddy Macnamara

Freddy Macnamara

CEO and Founder, Cuvva

Spotting a space in the crowded insurance market, Freddy Macnamara set up Cuvva, the first pay-as-you-go car insurance company in 2016. The business offers cover for as little as one hour through its mobile app.

Matching smartphone technology with data-sharing capabilities, Freddy has disrupted the insurance sector in the same way fintech start-ups are taking on established banks. Since its launch, Cuvva has now sold over 20 million of hours of car insurance policies, adding van insurance, short-term taxi and private hire insurance.

The journey has not been easy. Freddy has worked hard to convince investors to take a chance on the new model – resulting in a number of successful partnerships with underwriters, over 500,000 downloads and over 300% year on year growth for the last three years.

In 2017, Forbes included him in its 30 Under 30 ranking for Retail & Ecommerce, which recognises people reinventing how we shop, online and offline.

His advice to budding entrepreneurs is to learn from early setbacks so you don’t repeat them.

Further reading

Focus on building a company culture that aligns with your personal values, and work on a problem you are passionate about solving. You'll be doing it for a long time.
Freddy Macnamara
CEO and Founder, Cuvva

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