After co-founding insurtech disruptor Huddle in 2016, Jason Wilby (pictured above) and Jonathan Buck have found themselves centre stage while their new business model makes waves in the Australian market. Huddle already provides $1bn worth of personal insurance across Australia, and it made headlines in December when its Series A round of funding managed to secure $19.2m, much of which is earmarked for future growth.
“It’s amazing what we’ve been able to achieve in two years,” Wilby told Insurance Business. “We’ve built a whole technology platform that automates claims across three different products, and when we were raising capital, there were a lot of investors who couldn’t believe what we’d managed to do in two years.”
Wilby also didn’t rule out the possibility of Huddle branching out into the SME market in the future. “It’s not an area that we’re in right now, but it is an area that, one day, I can see us tackling,” he said. “I want to solve some problems in that space. The nature of work is changing so much, we have many people who are suddenly finding themselves as a small business owner, perhaps taking risks, and I wonder whether traditional products built to serve the commercial market are really meeting the needs of these small business owners.
