Connexa Insurance

About Connexa Insurance

Connexa Insurance, founded in Italy as AutoConnexa, operates as a Managing General Agent (MGA) in the InsurTech sector, focusing on transforming the auto insurance market. The company was co-founded by CEO Robin Daina, Marta Daina, and Guglielmo Carsana in 2018. Robin Daina brings over 25 years of experience in the technology and insurance industries, having previously founded and sold the price comparison website Comparameglio. His background includes executive roles at First Europe, AIG Life, and Forrester Research, providing a strong foundation for innovating within the insurance space.

The firm's business model is centered on a B2B2C approach, partnering with traditional insurance companies rather than competing with them directly. As an MGA, Connexa manages policies on behalf of insurers without assuming the underwriting risk itself, which allows for a lean capital structure and a focus on technological advancement. This model enables established insurers to access new distribution channels—such as banks, telecommunication companies, and car manufacturers—and offer modern, flexible insurance products. Revenue is generated through commissions and technology licensing fees. The company has secured partnerships with major players like Hannover Re, Compass (Mediobanca's consumer lending company), AON, and ITAS Mutua.

Connexa's core offering is a turnkey telematics solution that allows for usage-based insurance (UBI). This system utilizes a proprietary telematics device and a connected mobile app, Drive Connexa, to collect real-time driving data. This data, including driving style and ecological footprint, feeds into a pricing algorithm that personalizes auto insurance premiums based on the principle: "the better you drive, the less you pay." The platform incorporates gamification to encourage safer driving habits and uses a generative AI chatbot for customer onboarding and support. By providing this digital infrastructure, Connexa helps its insurance partners overcome the technological hurdles that often prevent them from innovating and competing with digital-native disruptors.