British business is set to impress when six, fast-growth UK companies head to San Francisco as part of a programme to promote UK big data and insurtech capability to American investors. Cazana, the largest car search and indexing engine for used car sales in the UK, is one of the businesses attending the high-profile event with founder and CEO, Tom Wood, scheduled to meet with corporate investors and venture capital funds.
The mission, which takes place from 26 to 28 September 2017, will feature significant pitching and networking opportunities to generate further interest from US investors in the sector-leading work which is taking place in the UK. As a current recipient of US financial backing, Cazana is well-placed to show how businesses operating across the Atlantic can benefit from a collaborative approach to technology investment.
Changing the way in which cars are bought and sold, Cazana is the largest car search and indexing engine for used cars in the UK. Alongside helping consumers to make more informed buying decisions, its proprietary algorithms support manufacturers and finance companies to better understand residual values and pricing. Cazana collects vehicle data globally, and is in the process of expanding into the US market.
Cazana’s CEO, Tom Wood, commented: “It is a privilege to be chosen as one of just a handful of companies to represent the UK in this important trade mission. We’re looking forward to showing how Cazana’s big data and machine learning can help US insurers and companies working with vehicles to reduce their risk by better understanding the history of those vehicles.
“Cazana’s global vehicle database has been proven to reduce the risk of insurance fraud in the UK market, and we’re excited to show US insurers how this data can help them write motor insurance more cost effectively.”
- on from the mission to San Francisco, Cazana’s founder and CEO, Tom Wood, will demonstrate Cazana’s technology at the world’s largest insurtech event, InsureTech Connect, which takes place in Las Vegas on 3 and 4 October 2017. Wood will demonstrate how Cazana’s big data helps motor insurers to reduce fraud and improve their loss ratio by understanding the condition and history of the vehicles they cover.