Any other business
Camden entrepreneurs launch new comparison website
2 min read
04 December 2017
A group of entrepreneurs in Camden have launched a new comparison website to target the health insurance industry in the UK.
MediCompare.co.uk, a new comparison website, is an aggregator of health insurance policies for individuals, companies, families, athletes and the elderly.
The business uses advanced data analysis to help customers find the most effective and low-cost policy for their requirements. Customers only need to offer their name, age and postcode in order for the system to analyse their details and provide a competitive quote from insurers such as Bupa, Vitality and Aviva.
When a customer completes a form, they will receive a call back from the team based in Camden. The MediCompare team is based in a newly converted office that was one part of Camden Road Station and oozes tech startup.
Co-founder Daniel Tannenbaum explained: “We have been working on MediCompare for over two years. Our team is made up of actuarial and data scientists who are using data to help customers find the best insurance quotes. Unlike most comparison sites, it is not based on which insurer is willing to pay the most for a lead but finding the right product for the customer.
“We recognised that NHS queues are not getting any shorter and, whilst many think that private cover is unaffordable, there are actually some very low cost plans out there. We have access to health cash plans which start from £6 a month and allow you to spend six times what you save up and use it towards visiting dentists, optometrists and physios when you need them.”
The comparison site has also sourced some very bespoke policies for professional athletes and those with life threatening conditions – which are areas that most insurers stay clear of. One can also find business health policies aimed at companies looking to insure their staff – receiving a group discount and tax benefits in the process.
The company is currently in its testing phase with plans to apply for investment in Q1 next year.
For more information, visit MediCompare Health Insurance.