Allegory App

Allegory App is a pioneering insurance technology startup based in Canada, founded in 2019. The company's mission is to revolutionize the insurance industry by leveraging technology, data, and machine learning to provide fair and inclusive insurance coverage. Their flagship product, a safe driving app, aims to reduce accident risks and potentially lower insurance costs by up to 50%. Allegory's approach is non-traditional, focusing on building digitally native social communities to mitigate accident risks for drivers and micromobility users. The company draws inspiration from Plato's "The Allegory of the Cave," symbolizing their quest for a better "world" outside the current insurance landscape. Allegory’s most recent milestone was the Pre Seed Round investment in April 2021. With a strong emphasis on prevention and protection, Allegory App is poised to reshape the future of mobility insurance.