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Cuvva CEO on achieving profitability in a turbulent insurtech space
![Freddy Macnamara, Cuvva](/https/www.postonline.co.uk/sites/default/files/styles/landscape_750_463/public/2024-07/Freddy%20Macnamara%20CEO%20Cuvva.jpg.webp?itok=IOHFljC-)
In its 2023 annual report, the car sharing insurtech revealed it was able to go from a £6m loss in 2022 to £3.8m adjusted profit in 2023.
Speaking exclusively to Post, Cuvva CEO Freddy Macnamara attributed this £9.8m turnaround to a “frugality mindset” in the business keeping employee and marketing costs low, as well as an increase in
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