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Igloo

iglooinsure.com

Founded Year

2016

Stage

Series B - II | Alive

Total Raised

$54.2M

Last Raised

$27M | 2 mos ago

About Igloo

Igloo provides insurance that is accessible by creating digital insurance products. The company focuses on insurance for everyone, by leveraging risk assessment, and end-to-end automated claims management to develop B2B2C insurance solutions for both the platform and insurance companies. The company was founded in 2016 and is based in Singapore.

Headquarters Location

2 Havelock Road #07-13, Havelock II

Singapore

+65 69205134

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Igloo's Products & Differentiators

    Embedded insurance

    Enable our partners to embed insurance in their customer journey.

Expert Collections containing Igloo

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Igloo is included in 3 Expert Collections, including Fintech.

F

Fintech

3,464 items

I

Insurtech

3,739 items

Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience

P

Payments

199 items

Igloo Patents

Igloo has filed 1 patent.

The 3 most popular patent topics include:

  • Automotive suspension technologies
  • Military robots
  • Operating amusement attractions
patents chart

Application Date

Grant Date

Title

Related Topics

Status

5/30/2019

Operating amusement attractions, Military robots, Automotive suspension technologies, Robotics, Wireless networking

Application

Application Date

5/30/2019

Grant Date

Title

Related Topics

Operating amusement attractions, Military robots, Automotive suspension technologies, Robotics, Wireless networking

Status

Application

Latest Igloo News

Southeast Asian insurtech player Igloo gets $27M more in Series B funding

Nov 30, 2022

It plans to hire more talent and pursue M&A opportunities to scale. Credit: Igloo Singapore-based insurance technology company Igloo has received $27 million in an extended Series B funding round led by InsuResilience Investment Fund II, which is managed by BlueOrchard Finance, along with Women’s World Banking Asset Management, Finnfund, La Maison and Cathay Innovation. This brings its total proceeds from its Series B round to $46 million. It initially raised $19 million in March in a round led by Cathay Innovation. WHAT IT DOES Since its inception in 2016, Igloo has been providing accessible and affordable insurance to underserved communities in Southeast Asia, especially gig economy workers and small businesses. It leverages big data, real-time risk assessment, and end-to-end automated claims management to offer technology solutions for insurers. To date, it has partnered with 55 companies across seven Southeast Asian countries, including Singapore, Indonesia, Thailand, the Philippines, Vietnam, Malaysia, India, and China. At present, its platform has a portfolio of 15 insurance products, which include personal accident and single disease coverages, and facilitated over 300 million policies. WHAT IT'S FOR According to a press release, its latest investment will be used to "double down" on hiring engineering, product, design and data talent across Southeast Asia. It will also aid in its ongoing search for merger and acquisition opportunities. MARKET SNAPSHOT Investors have taken notice of growing insurtech players in Asia since the start of the year. In February, Hong Kong-based Qumata raised $13 million more in Series A funding for its regional expansion. Health insurtech Rey Assurance from Indonesia scored $4.2 million in seed funding in July. Another insurtech company, Zopper from India, also secured $75 million in Series C funding in September for its ongoing expansion efforts. Tags:

Igloo Frequently Asked Questions (FAQ)

  • When was Igloo founded?

    Igloo was founded in 2016.

  • What is Igloo's latest funding round?

    Igloo's latest funding round is Series B - II.

  • How much did Igloo raise?

    Igloo raised a total of $54.2M.

  • Who are the investors of Igloo?

    Investors of Igloo include Cathay Innovation, La Maison, BlueOrchard, Finnish Fund for Industrial Cooperation, Women's World Banking and 11 more.

  • Who are Igloo's competitors?

    Competitors of Igloo include Qoala and 3 more.

  • What products does Igloo offer?

    Igloo's products include Embedded insurance and 1 more.

  • Who are Igloo's customers?

    Customers of Igloo include Bukalapak .

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KASKO provides an InsurTech-as-a-Service platform. The platform lets insurance providers, brokers, and coverholders develop plug-and-play-ready insurance products in a cost-effective manner. The company was founded in 2015 and is based in London, U.K.

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eBaoTech

eBaoTech delivers standards-based insurance software solutions to both property and casualty (P&C) and life insurers. Its end-to-end suite of product offerings-including sales and distribution, policy administration, claims management, and reinsurance modules-is highly flexible and configurable, enabling insurers to speedily launch new insurance products and sales channels and run highly automated operations.

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Qover

Qover is a B2B2C company that provides a suite of insurance products to companies, which companies can append to consumer-facing products. Qover provides cross-industry products and companies that generate extra revenue by offering the insurance product to consumers at the point of sale.

w
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Wefox is a digital insurer focused on personal insurance products. It enables customers, insurance brokers, and insurance providers to transact and manage insurance products digitally.

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