Igloo
Founded Year
2016Stage
Series B - II | AliveTotal Raised
$54.2MLast Raised
$27M | 1 yr agoAbout Igloo
Igloo operates as an insurance service provider. It provides insurance that is accessible by creating digital insurance products. Igloo was formerly known as Axinan The company was founded in 2016 and is based in Singapore, Singapore.
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Igloo's Product Videos
Igloo's Products & Differentiators
InsurBox
Out of box solution to provide embedded solution to any industry with digital presence
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Research containing Igloo
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Igloo in 2 CB Insights research briefs, most recently on Mar 21, 2023.
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 Insurtech.
Insurtech
4,211 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
Fintech
12,502 items
Excludes US-based companies
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
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
Oct 23, 2023
Partnership offers affordable screen protection plans and other warranty plans Share Regional insurance technology provider Igloo has partnered with smartphone manufacturers Oppo and realme to provide protection and after-sales services in Southeast Asia. Under the agreement, consumers can now purchase Oppo Care and realme+ Care online as well at selected service centres. Oppo Care features screen protection plans starting at US$0.074 per day and realme+ Care provides extended warranty, accidental warranty and screen damage protection plans for US$0.0035 per day. The partnership provides a smoother customer purchase experience. Before, after-sales services were offered online but with the recent collaboration, customers can now purchase the services from Oppo and realme’s official websites and other distribution channels. The new services were launched in the Philippines with realme and in Singapore with Oppo. The companies plan to launch the services in other markets including Malaysia, Indonesia, Vietnam, and Thailand. Through its agreement with Igloo, Oppo and realme’s customers can now seamlessly access and purchase official warranties through a dedicated customer portal, automatically synchronizing with the smartphone brands’ databases for updates in real time. Igloo streamlines the process by simplifying registration through a QR code that directs customers to the portal, making the distribution more efficient and elevating customers’ in-store experience. Igloo CEO Raunak Mehta commented on the agreement, saying the insurtech is committed to ensuring accessibility of insurance products addressing emerging risks from customers’ digital lifestyle. “Oppo and realme have a variety of smartphone product lines that cater to wide audiences, which helps Igloo champion its mission of insurance for all with enhanced accessibility through our partner-friendly API capabilities,” Mehta said in a statement. The collaboration comes as smartphone penetration rates in the Philippines and Singapore are expected to increase to 90% and 96% respectively by 2030, according to data from GSMA. The surge shows how mobile insurance should be more easily accessible and straightforward as mobile devices are more likely to get damaged than any other electronic device in Southeast Asia, Igloo said. Related Stories
Igloo Frequently Asked Questions (FAQ)
When was Igloo founded?
Igloo was founded in 2016.
Where is Igloo's headquarters?
Igloo's headquarters is located at 4 Robinson Road, Singapore.
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, Finnish Fund for Industrial Cooperation, La Maison, BlueOrchard, Women's World Banking and 12 more.
Who are Igloo's competitors?
Competitors of Igloo include Bolttech and 7 more.
What products does Igloo offer?
Igloo's products include InsurBox and 1 more.
Who are Igloo's customers?
Customers of Igloo include Shopee, Dana and OnlineLoanPhilippinas.
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Compare Igloo to Competitors
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Stonestep is a company that focuses on building digital and mobile mass-market insurance businesses, operating within the insurance and technology sectors. The company offers simple, practical solutions that appeal to mass-market customers, including the quick scale-up of new businesses on client platforms and the use of proven technologies and methods to accelerate B2B partnerships. Stonestep primarily sells to sectors such as insurers, mobile operators, payment gateways, consumer lenders, and e-tailers. It is based in Zug, Switzerland.
TIP Insure is a company that focuses on the insurance sector, specifically in the domain of vehicle insurance. The company offers online insurance services, allowing customers to purchase vehicle insurance that suits their needs, with the added convenience of 24/7 availability. The company primarily serves the online insurance industry. It was founded in 2018 and is based in Bangkok, Thailand.
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