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Founded Year

2018

Stage

Acquired | Acquired

About Shift Insurtech

Shift Insurtech operates an insurance platform.On February 5th, 2020, Shift Insurtech was acquired by Uncharted. Terms of the transaction were not disclosed.

Shift Insurtech Headquarter Location

1 N Bridge Rd High Street Centre, #08-08

179094,

Singapore

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Expert Collections containing Shift Insurtech

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

Shift Insurtech is included in 2 Expert Collections, including Insurtech.

I

Insurtech

3,307 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

F

Fintech

3,080 items

Track and capture company information and workflow.

Latest Shift Insurtech News

Shift Insurtech acquired by Uncharted

Feb 5, 2020

Publishing Details Share In a deal for which the financial terms have not been disclosed, Singapore-based insurtech Uncharted and Shift Insurtech will combine their operations Keep on reading Singapore insurtech sector booming Insurtech funding in the Southeast Asian city-state nearly quadrupled between January and September this year compared with the same period in 2018 Stefan Mohamed Going forward, the companies will combine their unique offerings – Shift’s proprietary insurance platform and engineering team, Uncharted’s distribution platforms and global reach – under the Uncharted brand name; part of the impetus behind the deal is to make the new combined entity a major player in the world of insurtech. “The US$5-trillion insurance industry is one of the final frontiers of digital transformation,” said Uncharted’s Founder and CEO Nick Macey, “and is rapidly evolving away from a state heavily reliant upon ageing technology stacks, inefficient workflows, fragmented distribution and limited access to quality data across the value chain. At Uncharted, we believe the opportunity for insurtech lies in enabling brokers and carriers with modern technology that empowers them to scale distribution and quality underwriting through traditional and alternative channels.” Over the past two years, Macey went on to say, Shift has engineered and developed a proprietary core insurance platform ‘that will set the standard for modern insurance technology’. “Our clients trust our technology to provide them with a competitive advantage through tailored workflows, intelligently structured data, comprehensive policy lifecycle management and a system of record that easily integrates across existing stacks,” he said. “After successfully launching our beachhead platform for SME commercial lines in 2019, we will continue to invest in our enterprise B2B SaaS platform for the global insurance market on our mission to be a top-five provider of modern insurance technology.” Publishing Details

  • When was Shift Insurtech founded?

    Shift Insurtech was founded in 2018.

  • What is Shift Insurtech's latest funding round?

    Shift Insurtech's latest funding round is Acquired.

  • Who are the investors of Shift Insurtech?

    Investors of Shift Insurtech include Uncharted.

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