APOLLO Insurance

APOLLO Insurance

Digital insurance for small businesses and freelancers

About

Apollo Cover provides insurance solutions specifically designed for small businesses, freelancers, and individual clients in Canada. Their offerings include a variety of insurance products that protect against risks such as property damage, liability issues, and personal losses. The company operates through an online platform that simplifies the insurance purchasing process, making it easy for clients to understand their policies. Unlike traditional insurance providers, Apollo Cover focuses on tailored coverage that meets the unique needs of its clients, which sets it apart from competitors. The goal of Apollo Cover is to streamline the insurance experience while also offering valuable resources through Apollo Magazine, helping clients succeed in both their personal and professional lives.

Company Stage

N/A

Employees

51-200

Industries

Fintech, Financial Services

Total Funding

$10.4M

Headquarters

N/A

Founded

2018


Simplify Jobs

Simplify's Take

What believers are saying

  • The recent CAD $18.5 million funding round for the launch of FinShore demonstrates strong investor confidence and potential for growth.
  • Partnerships with companies like Zenbase enhance Apollo's service offerings, such as rent credit reporting, which can attract more customers.
  • Apollo's technology-driven approach simplifies the insurance process, making it more accessible and appealing to modern consumers.

What critics are saying

  • The digital insurance market is highly competitive, with numerous players vying for market share.
  • Reliance on technology means that any technical issues or cybersecurity threats could significantly impact operations and customer trust.

What makes APOLLO Insurance unique

  • Apollo Cover focuses on small businesses and freelancers, a niche often underserved by traditional insurers.
  • Their direct-to-consumer model eliminates the need for brokers, reducing costs and streamlining the insurance purchasing process.
  • The integration of Apollo Magazine provides added value by offering clients insights on leadership, technology, and business trends.

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Growth & Insights
Headcount

6 month growth

-6%

1 year growth

-8%

2 year growth

-36%

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