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Boost Insurance
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API-driven platform for customizable insurance solutions
Boost Insurance
Work Here?
API-driven platform for customizable insurance solutions
About Boost Insurance
Industries
Fintech
Financial Services
Company Size
11-50
Company Stage
Series B
Total Funding
$49.6M
Headquarters
New York City, New York
Founded
2017
Overview
Boost Insurance offers a customizable platform that allows businesses to integrate insurance products into their digital environments. This API-driven platform simplifies the process of creating and managing insurance programs, making it faster and more efficient than traditional methods. Businesses, such as e-commerce sites and cryptocurrency exchanges, can use Boost's platform to provide tailored insurance solutions directly to their customers at the point of sale. Unlike many competitors, Boost focuses on embedding insurance offerings seamlessly into existing services, enhancing customer engagement and satisfaction. The goal of Boost Insurance is to democratize access to insurance, enabling innovators to create flexible insurance products that meet modern needs.
Simplify's Take
What believers are saying
- Boost secured $130 million in reinsurance capacity for expansion.
- Strategic partnership with Canopius provides long-term reinsurance capacity for scaling.
- Appointment of Emy Donavan enhances product offerings in cyber, tech, and media sectors.
What critics are saying
- Increased competition from platforms like CoverWallet could challenge Boost's market share.
- Shifts in reinsurance market conditions may affect Boost's partnership with Canopius.
- Transitional challenges may arise as Emy Donavan integrates her strategies into Boost.
What makes Boost Insurance unique
- Boost offers a turnkey white-labeled insurance solution via simple API integration.
- Boost's platform supports the entire insurance lifecycle, enhancing customer experience.
- Boost serves diverse clients, including e-commerce and cryptocurrency platforms, with tailored solutions.
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Funding
Total Funding
$49.6M
Meets
Industry Average
Funded Over
3 Rounds
Coatue ManagementIndustry standards
Benefits
Medical, dental, & vision insurance
FSA medical reimbursement account
Unlimited PTO
Paid parental leave
401(k) retirement savings program
Monthly work from home snack reimbursement
Monthly pet insurance/pet wellness plan reimbursement
Monthly company lunches
Best office dogs in the business
Growth & Insights and Company News
6 month growth
↑ 2%1 year growth
↑ 4%2 year growth
↑ 6%Boost Insurance secures equity investment from BHMS.
Boost Insurance <i class="fa fa-info-circle company-popover" data-content="h3Boost Insurance/h3. div. table
Boost Insurance secures $130m in reinsurance capacity for expansion.
Boost Insurance, the leading insurance infrastructure platform, announced it has entered into a strategic partnership with Canopius Group.
NEW YORK, Sept. 12, 2022 /PRNewswire/ -- Boost, the leading insurance infrastructure platform, today announced the appointment of Emy Donavan as Chief Underwriting Officer. Donavan joins Boost from Fin Capital where she was a venture partner leading the insurance segment across funds, working on investment thesis development, deal sourcing, and driving portfolio company operating value. Prior to Fin, Donavan established an impeccable track record as a senior underwriting executive over the past 20 years, including serving as the Global Head and CUO of Cyber, Tech, and Media at Allianz Global Corporate & Specialty (ACGS). Boost CUO Emy Donavan
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About Boost Insurance
Industries
Fintech
Financial Services
Company Size
11-50
Company Stage
Series B
Total Funding
$49.6M
Headquarters
New York City, New York
Founded
2017
Boost Insurance is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today