Boost Insurance

Boost Insurance

API-driven platform for customizable insurance solutions

About

Boost Insurance provides a platform that allows businesses to integrate customizable insurance products into their digital environments. This API-driven platform simplifies the process of creating and managing insurance programs, making it faster and less expensive than traditional methods. Businesses such as e-commerce sites and cryptocurrency exchanges can offer tailored insurance solutions directly to their customers at the point of sale. What sets Boost apart from its competitors is its focus on enabling companies to embed insurance offerings seamlessly into their existing systems, enhancing customer engagement and satisfaction. The goal of Boost Insurance is to democratize access to insurance, providing the necessary tools for businesses to create flexible insurance products that meet modern needs.

Company Stage

Series B

Employees

11-50

Industries

Fintech, Financial Services

Total Funding

$49.6M

Headquarters

New York City, New York

Founded

2017


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Simplify's Take

What believers are saying

  • Boost secured $130m in reinsurance capacity, ensuring long-term stability.
  • The insurtech market is projected to grow significantly, benefiting Boost.
  • Boost's partnership with Canopius enhances its innovative insurance programs.

What critics are saying

  • Increased competition from platforms like CoverWallet threatens Boost's market share.
  • Focus on cryptocurrency insurance may not align with all current clients.
  • Internal restructuring due to new CUO may cause short-term disruptions.

What makes Boost Insurance unique

  • Boost offers a turnkey white-labeled insurance solution via API integration.
  • Boost's platform supports the entire insurance lifecycle, enhancing customer experience.
  • Boost collaborates with diverse clients, including e-commerce and cryptocurrency platforms.

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Growth & Insights
Headcount

6 month growth

-12%

1 year growth

-14%

2 year growth

-20%

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

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