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Overview
Igloo is a Singapore-based insurtech that provides an AI-native operating system for insurance across Southeast Asia. It partners with insurers and platforms to configure, distribute, and manage digital insurance products, processing millions of policies each month for 100+ partners including Chubb and Shopee. The company has raised over $100 million from investors and expanded through acquisitions and partnerships, such as acquiring Eazy Digital in Thailand and a 2025 joint venture with JMT Network Services to build a digital insurer. Its platform offers modular product configuration, underwriting, distribution, and claims tooling to shorten insurer launch cycles from months to days, with the goal of accelerating digital insurance deployment across the region.
About Igloo
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Financial Services
Company Size
201-500
Company Stage
Series B
Total Funding
$92.2M
Headquarters
Singapore
Founded
2016
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Simplify's Take
What believers are saying
- FY2025 revenue hit S$80.9 million, up 46%, while net loss narrowed to S$6.73 million.
- Dana and Telkomsel launches in 2026 extend Igloo’s embedded insurance reach in Indonesia.
- Igloo’s AI travel assistant Igi launched June 2026, lifting purchase decisions 44%.
What critics are saying
- Igloo still posted S$6.73 million net loss in FY2025 despite revenue growth.
- Thailand, Indonesia, and the Philippines concentrate partner risk across JMT, Dana, and RCBC.
- A major platform defection or insurer consolidation can strand Igloo as a thin middleware vendor.
What makes Igloo unique
- Igloo’s June 2026 Eazy Digital deal adds insurer SaaS control across Thailand.
- June 2, 2026 Chubb Life partnership expands Igloo from P&C into life distribution.
- Tokio Marine’s January 2026 stake validates Igloo’s underwriting, distribution, and claims infrastructure.
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Funding
Total Funding
$92.2M
Below
Industry Average
Funded Over
5 Rounds
Industry standards
Benefits
Health Insurance
Training Programs
Paid Vacation
Growth & Insights and Company News
6 month growth
↑ 1%1 year growth
↑ 0%2 year growth
↑ 1%Singapore insurtech Igloo and Indonesian fintech Dana have launched a parametric weather insurance product in Indonesia. The product integrates into Dana's QRIS payment flow and pays users 50,000 rupiah (US$2.80) when rainfall at their location reaches 2.5 millimetres or more during the coverage period. Each policy costs 500 rupiah (US$0.028). Claims are validated using satellite precipitation data and users' GPS coordinates, without paperwork or human review. The launch adds to an existing partnership that already offers five insurance products through the Dana app. It reflects insurers' push into digital distribution in Indonesia, where insurance penetration stood at 2.7 per cent, according to Igloo. The product operates within Indonesia's national QR code payment standard, defined by Bank Indonesia.
Singapore-based insurtech Igloo reported revenue of S$80.9 million (US$63.3 million) for FY2025, up 46% year on year, driven by growth in its embedded insurance business across Southeast Asia. Net loss narrowed to S$6.73 million from S$17.1 million in the previous year. The company kept operating expenses flat and maintained headcount. Igloo targets adjusted EBITDA breakeven by end-2026 without significantly increasing costs. Igloo embeds insurance into platforms across e-commerce, logistics, telecommunications, and financial services. One partnership sees Indonesia's Telkomsel distributing protection products through its digital channels. The company previously raised US$46 million in an extended Series B round, with Tokio Marine later acquiring a minority stake.
Acquisition follows 2025 joint venture with JMT Network Services (part of Jaymart Group) and marks Igloo's second major move in Thailand within 12 months Move comes as Igloo steers expansion through strategic partnerships, acquisitions, and the growth of its Tech Solutions business Eazy Digital founder Harprem Doowa to lead Igloo…
Singapore-based insurtech firm Igloo has acquired Eazy Digital, a regional insurtech operating in Thailand and other Asian markets, to strengthen its presence across the region. Financial terms of the deal were not disclosed. The acquisition brings Eazy Digital's client base and Thailand team into Igloo. Eazy Digital founder Harprem Doowa will become Igloo's Thailand country head and head of tech solutions for Asia-Pacific. Founded in 2022, Eazy Digital specialises in digitising insurers' sales distribution and agent operations. Its customers include Marsh Taiwan, Bangkok Insurance, Falcon Insurance, Gallagher, Chubb and Tokio Marine Safety Insurance. The company was previously named Most Disruptive InsurTech in Thailand.
Singapore's insurtech Igloo launches AI travel insurance assistant in Indonesia, boosting purchase decision 44% Igloo Introduces AI Travel Insurance Assistant in Indonesia Singapore-based insurtech company Igloo has launched a new AI travel insurance assistant named Igi in Indonesia. The AI assistant aims to guide customers through the entire travel insurance purchase process using a conversational interface, according to the company. Original Source: https://technode.global/2026/06/09/singapores-insurtech-igloo-launches-ai-travel-insurance-assistant-in-indonesia-boosting-purchase-decision-44/
Igloo is Hiring for 3 Jobs on Simplify!
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About Igloo
Industries
Data & Analytics
Enterprise Software
AI & Machine Learning
Financial Services
Company Size
201-500
Company Stage
Series B
Total Funding
$92.2M
Headquarters
Singapore
Founded
2016
Igloo is Hiring for 3 Jobs on Simplify!
Find jobs on Simplify and start your career today