Full-Time
Senior Software Engineer
Fullstack
Confirmed live in the last 24 hours
PolicyMe
51-200 employees
Online platform for affordable life insurance
No salary listed
Senior
Toronto, ON, Canada
Remote position, but candidates are preferred to be based in Canada.
- 5+ years of experience in web development
- Experience working in UNIX/Linux environments
- Strong development skills in React, Python, and Node
- Experience being a generalist and working on both the frontend and backend
- Build end-to-end experiences for our web-based application
- Work within a cross-functional environment partnering closely with product, design and QA
- Serve as a role model for engineering standards and bring consistency across the many codebases and processes
- Help drive sound technical decision-making and lead technical conversations
- Ensure our platform is reliable, scalable, secure and extensible
PolicyMe simplifies life insurance for Canadians by offering affordable coverage options, including critical illness insurance, through an easy-to-use online platform. Customers can access straightforward advice and apply for policies digitally, which helps reduce costs and allows the company to offer lower premiums. Unlike traditional insurance providers, PolicyMe operates with a digital-first approach, minimizing overhead expenses and passing savings on to clients. The company is backed by reputable partners, enhancing its credibility and financial stability. Since its launch in 2018, PolicyMe has sold over $6 billion in coverage and assisted nearly 10,000 Canadians. Their goal is to ensure transparency and customer satisfaction, handling claims with care and continuously improving services based on customer feedback. Additionally, PolicyMe fosters a positive work environment by organizing team-building events, even while operating remotely.
Company Size
51-200
Company Stage
Series A
Total Funding
$21.1M
Headquarters
Toronto, Canada
Founded
2018
Simplify's Take
What believers are saying
- PolicyMe raised $30M to expand AI capabilities and product offerings.
- The company plans to enter health and dental insurance, broadening its market reach.
- PolicyMe's partnerships with industry giants enhance its credibility and financial stability.
What critics are saying
- Increased competition from other insurtech startups may threaten PolicyMe's market share.
- Expansion into health and dental insurance may bring new regulatory challenges.
- Reliance on AI could lead to biases in decision-making, affecting customer satisfaction.
What makes PolicyMe unique
- PolicyMe offers fully-underwritten term life policies with competitive pricing in Canada.
- The company provides a digital-first platform for easy and quick insurance applications.
- PolicyMe's critical illness insurance covers more conditions than the average Canadian insurer.
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Benefits
Paid Vacation
Stock Options
Remote Work Options
Professional Development Budget
Flexible Work Hours
Growth & Insights and Company News
6 month growth
↑ 5%1 year growth
↑ 5%2 year growth
↑ 5%PolicyMe, a Toronto-based insurtech startup, plans to develop new products and form partnerships after securing $30M over two years. The company is heavily investing in AI but remains cautious about its implementation in the complex insurance industry.
PolicyMe, a Toronto-based insurtech startup, has raised $30 million CAD in equity and debt financing since 2023, bringing its total funding to $51 million CAD. The funding came from strategic partners, including Securian Canada and Blue Cross Life. The company is expanding into health and dental insurance, growing its B2B2C operations, and investing in AI. PolicyMe aims to offer more affordable insurance products and plans to explore launching disability insurance.
During this time, PolicyMe has closed $30 million CAD in previously unannounced equity and debt financing from strategic partners across three tranches since 2023.
However, in 2021, PolicyMe launched its own life insurance products for Canadians in five provinces.
TORONTO--(BUSINESS WIRE)--Toronto-based Insurtech PolicyMe announces the launch of a new Critical Illness Insurance product that offers the most complete coverage in Canada. In partnership with and underwritten by Canadian Premier Life Insurance Company (“Canadian Premier”), this new product covers 44 conditions—10-15 more than the average Canadian insurer. This launch follows PolicyMe’s Series A announcement and will complement their existing core Term Life Insurance offering, enabling Canadians to gain accessible, affordable, and comprehensive financial protection across a wider range of health and life events. With 42% of Canadian parents having one month or less of expenses in emergency savings, PolicyMe’s Critical Illness Insurance product provides Canadian families with the financial protection to withstand lost income or unforeseen medical expenses due to a critical illness. “Having personally battled cancer years ago, I know first-hand how stressful a critical illness diagnosis can be,” says Jeff McKay, Co-Founder & CTO of PolicyMe. “By offering Critical Illness Insurance, we hope that we’re able to remove the financial stress of a diagnosis so our customers can focus on what’s most important: their recovery.”