Company Profile

    Company overview

    Industry

    Insurance

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    Not specified
    Igloo is an insurtech startup founded in 2016 which leverages big data, real-time risk assessment and end-to-end automated claims management to create innovative B2B2C insurance solutions for platform partners and insurers alike.Igloo’s insurance solutions enable companies to eliminate their exposure to operational risk, create new revenue streams and optimise and enhance existing products. The insurtech firm works with leading e-commerce and travel players across Southeast Asia including Bhinneka, Bukalapak, Lazada, RedDoorz, Shippit, and Shopee, as well as regional insurance partners Allianz, Baoviet, FWD Singapore, Mercantile, and Sompo. Igloo also operates in Vietnam, Philippines, Thailand, Singapore, Indonesia andMalaysia.Since the company was founded in 2016, its insurance products have benefitted over 15 million customers across electronics, home, personal accident and travel insurance. In April 2020, Igloo raised $8.2 million in Series A for expansion in the Southeast Asian markets and Australia. InVent,the corporate venture capital arm of telecommunications firm Intouch Holdings, led Igloo’s extended Series Around. Existing investors Openspace Ventures and Linear Capital also participated in its Series A, bringing four-year-old Igloo’s total to-date raised funds to $16 million.

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