New York has emerged as the capital of insurtech with most of the Fortune 500 insurance companies headquartered in and around the city and countless startups attacking various segments of the market. Poised to capitalized on this wave of innovation that’s attacking a traditional and often slow industry is Boost, a turnkey insurtech solution for entrepreneurs looking to build the future of insurance.Read it all
NYC-based Boost announced it has raised $3 million in a seed round led by Norwest Venture Partners with participation from IA Capital Group, Greycroft Partners, State National and Nephila.
The digital MGA led by former principal at IA Capital Group, Alex Maffeo, is focused on streamlining the go-to-market process for insurtech startups and innovative insurance products.
Nephila and its fronting partner State National will offer capacity to a new InsurTech platform that aims to help speed up the launch process for start-ups.
The Boost Insurance platform will offer access to regulated insurance paper and risk capacity through Nephila, State National and other leaders in the industry, according to a statement.
NEW YORK, NY--(Marketwired - Sep 26, 2017) - Boost Insurance today announced a $3 million funding round led by Norwest Venture Partners with participation from IA Capital Group, Greycroft Partners, and re/insurance industry leaders State National Companies (NASDAQ: SNC) and Nephila. Boost is focused on scaling a unique development platform that streamlines the go-to-market process for insurtech startups and innovative insurance products.Read it all