Boost Insurance

Boost Insurance

Boost Insurance is a New York-based insurance technology and infrastructure-as-a-service company founded in 2017.

Boost Insurance is a New York-based provider of licensed property and casualty insurance services intended for technology companies and startups. The company's infrastructure-as-a-service product, or IaaS, packages all the operational and compliance components needed to execute a custom insurance program, including 'A'-rated insurance paper, dedicated risk capacity and claims administration all offered digitally through its proprietary policy administration system APIs, enabling its distribution partners to monetize the insurance vertical by packaging all the back-end components needed to build, launch and manage a digital insurance program.

Platform

Boost powers white-labeled digital insurance programs for leading technology companies and emerging startups. Building on Boost enables companies across segments to offer modern insurance products through an embedded experience within their own front-end environments. Boost's infrastructure-as-a-service platform works to reduce the cost of building and managing an insurance company by packaging the operational, compliance, and capital components and making them accessible through a simple API integration.

Boost's partners build enterprise-level insurance businesses while focusing on digital customer experience and product innovation. Boost handles the rest in the background by automating all policy and claims admin workflows on their behalf - from quote to purchase to claim.

Products

The products offered through Boost Insurance's platform include Startup Directors and Officers Insurance, which offers employed lawyers insurance, employee stock ownership plans coverage, employment practices liability coverage, defense for wage and hour claims coverage and third party EPL coverage. A Commercial Cyber Insurance which covers security and privacy liability, breach response expenses, regulatory defense and penalties, cyber extortion, PCI fines and penalties, and business interruption and restoration coverage. A Parental Leave Insurance, covering salary reimbursement when employees take parental leave offered on a standalone basis. A Security Deposit Replacement insurance which covers rental income and property damage and can include pet damage. Renters Insurance, which covers personal property, first and third party liability, medical expenses, and additional living expense and loss of use. And they offer Pet Health Insurance coverage, covering accidents and illness.

Boost Insurance also offers customizable insurance products for specific customer needs.

Timeline

February 16, 2020

Boost Insurance secures $14 million through Series A funding round to expand Infrastructure-As-A-Service platform

Funding rounds

Funding round
Funding type
Funding round amount (USD)
Funding round date
Investment
Boost Insurance funding round, September 2017
3,000,000
September 2017
3 Results
Results per page:
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People

Name
Role
LinkedIn

Alex Maffeo

Employee

Chris Vitone

Employee

Juan S. Arenas

Employee

Tome Cvitan

Employee

Further reading

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Author
Link
Type
Date

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

References

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