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Boost Insurance

Boost Insurance

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

OverviewStructured DataIssuesContributors

Contents

boostinsurance.io
Is a
Organization
Organization
Company
Company

Company attributes

Industry
Application programming interface (API)
Application programming interface (API)
Insurance
Insurance
Insurance Technology
Insurance Technology
Finance
Finance
Technology
Technology
Financial technology
Financial technology
Location
New York City
New York City
New York
New York
B2X
B2B
B2B
CEO
Alex Maffeo
Alex Maffeo
Founder
Alex Maffeo
Alex Maffeo
AngelList URL
angel.co/boost-insurance
Pitchbook URL
pitchbook.com/profiles...181189-18
Legal Name
Boost Insurance USA, Inc.
Number of Employees (Ranges)
11 – 50
Full Address
307 5th Avenue, 13th floor, New York, NY 10016
Investors
Greycroft
Greycroft
Coatue Management
Coatue Management
Conversion Capital
Conversion Capital
Nephila Capital
Nephila Capital
IA Capital Group
IA Capital Group
Norwest Venture Partners
Norwest Venture Partners
State National Companies
State National Companies
Tusk Ventures
Tusk Ventures
Founded Date
2017
Total Funding Amount (USD)
17,000,000
Latest Funding Round Date
February 5, 2020
Competitors
Extraordinary Re
Extraordinary Re
Business Model
Subscription
Glassdoor ID
1796899
Latest Funding Type
Series A
Series A
Wellfound ID
boost-insurance

Other attributes

Blog
medium.com/@boostinsurance
Company Operating Status
Active

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

No Timeline data yet.

Funding Rounds

Products

Acquisitions

SBIR/STTR Awards

Patents

Further Resources

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No Further Resources data yet.

References

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