Funding :Series A+
Igloo is an InsurTech company that provides non-life insurance services by leveraging on big data and machine learning, providing clients via online marketplaces and internet platforms. Igloo works with leading e-commerce and travel players in Southeast Asia including Bhinneka, Bukalapak, Lazada, RedDoorz, Shippit and Shopee, as well as regional insurance partners Allianz, Baoviet, FWD Singapore, Mercantile and Sompo.
Since the company was founded in 2016, Igloo’s insurance products have already benefitted over 15 million customers, effectively protecting over 50 million transactions in the past year (February 2019 to February 2020). The categories include electronics, home, personal accident, and travel. Services across its current markets in Singapore, Indonesia, Malaysia, Thailand, the Philippines, and Australia. Igloo was chosen as it is the existing name of the company’s flagship B2C digital insurance product line that caters to Southeast Asia's growing population of digitally savvy consumers.