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Igloo logo — Igloo aims to provide affordable and accessible insurance to...

Igloo

Igloo aims to provide affordable and accessible insurance to everyone regardless of their socio-economic status.

Founded 2016 Singapore Singapore 367 employees Series C Total: $98.00M AI, Financial Services +3

General Information

Company Name Igloo
Founded Year 2016
Location Singapore Singapore
Employees 367
Industries AI, Financial Services, Fintech +2
Funding Stage Series C
Business Model B2B2C, Platform, API
Revenue Model Licensing, Usage Based, Commission
Social

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About Igloo

Igloo, founded in 2016, is a Singapore-based insurtech startup on a mission to make insurance affordable and accessible for all, transcending socio-economic barriers. Their tagline, "Igloo aims to provide affordable and accessible insurance to everyone regardless of their socio-economic status," encapsulates this vision.

As a full stack insurtech company, Igloo leverages advanced technologies like big data and real-time risk assessment. Their effective use of end-to-end automated claims management helps deliver innovative B2B2C insurance solutions, catering primarily to platform partners and insurers. By doing so, Igloo helps companies mitigate operational risks, create new revenue streams, and refine existing offerings.

The company operates within the realms of AI, Financial Services, Fintech, Insurance, and Insurtech. It recently secured a significant $36.00M Series C investment on 04 December 2023 from notable investors including Openspace Ventures, Euazeo, and Lamaison Partners.

Business keywords: Insurtech, B2B2C Insurance, Real-time Risk Assessment, Automated Claims Management, Operational Risk Management, Revenue Stream Optimization, Platform Partners, E-commerce Integration, Telecommunications Sector, Hospitality Industry, Health Tech Collaboration, Financial Services Integration, Actuarial Science, Digital Insurance Solutions

Services & Products

Insurance product development
Digital distribution platform
Claims management system
Data-driven risk assessment

Target Customers

E-commerce businesses Insurance agents Tech platforms Telecommunications companies Consumer finance businesses Logistics and transportation companies

Funding Rounds & Investors (4)

View All
Funding Stage Amount Investors Lead Investors Date
Series C $36.00M 3
Openspace Ventures Euazeo Lamaison Partners
Openspace Ventures, Euazeo +1
04 Dec 2023
Series B $27.00M 5
Cathay Innovation InsuResilience Investment Fund Lamaison Partners
Cathay Innovation, InsuResilience Investment Fund +3
28 Nov 2022
Series B $19.00M 2
Cathay Innovation
Cathay Innovation, Asian Capital Alliance
10 Mar 2022
Series A $16.00M -
24 Apr 2020

Igloo Alternatives & Competitors

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Igloo vs
CarePay International
CarePay International The Netherlands

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Igloo vs
BIPRO e.V.
BIPRO e.V. Germany

Wir optimieren Geschäftsprozesse. | We optimize business processes.

48 employees
Financial Services, Insurance
Compare Igloo vs BIPRO e.V.
Igloo vs
Tokio Marine Highland
Tokio Marine Highland United States

Innovative solutions for complex risks.

158 employees
Financial Services, Insurtech
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FAQ About Igloo

Igloo aims to provide affordable and accessible insurance to everyone regardless of their socio-economic status.
Igloo was founded in 2016.
Igloo is headquartered in Singapore.
Igloo operates in AI, Financial Services, Fintech, Insurance and Insurtech. Its work centres on Insurtech, B2B2C Insurance, Real-time Risk Assessment and Automated Claims Management. Its customers include E-commerce businesses, Insurance agents and Tech platforms.
Igloo has a B2B2C, Platform and API business model. Its revenue comes from Licensing, Usage Based and Commission.
Igloo has approximately 367 employees.
Igloo has completed 4 funding rounds, raising a total of $98.00M. The latest funding stage is Series C.
Igloo offers: Insurance product development, Digital distribution platform, Claims management system, Data-driven risk assessment.
Top alternatives and competitors to Igloo include CarePay International, BIPRO e.V., Tokio Marine Highland, TIREA, wefox. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Igloo and CarePay International are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Igloo, https://bouncewatch.com/company/igloo, updated 16 February 2026. When citing, please name BounceWatch and link this page.

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