Boost launches first insurtech partner with Paladin Cyber
US-based insurance platform Boost Insurance has launched Paladin Cyber as its first insurtech partner.
Boost describes itself as a technology-enabled insurance platform built to enable emerging insurtech startups to take an innovative approach to insurance products, distribution, data analytics, underwriting, and claims. Paladin is an admitted, multi-state cyber programme for small and medium-sized businesses (SMBs).
"Paladin Cyber not only helps protect businesses against devastating hacks but makes sure that they're financially secure if something does get through," said Boost CEO and founder Alex Maffeo. "This innovative approach offers enormous value to SMBs and aligns perfectly with Boost's thesis; it's a sign of a greater change in insurance distribution. Companies and customers alike need a one-stop-shop for both valuable products and the necessary insurance coverage to go with it. That's where Boost comes in."
The modular, application programming interface (API)-driven insurtech platform combines technology and end-to-end insurance infrastructure, helping to reduce the go-to-market time for new insurance programmes.
Over the next few months, Boost plans to launch several new programmes. Products are set to include both personal and commercial P&C lines.
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