Greenlight Re makes strategic investment in Australian insurtech Handdii

Cayman Islands-based reinsurer Greenlight Capital Re's insurtech unit has made a strategic investment in Australian property insurance claims fulfilment platform Handdii.

Handdii represents the twelfth strategic investment made by Greenlight Re Innovations (GRI) since its formation in March 2018.

Melbourne-based Handdii aims to reinvent the property claim processes by seamlessly pairing insurance companies with contractors and ensuring that all parties involved in the claim process receive real-time updates.

Handdii’s platform focuses on routine property claims, which, under the traditional insurance model, demand more time and resources to administer. Handdii claims that its platform "significantly reduces both claims handling costs and repair time", while improving the customer experience.

“Handdii has created a technology platform that bridges the gap between the construction and insurance industries, eliminating the pain points that arise under the traditional model," said Greenlight Re CEO Simon Burton. "With experience in both industries, Handdii has identified a solution to a niche problem. We look forward to working with the Handdii team and supporting the platform as it grows.”

Handdii’s co-founder, CEO Christie Downs, said: “We set out to secure a strategic investor to support the high-speed growth of taking Handdii to a global stage - Greenlight Re Innovations have both the industry expertise and credibility we were after”.

Handdii COO Kathryn Wood added: “This capital raise enables great momentum for product development essential for our entry into both the New Zealand and United States markets,” added Kathryn Wood.

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