Greenlight Capital Re, through its Greenlight Re Innovations, announced an investment in Vertical Insure, Inc., a Minneapolis, Minnesota-based embedded insurance program.
Vertical Insure addresses distribution inefficiencies by embedding insurance vertical Software as a Service (SaaS) platforms. Vertical Insure works with managing general agents and carriers to provide additional distribution streams while providing its SaaS partners with a new source of revenue.
Greenlight Re CEO Simon Burton said that Vertical Insure will generate unique underwriting opportunities by tailoring embedded insurance products for industry-specific SaaS platforms and their clients.
Was this article valuable?
Here are more articles you may enjoy.
Toilet Paper Warehouse in California Destroyed by Fire; Employee Arrested 
AI Ruling Prompts Warnings From Lawyers: Your Chats Could Be Used Against You 
Vehicle Complexity Complicates Auto Valuation, Says JD Power 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
