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.
After Greg Biffle Plane Crash, Police Think ‘Friends’ Stole From His NC Home 
No, Florida Lawmakers Did Not Repeal the No-Fault Auto Insurance Law 
New York State Has Budget Deal That Includes Auto Insurance Reforms: Gov. Hochul 
Cost of Howden-Driven Talent War Rises to $31M for Brown & Brown 
