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.
IMA Latest to Sue Howden Over Alleged Employee Poaching 
Hacking Group Claims Major Hack of Novo Nordisk and Attempted $25M Extortion 
Appetite for Insurance M&A Remains as AI Enters the Chat, Says PwC 
Wrong-Way AI Trade Costs Florida Stock-Picker $50 Billion 
