2023 was a big year at Boost! Now that it’s almost behind us, we’re looking back at some of our biggest wins of the year:
We helped found the Insurtech Coalition.
The industry is changing fast, bringing both opportunity and uncertainty. That’s why Boost teamed up with five other insurtech leaders to found the InsurTech Coalition, a first-ever group of next-generation insurance companies intent on shaping the future of insurance. The coalition aims to foster responsible innovation, while furthering the collective efforts to provide the best possible insurance experiences to our customers.
We launched Portfolio Insights, the first real-time analytics platform for (re)insurance partners.
Getting timely access to performance data has traditionally been challenging for insurers and reinsurers, who sometimes have to wait months to learn how their portfolio performed in a given period. Portfolio Insights enables Boost’s (re)insurance partners to immediately access real-time data across their portfolio, so they can get the information they need to drive informed business decisions.
We launched Boost Re, an innovative new risk transfer program.
For our MGA, insurtech, and embedded insurance customers, Boost Re’s turnkey captive-as-a-service solution offers a highly cost-effective path to building and scaling your own full-stack insurance operations. For our risk capital partners, Boost Re provides a reliable and streamlined conduit to deploy reinsurance capacity across Boost-powered insurance programs through dedicated captive cells.
We won a 2023 Inc Power Partner award.
We were honored to be chosen out of thousands of applicants for Inc Business Media’s 2023 Power Partners award list, highlighting B2B partners that support startups across all business functions and empower their growth.
We announced our strategic partnership with Canopius.
As part of this partnership, Canopius will provide us with long-term, dedicated risk capacity to back our insurance programs. With Canopius as a partner, we’ll be able to accelerate our new offerings, and build out even more innovative new insurance programs. Plus: they’ve also made a strategic investment in Boost.
We shared the results of our first Embedded Insurance Survey.
We wanted to get the story straight from the source, and so in Q4 2022 Boost surveyed 650+ US consumers. We asked about their experiences with insurance, how they felt about their options, what mattered most in their insurance purchases, and more, and shared our findings here on the blog.
Happy holidays from all of us at Boost, and we can’t wait for what 2024 has in store!