Introducing Boost Re
Today we’re very excited to announce the latest component of our comprehensive insurance-as-a-service stack: Boost Re, an innovative new risk transfer program that provides significant benefits for both our customers and our risk capital partners.
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.
Boost Re for MGAs, Insurtechs, and Embedded Insurance Platforms
Traditionally, companies that aim to innovate in the insurance industry often reach a point where they need to become full-stack carriers, in order to achieve the level of control and independence that they need to realize their vision. However, becoming a full-stack carrier comes with significant downsides, including increased risk, high capital requirements, and often-onerous regulatory requirements. Boost Re changes the equation.
With Boost Re’s captive-as-a-service solution, you can build and scale full-stack insurance operations on Boost’s infrastructure. Boost Re allows you to provide your own reinsurance capacity to sit behind the programs you create on Boost’s rails, without needing to become a carrier yourself. This means you can achieve the same benefits of becoming a full-stack carrier, such as participating in underwriting returns, having increased product and operational control over your programs, and receiving unparalleled transparency into your program’s data - all at a fraction of the traditional cost and capital requirements of building a full-stack insurance business.
Boost Re for Risk Capital Providers
For our risk capital partners, we now offer even greater value. Boost Re provides a reliable and streamlined conduit to deploy reinsurance capacity across Boost-powered insurance programs through dedicated captive cells.
Boost Re is structured as a U.S.-domiciled protected cell captive insurance company and wholly owned subsidiary of Boost Insurance. This enables us to establish and capitalize dedicated and segregated risk-transfer vehicles, which allow a diverse group of risk capital providers to quickly and efficiently deploy reinsurance capacity across our insurance programs.
There’s another benefit for risk capital providers working with Boost: peace of mind. We have deep partnerships with prominent reinsurance partners, robust compliance infrastructure, and multi-year track record of producing consistent underwriting returns. Our stakeholders can scale knowing that they’re building on a well-established foundation, and that our platform can support them throughout their growth.
Boost Re is now available to our MGA, insurtech, or embedded insurance customers, and also to risk capital providers looking for a channel to access the insurance asset class. Get in touch to learn more about what Boost Re can do for your business.