Apollo acquires InsurTech startup Insura
Insura founder Josh Pillsbury joins Apollo team
Toronto, ON (Aug. 1, 2019) – Apollo Insurance Solutions has acquired InsurTech startup Insura, and its founder & CEO, Josh Pillsbury, has joined the Apollo team as a Business Development Manager, Western Region.
Insura was started in 2017 by Josh Pillsbury, Gleb Vaguine (Chief Operating Officer), and Isaac Ho (Chief Technology Officer) with the goal of simplifying the commercial insurance underwriting process. By allowing unstructured application data to be exchanged through a single standardized digital platform, Insura envisioned an industry where brokers and underwriters could spend less time on repetitive manual data entry, and more on serving the end consumer.
“The Insura team identified many of the pain points brokers and underwriters experience in the insurance purchasing process, and their forward-thinking approach to solving those problems aligns with Apollo’s vision,” says Apollo CEO Jeff McCann. “Josh is playing at a very high level, and we are excited to have him join our team.”
Apollo purchased the rights to Insura’s technology platform, which was primarily focused on serving the American market. Pillsbury has joined Apollo’s Vancouver office, where he will lead growth in the eCommerce broker network and consult on custom automation solutions for existing portfolios. He brings previous international underwriting experience from Hudson Insurance Group, a subsidiary of insurance conglomerate Fairfax Financial.
“I’m excited to bring Insura’s vision to fruition through the Apollo Exchange,” says Pillsbury. “Digital enablement is the future of this industry, and I’m excited for the opportunity to realize that future with Apollo.”
The Apollo Exchange is Canada’s largest online insurance marketplace. Apollo empowers brokers to instantly quote, bind, and issue policy documents for hundreds of classes of small business in real time. Brokererages integrated with the Exchange are able to respond to the changing expectations of buyers and forward thinking employees.
About Apollo Insurance Solutions
Apollo is Canada’s largest online insurance marketplace. Through the Apollo Exchange, brokers can quote, bind, and issue policy documents for hundreds of classes of small businesses from Canada’s leading carriers. Brokerages are also able to white label the Exchange and sell directly from their brokerage website.
Learn more about Apollo in the InsurTech Spotlight.
For additional information, visit story.apollocover.com.
Source: Apollo Insurance
Tags: Acquisition, Apollo, InsurTech, startup Read the original article at Insurance-Canada.ca