Igloo
- Company typePrivate
- Founded2016
- HeadquartersSingapore, Singapore
- Headcount101–250
- GTM typeB2B
- OfferingSoftware
Igloo firmographics
Firmographics- Name
- Igloo
- Legal name
- Igloo
- Website
- https://iglooinsure.com
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 101–250 employees
- Ownership category
- akta.pro rank
Igloo industry classification
Industry- Product category
- Insurance Technology (Insurtech)
- NAICS
- Insurance Agencies and Brokerages (524210), Insurance Agencies and Brokerages (52421), Other Insurance Related Activities (52429)
- SIC
- Insurance Agents, Brokers & Service (6411), Services-Computer Integrated Systems Design (7373), Fire, Marine & Casualty Insurance (6331)
- akta.pro primary industry
- Embedded Insurance & Affinity Distribution Platforms (FSAGAGAL)
- akta.pro secondary industries
- Document, Workflow & Policy Servicing Automation (RPA/No-Code) (FSAGAGAK), Embedded Travel Insurance Distribution & APIs (THALALAA)
Keywords
Where Igloo is headquartered
LocationHeadquarters
- HQ city
- Singapore
- HQ country
- Singapore
- HQ region
- Asia
Offices8 records
Markets served
Igloo business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Embedded Insurance Distribution: Igloo earns commissions from insurance carriers for distributing their products through its platform and partner network. Revenue is generated through policy premiums collected on behalf of insurers, with Igloo taking a commission share. The company facilitates insurance distribution across multiple channels including e-commerce checkout, telecom platforms, and financial services apps.
- Technology Licensing: Igloo Tech Solutions licenses the company's modular technology stack to insurers and enterprises. This includes the Turbo Core System for insurance operations, API-based distribution tools, and agency management solutions. Revenue is generated through licensing fees, implementation services, and ongoing platform fees.
- B2B2C Insurance Solutions: Igloo provides white-label insurance solutions for platform companies, enabling them to offer insurance products to their customers. This creates new revenue streams for platforms while Igloo earns distribution and platform fees.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Multi-year contract | B2B technology licensing - modular platform components |
| Freemium | Pay-as-you-go | Ignite agent platform - agent recruitment and management |
Go-to-market motion3 records
Distribution channels5 records
Marketing channels5 records
Igloo product offering
Product offeringCore offering
Igloo is a full-stack insurtech firm that designs, underwrites, and distributes embedded insurance products through its proprietary technology platforms. It provides insurance infrastructure (Igloo Tech Solutions), an agent platform (Ignite), partner integration tooling (Igloo Partner), and a consumer app (Igloo Consumer), enabling businesses across Southeast Asia to distribute 15+ insurance product lines via APIs and digital channels.
Product overview
Igloo is a full-stack insurtech firm offering a comprehensive insurance technology ecosystem. The core offering includes the Ignite platform for insurance agents, Igloo Tech Solutions for insurers and enterprises, and over 15 distinct insurance product lines. The product portfolio spans across Automobile, Cyber Security, e-Commerce Purchase Protection, Electronics & Personal Goods, Gamers Health Protection, Loan Protection, Mobile Phone Insurance, Motorcycle, Personal Accident, Pet, Single Disease, Transit, Travel, and Weather Index Insurance. The platform processes over 100 million policies per month and enables B2B2C insurance solutions through API integrations with digital platforms, with AI capabilities powering recommendations, claims processing, and fraud detection.
Differentiator
Problem solved
Functional benefit
Brands
- Ignite: Digital platform for insurance agents to sell easier, faster and more effectively. Provides agents with sales toolkit including quotes, payments, and policy management.
Products and services
- Ignite by Igloo
Quantifiable outcome
- 44% increase in travel insurance purchase completion rates with AI assistant Igi
- +12 more outcomes
Companies that use Igloo
Customer profileNamed customers13 records
Segments4 records
Ideal customer profiles4 records
Igloo technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
AI capability9 records
Feature8 records
Igloo partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered minor and core.
- Eazy DigitalminorAcquisition of Eazy Digital to expand presence in Thailand's insurance market. Deal includes Thailand team and clients, aiming to modernize the sector with faster product launches and better services through AI technology.
- Chubb LifecoreStrategic partnership with Chubb Life Insurance Vietnam and Indonesia to distribute life, health, and critical illness products through Ignite platform. Marks Igloo's expansion from general insurance into life insurance segment. Combines Chubb's underwriting expertise with Igloo's agent network and digital distribution.
- RCBC (Rizal Commercial Banking Corporation)corePartnership to launch in-app embedded insurance marketplace on RCBC's Pulz mobile platform during Singapore Fintech Festival. Initiative enhances financial inclusion and provides integrated insurance experience for Filipino consumers using AI for personalized services.
- TelkomselcoreEmbedded insurance partnership with Indonesian telecom provider. Travel insurance integrated into Telkomsel's existing platforms, providing seamless insurance access to millions of subscribers and reducing purchase friction.
- JMT Network ServicesminorPartnership to offer insurtech solutions in Thailand market, expanding Igloo's regional presence.
- ShopeecoreE-commerce platform partner for embedded insurance distribution including transit and purchase protection products at checkout.
- GCashcoreDigital wallet partner for embedded insurance products distribution to Filipino consumers.
- AgriBank (Vietnam Bank for Agriculture and Rural Development)coreBanking partner for Weather Index Insurance distribution to rice and coffee farmers in Vietnam. Partnership with PVI Insurance, VINARE, and ABIC.
- PVI InsurancecoreInsurance partner for Weather Index Insurance product in Vietnam, providing coverage for coffee farmers.
Scale indicators13 records
Recent moves6 records
Expansion highlights2 records
Igloo competitors and assessment
Company assessmentDirect peers
- Qoala: Southeast Asian insurtech operating in Indonesia, Malaysia and Vietnam that enables embedded insurance distribution via digital partners and an agent network — overlapping with both Igloo's partner and Ignite agent channels.
- Bolttech: Singapore-headquartered embedded insurance platform operating across Asia, with similar B2B2C distribution via telecom, e-commerce and banking partners. Most directly comparable to Igloo by geography, model and product breadth.
- PasarPolis: Indonesia-focused insurtech that distributes microinsurance products through digital platforms such as Gojek and Tokopedia. Closely comparable to Igloo's emerging-market embedded insurance model with similar use cases.
- ZA Tech (ZhongAn Technologies): Insurtech arm of ZhongAn that licenses its cloud-native insurance core and distribution technology to insurers and digital platforms globally. Directly comparable to Igloo Tech Solutions / Turbo Core System offering.
Broad incumbents
- ZhongAn Online P&C Insurance: China's first fully online insurance company and a pioneer of API-driven, ecosystem-embedded insurance products. Comparable in technology-first approach and product breadth, though it operates as a licensed insurer rather than a pure intermediary.
- Grab: Southeast Asian super-app that distributes insurance (life, accident, gadget, ride) to its captive user base. Comparable in that it competes for the same embedded insurance real estate on regional platforms and demonstrates the super-app threat.
- GoTo Group (Gojek/Tokopedia): Indonesian super-app combining mobility, deliveries and e-commerce with embedded insurance partnerships. Comparable as both a current Igloo distribution partner (Tokopedia) and a competitor that could in-house insurance offerings.
Emerging players
- Lemonade: AI-native, mobile-first insurance carrier using chatbots and behavioral economics for underwriting and claims. Comparable to Igloo in AI-led automation (claims in minutes, high accuracy), though focused on direct-to-consumer in the US/Europe.
- WeFox: European digital insurance platform combining a broker app, data analytics and carrier partnerships. Comparable to Igloo's hybrid distribution + technology licensing model, though serving European rather than SEA markets.
Others
- Axa Emerging Customer: Global insurer with significant microinsurance and embedded distribution initiatives across emerging Asia. Comparable as a potential partner or competitive incumbent shaping the regulatory and distribution landscape Igloo operates in.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Igloo social profiles
Digital presenceIgloo financial estimates
Financial estimateRevenue estimate
Valuation estimate
Igloo leadership team
Management profileNumber of profiles
Profiles8 records
Igloo subsidiaries and ownership
Company hierarchySubsidiaries1 record
Igloo funding detail
Funding detailFunding overview
Funding rounds5 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Igloo M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Igloo
What does Igloo do?
Igloo is a full-stack insurtech firm that designs, underwrites, and distributes embedded insurance products through its proprietary technology platforms. It provides insurance infrastructure (Igloo Tech Solutions), an agent platform (Ignite), partner integration tooling (Igloo Partner), and a consumer app (Igloo Consumer), enabling businesses across Southeast Asia to distribute 15+ insurance product lines via APIs and digital channels.
Is Igloo a public or private company?
Igloo is a private company. It is classified as venture growth investor backed and is currently operating.
When was Igloo founded?
Igloo was founded in 2016. It employs 101 to 250 people.
Where is Igloo based?
Igloo is headquartered in Singapore, Singapore, in the Asia region.
How does Igloo make money?
Three revenue lines are on record. Embedded Insurance Distribution is the primary driver. The others are technology Licensing and B2B2C Insurance Solutions.
Who are Igloo's main competitors?
Direct peers on record are Qoala, Bolttech, PasarPolis and ZA Tech (ZhongAn Technologies). Broad incumbents are ZhongAn Online P&C Insurance, Grab and GoTo Group (Gojek/Tokopedia). Emerging players are Lemonade and WeFox. Axa Emerging Customer is listed as an others.
Does Igloo have an API?
Yes. Igloo offers a Partner-friendly API that enables integration of insurance products into partner technology systems. The API supports automated API integrations for embedding insurance products into e-commerce platforms and digital distribution channels. The platform covers the full insurance value chain from product configuration and policy management to claims and finance reconciliation. Developer documentation is at iglooinsure.com/our-technology.
What industry is Igloo in?
Igloo's product category is Insurance Technology (Insurtech). Its primary akta.pro industry code is FSAGAGAL, Embedded Insurance & Affinity Distribution Platforms, with a secondary code of FSAGAGAK, Document, Workflow & Policy Servicing Automation (RPA/No-Code). Its NAICS code is 524210 and its SIC code is 6411.