Nasdaq’s Greenlight Capital Re invests in InsurTech start-up Click2Sure
Digital insurance platform Click2Sure has secured financial backing from a subsidiary of Nasdaq-listed Greenlight Capital Re, which will allow the company to challenge the practice of selling insurance through brokers. The insurance-selling platform, which was founded by former Naspers chief technology officer Jacques Van Niekerk and Groupon SA founder Daniel Guasco, plans to become the thorn in the side of traditional insurers as it is offering new players such as retailers and Uber a platform to offer insurance to their customer bases. After sealing the deal with Greenlight, Guasco said he expected "the legacy of selling through brokers to transform" as Click2Sure would be able offer better prices and time efficiencies to consumers.
As Click2Sure announced its deal, frustrated consumer Jonathan Walker launched an app-based instant short-term insurer, Granadilla. Walker started the company in September 2017 after two months of fighting with his insurer to get his stolen phone...
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