Boost Insurance Achieves SOC 2 Type II Compliance, Reinforcing Commitment to Infrastructure Security and Trust - Insurance News | InsuranceNewsNet

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February 11, 2025 Reinsurance
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Boost Insurance Achieves SOC 2 Type II Compliance, Reinforcing Commitment to Infrastructure Security and Trust

Business Wire

NEW YORK--(BUSINESS WIRE)--
Boost Insurance ("Boost" or the "Company"), a leading insurance infrastructure provider, has successfully achieved SOC 2 Type II compliance—solidifying its position as a secure and scalable platform for MGAs, brokers, and (re)insurers. This significant milestone underscores Boost’s ongoing dedication to maintaining the highest standards of data security, privacy, and operational excellence for its customers and partners.

SOC 2 (System and Organization Controls 2) is a rigorous auditing standard developed by the American Institute of Certified Public Accountants (AICPA) to evaluate a company’s systems and processes for managing customer data securely. Achieving SOC 2 Type II compliance highlights Boost's success in implementing robust controls and procedures to protect sensitive information, while emphasizing the importance of consistently maintaining these high standards over time.

A Key Step in Boost’s Mission to Power Technology-Enabled Insurance Solutions

Boost’s achievement of compliance is aligned with its mission to revolutionize the insurance industry by powering modern, scalable, and secure technology-enabled insurance programs. This certification provides Boost’s partners with greater confidence in the platform’s ability to handle sensitive data with the utmost integrity.

“Data security is no longer optional for insurance infrastructure providers—SOC 2 Type II certification reinforces Boost’s position as the most secure digital insurance platform for MGAs, brokers, and reinsurers,” said Alex Maffeo, CEO & Founder at Boost. “Unlike many legacy insurance systems and startup software providers, Boost’s SOC 2 Type II compliance ensures full-stack security and operational resilience.”

Reinforcing Confidence in a Secure and Scalable Platform

Boost’s SOC 2 Type II certification validates the Company’s ability to:

  • Deliver peace of mind to partners and customers through a demonstrated commitment to compliance and trust.

  • Protect sensitive customer data with state-of-the-art security measures.

  • Provide transparency and reliability in its operational practices.

This accomplishment is a testament to Boost’s proactive approach to security, ensuring that partners can focus on building and growing their insurance offerings without compromising on data protection and compliance.

About Boost Insurance

Boost provides the industry’s only full-stack digital insurance platform to empower insurance providers with compliance, capital, and technology infrastructure. This platform is designed to help businesses build and scale efficiently, all through a simple, turnkey solution. Companies that leverage Boost’s infrastructure drastically reduce the complexity and cost of building and scaling their program business by either white-labeling and embedding one of Boost’s active lines of business through a low-code API integration or leveraging a no-code Agency Management System (“AMS”) portal, moving an underserved book of business to Boost’s platform or collaborating with its team of experts to build a custom program from the ground up. Boost is a fully licensed MGA with full delegated authority across the U.S. from several A.M. Best ‘A’ or ‘A-’ rated fronting carriers and is backed by a dedicated panel of over a dozen leading global reinsurers. Boost Re is the Company’s wholly owned segregated cell captive reinsurer domiciled domestically, with the Company and its platforms all fully SOC2 compliant and built to scale with its partners from seed to enterprise. For more information about Boost or to join the platform as an MGA, broker, fronting carrier, or risk capital provider, please visit boostinsurance.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250211258104/en/

For media inquiries, please contact [email protected].

Source: Boost Insurance

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