Boost Insurance Launches Boost Re and Full-Stack Captive-as-a-Service Offering
Boost Re enables stakeholders to build full-stack insurance programs on Boost’s infrastructure, while offering an efficient means of deployment for alternative risk capital providers.
Boost Re offers significant benefits to both Boost’s customers and its reinsurance partners. For 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 their own full-stack insurance operations. For alternative risk capital providers, Boost Re provides a reliable and streamlined conduit to deploy reinsurance capacity across Boost-powered insurance programs through dedicated captive cells. By adding this key component behind its existing MGA infrastructure and proprietary core technology systems, Boost can claim to be the industry's first truly vertically integrated digital insurance company.
Captive-as-a-Service: Full-Stack MGA, Insurtech, and Embedded Insurance Programs
With the addition of Boost Re, the company’s MGA, insurtech, and embedded insurance partners can now provide their own reinsurance capacity to sit behind the programs they build on Boost’s infrastructure. With Boost Re’s unique captive-as-a-service offering, Boost’s partners can now achieve all of the benefits of becoming a “full-stack” carrier - such as participating in underwriting returns, having increased product and operational control over their programs, and receiving unparalleled transparency into their program’s data - at a fraction of the traditional cost, capital requirements, or potential valuation compression that comes with building a full-stack insurance business.
“We built Boost to provide our customers with a scalable, long-term solution for building or expanding their insurance business, and Boost Re is the next stage in that vision,” said
Innovating the Insurance Capital Stack: Reliable & Efficient Risk Transfer
Boost Re is structured as a
"Boost Re allows us to offer even greater value to our risk capital partners,” said Maffeo. “For our third-party reinsurance partners, there’s peace of mind knowing that we are participating alongside them in the same risks. For alternative risk capital providers, Boost Re serves as a reliable, trustworthy conduit to the returns offered by the emerging asset class of insurance.”
As an established player in the space, Boost also offers its customers the assurance that its platform is a reliable choice. Maffeo continued: “Given Boost’s deep partnerships with prominent reinsurance partners, robust compliance infrastructure, and multi-year track record of producing consistent underwriting returns, Boost’s stakeholders can scale with the peace of mind that they are building on a well-established foundation and a platform that can support them throughout their growth.”
Boost Re is now available to risk capital providers looking for a channel to access the insurance asset class and to all MGA, insurtech, or embedded insurance stakeholders interested in building full-stack insurance programs. For more information, please visit boostinsurance.com.
About Boost
Boost’s full-stack digital insurance platform makes it easy for businesses to offer white-labeled insurance solutions within their own website, app, or other front end software. Boost provides infrastructure-as-a-service that packages all the compliance, capital, and technology needed to power an insurance program, into a single API-driven solution. Since launching its first program in 2019, Boost has enabled numerous leading insurtech, MGA, and embedded insurance partners across numerous P&C lines to provide over
Companies that leverage Boost’s infrastructure platform drastically reduce the cost and complexity of building an MGA or launching an innovative insurance program. Others can easily expand their offerings by simply white-labeling and embedding one of Boost’s existing products. Through its wholly owned subsidiary,
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