Insurtech Startup Ensurem Secures Strategic $12.25 Million Investment from A-CAP
This funding follows a successful angel investment round of
A-CAP is an industry-leading financial platform that owns multiple insurance and financial businesses. A-CAP's significant capital commitment will help Ensurem expand its capabilities in four main areas:
- Digital storefront where consumers can easily research, shop and purchase life insurance policies, supplemental health coverage, 'living insurance', and other insurance-related products.
- Digital customer acquisition technology and expertise.
- Proprietary product platform used in the development of new insurance products for direct-to-consumer sales.
- Third-party administrative services specializing in straight-through processing, providing insurance companies full back-office support in collaboration with Secure Administrative Solutions (SAS), A-CAP's third-party administrator affiliate.
A-CAP's insurance capabilities, combined with the digital marketing expertise of AngelRush and Ensurem's own team of insurance and technology experts, will advance the company's robust direct-to-consumer insurance platform.
"Our strategic partnership with A-CAP grants us access to third-party administration (TPA) services, reinsurance capabilities, and a wealth of knowledge in the insurance carrier space, all of which will help us meet our mission of providing consumers with a consolidated resource to learn about and secure life insurance and supplemental health-related protection online," said
"Daily advancements in technology are changing consumer expectations of the insurance-buying process," said
For more information visit http://www.ensurem.com, http://www.a-capholdings.com and http://www.angelrush.com.
About
About A-CAP
A-CAP is a holding company owning multiple insurance and financial businesses on its unique and synergistic platform. These businesses include primary insurance carriers, an investment adviser, an administrative services provider, reinsurance vehicles, and a marketing organization. With broad knowledge across the insurance and investment sectors, A-CAP's management team has diverse experience and provides comprehensive services to policyholders, insurance company clients and capital partners. Launched in 2013, A-CAP is a privately held company with offices in
About
AngelRush partners with passionate entrepreneurs and innovators to accelerate businesses to their fullest potential. Led by a team of successful entrepreneurs with decades of combined experience building companies and brands, AngelRush provides seed-stage funding, strategic advice and domain expertise to support its partnerships.
About Secure Administrative Solutions (SAS)
Established by
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Ensurem Contact:
727-451-5126
A-CAP Contact:
929-383-7501
AngelRush Contact:
415-779-2003
SAS Contact:
801-478-4022
Read the full story at http://www.prweb.com/releases/ensurem_llc/investment_acap/prweb14754428.htm
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