FRIDAY halts insurance sales

FRIDAY , the digital insurer backed by Baloise, has stopped selling new policies.

Existing contracts remain in place as Allianz Direct takes over its $57M book of business in Germany and France.

Founded in 2017, FRIDAY raised $127 million and served over 250,000 customers. Its parent company – Baloise – decided last year to exit, and Allianz shared plans to integrate FRIDAY into its direct platform, as it did with Luko.