Greenlight Capital Re Invests in Click2Sure
Greenlight Re Innovations, part of Greenlight Capital Re, a specialist property and casualty reinsurer, has invested in Click2Sure, the South African startup offering a digital platform for distributing, managing and purchasing insurance at the point of sale via API.
Launched in 2017, and led by Daniel Guasco and Jacques Van Niekerk, Click2Sure, which is funded by Team Africa Ventures, enables retailers, service providers, distributors and brokers to offer a selection of over 20 custom developed insurance products at the point of sale. With this latest investment from Greenlight Re, the company plans to scale their business globally.
“We are pleased to be partnering with Click2sure and support Daniel and Jacques as they develop new ways for companies to engage and provide value to their customers. The Click2sure platform enables a radical transformation of the customer experience and a cost-effective way to deliver insurance products to under-served marketplaces.” – CEO of Greenlight Re, Simon Burton.
Click2Sure is the third investment announced by Greenlight Re , which was launched in March 2018 to seek technology and innovation opportunities relating to the reinsurance and insurance markets. On September 28, it unveiled a strategic investment in Galileo Platforms, a Hong Kong based insurance and reinsurance Platform as a Service business which is focused on emerging markets in Asia. On October 5, it announced an investment in Sana Benefits, an Austin, Texas based third-party administrator focused on the rapidly growing self-insured health market in the United States.
Bottom Line: simplesurance and Tokio Marine come to mind.