Introducing Igloo by Axinan

Singapore-based Axinan has launched Igloo, an “on-demand lifestyle insurance app” to protect phone screens starting at $0.20/day. Coverage is underwritten by FWD Singapore.

Users can turn cover on and off, choose from daily, monthly or yearly plans, and enjoy a 10-second digital claim submission that’s processed immediately. Refresher: Established 2016, Axinan is now a team of 23 looking to develop insurance products across different verticals. The company has raised an undisclosed Series A round last year.