NFP Ventures Invests in Indio
NFP Ventures, the early-stage investment arm of NFP, has announced a minority investment in Indio Technologies , a management software platform for P&C insurance providers.
Indio, founded in 2016 and has since raised $8m in funding, tackles the inefficient information collection process by automating aspects formerly completed through manual spreadsheets. Indio’s tool eases an often overwhelming procedure for insureds and prospects while offering a streamlined system for account management staff. This investment complements NFP’s desire to create a seamless property and casualty broker experience while remaining at the forefront of innovative Insurtech solutions.
“Customer expectations are being heavily shaped by digital advances, and the insurance arena is no exception. Partnering with Insurtech platforms such as Indio allows us to not only better serve our clients, but to bring new concepts to the P&C marketplace, ultimately improving the broader broker-customer experience.” – President and COO of NFP, Mike Goldman.