- Name of the Company: Ahoy! Insurance
- Describe the Company’s Core Activities: Recreational Boat Insurance in the US
- What Specific Challenges in the Insurance Sector Are You Addressing? Filling a gap in the market where all existing Recreational Boat Insurance programs are antiquated, lacking specialization, do not fit the needs of the modern boater, do not use technology to 1) streamline the user experience and 2) assist with risk reduction post the policy sale
- Could You Explain Your Business Model? We sell insurance. In return to the premium we provide insurance coverage (with scope much broader than others’) as well as smart boat technology to protect the boat
- How Can You Enhance the Experience for Policyholders? Our digital user experience allows consumers and agents alike bind policies in matter of minutes, then enjoy a range of technologies so to help them avoid accidents and theft and hence increase the time they can spend on the water creating memories with family and friends
- Detail the Previous Investments in Your Company: Single digit million $ from Pitango, 83N, Saban Ventures, MS&AD Ventures and others
- Outline the Notable Partnerships or Agreements You’ve Entered Into:
– Insurance partners – Paper provider (Spinnaker Insurance), Reinsurers (TopSail Re and GreenlightRe
– Distribution partners – more than 600 independent agents, including through FirstConnect, Madison Independent Agency Network (M.I.A.N), Appalachian Underwriters, and others
– Embedded insurance partners – Vantage Recreational Financing - Identify the Key Executives in the Company and Their Respective Roles:
– Amit Nisenbaum – CEO
– Kaenan Hertz – Chief Insurance Officer
– Shachar Segev – VP Engineering
MEET THE INSURTECH: Ahoy! – Recreational Boat Insurance in the US
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