Galileo Platforms

Blockchain-based policy administration for the insurance ecosystem

Core Administration Growth Series A

Overview

Galileo Platforms is a blockchain-based policy administration platform for carriers, distributors, and reinsurers operating in Asian insurance markets. The company connects participants in the insurance ecosystem through a shared ledger, enabling straight-through digital processing for life, health, and general insurance products.

The platform is built on Quorum, JPMorgan's permissioned Ethereum fork, and uses smart contracts to automate policy lifecycle management including initiation, underwriting, claims processing, and servicing. By storing policy records on a shared distributed ledger, the system eliminates manual reconciliation between ecosystem participants and reduces processing errors.

Founded by industry veterans Mark Wales and Annette King, Galileo raised USD 3.2M in Series A funding led by Greenlight Re, a reinsurer that also became a strategic partner. Singlife Philippines deployed the platform as its core policy administration system in 2020, becoming one of the first insurers to run production workloads on a blockchain-based PA system.

Products & Services

Policy Administration Platform

A blockchain-based policy administration system replacing traditional PA systems. Built on Quorum (permissioned Ethereum), it uses smart contracts to encode policy administration rules and supports end-to-end policy lifecycle management.

Key Features

Smart contract-driven policy initiation, underwriting, and servicing
Real-time settlement and reconciliation across all ecosystem participants
Encrypted client and contract data on a permissioned distributed ledger

Target Users: Insurers, reinsurers, and distributors seeking a shared policy record system

Insurance Ecosystem Network

A B2B connectivity layer linking insurers, distributors, reinsurers, and other participants through real-time data sharing. Eliminates data duplication and reduces back-office processing cost.

Key Features

Shared source of truth for all ecosystem participants
REST API integration for connecting external systems
Real-time data visibility across the insurance value chain

Target Users: Insurance ecosystem participants requiring interoperability across multiple parties

At a Glance

Founded: 2016
Headquarters: Hong Kong, China
Employees: 11-50
Funding: Series A

Category & Focus

Category: Core Administration
Subcategories: Policy Administration Ecosystem Connectivity Blockchain Infrastructure
Insurance Verticals: Life & Annuity Health P&C Personal
Target Customers: Carriers, Reinsurers, Brokers