# Igloo

> Simple\. Painless\. Honest\. Insurance for Southeast Asia\.

## At a glance

| Field | Value |
| --- | --- |
| Category | Insurtech Infrastructure |
| Type | Solutions Provider |
| Region | APAC |
| Headquarters | Singapore |
| Founded | 2016 |
| Stage | Growth |
| Employees | 51-200 |
| Funding | Series B |

## Overview

Igloo is a full-stack insurtech platform for the Southeast Asian market, providing end-to-end insurance technology to carriers, e-commerce platforms, telcos, banks, and logistics partners across six countries: Singapore, Indonesia, Thailand, the Philippines, Vietnam, and Malaysia.

The company offers Turbo, an AI-powered core system that covers the full insurance value chain -- product configuration, distribution, underwriting, claims management, and fraud detection. Igloo also provides a suite of distribution platforms (agent, consumer, and affinity partner channels) and launched Igloo Tech Solutions in 2025 as a broader digital transformation offering for insurers and brands seeking to deploy new products and adopt AI capabilities at scale.

Founded in 2016 by Wei Zhu (ex-Grab CTO) as Axinan and later rebranded to Igloo, the company has facilitated over one billion policies through 100+ insurance and distribution partner relationships. As of 2024, Igloo reported USD 55.46M in revenue (up 49% year-over-year) and raised a total of USD 100M+ across multiple rounds, with investors including Eurazeo, Cathay Innovation, Tokio Marine, and OpenSpace Ventures. The company is tracking toward EBITDA breakeven in 2026.

## Products & services

### Turbo Core System

AI-powered insurance value chain management platform enabling end-to-end insurance operations from product configuration through claims resolution.

**Key features:**

- Product configuration and underwriting automation
- Claims management with machine learning\-based smart processing
- Fraud detection via AI and real\-time risk assessment
- Know\-Your\-Customer \(KYC\) workflow automation
- Dynamic pricing engine with real\-time risk scoring

*Target users:* Carriers, insurers seeking full\-stack digital infrastructure

### Igloo Tech Solutions

Digital transformation suite launched in June 2025 enabling insurers and brands to deploy new revenue streams, streamline operations, and adopt AI capabilities at scale.

**Key features:**

- Revenue unlocking tools for insurers and distribution partners
- AI capability adoption for underwriting and claims
- Scalable growth infrastructure for regional expansion
- Operational streamlining and process automation

*Target users:* Insurance carriers, brands seeking embedded or white\-label insurance products

### Distribution Platforms

Set of channel-specific platforms for insurance sales and distribution across multiple partner types.

**Key features:**

- Igloo Agent / Ignite: Agency management and sales platform for licensed agents
- Igloo Consumer: Direct\-to\-consumer insurance marketplace
- Igloo Partner: Affinity partner sales channel for telcos, e\-commerce, and financial services partners
- Partner\-friendly APIs for platform integrations

*Target users:* Insurance agents, affinity partners \(telcos, e\-commerce, banks, logistics\)

## Category & focus

- Subcategories: Core administration platform, distribution platform, claims technology, embedded insurance
- Insurance verticals: P&C Personal, P&C Commercial, Specialty/E&S
- Target customers: Carriers, Brokers, Agents/Agencies, Consumers

## Notable customers

- AIS \(Thailand\)
- Shopee
- Lazada
- GCash \(Philippines\)
- Siam Commercial Bank
- foodpanda
- Bukalapak
- Shippit
- Smart Communications \(Philippines\)
- RedDoorz

## Links

- Website: <https://iglooinsure.com>
- Directory profile: <https://insurtechlist.com/companies/igloo/>
- Careers: <https://iglooinsure.com/careers>
- Linkedin: <https://www.linkedin.com/company/iglooinsure>
- Press/news: <https://iglooinsure.com/press/>

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*Last updated: 2026\-06\-03*