Naftilus Insurtech
Digital-native microinsurance MGA designing and distributing lifestyle-focused insurance products in Greece
Overview
Naftilus Insurtech is a microinsurance MGA based in Athens, Greece, serving low-to-middle-income individuals and small business owners through digital distribution channels. As a startup intermediary, the company designs, underwrites, and distributes life and non-life microinsurance products either directly to consumers or through B2B2C partnerships with telcos, banks, and fintechs.
The company operates through two main program tracks: digitally delivered microinsurance products targeting everyday income protection and lifestyle coverage, and traditional commercial risk advisory services drawing on the founders' backgrounds in large-risk brokerage and underwriting. Carrier capacity is sourced from Greek and international insurance markets; specific carrier partners were not publicly disclosed.
Distribution relies on white-label partnerships with mass-market companies, which embed Naftilus products at their points of sale. The company also provides embedded insurance as a service (IaaS) to insurance intermediaries and other partners seeking to add insurance revenue streams.
Products & Services
Microinsurance Products
Naftilus designs and distributes digitally driven life and non-life microinsurance products aimed at low-to-middle-income families and small entrepreneurs. Products are structured around income protection and everyday risk coverage, marketed as simple, transparent, and affordably priced.
Key Features
- Life microinsurance
- Non-life personal lines microinsurance
- Income protection and everyday risk coverage
Target Users: Individuals and families with low-to-middle incomes; small business owners
Distribution: Direct-to-consumer (D2C) and B2B2C via telcos, banks, and fintechs
Embedded Insurance as a Service (IaaS)
Naftilus partners with insurance intermediaries and other companies to build white-labeled, embedded insurance products integrated at the point of sale. Partners can offer branded insurance products through the Naftilus platform, creating additional revenue streams.
Key Features
- White-label microinsurance embedding
- Custom product design for partner channels
- Digital-first policy administration and distribution
Target Users: Telcos, banks, fintechs, insurance intermediaries
Distribution: B2B via partner integrations
Commercial Risk Advisory
Drawing on the founding team's background in large commercial risk brokerage and underwriting, Naftilus offers advisory services across a full spectrum of business risks.
Key Features
- Fire and business interruption insurance
- Liability insurance
- Credit insurance
- Marine risks
- Renewable energy insurance
Target Users: Greek businesses and companies with international risk exposure
Distribution: Direct advisory and placement
Private Lines and Reinsurance
The company rounds out its offering with private lines and reinsurance placement services.
Target Users: Corporates and partners with complex risk profiles
Distribution: Direct