Loro Insurtech Inc.
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Loro Insurtech Inc. - overview
Established
2021
Location
Dover, DE, US
Primary Industry
Software
About
Based in Delaware, US, and founded in 2021, Loro Insurtech Inc operates as a software development firm that offers insurance companies, managing general agencies and brokers to transact business online. In June 2023, Loro raised USD 750,000 in seed funding led by Markd. As of 2023, the company is led by its CEO Peter Tilbrook. The company offers insurance technology solutions to its clients which include a quote-bind portal and offers various features with the help of the toolbox.
The platform helps in reporting, API, payments, claims, and overdue management. It helps in the digitization of insurance products. The firm generates its revenue on a commission basis. It charges clients 1 percent of gross written premium (GWP) when it is between USD 100k to USD 25 million, and 0.
10 percent of gross written premium (GWP) for more than USD 25 million in GWP. The company plans to use the June 2023, funding to expand the team, accelerate product innovation, and drive adoption among insurers.
Current Investors
Markd
Primary Industry
Software
Sub Industries
Business Support Services, Insurance, Software
Website
www.loroinsurance.com/
Verticals
Cloud Computing, InsureTech
Company Stage
Angel & Seed
Total Amount Raised
Subscriber access only
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