Igloo, the Singapore-headquartered company building the operating system for insurance in Southeast Asia, has secured $5.0M in new investment. This latest capital adds to the over US$100 million Igloo has raised to date from investors including Eurazeo, Openspace Ventures, and Tokio Marine.
The company provides AI-powered infrastructure that enables insurers and consumer platforms to build, distribute, and manage insurance products digitally. With operations across Indonesia, the Philippines, Thailand, Vietnam, and Malaysia, Igloo's proprietary tech stack processes over 80 million policies per month and has facilitated 1.6 billion cumulative policies.
