CONNECT WITH US
Fintech

Fintech

Insurtech Igloo Eyes Fivefold SaaS Growth as It Targets MENA Expansion

Fintech News Singapore logo

Published on

Add as a preferred source on Google
Insurtech Igloo Eyes Fivefold SaaS Growth as It Targets MENA Expansion

Igloo aims to grow its insurance software business fivefold over the next two years as it looks beyond Southeast Asia for new markets.

The Singapore-based insurtech plans to expand Igloo Tech Solutions into the Middle East and North Africa through organic growth and acquisitions.

Launched in June 2025, the software-as-a-service (SaaS) platform helps insurers, banks and other businesses develop, distribute and manage insurance products.

It now serves more than 10 clients across Asia, including MSIG Vietnam, Great Eastern Indonesia, Tokio Marine Thailand and HSBC Hong Kong.

Thai digital wallet TrueMoney has used the platform to build an insurance marketplace for its 27 million users, while Tokio Marine uses it to manage more than 1,500 agents in Thailand.

Igloo’s technology draws on data from over 2.2 billion insurance policies facilitated since 2019 and more than 50 million customer profiles.

The company uses artificial intelligence (AI) to automate insurance sales, product development and claims processing.

According to Igloo, its AI-powered product builder has reduced configuration time from two days to 20 minutes.

Its AI claims system adjudicated more than 50,000 cases in the first quarter of 2026 with a reported accuracy rate of 94 percent.

“Our platform and suite of solutions stand out because they have been battle-tested and continually enriched by the first-party data from the 110 million monthly transactions we now facilitate.

As one of the few insurance platform SaaS players who can offer distribution solutions and a comprehensive AI suite, we are well-positioned to expand Igloo Tech Solutions across Southeast Asia and MENA as more of the insurance value chain runs autonomously.”


Source link
Related Topics:Fintech

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We TheMorningPulse.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It's possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.