Boost Insurance has unveiled Boost Re, a risk transfer platform, further enhancing its comprehensive insurance-as-a-service stack.
This development promises substantial advantages for both Boost’s clientele and reinsurance partners.
For Managing General Agents (MGAs), insurtech firms, and embedded insurance providers, Boost Re introduces a turnkey captive-as-a-service solution, presenting a highly cost-effective avenue for establishing and expanding their own full-stack insurance operations.
Additionally, for alternative risk capital providers, Boost Re offers a streamlined channel to deploy reinsurance capacity across Boost-powered insurance programs through dedicated captive cells.
This strategic addition positions Boost as the first vertically integrated digital insurance company in the industry.
Boost Re enables the company’s MGA, insurtech, and embedded insurance partners to provide their own reinsurance capacity to bolster the programs they develop on Boost’s infrastructure.
Through this captive-as-a-service offering, partners gain the benefits of a “full-stack” carrier, including participation in underwriting returns, enhanced control over products and operations, and unprecedented transparency into program data, all at a fraction of the conventional cost and capital requirements.
CEO & Founder of Boost, Alex Maffeo, expressed, “We built Boost to provide our customers with a scalable, long-term solution for building or expanding their insurance business, and Boost Re is the next stage in that vision. By enabling our customers to build a full stack business on Boost Re’s rails, we can offer the same control, reliability, and safety of engaging directly with carriers or reinsurers – at a fraction of the time and cost.”
Boost Re operates as a U.S.-domiciled protected cell captive insurance company, wholly owned by Boost Insurance. This structure empowers Boost to establish dedicated and segregated risk-transfer vehicles, enabling a diverse group of risk capital providers to deploy reinsurance capacity efficiently across Boost-powered insurance programs.
Alex Maffeo further emphasised, “Boost Re allows us to offer even greater value to our risk capital partners. For our third-party reinsurance partners, there’s peace of mind knowing that we are participating alongside them in the same risks. For alternative risk capital providers, Boost Re serves as a reliable, trustworthy conduit to the returns offered by the emerging asset class of insurance.”
With established partnerships in the industry, Boost assures its customers of a dependable platform. Maffeo concluded, “Given Boost’s deep partnerships with prominent reinsurance partners, robust compliance infrastructure, and multi-year track record of producing consistent underwriting returns, Boost’s stakeholders can scale with the peace of mind that they are building on a well-established foundation and a platform that can support them throughout their growth.”
