Greenlight Re Innovations, part of the specialist hedge fund-backed property and casualty reinsurer Greenlight Capital Re, has invested in the digital insurance platform Click2Sure.
South Africa-based Click2Sure has developed a comprehensive digital platform for distributing, managing and purchasing insurance at the point of sale.
Launched by Daniel Guasco and Jacques Van Niekerk in 2017, the platform is designed to make it simple to create and deploy custom insurance products through digital channels.
“We are pleased to be partnering with Click2sure and support Daniel and Jacques as they develop new ways for companies to engage and provide value to their customers,” said Greenlight Re Chief Executive Officer Simon Burton.
“The Click2sure platform enables a radical transformation of the customer experience and a cost-effective way to deliver insurance products to under-served marketplaces.”
Guasco and Van Niekerk added, “We are delighted by the financial investment, but more so by the endorsement of our unique full-stack, multiple digital platform capability and potential.”
“This partnership has brought global recognition to a South African business and we welcome the insights that Greenlight Re Innovations will introduce to the platform.”
Click2Sure is the third insurtech investment announced by Greenlight within the last month, having previously unveiled a strategic investment in Galileo Platforms, a Hong Kong based insurance and reinsurance Platform as a Service (PAAS) business and Sana Benefits, a third-party administrator (TPA) focused on the self-insured health market in the U.S.