bs-preloader__icon
ru kz en

Iron Man, Jay-Z, Will Smith, and Google are investing millions in a life insurance startup

The San Francisco (USA) insurance company Ethos in the last round of financing led by companies such as Accel Partners and GV (formerly known as Google Ventures), raised $35 million, reports ukrstrahovanie.com.ua.
Iron Man, Jay-Z, Will Smith, and Google are investing millions in a life insurance startup

Earlier, life insurance start-up investors were a number of celebrities: Robert Downey Jr.’s Downey Ventures, Durant by Kevin Durant, Will Smith’s Smith Family Circle and Roc Nation by American rapper Jay-Z. Thus, the total amount of funding reached $46 million.

Ethos offers long-term life insurance (from 10 to 30 years), but unlike other traditional insurers, the registration process can be completed within 10 minutes, based only on customer information.

The company Ethos emphasizes that the purchase of life insurance usually takes from 5 to 15 weeks, because it requires a lot of documents, including medical results. Ethros, using data analytics to predict a client’s life expectancy, greatly simplifies the process of obtaining insurance, which also eliminates the presence of intermediaries.

"The insurance sector is an industry of $1 trillion, which is still largely dependent on pens and paper, annoying vendors, doctor visits and old systems, so we believe that there is a huge opportunity to simplify the process with the help of technology - and this is what Ethos does,” said the director of the investor company Accel Partners.

Source:https://www.ukrstrahovanie.com.ua/news/iron-man-jay-z-uill-smit-i-google-investiruyut-millionyi-v-startap-strahovaniya-zhizni

Photos per website: Freedman Club

Share
read also
Privacy policies of Google, Amazon and Facebook violate the GDPR Directive
Privacy policies of Google, Amazon and Facebook violate the GDPR Directive

A third of the privacy programs of the 14 largest technology companies, including Alp...

A set of crucial points upon entering into the Retirement Annuity Agreement. Expert’s advice.
A set of crucial points upon entering into the Retirement Annuity Agreement. Expert’s advice.

A choice of insurance company for entering into the Retirement Annuity Agreement is a...

Elderly Canadians reconsidered their spending and investment during the pandemic
Elderly Canadians reconsidered their spending and investment during the pandemic

Though most senior Canadians say COVID-19 has not significantly affected their financ...

The most interesting materials of the site you have in the mail! Subscribe to the newsletter.

ASK A QUESTION TO THE EXPERT
ASK A QUESTION TO THE EXPERT
Submit your application