Breaking News
InsurTech APOLLO raises Series B financing to accelerate online insurance platform
APOLLO Insurance Solutions, a leading Canadian digital insurance provider, today announced a Series B financing with Definity Financial Corporation. Definity has strong digital insurance experience expertise through Sonnet, Canada’s first fully online personal insurance offering, and Vyne, Definity’s broker digital platform. The strategic partnership includes a distribution relationship between Definity Financial’s affiliate Definity Insurance Company and APOLLO, and an agreement by Definity Financial to complete an initial minority equity investment.
APOLLO’s other notable insurance product suppliers include Lloyd’s of London, one of the largest insurance conglomerates in the world, Trisura Guarantee, and Liberty Mutual, a Fortune 100 company.
APOLLO allows broker partners and customers to purchase insurance online through its proprietary platform. APOLLO’s all-digital approach leverages extensive data and intelligent algorithms to quote, collect payment, and issue policies—all without human intervention—and serves all provinces of Canada, except Québec.
“APOLLO is making the insurance buying process effortless, in line with modern consumers’ expectations,” stated Jeff McCann, Chief Executive Officer & Co-Founder of APOLLO. “Definity and APOLLO share a deep commitment to using technology to deliver a seamless insurance experience, regardless of the distribution channel.”
“This transaction provides a unique opportunity for us to accelerate our digital ambitions in commercial insurance by partnering with an entrepreneurial management team focused on growth,” said Fabian Richenberger, Executive Vice-President, Commercial Insurance at Definity. “We believe that APOLLO’s scalable technology platform combined with our proven digital channel experience and strong underwriting capabilities will allow APOLLO to enhance its client experience by offering a broader range of commercial coverages.”
Companies In This Post
- New Economist Impact Report Finds AI is Reshaping Insurance – Gradually Read more
- 39% of Parents Don’t Have Life Insurance: Ocean Finance Launches “Affordable Life” Cover From Just 60p a Month Read more
- Qover and Helvetia Announce Multi-product Partnership for Embedded Insurance Solutions Read more
- Vortex Weather Insurance Launches Direct Access to Snow Risk Policies Read more
- Southern Oak Deploys ZestyAI’s Risk Platform to Improve Risk Visibility and Reduce Losses in Florida Read more
New Economist Impact Report Finds AI is Reshaping Insurance – Gradually
Insurance leaders are beginning to see AI move from hype to real-world impact
39% of Parents Don’t Have Life Insurance: Ocean Finance Launches “Affordable Life” Cover From Just 60p a Month
Ocean Finance has launched Affordable Life - a new life insurance product designed to give families peace of mind without breaking the bank. Cover starts from 60p a month, with the average policy costing just £3.93.
Qover and Helvetia Announce Multi-product Partnership for Embedded Insurance Solutions
Qover, a leading insurtech company driven by a vision of creating a global safety net through insurance, and Swiss insurer Helvetia announce an in-depth collaboration that strengthens their partnership and expands their joint capabilities across multiple insurance product lines and markets.
Vortex Weather Insurance Launches Direct Access to Snow Risk Policies
Vortex Weather Insurance is excited to announce that they are now selling snow risk policies directly
Southern Oak Deploys ZestyAI’s Risk Platform to Improve Risk Visibility and Reduce Losses in Florida
Southern Oak Insurance Company, a Florida-based insurer specializing in personal residential property coverage, has adopted ZestyAI’s AI-powered property risk platform to improve visibility into property condition and exposure across its homeowners portfolio.
One Inc Report: Claims Disbursement Optimization Drives Policyholder Loyalty
A new report commissioned by One Inc, the leading digital payments network for the insurance industry, reveals that fast, flexible claims payments are critical for policyholder loyalty, even overriding concerns about rising premiums.
Rising D&O Claims in India Put Corporate Leaders Under Heightened Scrutiny: Marsh Report
India’s corporate landscape is undergoing rapid change, with directors and officers increasingly facing personal liability risks. Marsh India has released findings from its Directors & Officers (D&O) Liability Insurance Claims Trends Report 2025, which reveals sharp increases in claim notifications, escalating defence costs, and intensifying regulatory actions, underscoring the urgent need for stronger governance and comprehensive D&O coverage.
New Economist Impact Report Finds AI is Reshaping Insurance – Gradually
Insurance leaders are beginning to see AI move from hype to real-world impact
39% of Parents Don’t Have Life Insurance: Ocean Finance Launches “Affordable Life” Cover From Just 60p a Month
Ocean Finance has launched Affordable Life - a new life insurance product designed to give families peace of mind without breaking the bank. Cover starts from 60p a month, with the average policy costing just £3.93.
Qover and Helvetia Announce Multi-product Partnership for Embedded Insurance Solutions
Qover, a leading insurtech company driven by a vision of creating a global safety net through insurance, and Swiss insurer Helvetia announce an in-depth collaboration that strengthens their partnership and expands their joint capabilities across multiple insurance product lines and markets.
Vortex Weather Insurance Launches Direct Access to Snow Risk Policies
Vortex Weather Insurance is excited to announce that they are now selling snow risk policies directly
Southern Oak Deploys ZestyAI’s Risk Platform to Improve Risk Visibility and Reduce Losses in Florida
Southern Oak Insurance Company, a Florida-based insurer specializing in personal residential property coverage, has adopted ZestyAI’s AI-powered property risk platform to improve visibility into property condition and exposure across its homeowners portfolio.
One Inc Report: Claims Disbursement Optimization Drives Policyholder Loyalty
A new report commissioned by One Inc, the leading digital payments network for the insurance industry, reveals that fast, flexible claims payments are critical for policyholder loyalty, even overriding concerns about rising premiums.
Rising D&O Claims in India Put Corporate Leaders Under Heightened Scrutiny: Marsh Report
India’s corporate landscape is undergoing rapid change, with directors and officers increasingly facing personal liability risks. Marsh India has released findings from its Directors & Officers (D&O) Liability Insurance Claims Trends Report 2025, which reveals sharp increases in claim notifications, escalating defence costs, and intensifying regulatory actions, underscoring the urgent need for stronger governance and comprehensive D&O coverage.