Pattern
Pattern is an insurance platform focused on providing innovative parametric and traditional insurance products that enable businesses to enhance their digital buying experience. The company offers coverages that address critical risks, including cloud service provider downtime, utility outages, supply chain disruptions, and weather-related incidents. By leveraging parametric insurance, Pattern allows businesses to access frictionless, self-service policies that streamline the claims process, automatically paying out to insured customers shortly after a qualifying event without the need for claim filing or loss verification. Currently, Pattern is finalizing its operational deployment as a managing general agent (MGA) in the United States.
1 past transactions
Setoo
Acquisition in 2021
Setoo Limited is a technology company based in Kidlington, United Kingdom, founded in 2018. It specializes in developing software that enables e-businesses to create and distribute personalized insurance and protection products. By leveraging its parametric insurance-as-a-service platform, Setoo empowers businesses to quickly design tailored insurance solutions that address specific consumer concerns, allowing for automatic compensation without the need for traditional claims processes. This innovative approach enhances customer experience while also increasing revenue from ancillary services. Setoo operates as a Managing General Agent (MGA) and is regulated by the Financial Conduct Authority in the UK and the Autorité de Contrôle Prudentiel et de Résolution in the EU.
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