Greenlight Re Innovations, part of the Cayman Islands-based reinsurance company Greenlight Capital Re, has invested in South Africa-based digital insurance platform, Click2Sure.
The investment in Click2Sure is Greenlight Re Innovations third investment since it launched in March 2018 with the purpose of seeking technology and innovation opportunities relating to the reinsurance and insurance markets.
The company invested in healthcare-focused third-party administrator Sana Benefits earlier this month and in reinsurance platform Galileo Platforms in September.
Click2Sure has developed a comprehensive digital platform for distributing, managing, and purchasing insurance at the point of sale, with an innovative API-first approach.
Daniel Guasco and Jacques Van Niekerk, Click2Sure founders, commented: “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."
Simon Burton, Greenlight Re Innovations CEO, said: “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.”
“The Click2Sure platform enables a radical transformation of the customer experience and a cost-effective way to deliver insurance products to under-served marketplaces.”