As posted by BW Disrupt.
Symbo Platform Holdings (“Symbo”), the Singapore-based regional all lines insurance business, today announced that it has acquired ReLeague, a Mumbai-based B2B reinsurance software platform, for an undisclosed sum. The acquisition cements Symbo’s reach across the insurance industry value chain, adding reinsurance to its offerings in direct insurance.
Symbo is a technology-driven insurance business serving the industry across products, distribution and operations. The company, which is backed by investors including, former Sequoia Partner Yinglan Tan’s Insignia Ventures and Dymon Asia Ventures, has achieved early success in India and is expanding into South East Asia through Singapore and Indonesia.
In India, Symbo’s affiliate, Symbo India Insurance Broking (SIIB), has been moving rapidly with almost 700,000 lives covered across various general, life, personal and commercial insurance product lines… Continue reading here…