Loro offers a cloud‑based platform tailored for specialty insurance that lets MGAs, carriers, and brokers launch new products in days instead of months. The solution streamlines distribution, provides real‑time analytics, and integrates with existing systems to reduce technology overhead and accelerate premium generation.
Funding
$1.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Specialty insurance firms rely on legacy, generic software that is costly, complex, and slow to adapt, causing delays in product launches, inefficient distribution, and limited access to real-time data for reporting and market expansion.
Solution
Loro provides a cloud‑based platform designed specifically for specialty insurance, enabling Managing General Agents (MGAs), carriers, and brokers to launch new products in days rather than months. The platform streamlines distribution workflows, offers a unified interface for product configuration, underwriting, and policy issuance, and integrates with existing carrier systems to reduce technology overhead. Real‑time data feeds support accurate reporting to capacity providers such as Lloyd’s, while a flexible architecture allows partners to expand reach to retail brokers and associations quickly. By automating routine tasks and centralizing data, Loro helps insurers accelerate premium generation, lower operational costs, and respond agilely to market demands.
Target Audience
Primary customers are Managing General Agents, specialty carriers, and brokerage firms seeking faster product rollout, broader distribution, and lower technology costs.
Features
- End‑to‑end product launch workflow that reduces setup time by up to 80%
- Integrated distribution management with support for MGA, carrier, and broker networks
- Real‑time analytics and reporting dashboards for capacity providers and regulators
- API‑first architecture enabling seamless connection to legacy carrier systems and third‑party services
- Self‑service product configuration tools that allow non‑technical users to create and modify policies on the fly
- Scalable cloud infrastructure that eliminates the need for on‑premise technology investments