The startup operates a digital insurance platform that enables professionals to compare and purchase various insurance products, including cyber risk protection and professional liability, directly online. By providing tools for contract management and claims monitoring, the platform simplifies the insurance acquisition process and enhances transparency for users.
Funding
$3.4M 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
Professionals face a complex and time-consuming process when seeking insurance, often lacking transparency and requiring extensive manual effort to compare options and manage policies. Existing solutions often fail to provide a centralized platform for managing contracts and monitoring claims, leading to inefficiencies and potential oversights.
Solution
Olino provides a 100% online digital insurance platform designed to streamline the acquisition and management of professional insurance. The platform enables users to quickly compare and purchase various insurance products, including professional liability, cyber security, and commercial auto, through a fully digital subscription process. Olino offers customizable policies tailored to over 1,000 specific professions, ensuring relevant coverage at a competitive price. The platform also features a centralized "cockpit" for managing all insurance contracts, simplifying policy administration and providing a comprehensive overview of coverage.
Target Audience
The primary target audience includes independent professionals, freelancers, startups, and small to medium-sized enterprises (SMEs) seeking efficient and transparent online insurance solutions.
Features
- Online platform for comparing and purchasing professional insurance policies
- Customizable insurance contracts tailored to specific professions and business needs
- Coverage for a wide range of insurance types, including RC Pro, cyber risk, and commercial property
- Digital "cockpit" for centralized management of all insurance contracts
- Free cancellation of existing insurance contracts
- Dedicated advisor support via phone, chat, and email
- Embedded insurance API for partners to integrate Olino's services into their offerings
- Online risk assessment tool to determine appropriate coverage levels