Canada · Insurance startup

Walnut Insurance

Walnut Insurance, founded in 2020, is a technology-enabled insurance distribution company that focuses on transforming the insurance sales process.

Funding reportedLast round: Series A

InsuranceToronto, Canada

About Walnut Insurance

Walnut Insurance, founded in 2020, is a technology-enabled insurance distribution company that focuses on transforming the insurance sales process.

It operates as an insurtech platform, allowing insurers and enterprise businesses to embed insurance products directly into their platforms and customer journeys. Walnut provides a single API, known as "One API," which digitizes insurance products and supports compliant multi-channel distribution with instant quote and bind experiences. The company offers two main services: an embedded insurance platform for B2B clients, enabling integration of insurance into existing products, and direct term life insurance for individual consumers. The term life insurance is available in 10-year and 20-year terms, with coverage options up to $1,000,000 for clients aged 55 or younger, and up to $499,999 for those aged 56 and older. Walnut partners with RBC Insurance to provide these services and emphasizes technology-driven growth to deliver tailored insurance solutions.

What company datasets say Walnut Insurance raised

Funding, as reported

Reported in all7.3Min the source's currency
Rounds3
Last roundSeries A
Last round size3.3M
Last round dateAug 2024
Investors listed8

On 3 portfolio pages

Investors who name them

Each firm lists Walnut Insurance on its own website. That is the firm's claim, a weaker thing than a round we watched, but a named source.

The company, in detail

What they build

Known for

consumerscustomer engagementdistributioninsurance product deploymentinsurance broker supportinformation technology & servicesinsurancefinancial servicesfinancedigital insuranceapi deploymentmortgage protection insuranceinsurance licensingapi integrationdigital insurance ecosysteminsurance in-platform branding

Built with from their website

Amazon SESGoogle Tag ManagerAmazon CloudFrontWordPress.orgHREF LangFont AwesomeGoogle WorkspaceCloudFlareViewport MetaLovable

+8 more

Amazon Simple Email ServicewebpackFacebook SDKAmazon S3Webflow HostingOpenAIApple Business ManagerGoogle Meet

Sector
Insurance
Industry code
NAICS 524210, 513210, SIC 7375, 6411, 7372
Region
Ontario
Revenue
1.2M a year, as listed
Full record
Every detail in the company directory

Insurance in Canada

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