{"id":18739,"date":"2024-05-17T16:20:29","date_gmt":"2024-05-17T13:20:29","guid":{"rendered":"http:\/\/ins2.local\/?page_id=18739"},"modified":"2024-08-14T17:34:10","modified_gmt":"2024-08-14T14:34:10","slug":"history","status":"publish","type":"page","link":"https:\/\/insly.com\/en\/history\/","title":{"rendered":"History"},"content":{"rendered":"\t\t
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A Timeline of Innovation
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2000<\/div>\r\n\t\t\t\t<\/div>
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Where it all began<\/div>

Risto Rossar starts IIZI Insurance Brokers, the world's first online broker, operating in Estonia, Latvia, Lithuania and Finland.<\/p><\/div><\/div><\/div>

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2013<\/div>\r\n\t\t\t\t<\/div>
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Insly is born<\/div>

Identifying a niche for insurance technology, Risto starts Insly, initially selling broker software in Estonia.<\/p><\/div><\/div><\/div>

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2014<\/div>\r\n\t\t\t\t<\/div>
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New horizons<\/div>

Insly is chosen for the Startupbootcamp fintech accelerator in London, establishing it in the UK. Later the same year, Insly launches its dedicated software for MGAs and insurers and wins its first MGA client.<\/p><\/div><\/div><\/div>

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2015<\/div>\r\n\t\t\t\t<\/div>
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Broker platform expands<\/div>

After years of success in Estonia, Insly expands its insurance broker platform to Poland and Latvia.<\/p><\/div><\/div><\/div>

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Pre-seed raise<\/div>

Insly raises a pre-seed round of \u20ac1.3m, involving Risto and his IIZI partners and investors, to further develop its MGA and insurer platform.<\/p><\/div><\/div><\/div>

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2018<\/div>\r\n\t\t\t\t<\/div>
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Seed raise<\/div>

Insly raises \u20ac2.1m seed investment from<\/u><\/a> Concentric, Black Pearls and Uniqa Ventures, plus support from early backers.<\/p><\/div><\/div><\/div>

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2022<\/div>\r\n\t\t\t\t<\/div>
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Insly goes low-code<\/div>

Insly launches its low-code product for MGAs and insurers, accelerating customer onboarding.<\/p><\/div><\/div><\/div>

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More funds to expand<\/div>

Insly secures an additional \u20ac2.3m in funding<\/u><\/a> to fuel its expansion, with contributions from both new and returning investors, including a syndicate from FFF Ventures.<\/p><\/div><\/div><\/div>

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Claims management launch<\/div>

Claims management tool is rolled out<\/u><\/a>, enabling customers to handle the entire insurance lifecycle through the platform.<\/p><\/div><\/div><\/div>

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2023<\/div>\r\n\t\t\t\t<\/div>
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Brokerflow launch<\/div>

Insly launches Brokerflow<\/u><\/a>, a cutting-edge software platform for insurance brokers worldwide, facilitating the creation and management of proposals, application forms, and risk assessments.<\/p><\/div><\/div><\/div>

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Insly raises venture debt<\/div>

Insly raises \u20ac1.7m in venture debt<\/u><\/a> from Hambro Perks to scale up operations.<\/p><\/div><\/div><\/div>

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Acquisition of TubaPay<\/div>

Insly acquires Polish company TubaPay<\/u><\/a>, an application enabling insurance agents to process premium payments via credit card and online. The deal expands Insly\u2019s service offering and forms part of the company\u2019s strategic plan to provide MGAs, insurers, brokers, and agents with all the technology and services they need.<\/p><\/div><\/div><\/div>

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Insly is 10!<\/div>

Insly celebrates its 10th anniversary, reaching an \u20ac8 million annual revenue run rate and achieving profitability.<\/p><\/div><\/div><\/div><\/div>\r\n

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