Roadzen and Societe Generale joint investment in Moonshot Insurance
Roadzen and Societe Generale Assurances have stepped up their joint investment in Moonshot Insurance.
Moonshot Insurance is the leading digital and contextual insurance player in Europe and this investment will enhance the commercial and international development of the company.
Moonshot Insurance has achieved an incredible growth in gross written premium with over 400,000 customers and has continued growing despite the pandemic.
It has received several accolades as one of the best insurtech companies in Europe including the prestigious KPMG Fintech 50 alongside fintech leaders such as Square, ANT Financial and Stripe.“We are very proud to announce that Moonshot Insurance has raised a new funding round led by Société Générale Assurances and Roadzen. We share a common DNA of innovation and the same vision, we bring together technology, capital and client centric products to create the first global-scale venture between two insurtechs. This move paves the way for the acceleration of the development of a new model promoting tomorrow’s insurance today’’. said Pascal Bied-Charreton, CEO of Moonshot Insurance.
“Moonshot Insurance has built a world-class team, a differentiated product, and is embedding insurance into deep internet ecosystems. Roadzen is happy to support Moonshot Insurance with capital, commitment, and know-how to create a digital broker that is truly built for the 21st century. The success of Moonshot Insurance and partnership with Societe Generale Assurances allows us to bring product to distribution effectively targeting Europe’s €600 billion general insurance market. With this new investment — our business, data science and technology teams will work closer together to launch several new customer centric products in the coming weeks.”, said Rohan Malhotra CEO of Roadzen, Inc.
“This partnership between Roadzen and Moonshot Insurance will bring access to more technology to accelerate the development of the platform and serve more customers across Europe. The global presence of Roadzen will increase the impact of the companyin major insurance markets .” said Ingrid Bocris, Chairman of Moonshot Insurance and Deputy CEO of Société Generale Assurances.