We’re a full-stack insurtech firm

“What about people who can’t afford insurance?”
“Why do people find it hard to trust insurers?”
“Can buying insurance be less cumbersome?”

These were the questions that led to the start of Igloo (formerly Axinan), Southeast Asia’s leading full-stack insurtech firm. 300 million policies facilitated later, we’re still driven by the same mission: to make insurance accessible and affordable using data and tech. In other words, Insurance for All.

We’re a Singapore-headquartered full-stack insurtech firm. With a vision of making insurance accessible for all, we provide people-first insurance solutions that are simple, painless and honest. We leverage big data, real-time risk assessment, and end-to-end automated claims management to create insurance solutions for platforms and insurance companies.

We currently have offices in seven countries across East Asia, with expertise and capabilities spanning actuarial, commercial, product, marketing and operations.

We make insurance

We believe that everyone should have access to insurance services that are affordable, simple, effective and honest. We are making this happen by partnering with like-minded partners.

We make insurance

Contact our team of experts to build tailored, value-focused insurance products to attract customers and unlock new revenue streams into the growing Southeast Asian insurance market.

We make insurance

Our agile innovation process makes it easy to build and manage insurance products. Just give us the platform and we’ll build the technology.

Insurance for all


Insurance for all

We want to give people the freedom to pursue what truly matters in their lives and the confidence to take risks. Because people understand that they are covered by insurance.


Making insurance accessible and affordable using data and tech

We exist to give people the insurance that they deserve. Insurance that’s simple to use, painless and honest. Insurance that’s people-first.

How Igloo has grown over the years

  • Founded by former Grab CTO Wei Zhu as “Axinan” (to mean “peace of mind and heart”), with the mission of making insurance accessible for all through technology.
  • Established our business model and tech base, launched our first partnerships and acquired seed funding with 10 employees.
  • Facilitated close to 10 million policies.
  • Rebranded to “Igloo” with a Vision of 'Insurance for All'.
  • Spearheaded commercialisation with product, regional and channel expansion.
  • Market validation: Raised Series A and A+ funding.
  • Expanded operations to Thailand and the Philippines.
  • Secured combined General and Reinsurance license issued by Labuan Financial Services Authority (Labuan FSA) in 2019, as well as a digital brokerage license in Indonesia in 2020.
  • Grew team to 80.
  • Facilitated close to 55 million policies.
  • Focus on operational excellence.
  • Expanded operations to Vietnam and Malaysia.
  • 100+ employees.
  • Launched Ignite by Igloo, a digital platform for intermediaries.
  • Chief Commercial Officer, Raunak Mehta gets promoted to Co-Founder and Chief Executive Officer.
  • Raised US$19 million in Series B funding, bringing Igloo's total fundraising to over US$36 million.
  • Launch Vietnam's first Weather Index Insurance – a blockchain-based parametric Index Insurance product  that automates insurance claims of rice farmers - and covered more than 5000 hectares.
  • Extended Series B funding by US$27 million, bringing Igloo's total fundraising to over US$63million. The round was led by impact investor BlueOrchard, joined by Women’s World Banking Asset Management (WAM), FinnFund, La Maison and Cathay Innovation.
  • Following the success of its Weather Index Insurance for rice farmers launched in November 2022, Igloo expands its reach to coffee farmers in Vietnam.
  • Igloo is the first in Asia to provide non-life insurance products through convenience store chains beginning with its Circle K partnership in Vietnam.
  • Launched a rebrand of Ignite to celebrate its first-year milestone, the Ignite platform has recruited over 22,000 agents in Vietnam and Indonesia, facilitating the issuance of more than 36,000 policies and showcasing remarkable growth in the markets.

Meet the team

Wei Zhu


Igloo co-founder Wei Zhu

Our intrepid leader and insurtech evangelist, Wei brings over 20 years of experience working with the top dogs of the tech world. Formerly CTO of Grab, he was part of Facebook’s pioneer engineering team and spent 8-years with Microsoft prior to that. He’s partial to the occasional game of pool.

Raunak Mehta

Co-Founder & CEO

Co-founder & CEO of Igloo

Raunak has extensive experience in the e-commerce and technology space, having held leadership roles at Asia’s biggest e-commerce brands Flipkart and Zalora. Since joining Igloo, he has spearheaded its market entry into the Philippines, Vietnam, Thailand, Indonesia, and Malaysia. 

Roshan Mahtani

Chief Financial Officer

Responsible for everything to do with fundraising and keeping our investors happy. A former M&A banker at BDA Partners, KPMG Corporate Finance and Greif & Co.

LiLiang Zhu

Chief Technology Officer

LiLiang brings along with him over 20 years of experience in global fintech businesses, especially in the space of insurtech and payment.

Sandra Ernst

Chief Operating Officer

COO Sandra Ernst

Greasing the wheels across strategy, operations and compliance and ensuring our standards are best-in-class. Banking vet, previously COO and Founder CEO at CardUp and Smartfunding.sg.

Wilson Tseng

Chief Business Officer

Wilson Tseng - Chief Business Officer

Ecommerce vet and former Alibaba and Grab exec Wilson is responsible for driving Igloo’s commercial strategy, identifying and developing new growth opportunities and revenue streams.

Jack Xia

Chief Actuary

Responsible for Managing risk with some help from machine learning and predictive modelling. A fellow of the Society of Actuaries and Chartered Enterprise Risk Analyst.

Ray Nguyen

Country Manager, Vietnam

Ray_ Country Manager

Helming Igloo Vietnam, Ray leads the team across business development, partnerships, marketing and operations. Ray’s experience spans industries such as e-commerce, banking, financial services and insurtech.

Mario Berta

Country Manager, Philippines

Mario Berta

A highly experienced leader within the tech industry, with extensive history of building and scaling businesses across the SEA in multiple sectors of eCommerce, Fintech and telecommunications.

Henry Mixson

Country Manager, Indonesia

With over a decade’s  experience in technology and fintech, Henry served as the Country Manager and Regional Head of Credit at Aspire Financial Technology and was a member of the core funding team at Tunaiku/Amar Bank.

John Chen

Country Manager, Thailand

A true citizen of the world who has seen stints in the Middle East, India, Turkey, Germany and more, John brings over 15 years of experience in mobile comms, computer hardware and e-commerce with brands like Lazada, Xiaomi and Asus.

Awards and accolades

Backed by leading VCs

Backed by Japan-based Daiwa Securities Group, ACA is a leading private equity and venture capital firm that invests in mid-market Asian companies in expansion and mature stages. The company has invested in over 40 companies across various industries including technology, healthcare, and services.

BlueOrchard is a leading global impact investment manager and member of the Schroders Group. As a pioneering impact investor, the firm is dedicated to generating lasting positive impact for communities and the environment, while aiming at providing attractive returns to investors. To date, BlueOrchard has invested over USD 9.8bn across more than 105 countries. 

Cathay Innovation is a global venture capital partnership, created in affiliation with Cathay Capital, investing in startups at the center of digital revolution across North America, Latin America, Europe, Asia and Africa. As a multistage fund with over $1.5 billion assets under management and offices across San Francisco, New York, Paris, Shanghai, Beijing and Singapore, Cathay Innovation partners with visionary entrepreneurs and startups positively impacting the world through technology.

Finnfund is a Finnish development financier and impact investor that invests in businesses which solve global development challenges. Our focus sectors include renewable energy, sustainable forestry, sustainable agriculture, financial institutions, and digital infrastructure and solutions. Today Finnfund’s investments, commitments, and investment decisions total about 1.12 billion euros, half of them in Africa. 

Founded in 2012, InVent is a corporate venture capital arm of Intouch Holdings PLC (SET: INTUCH), an asset management & investment company in the telecom, media and telecommunications sector in Thailand. Intouch Holdings is the parent company of Thailand’s largest mobile phone operator provider, AIS. InVent focuses on strategic investments in early to growth-stage tech startups focusing in Thailand and overseas, regardless of sector from digital lifestyle consumer to digital enterprise and emerging technologies.

La Maison is an investment company backed by investors from diverse professional and geographical backgrounds among them the Dassault family, the David Weill family, Cointreau family, Carlo de Benedetti, Xavier Niel, Maurice Levy and others. La Maison co-invests in growth stage, late stage deals, LBOs with very exclusive and highly qualified Venture Capital / Private Equity teams. Since its creation, La Maison has realized more than eighty investments leading to c.€ 700 million under management.

Linear Venture is a Shanghai-based early-stage venture capital firm with a special focus on applied data intelligence. It was founded by former JD (China's Amazon) and Tmall's (Alibaba's B2C brand) executive Michael Zhang and Facebook's founding employee Harry Wang. The firm has $100m of assets under management and has invested in over 30 startups in China, Silicon Valley, and Southeast Asia.

Openspace is a leading Southeast Asia-based venture capital firm that makes investments in early-stage technology companies throughout the region. Openspace has more than US$500m of committed capital in the region and has invested in over 35 portfolio companies to-date. Key areas of investment include fintech, healthtech, edutech, consumer applications and cloud-based solutions.

Headquartered in Paris and with offices in San Francisco, Paris, Berlin and Dakar, Partech is a global venture capital firm investing in the seed, venture, and growth stages. The firm targets investments in a wide range of technologies and businesses for enterprises and consumers, from software, digital brands and services, to hardware and deep tech across all major industries. Companies backed by Partech have completed more than 20 IPOs and more than 50 strategic exits above $100M.

Women’s World Banking designs and invests in the financial solutions, institutions, and policy environments in emerging markets to create greater economic stability and prosperity for women, their families, and their communities. Women’s World Banking Asset Management (“WAM”) invests in innovative inclusive finance companies in the emerging markets, guiding them to capture the substantial market share of financially under-served women and the substantial talent pool of women staff and leaders. WAM’s first Fund was a pioneer of gender-focused impact investing in inclusive financial service providers. 

Asian Presence

We work with over 70 partners across 11 markets in Asia in industries such as e-commerce, telecommunications, banking, insurance, lifestyle, consumer finance and logistics to deliver over 15 product lines in the region.

We’re always looking out for talented individuals to join us in our vision to provide Insurance for All

We have roles spanning actuarial, commercial, product, marketing and operations across our six offices regionally

Terms And Conditions

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VN email
Partnership: cs.vn@igloo.insure
Agency: cs.agency.vn@iglooinsure.com