What we believe in


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.

Our milestones

  • 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.

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

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.

Amitabh Singh

Regional Head, Intermediary Platform Services & Country Manager, Malaysia

Driving Igloo’s Malaysia business across business partnerships, operations and business development. An industry vet with two decades of experience in the insurance and banking sector.

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.

Backed by leading VCs

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.

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. The firm’s global platform unifies technology investment across continents, investors, entrepreneurs and leading corporations to accelerate startup growth with access to new markets, invaluable industry knowledge and introductions to potential partners from the start. 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.

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.

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.

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.

Singtel Innov8 is a corporate venture capital arm of Singtel Group, one of Singapore’s largest telecommunications conglomerates. Singtel Innov8 has its own set of decision making, approval and funding process. The firm has a fund size of US$250m and a presence in Singapore, Silicon Valley, Tel Aviv and other markets. Innov8 focuses its investments on technologies and solutions that lead to quantum changes in network capabilities, next-generation devices, digital content services and enablers to enhance customer experience. The firm seeks opportunities into companies in all stages of development, from seed to early growth. Funding size can range from US$100,000 to US$30m.

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.

Our Awards

As Featured On

Asian presence

At Igloo we continue to grow throughout Southeast Asia.
We currently have offices across 6 cities in Southeast Asia, with expertise and capabilities spanning commercial, insurance, product, marketing and customer service.
We work with close to 30 partners across Indonesia, China, Singapore, Thailand, Vietnam, Malaysia and Australia in e-commerce, Telecommunications, Banking, Insurance & Lifestyle industries to deliver over 10 product lines to consumers in the region.

Terms And Conditions

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VN contact number: 0888 994 664

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