Source: Business Wire

The investment will be used to expand Walnut’s groundbreaking embedded insurance technology platform for insurers, brokers, and enterprise businesses looking to participate in the future of insurance distribution.

“The insurance industry has yet to complete its digital transformation, with many insurers and brokers still operating in traditional, non-digital fashions. We aim to leapfrog traditional digitization and support a modern API-enabled embedded distribution strategy,” said Adrien Niblock, CPO and Co-founder of Walnut.

Walnut will utilize the newly secured capital to enhance its technology platform for insurers and brokers, expand its engineering team, and form new partnerships. The company is also poised to enter new markets, capitalizing on the massive opportunity to effectively deploy replicable embedded insurance solutions.

Read full article: https://www.businesswire.com/news/home/20240808783964/en/Walnut-Insurance-Secures-4.6M-to-Transform-Insurance-Distribution-with-Embedded-Technology