An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, Email Us to receive support.
Boost Insurance Appoints Jim Ermilio to its Board of Directors
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Boost Insurance has appointed Jim Ermilio as an Independent Director, bringing over 20 years of leadership experience in insurance. Formerly President of CoverWallet, Ermilio's insights are expected to drive growth as Boost, a leader in insurtech infrastructure, doubles its customer base and employee count over the past year. Notably, Boost launched the first crypto insurance product for retail wallet holders in February 2022, highlighting its innovative approach to the insurance market.
Positive
Jim Ermilio's extensive experience in insurance and insurtech is expected to enhance Boost's strategic direction.
Boost has doubled its customer base and employee count over the past year, indicating strong growth.
Launch of the first crypto insurance product in February 2022 positions Boost as an innovator in the industry.
Negative
None.
NEW YORK--(BUSINESS WIRE)--
Boost Insurance today announced that Jim Ermilio has joined its board as an Independent Director. Ermilio brings more than two decades of experience leading insurance organizations, most recently as President of CoverWallet, a leading digital insurance platform for businesses.
“Jim Ermilio is a deeply experienced insurance and insurtech leader, and we couldn’t be more excited to have him on board,” said Alex Maffeo, CEO and Founder of Boost. “Jim has been a trusted friend of Boost since the very beginning and his insights and expertise will be invaluable as the company continues to scale. We are extremely lucky to have him.”
Ermilio helped lead CoverWallet as its President for more than five years, from Series A through its successful 2020 acquisition by Aon (NYSE: AON), and previously served as CEO and Board Director for Goji, a data-driven home and automobile insurance platform. Prior to Goji, Ermilio served as Executive Director of Massachusetts Office of Business Development, after spending over a decade as Executive Vice President, General Counsel, and Secretary of The Commerce Group, Inc, acquired by MAPFRE S.A. of Spain in 2008.
“Boost is the category leader in insurtech infrastructure and embedded insurance and the team has already made impressive strides in reinventing the way companies operate in our industry,” said Ermilio. “As a former Boost customer with CoverWallet, I now look forward to helping Alex and the team continue to push the industry forward as a board member.”
The announcement follows a year of extraordinary growth for Boost, which in the previous 12 months more than doubled both its customer base and employee count and has experienced exponential premium and revenue growth. Boost also announced several new products in the same timeframe, including the launch of the first and only crypto insurance product for retail wallet holders in February 2022.
ABOUT BOOST INSURANCE
Boost Insurance empowers any company to engage with their customers and increase sales by offering insurance through their own digital experience. Licensed to develop and sell P&C insurance products in all 50 states, Boost provides insurance infrastructure-as-a-service that packages the necessary compliance, operational, capital, and technological components of an insurance program into a turnkey white-labeled solution, accessible via a simple API integration. Businesses that choose Boost can reduce the cost and complexity of building and managing their insurance function, and quickly begin engaging their customers with valuable insurance products. For more information, please visit boostplatform.io.
Who is Jim Ermilio and what is his role at Boost Insurance?
Jim Ermilio is an Independent Director at Boost Insurance, bringing over 20 years of experience in the insurance sector.
What recent achievements has Boost Insurance accomplished?
Boost Insurance has doubled its customer base and employee count over the past year, indicating significant growth.
What innovative product did Boost Insurance launch in February 2022?
Boost Insurance launched the first crypto insurance product for retail wallet holders in February 2022.
How will Jim Ermilio impact Boost Insurance's future?
Jim Ermilio's extensive background in insurtech is expected to provide valuable insights and guidance for Boost's continued growth.
What is the significance of Ermilio's previous role at CoverWallet?
Ermilio served as President of CoverWallet and led it through its successful acquisition by Aon, demonstrating his effective leadership in the insurtech space.
