Swedish FinTech Northmill launches new insurance service

Stockholm-headquartered Northmill is a tech company specializing in helping people manage their finances. Now it has launched a new insurance service.

The FinTech company’s new service is called Reassure and is part of Northmill’s Rebilla suite of products. The new service is a payment protection insurance (PPI) product. It is developed to fit customers’ individual situations, according to Northmill.

Reassure is also part of Northmill’s ambition to grow its insurance business. It currently has over 15.000 monthly policyholders. Northmill aims to reach 25.000 monthly paying policyholders by the end of the year.

Commenting on the new product, Hikmet Ego, CEO and co-founder at Northmill, said, “We have made long-term investments in our advanced and in-house developed technology platform which means that we can develop very competitive and tailored products, and at the same time stand prepared and innovate the insurance products of the future.”

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