Loro Secures $1.1 Million Seed Funding to Transform Specialty Insurance Distribution

Loro Secures $1.1 Million Seed Funding to Transform Specialty Insurance Distribution



Loro, a new technology platform focused on revolutionizing specialty insurance distribution, recently announced the successful completion of its $1.1 million seed funding round. The round was spearheaded by Markd, an esteemed investor in the insurtech sector, along with various strategic angel investors from the insurance industry.

The Loro platform enables insurance carriers, Managing General Agents (MGAs), and program managers to create and distribute insurance products with remarkable speed while ensuring complete underwriting control and versatility in distribution options. It stands out in the market as the only solution that offers a completely free tier for up to $100,000 in gross written premium (GWP) annually, without any minimum commitments. This groundbreaking strategy effectively eliminates financial obstacles that often hold back newcomers attempting to launch and expand insurance programs.

According to Peter Tilbrook, CEO and Co-Founder of Loro, “This investment reflects our mission to create a brighter future for insurance builders. We have achieved significant growth, encompassing over 25 clients globally, connecting more than 600 brokers, and generating considerable premiums, all while prioritizing speed, affordability, and flexibility. This new capital empowers us to build the infrastructure that the specialty market has long anticipated.”

The platform’s no-code product builder allows users to replicate their existing underwriting rules, logic, and pricing models, whether derived from spreadsheets or APIs, without requiring a complete overhaul of effective practices. Users can create dynamic forms, establish complex document generation logic, and automate rating, invoicing, tax, and renewal processes within days. Additionally, seamless integrations with platforms like Stripe, ePayPolicy, DocuSign, and Turris facilitate efficient quote-to-bind workflows.

Unlike traditional systems, Loro is crafted to support multi-tiered distribution, enabling users to manage downstream brokers, retail agents, and partners within a fully digital environment. Every participant has access to quoting, portals, and performance analytics, while the owner retains management control over pricing, rules, and branding.

Parker Beauchamp from Markd commented, “Loro is undertaking a bold initiative by empowering those closest to the risks within the insurance ecosystem to act swiftly without sacrificing control. The Loro team possesses an in-depth understanding of the specialty insurance landscape, and they are developing their products with deep empathy for MGAs and carriers. We take pride in supporting them as they redefine insurance distribution.”

The company’s unprecedented “speed to data” capability provides real-time insights into every quote, binding, and payment within the network. Clients benefit from the ability to generate custom bordereaux, track commissions, automate reporting for Lloyd's, and integrate data points through APIs, fostering operational intelligence that is timely.

Equipped with this new funding, Loro plans to accelerate its product development timeline, expand its team globally, and further invest in connectivity solutions that will enable collaboration among carriers, MGAs, brokers, and agents on a unified, modern platform.

About Loro


Loro is a no-code, multilingual platform specifically designed for specialty insurance distribution. It facilitates the rapid launch and distribution of insurance products in weeks rather than months. Loro empowers users with full control over underwriting, multi-level distribution capabilities, and access to real-time data, all through a single interface. Notably, Loro remains the only insurtech solution offering a free tier for up to $100,000 in GWP annually, with no minimum requirement.

About Markd


Markd is a venture capital firm dedicated to investing in and partnering with transformative insurtech companies. It honors the insurance industry’s legacy while concurrently shaping its future, aiming to inspire innovative solutions that prevent loss and harm.

Topics Business Technology)

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