Toffee Insurance
Toffee Insurance: Business Model Canvas
The nine-block Business Model Canvas, filled in only where a public source states it — empty blocks mean we haven't found a citable fact yet, not that the answer is zero.
Value Propositions
The company aims to make insurance accessible and affordable by creating relevant products in the insurance value chain.
sourceBuying insurance takes less than 90 seconds and claims which are simple are processed in under two hours.
sourceA technology platform focused on providing contextual and relevant insurance offerings to a growing youth demographic, with small ticket size insurance products.
sourceCustomer Segments
Digital-only insurance platform Toffee Insurance targets millennials with contextual, small-ticket insurance products.
sourceA technology platform focused on providing contextual and relevant insurance offerings to a growing youth demographic.
sourceCustomer Relationships
Channels
Fully digital interface where buying insurance takes less than 90 seconds and claims are processed in under two hours.
sourceThe company operates through over 4000+ point of sale outlets across 300 plus cities.
sourceKey Activities
Toffee Insurance uses behavioural and consumption data to cocreate insurance products aided by artificial intelligence, machine learning.
sourcePlans to use the funds to focus on product development and create efficiencies in channel approach as well as expanding its team.
sourceKey Resources
The platform is integrated with seven insurance manufacturers to facilitate real-time policy issuance and processing of claims.
sourceToffee Insurance uses behavioural and consumption data to cocreate insurance products aided by artificial intelligence, machine learning.
sourceKey Partnerships
The company works with a network of insurance partners like HDFC Ergo, Apollo Munich, Religare among others.
sourceBacked by Kalaari Capital, Omidyar Network, Accion Venture Lab, IVM Intersurer and Flourish Ventures across its funding rounds.
sourceRevenue Streams
Cost Structure
FAQs on Toffee Insurance
What is Toffee Insurance's business model?
Toffee Insurance's core value proposition centers on Accessible, affordable microinsurance, Fast, simple digital purchase and claims, Contextual, small-ticket products for everyday risks.