What is PolicyMe?
Founded in 2018 by Andrew Ostro, Laura McKay, and Jeff McKay, PolicyMe initially disrupted the market by addressing inefficiencies in life insurance distribution through its proprietary coverage calculator and price comparison platform. The company has since evolved into a full-stack digital insurer, launching fully-underwritten term life insurance products in partnership with Securian Canada. By integrating technology with traditional insurance underwriting, PolicyMe provides a streamlined, transparent experience for consumers, effectively bridging the gap between legacy insurance practices and modern digital expectations.
How much funding has PolicyMe raised?
PolicyMe has raised a total of $38.4M across 3 funding rounds:
Other Financing Round
$3.3M
Series A
$13.5M
Other Financing Round
$21.6M
Other Financing Round (2020): $3.3M with participation from WESTDALE PROPERTIES, HCS Capital Partners LLC, and consorcio.cl
Series A (2022): $13.5M led by Rgax, HCS Capital Partners, SiriusPoint, Securian Financial Group, and Westdale Properties
Other Financing Round (2025): $21.6M supported by Securian Canada and Blue Cross Life Insurance Company of Canada
Key Investors in PolicyMe
Securian Canada
A leading insurance provider in the Canadian Financial Institution and Association & Affinity markets, offering specialized insurance solutions built with genuine care.
Rgax
The transformation engine of Reinsurance Group of America, focused on partnering with carriers to advance transformational capabilities in the life and health insurance sectors.
HCS Capital Partners
A Miami-based venture capital firm specializing in technology-driven companies, providing strategic support in globalization, operations, and marketing communications.
What's next for PolicyMe?
With this major strategic investment, PolicyMe is well-positioned to accelerate its product roadmap and expand its market footprint. The company is expected to focus on deepening its technological infrastructure, enhancing its digital underwriting capabilities, and potentially exploring new insurance verticals. As the firm continues to scale, the focus will likely remain on maintaining its competitive edge in the Canadian market while exploring opportunities to further optimize the customer journey through data-driven insights and strategic partnerships with established financial institutions.
See full PolicyMe company page
