What is PolicyMe?
PolicyMe, founded in 2018 by Ostro, COO Laura McKay, and CTO Jeff McKay, is an insurtech startup that initially focused on simplifying life insurance distribution through its coverage calculator and price comparison platform. Leveraging past experience in insurance and technology, the company has evolved to offer its own fully-underwritten digital term life insurance product. This product, launched in partnership with Canadian Premier Life Insurance (now operating under the Securian Canada brand), addresses the complexities of the insurance market by providing a streamlined, digital-first experience for consumers seeking financial protection.
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 consorcio.cl, HCS Capital Partners LLC, and WESTDALE PROPERTIES
Series A (2022): $13.5M led by Rgax, Securian Financial Group, SiriusPoint, Westdale Properties, and HCS Capital Partners
Other Financing Round (2025): $21.6M supported by Securian Canada and Blue Cross Life Insurance Company of Canada
Key Investors in PolicyMe
Rgax
RGAX is the transformation engine of Reinsurance Group of America (RGA), focusing on advancing capabilities in life and health insurance through technology and data analytics. They partner with carriers to improve longevity, health span, and close the insurance coverage gap.
Securian Financial Group
Securian Financial Group is a diversified financial services company providing insurance, investment, and retirement products. Founded in 1880, they have a long-standing presence in the financial services sector.
SiriusPoint
SiriusPoint is a global insurance and reinsurance company formed from the merger of Third Point Reinsurance and Sirius Group, offering a broad range of insurance solutions.
What's next for PolicyMe?
The recent major strategic investment signals PolicyMe's readiness for accelerated scaling and market expansion. With a foundation built on technological innovation and a direct-to-consumer digital insurance model, the company is well-positioned to further disrupt the traditional life insurance landscape. Future initiatives will likely focus on enhancing product offerings, expanding distribution channels, and leveraging data analytics to refine underwriting processes and customer engagement, solidifying its position as a key player in the insurtech industry.
See full PolicyMe company page
