KANSAS CITY, Mo., March 16, 2021 – Fast-growing digital insurance agency Mylo has been selected as the winner of the 2021 InsurTech Innovation Award in the fifth annual FinTech Breakthrough Awards program conducted by FinTech Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global FinTech market today.
Driven by the vision “Revolutionizing insurance to protect what matters,” Mylo is an InsurTech leader launched in 2015 and backed by the world’s largest independent broker Lockton and global investor Guggenheim Partners. Their proprietary digital platform offers guided insurance shopping for small business owners and individuals that directly integrates into the customer experiences of leading companies in a wide range of industries.
“We’re honored to receive this InsurTech Innovation Award for the Mylo insurance platform,” said David Embry, Mylo CEO. “We are pulling together all the components needed for a seamless shopping and advisory experience into a single platform that our partners can embed in their ecosystems to deliver great solutions to customers.”
The FinTech Breakthrough Awards is the premier awards program founded to recognize the FinTech innovators, leaders and visionaries from around the world in a range of categories, including Digital Banking, Personal Finance, Lending, Payments, Investments, RegTech, InsurTech and many more. The 2021 FinTech Breakthrough Award program attracted more than 3,850 nominations from across the globe.
“Congratulations to Mylo on winning our InsurTech Innovation Award for 2021,” said James Johnson, Managing Director, FinTech Breakthrough. “InsurTech is an exciting and competitive sector, and Mylo’s commitment to delivering a stellar customer experience, combined with their technology innovation, helps them break through the field.”
Companies embed Mylo’s proprietary technology (the Mind of Mylo™) into their experiences, placing Mylo directly in the paths of people who currently need insurance. Drawing on 50+ years of Lockton expertise, Mylo’s tech engine advises them on ideal coverage, matches their risks with carrier appetites, then connects them with the best solutions from top-rated carriers. Customers have the same personalized experience whether they shop online or over the phone with a licensed agent. Because Mylo’s cloud-based technology is built to evolve rapidly, partners access new capabilities as they launch.
Mylo continues to win prestigious awards which include being named one of America’s Best Startup Employers 2021 by Forbes. Mylo was a Gold winner as Most Innovative Company of the Year and a Silver winner as Insurance Company of the Year in the 2020 Golden Bridge Business and Innovation Awards. Mylo was also named to Insurance Business America’s Hot 100 in 2019 and recognized on the Techweek 100 in 2018 as an Innovator and in 2017 as a Rising Startup.
About Mylo: Mylo is a digital insurance shopping platform that seamlessly integrates into partner experiences to connect business owners and individuals with top-rated insurance products from multiple carriers, including business, small group benefits, home, auto, life and individual health. Backed by the world’s largest independent broker Lockton and global investor Guggenheim Partners, Mylo draws on 50+ years of Lockton insurance expertise to offer expert insurance recommendations online or in person with licensed agents. For more information, go to ChooseMylo.com.
About FinTech Breakthrough: Part of Tech Breakthrough, a leading market intelligence and recognition platform for technology innovation and leadership around the globe, the FinTech Breakthrough Awards program is devoted to honoring excellence in Financial Technologies and Services companies and products. The FinTech Breakthrough Awards provide public recognition for the achievements of FinTech companies and products in categories including Payments, Personal Finance, Wealth Management, Fraud Protection, Banking, Lending, RegTech, InsurTech and more. For more information, visit FinTechBreakthrough.com
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