Yolo Tech Insurance, commonly referred to as Yolo Insurance, is an Italian insurtech company that offers simple and affordable on-demand insurance services. Here are some key points about the company: - Founding and Headquarters: Yolo was founded in 2017 by Gianluca De Cobelli and Simone Ranucci Brandimarte, with its headquarters located in Milan, Lombardy[3]. - Business Model: Yolo provides technological services and acts as a brokerage firm, focusing on digitally distributing insurance products in collaboration with major insurance companies. It offers solutions for banks, retailers, and other businesses to distribute insurance products digitally[3]. - Innovations and Milestones: In 2018, Yolo launched the first digital sports insurance and established a digital bancassurance collaboration in Italy. By 2021, it had managed around 1 million policies and won several awards, including the Best Insurtech award at the Italy Insurance Awards[3]. In 2022, Yolo became the first Italian insurtech to be listed in the EGM PRO segment[3]. - Recent Developments: In 2023, Yolo expanded its distribution model and acquired a majority stake in AllianceInSay, a tech broker specializing in mobility insurance. It also strengthened its capital with new strategic investors[3]. - Financials: Yolo's enterprise valuation was reported at $26 million as of August 2021[1]. The company raised $13.39 million in its IPO in 2022[5]. - Investors: Notable investors include Generali Italia, Primo Ventures, Neva Finventures, CRIF, and Be Group[5]. Yolo's mission is to simplify the lives of individuals and businesses by protecting them from unexpected events through innovative insurance solutions[3].