360Globalnet
Provides leading insurers the tools they need to digitally transform their interactions with policy holders, third parties, supply chains and all claim participants.
| Date | Investors | Amount | Round |
|---|---|---|---|
| investor | €0.0 | round | |
| investor investor | €0.0 | round | |
$400k | Seed | ||
| Total Funding | 000k | ||
| GBP | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 |
|---|---|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | (10 %) | 5 % | 24 % | 51 % | (16 %) | 21 % | 16 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % EBITDA margin | (7 %) | (11 %) | (14 %) | 14 % | (3 %) | 3 % | - |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| % profit margin | (34 %) | (38 %) | (26 %) | (2 %) | (32 %) | (29 %) | (32 %) |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 | 0000 |
| R&D % of revenue | 36 % | 52 % | 42 % | 55 % | - | - | - |
Source: Company filings or news article
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Founded in 2010 by Paul Stanley, 360Globalnet is a software provider specializing in digital claims management for the global insurance industry. Stanley, who serves as the company's CEO, has an extensive background in the insurance sector, having worked with major companies like Direct Line and Royal Insurance, and collaborated with consulting firms McKinsey and BCG. This experience in property and casualty claims shaped his vision to create a more efficient, customer-centric insurance process through technology. Before establishing 360Globalnet, he founded and managed four other successful technology-focused businesses.
The company operates on a business-to-business model, providing a cloud-based, no-code software-as-a-service (SaaS) platform to insurance carriers. Its client base includes some of the world's largest insurers across Europe, North America, and Australia. Revenue is generated through this enterprise software provision. The core of 360Globalnet's offering is its flagship platform, 360SiteView, an end-to-end digital system designed to manage the entire claims lifecycle, from the first notice of loss to final settlement. A key feature of the platform is its no-code architecture, which empowers business users within insurance companies to configure and modify claims processes without needing IT development teams. This approach is designed to circumvent the costs and delays associated with inflexible legacy IT systems.
The platform enables policyholders to self-serve by submitting claims online, including uploading videos and images, which facilitates a faster and more transparent process. For insurers, the technology automates workflows, orchestrates the supply chain, and provides tools for data analysis and fraud detection. This digitalization aims to reduce operational costs, shorten claim lifecycles, and improve the customer experience, with the company reporting that its clients achieve high Net Promoter Scores. The system is modular and can either function as a complete claims platform or integrate with an insurer's existing legacy systems to enhance their capabilities. The company's services extend to various claim types, including property, motor, travel, and business interruption.
Keywords: digital claims management, no-code insurance platform, insurtech, claims processing software, insurance SaaS, policyholder self-service, claims automation, supply chain orchestration, fraud detection, legacy system integration, property and casualty claims, motor insurance technology, FNOL, customer experience insurance, insurance workflow automation, data analytics insurance, 360SiteView, claims lifecycle management, insurance technology solutions, cloud-based claims software