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Working at Zensurance
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About
Danish Yusuf left McKinsey's digital insurance practice to start Zensurance in 2016 with CTO Sultan Mehrabi, targeting the small-business commercial insurance market that traditional brokers underserve. Travelers acquired roughly 60% of the company in August 2018 for about C$16 million, with the founders retaining just over a third; Zensurance continues to operate under its own brand with Yusuf as CEO.
Backers
Travelers holds a ~60% majority stake since August 2018; a C$1M seed preceded it in 2016
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Quick answers
What does Zensurance do?
It is a technology-enabled brokerage that lets Canadian small businesses compare and buy commercial insurance online in minutes, working with 50+ insurance providers.
Who owns Zensurance?
Travelers acquired a majority stake of roughly 60% in August 2018 for about C$16 million. The founders kept just over a third and the company operates under its own brand.
Who founded Zensurance?
Danish Yusuf, who is still CEO, and Sultan Mehrabi, CTO, in Toronto in 2016.