Boost Insurance Appoints Jim Ermilio to its Board of Directors

NEW YORK--(BUSINESS WIRE)-- Boost Insurance today announced that Jim Ermilio has joined its board as an Independent Director. Ermilio brings more than two decades of experience leading insurance organizations, most recently as President of CoverWallet, a leading digital insurance platform for businesses.

“Jim Ermilio is a deeply experienced insurance and insurtech leader, and we couldn’t be more excited to have him on board,” said Alex Maffeo, CEO and Founder of Boost. “Jim has been a trusted friend of Boost since the very beginning and his insights and expertise will be invaluable as the company continues to scale. We are extremely lucky to have him.”

Ermilio helped lead CoverWallet as its President for more than five years, from Series A through its successful 2020 acquisition by Aon (NYSE: AON), and previously served as CEO and Board Director for Goji, a data-driven home and automobile insurance platform. Prior to Goji, Ermilio served as Executive Director of Massachusetts Office of Business Development, after spending over a decade as Executive Vice President, General Counsel, and Secretary of The Commerce Group, Inc, acquired by MAPFRE S.A. of Spain in 2008.

“Boost is the category leader in insurtech infrastructure and embedded insurance and the team has already made impressive strides in reinventing the way companies operate in our industry,” said Ermilio. “As a former Boost customer with CoverWallet, I now look forward to helping Alex and the team continue to push the industry forward as a board member.”

The announcement follows a year of extraordinary growth for Boost, which in the previous 12 months more than doubled both its customer base and employee count and has experienced exponential premium and revenue growth. Boost also announced several new products in the same timeframe, including the launch of the first and only crypto insurance product for retail wallet holders in February 2022.

ABOUT BOOST INSURANCE

Boost Insurance empowers any company to engage with their customers and increase sales by offering insurance through their own digital experience. Licensed to develop and sell P&C insurance products in all 50 states, Boost provides insurance infrastructure-as-a-service that packages the necessary compliance, operational, capital, and technological components of an insurance program into a turnkey white-labeled solution, accessible via a simple API integration. Businesses that choose Boost can reduce the cost and complexity of building and managing their insurance function, and quickly begin engaging their customers with valuable insurance products. For more information, please visit boostplatform.io.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220405005044/en/

Water & Wall

Rebecca Schmidt

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Source: Boost Insurance