Olé Life is a full-stack insurance carrier that sells life insurance via web and mobile and offers B2B embedding through quoting engines and APIs. Its AI-driven digital underwriting analyzes decades of customer data to underwrite policies up to $1 million without a medical exam. The company has members in 30 countries and more than 3,000 contracted advisors, and it introduced lifestyle "add-ons" such as a return-of-premium feature. In the past 16 months Olé Life has issued close to $1 billion in coverage, doubled its headcount, and posted first-quarter revenue that was 73% higher than Q1 2022. The founders, Michael, Andrew, and Brian Carricarte, position the company to target Latin America’s growing middle class. Planned product and distribution priorities include advancing AI capabilities, adding more health and lifestyle add-ons, expanding agents to 5,000, pursuing B2B opportunities, and obtaining licenses in Mexico and Brazil by year-end.

Total raised

$12M

Funding rounds

1

Latest round

Series A

Latest activity

Jun 2023