Co-operative Insurance

Led by its innovative turnaround Management team and forward-looking Board, the leading cooperative insurer in the Philippines is taking the road not taken.

The term “lagun-aro” reflects the cooperative and community-oriented ethos that is a hallmark of the Mondragon Cooperative and its associated entities, including Lagun-Aro.

The company is known for its unique business model, which allows its subsidiaries to operate independently. This decentralized approach to management is often cited as a key factor in Berkshire Hathaway's success.

Luko’s situation is a reminder that even well-funded and innovative startups can encounter unexpected challenges.

First ever bitcoin-denominated life insurer launches with $19M funding from OpenAI CEO Sam Altman

The founders were inspired by their own experiences of dealing with slow and frustrating insurance claims. Sprout AI can handle claims across multiple lines of business, such as property, motor, travel and health.