#insurtech

#insurtech

Parento addresses this critical gap by providing the first-ever insurance product specifically designed for paid parental leave, offering companies a three-in-one solution that combines customized insurance coverage, streamlined leave management, and personalized parent coaching. The platform serves both birthing and non-birthing parents, achieving a remarkable 95% return-to-work rate compared to the industry standard of 60%. With its comprehensive approach, Parento helps employers control expenses while supporting employees through one of life's most significant transitions, targeting the $43B total addressable market for parental leave solutions.

Initially, Bestow operated as a direct-to-consumer insurance provider, selling and servicing life insurance policies. Its platform gained traction during the COVID pandemic.