Best digital online insurance providers will be discussed in this article. To measure the adoption of private digital financial services firms that do not provide conventional indicators (such as the number of customers, deposits, and assets under management), we are creating a proprietary score, as nerds do.
Top 15 Digital & Online Insurance Providers for Small Businesses In 2024
Top 15 Digital & Online Insurance Providers for Small Businesses are explained here.
1. Next Insurance
FAB: 230
Created in 2016
Office: SF Traction
– $4B in valuation (based on March 2021 round)
$881 million was raised (Crunchbase), with $250 million coming in 2021. American Express participated in the B-round (July 2018)
Website visitors in October 2021: 770,000 (SimilarWeb)
660 employees (Pitchbook)
68 articles (Crunchbase)
Twitter has 9,800 followers, and Linkedin has 24,400.
– NA for Trustpilot (2 reviews)
– YouTube: 3100 subscribers and 19 million views
2. Coalition
FAB score for the coalition: 122.
Headquarters: San Francisco, Calif.
Created in 2017
Traction:
– $3.5B in value (based on Sep 2021 round)
– $520 million raised (Crunchbase), including $380 million in 2021
– Personnel: 265 (Techcrunch)
– 73,000 website visitors in October 2021 (SimilarWeb)
– A $325 million run rate (gross written premiums), nine times higher than in 2020 (TechCrunch, Sep 2021)
– After acquiring Attune, the company will have a combined annual run rate of $500 million and 130,000 customers (InsurTechInsights, Oct 2021)
Linkedin social media: 11,700 followers
Twitter has 800 users.
1,300 views and 27 subscribers on YouTube
N/A on TrustPilot (no reviews)
3. Pie Insurance
FAB rating: 80
HQ: Denver, CO and Washington, DC
Created in 2017 (first policy sold in 2018)
Traction:
– Lifetime premiums written: $100M (gross)
– Awarded $306 million (Crunchbase), including $118 million in 2021. (co-led by Allianz Group)
More than 300 full-time employees.
– 1,000+ insurance agency partners
– 52,000 unique visitors made up 57,000 of the website visits in October 2021. (SEMrush)
– There are 35 articles (Crunchbase)
Linkedin social media: 6,500 followers (313 employees)
Twitter has 840 users.
YouTube: 193 subscribers, 2.6 million views
2.200 Instagram followers
4.6 on TrustPilot (298 reviews)
John Swigart, CEO (formerly CMO at Esurance), and Dax Craig, President, are the founders (previously co-founded Valen Analytics)
4. Embroker
HQ: SF
Created in 2015
Traction:
$20 million in premiums were written (gross) in the first quarter of 2021. According to Crunchbase, $142 million was raised (Pitchbook)
Website traffic in October 2021 was 71,000 visits (SimilarWeb). There were 27 articles (Crunchbase)
Linkedin social media: 4,600 followers (186 employees)
Twitter has 3,400 users.
8,300 views and 44 followers on YouTube
3.600 Instagram followers
TrustPilot: 0 testimonials
Matt Miller, Sean X Cummings, and Yotam Shacham are the founders.
5. Wallet Cover (acquired by AON)
FAB rating: 20
HQ: NYC
Created in 2015
AON acquired it in January 2020
Traction:
– Funded at: $28.3M (Crunchbase)
– 300 employees (Pitchbook)
– 130,000 visitors to the website in October 2021 (SimilarWeb)
– There are 20 articles (Crunchbase)
Social media on LinkedIn: 14,500 users (367 employees)
Twitter has 4,120 users.
36,000 views and 43 subscribers on YouTube
2.6 on TrustPilot (only 4 reviews)
Founders: Rashmi Melgiri and Inaki Berenguer
6. Thimble
FAB rating: 18
HQ: NYC
Created in 2015
Traction:
– Funded at $28.9M (Crunchbase)
– Personnel: 177 (Pitchbook)
– 110,000 visitors to the website in October 2021. (SimilarWeb)
– There are 16 articles (Crunchbase)
Linkedin social media: 5,600 followers (58 employees)
Twitter has 770 users.
YouTube: 115 subscribers, 4.3 million views
Instagram has 1,250 users.
4.6 on TrustPilot (718 reviews)
Founders: Jay Bregman and Eugene Hertz
7. INSHUR
HQ: NYC
Created in 2016
Traction:
– Employees: 100 – Amount raised: $36.6 (Crunchbase), including $25 million in 2021 (Pitchbook)
– 100,000 visitors to the website in October 2021 (SimilarWeb) This is another digital online insurance providers.
– Eleven articles total (Crunchbase)
Social media: 8,100 followers on Linkedin (152 employees)
114 subscribers and 30,000 views on YouTube
176 followers on Instagram
4.5 on TrustPilot (2,145 reviews)
Founders: Richard Anderson, Mathew Donfrancesco, Matthew Tomlinson, David Daiches, Dan Bratshpis.
8. Insureon
Chicago, HQ
Created in 1997
Traction:
– Funded by: $31M (Crunchbase)
– 160 employees (Pitchbook)
– Website visitors in October 2021: 290,000 (SimilarWeb)
– There are 44 articles (Crunchbase)
Social media on LinkedIn: 3,100 users (163 employees)
Twitter has 2,300 users.
9,300 views and 325 followers on YouTube
48 followers on Instagram
1.7 on TrustPilot (235 reviews)
Founders: Michael Cline, Ted Devine, and Jim Cochran
9. Vouch
FAB Vouch score: 32
HQ: SF
Created in 2018
Traction:
$184 million was raised (according to Crunchbase), with $60 million coming in 2021. (Pitchbook)
– 14,000 visits to the website in October 2021 from 7,900 unique visitors (SEMrush) This is another digital online insurance providers.
– There are 8 articles (Crunchbase)
Linkedin social media: 5,700 followers (149 employees)
Twitter has 620 users.
Instagram has 830 users.
TrustPilot: 0 testimonials
Founders: Travis Hedge and Sam Hodges
10. Cowbell Cyber
Score for Cyber FAB: 10
Headquarters: SF Bay Area (Pleasonton) Established: 2019
Traction:
– $23.6M was raised (Crunchbase), with $20.3M coming in 2021.
– Personnel: 105 (Pitchbook)
– SEMrush reports 1,000 visits from 1,000 unique users to the website in October 2021. – There are 432 articles (Crunchbase)
LinkedIn social: 2,500 followers (124 employees)
Twitter has 300 users.
44 subscribers and 18,000 views on YouTube
TrustPilot: 0 testimonials
Jack Kudale, Prab Reddy, Rajeev Gupta, and Trent Cooksley are the founders.
11. Simply Business
FAB rating: 63
London, UK
Established: 2005
Acquired by Travelers for $490 million in 2017
Traction:
– Born: Unknown (Crunchbase)
– 800 employees (Pitchbook)
– Website visitors (October 2021): 550,000 to the.com domain and 780,000 to the.uk domain (SimilarWeb)
– 34 articles in total (Crunchbase)
Linkedin social media: 11,400 followers (744 employees)
Twitter has 31,000 users.
YouTube: 3,500 followers, 3,3 million views
4.200 Instagram followers
4.1 on TrustPilot (1,400 reviews)
Brad Liebmann, Chris Slater, Deno Fischer, Jim Nelson, and Ralph Arnold are the founders.
12. Cake Insurance
FAB rating: 4
HQ: Denver, CO
Created in 2017
Pinnacol Assurance Traction subsidiary:
– Employees: 32 – Awarded: $10.1 million (Crunchbase), plus $100 million in 2021 (Pitchbook)
SEMrush reports that 4,400 unique users visited the website in October 2021. There are no articles on the site (Crunchbase) This is another digital online insurance providers.
Social following on LinkedIn: 610 (7 employees)
Twitter has 120 users.
YouTube: 15 subscribers, 1.2 million views
130 followers on Instagram
TrustPilot: 0 testimonials
Entrepreneur: Robert Norris
13. Stable Insurance
FAB rating: 3.
HQ: NYC
Created in 2018
Traction:
– Born: Unknown (Crunchbase)
– 5 employees (Pitchbook)
– 1,100 unique visitors made 1,100 visits to the website in October 2021. (SEMrush) This is another digital online insurance providers.
– There are 8 articles (Crunchbase)
Linkedin social media: 350 followers (11 employees)
Twitter has 83 users.
TrustPilot: 0 testimonials
Founders: Stephen Dekker and Douglas Ver Mulm
14. Layr
FAB rating of 3
HQ: Atlanta, Georgia
Created in 2016
Traction:
– Funded at $5.9 (AngelList)
– 24 employees (Pitchbook)
– 3,700 unique users made 6,900 visits to the website in October 2021. (SEMrush) This is another digital online insurance providers.
– There are 91 articles (Crunchbase)
Social following on LinkedIn: 900 (23 employees)
Twitter has 250 users.
53,000 views and 9 followers on YouTube
81 followers on Instagram
TrustPilot: 0 testimonials
Founders: Phillip Naples and Andrew Egenes
15. BizInsure
FAB rating: 1
Office: SF Bay Area (Oakland)
Created in 2012
Raised $6.6 million (according to Crunchbase), including $100 million in 2021. (Linkedin)
Website traffic in October 2021 was 6,300 visits from 5,700 unique visitors (SEMrush). There were 3 articles (Crunchbase). This is another digital online insurance providers.
Social following on LinkedIn: 550 (8 employees)
Twitter has 140 users.
18,000 views and 3 subscribers on YouTube
TrustPilot: 0 testimonials
Initiator: Greg Morris.
