Insureon
Founded Year
2011Stage
Acquired | AcquiredTotal Raised
$34.5MAbout Insureon
Insureon is an online marketplace for small business insurance. On March 1st, 2022, Insureon was acquired by Hub International and Bold Penguin. The terms of the transaction were not disclosed.
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Insureon's Products & Differentiators
small business insurance policies
Insureon has delivered more than 1 million insurance policies for 350,000+ small businesses. Policies include everything from general liability coverage to cyber security insurance. Customers include IT consultants and software developers to construction contractors and cleaning services, making Insureon the number one independent digital agency for small business insurance.
Research containing Insureon
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CB Insights Intelligence Analysts have mentioned Insureon in 1 CB Insights research brief, most recently on Mar 2, 2021.
Expert Collections containing Insureon
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Insureon is included in 3 Expert Collections, including SMB Fintech.
SMB Fintech
1,584 items
Insurtech
4,001 items
Companies and startups that use of technology to improve core and ancillary insurance operations. Companies in this collection are creating new product architectures, improving underwriting models, accelerating claims and creating a better customer experience
Fintech
7,942 items
US-based companies
Latest Insureon News
Dec 13, 2022
The Hanover has launched the Small Business Digital Exchange Gateway for its agents. The gateway is a collection of insurtech platforms for connected agents to the insurer, including IVANS Distribution Platform, Applied Epic Quotes, Tarmika, Semsee, Vertafore, Insureon and Verisk. Agents looking to place business owner's, workers' compensation and management liability policies in many of the company's commercial lines states will be able to use the gateway, it says. "This new capability complements our existing TAP Sales system, which provides direct access to The Hanover's small commercial, marine, and professional and management liability products. Agents now have a choice to either access The Hanover directly through TAP Sales, or utilize the new Small Business Gateway, offering great flexibility and ease of use," says Richard Lavey, president, Hanover Agency Markets, in a statement. A sign on the office building of New York Life Insurance Company in New York City. Photographer: Mario Tama/Getty Images Mario Tama/Photographer: Mario Tama/Getty I New York Life has partnered with the insurtech Human API on electronic health records. The company says the partnership will allow it to retrieve "consumer mediated electronic health records (EHRs) in the form of normalized digital health data," with the goal of reducing friction in the application process.
Insureon Frequently Asked Questions (FAQ)
When was Insureon founded?
Insureon was founded in 2011.
Where is Insureon's headquarters?
Insureon's headquarters is located at 203 N. LaSalle, Chicago.
What is Insureon's latest funding round?
Insureon's latest funding round is Acquired.
How much did Insureon raise?
Insureon raised a total of $34.5M.
Who are the investors of Insureon?
Investors of Insureon include Hub International, Bold Penguin, Paycheck Protection Program, Accretive and Oak HC/FT Partners.
Who are Insureon's competitors?
Competitors of Insureon include Next Insurance and 4 more.
What products does Insureon offer?
Insureon's products include small business insurance policies.
Compare Insureon to Competitors
Thimble provides flexible small business liability insurance coverage by the hour, day, week, month or up to a year.
Vouch Insurance offers startups with the technology, advice, and risk-mitigating tools they need to thrive. The company offers an insurance product that integrates with business tools.
Corvus Insurance is a provider of digital insurance solutions. The company offers insurance software applications for commercial insurance brokers and buyers. Corvus Insurance offers insurance products in the US, Middle East, Europe, Canada, and Australia. The company was founded in 2016 and is based in Boston, Massachusetts.
Cover Genius offers a 'full-stack' insurance distribution platform for mobility, retail, travel, and shared-economy partners. The company's technologies include XCover, a distribution platform providing coverage for any line of insurance in any country, language, and currency, and XClaims, an API for instant payment of approved claims, handling tens of thousands of instant claim payments in several currencies via a variety of payment methods.
Helvengo provides insurance services for SMEs and entrepreneurs.
Counterpart is a management liability insurance that fosters deeper partnerships between brokers and insureds.
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