Insurify is an Insurance company that uses machine learning to develop its models. They use this technology to help them predict when someone is at risk of having an accident. Their growth year-over-year has increased by 2.5x.
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Insurify is a machine learning (ML) based startup that uses artificial intelligence to help customers find and buy insurance. Insurify works by analyzing billions of data points to provide you with personalized quotes for a range of insurance companies. It also uses that information to improve the customer’s insurance buying experience. The company claims it can save an average customer $512 a year on car insurance.
To date, Insurify has raised a total of $130 million from investors, including Azevedo Tech, Motive Partners, and Moneta VC. This funding will enable the company to build its technology and expand its operations.
Insurify plans to use this funding to strengthen its brand awareness, expand its product portfolio, and increase its hiring efforts. By expanding its product suite and direct quoting integrations across all insurance verticals, Insurify will deepen its relationships with customers and drive growth.
Auto
Insurify is a fully licensed insurance agent that allows users to compare quotes and buy plans on a mobile device. The company uses machine learning algorithms to analyze billions of data points and provide customers with the best possible insurance policies. For instance, Insurify’s app will never call you on the phone without your explicit permission. It will also help improve your bottom line as its technology could save you money over time.
Insurify is one of the best reviewed virtual insurance agents on the internet. The company boasts a number of accolades such as a five-star rating from the Better Business Bureau. It has garnered a following among consumers by providing a well-designed experience aimed at educating consumers about their insurance options and offering them a few insurance-related tips and tricks along the way. With a recent round of funding, the company is poised to expand its operations, expand its customer base, and launch several new products and services.
Life
Insurify is an insurance comparison platform that uses machine learning (ML) to provide customers with customized quotes. It works by analyzing data from more than 1,000 insurance companies and using that information to help customers find the best rates. This technology also allows customers to save up to 30% on their car insurance.
Since 2013, Insurify has grown to become America’s largest virtual insurance agent. The company employs a team of 70 people and has a headquarters in Boston. To date, it has raised a total of $128 million from investors. Some of its recent investors include Nationwide Insurance, IDG Ventures, and MassMutual Ventures.
Insurify is a tech startup that uses machine learning to analyze customer driving history, credit profile, and vehicle data to help consumers buy insurance. By taking a cut of a customer’s savings, the company makes money. However, it does not sell its user data. Instead, it is committed to providing customers with a personalized, hassle-free, and transparent insurance buying experience.
Growth year-over-year by 2.5x
Insurify, the maker of the AI powered insurance buying platform, has recently scored a $100 million Series B round led by Motive Partners. According to the company, the $100 million will be used to increase operations and fund future growth initiatives. This is a significant boost, especially with the company’s burgeoning client list, which includes Toyota Insurance Management Solutions and Nationwide. As one of the highest rated virtual insurance agents in America, the company is looking to further cement its position as a leading provider of online insurance solutions to small and midsize businesses. It also announced plans to expand its footprint to Sofia, Bulgaria.
According to the company’s press release, the $100 million will be allocated to the growing organization to expand its offerings and expand into new markets, among other things. The investment will be used to increase sales, enhance marketing efforts, and recruit and retain top talent.
Machine learning technology
Insurify is a machine learning-powered insurance comparison platform that integrates with more than 100 carriers. Its platform allows consumers to compare home, life, auto and other insurance policies. To do so, users answer a few questions, and then scroll through personalized quotes and purchase an insurance plan through the app.
Insurify has raised more than $128 million to date. It’s now planning to use its new funds to expand its product offerings and reach into new markets. The company is backed by investors such as Azevedo Tech and Motive Partners. These investors are familiar with the insurtech space, and have made successful investments in other companies in the industry. Founded in 2013, Insurify is a virtual insurance agent that helps consumers find the best policy for their needs.
