Authentic provides streamlined insurance program solutions packaged for easy implementation. They simplify the process of establishing comprehensive coverage for businesses. This platform delivers ready-to-deploy insurance frameworks directly to clients.
Funding
$18.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many small businesses lack the resources and expertise to offer tailored insurance products to their customers, missing out on potential revenue streams and opportunities to enhance customer loyalty. Traditional insurance models often require complex integrations and significant upfront investment, making them inaccessible for smaller platforms.
Solution
Authentic provides a platform that enables businesses to create and manage their own captive insurance companies, allowing them to offer customized insurance products directly to their customers. By embedding a code widget into their platform, businesses can generate insurance commissions and increase customer retention with minimal integration effort. Authentic handles the complexities of captive insurance company creation and management, enabling businesses to tap into an additional insurance profit stream. The platform offers a fully branded policy funnel, allowing customers to purchase insurance within minutes, often with a "one-click" experience due to pre-filled underwriting.
Target Audience
The primary target audience is small to medium-sized businesses that want to offer tailored insurance products to their customers and generate additional revenue streams.
Features
- Captive insurance company creation and management
- Embeddable code widget for seamless integration into existing platforms
- Fully branded policy funnel for a consistent customer experience
- Pre-filled underwriting to streamline the insurance purchase process
- Recurring commission and underwriting profit opportunities