Briza
Briza provides a unified API that connects insurance distributors to multiple carriers, enabling them to offer a wide range of commercial insurance products without the complexity of individual carrier integrations. This technology reduces integration costs and accelerates the time to market, allowing developers to create efficient online marketplaces for small business insurance.
- Developer Tools
- Enterprise Software
- Financial Technology
- Software Only
Funding
Raised to date
$26.1MRaised 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.
$11M across 2 disclosed rounds
5SANIGLB+3$8M · Series A
Announced Feb 2021
Disclosed cumulative: $11M
Reported total $26.1M
Incomplete round history. $15.1M of the $26.1M reported total isn’t matched to a known round.
Founders
Founder details are not available yet.
Product
Problem
Insurance distributors struggle to offer a comprehensive range of commercial insurance products online due to the complexities and costs associated with integrating multiple individual carrier APIs. This fragmentation limits their ability to meet diverse customer needs and hinders the development of efficient online marketplaces.
Solution
Briza provides a unified API that aggregates multiple commercial insurance carriers, enabling distributors and platforms to offer a wide selection of products through a single integration. This approach significantly reduces integration costs, accelerates time to market, and simplifies the process of building online insurance marketplaces. By abstracting away the complexities of individual carrier APIs, Briza allows developers to focus on creating streamlined user experiences and expanding their product offerings. The platform supports various lines of coverage, including Business Owner’s Policy, Workers Comp, General Liability, and more, servicing both admitted and surplus lines.
Target Audience
Briza's primary customers are software developers at insurance distributors and platforms seeking to build or enhance online marketplaces for commercial insurance.
Features
- Single API endpoint for accessing multiple commercial insurance carriers
- Streamlined quote generation and binding process
- Support for dynamic questionnaires and bespoke underwriting questions
- Open-source UI components (e.g., Briza Air) for simplified user interface development
- Secure payment unification tools (e.g., Briza Collect)
- Comprehensive documentation and sandbox access for developers
- 24/7 North American developer support and dedicated technical project managers