Coterie Insurance offers a digital platform that utilizes real-time underwriting and an API for seamless integration and policy management, enabling agents to provide instant bindable quotes for small business insurance. This approach eliminates lengthy paperwork and approval delays, allowing agents to focus on client relationships and improving efficiency in the insurance process.
Funding
$146.1M 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
Traditional small business insurance processes involve extensive paperwork, manual underwriting, and lengthy approval times, creating inefficiencies for both agents and business owners. This complexity diverts agents' time from building client relationships and delays coverage for businesses that need it quickly.
Solution
Coterie Insurance offers a digital insurance platform that streamlines the process of obtaining small business insurance. The platform leverages real-time underwriting powered by data analytics to provide instant, bindable quotes. By automating underwriting and eliminating manual data entry, Coterie enables agents to focus on client relationships and provides businesses with faster access to necessary coverage. The platform's API allows for seamless integration with existing systems, further simplifying policy management and improving overall efficiency.
Target Audience
Coterie's primary target audience includes independent insurance agents and brokers seeking to streamline their small business insurance offerings, as well as digital partners looking to integrate insurance into their platforms.
Features
- Digital, real-time underwriting for instant quotes
- API for seamless integration with existing platforms
- Automated data entry to reduce paperwork and errors
- Coverage for over 80% of small business types
- Admitted products available in all 50 states
- BOP, GL, and PL coverage options
- Support for new, small, and home-based businesses