This startup provides a digital insurance wholesale brokerage platform that enables independent agents to access bindable quotes from multiple excess and surplus carriers within minutes. By leveraging technology to streamline the quoting process, the company enhances carrier reach and reduces operational costs for agents.
Funding
$51.4M 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
Independent insurance agents face challenges in efficiently accessing and securing bindable quotes for excess and surplus (E&S) lines, often encountering delays and complexities in the traditional wholesale brokerage process. This can lead to lost business opportunities and increased operational costs.
Solution
Pathpoint provides a digital wholesale brokerage platform designed specifically for independent agents to quickly obtain bindable quotes from multiple E&S carriers. By automating underwriting and streamlining the submission process, Pathpoint enables agents to secure coverage for non-admitted risks in minutes, with 24/7 accessibility. The platform supports various lines of business, including general liability, commercial property, commercial package, excess casualty, and cyber liability, across multiple verticals such as contractors, lessor’s risk, vacant properties, restaurants, manufacturing, and retail & services. Pathpoint's technology-driven approach reduces the time spent on quoting, improves agent productivity, and enhances their ability to serve clients with speed and efficiency. The platform also offers features like e-signing, prefilled applications, and a single supplemental form to further expedite the process.
Target Audience
Pathpoint primarily serves independent insurance agents who need efficient access to E&S markets for small commercial clients across diverse industries.
Features
- Instant, bindable quotes through automated underwriting
- 24/7 access for quoting and document management
- Streamlined processes with e-signing, prefilled applications, and PathPay
- Support for various coverage types: General Liability, Commercial Property, Commercial Package, Excess Casualty, and Cyber Liability
- Coverage across multiple verticals: Contractors, Lessor’s Risk, Vacants, Restaurants, Manufacturing, and Retail & Services
- Access to multiple E&S carriers
- Automated E-Sign & Bind feature to eliminate administrative headaches
- Self-service tools for faster placements