PerfectQuote provides a dynamic quoting platform designed specifically for benefit brokers and General Agents managing group health insurance. This agency software streamlines the process of shopping, comparing, and renewing plans across any carrier, significantly reducing manual data entry and processing time. The platform helps users increase sales capacity, minimize errors, and improve client retention by accelerating the entire benefits sales cycle.
Funding
$1.7M 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
Benefit brokers and general agents face significant inefficiencies in the group benefits quoting process, leading to increased manual data entry and extended sales cycles. This manual effort contributes to errors, delays in renewals, and a reduced capacity to manage client portfolios effectively.
Solution
PerfectQuote provides a dynamic group benefits quoting platform designed to automate and streamline the health insurance sales and renewal process for benefit brokers and GAs. The platform's core functionality centers around its proprietary "Proposal Reader" technology, which extracts data directly from over 200 carrier files, eliminating manual data entry. This enables users to quickly shop, compare, and curate plan options across various product lines, including medical, dental, vision, and voluntary benefits, for groups of all sizes. By reducing data entry by up to 75% and quoting time by 4-6 hours per client, PerfectQuote empowers agencies to increase their capacity, improve accuracy, and accelerate revenue generation.
Target Audience
The primary target audience includes benefit brokers and general agents (GAs) who manage group health insurance sales and renewals for small and large employer groups.
Features
- Proprietary "Proposal Reader" technology for automated data extraction from 200+ carrier proposal files and SBCs.
- Direct quoting capabilities for small group medical options across all 50 states.
- Support for a comprehensive range of benefits including medical (ACA/metallic, alt-funded, large group/underwritten), dental, vision, basic life, voluntary life, short-term disability, and long-term disability.
- Contribution modeling and customized spreadsheet presentation generation.
- Digital sales and renewal workflows to accelerate client engagement.
- Integrations with third-party platforms such as BenefitPoint, Employee Navigator, and planned integration with Ease.
- Cloud-based architecture leveraging AWS, adhering to OWASP Top 10 practices, with regular penetration testing and SSAE 18 SOC 2 Type 2 compliance.
- Multi-factor authentication and optional workplace data management security services.