Pie Insurance provides tailored insurance solutions specifically for small businesses, utilizing data analytics to assess risk and determine pricing. This approach addresses the challenge of obtaining affordable and appropriate coverage for small enterprises, which often struggle with traditional insurance models.
Funding
$620.3M 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.
AX+1Founders
Product
Problem
Small businesses often face challenges in securing affordable and appropriate insurance coverage due to the complexities and inefficiencies of traditional insurance models. These models can be slow, require extensive paperwork, and may not accurately reflect the unique risk profiles of individual small businesses. This can result in overpaying for coverage or being underinsured.
Solution
Pie Insurance provides tailored insurance solutions for small businesses by leveraging data analytics and a streamlined online platform to assess risk and determine pricing. This approach enables Pie Insurance to offer competitive rates and customized coverage options, ensuring small businesses get the protection they need without unnecessary costs. By focusing on specific insurance products like workers' compensation and commercial auto, Pie Insurance delivers specialized expertise and efficient service. The platform offers quick online quotes, easy policy management, and claims support, simplifying the insurance process for busy small business owners.
Target Audience
Pie Insurance primarily targets small business owners seeking affordable and tailored insurance coverage, as well as insurance agents looking for a partner to efficiently serve their small business clients.
Features
- Online quote process providing estimates in as little as 3 minutes
- Data-driven risk assessment for accurate and competitive pricing
- Stand-alone commercial auto coverage, eliminating bundling requirements
- Claims managed in-house for workers' compensation and commercial auto in select states
- Partner portal and API access for insurance agents
- Digital tools for policy management and claims reporting
- A- (Excellent) rating by AM Best