QuoteWell operates as a tech-enabled wholesale insurance brokerage specializing in complex and hard-to-place specialty risks. The company combines proprietary technology and expert support to streamline workflows for agents and producers seeking coverage across various industries. This approach delivers faster quotes and increased efficiency, enabling partners to expand coverage options and close more deals.
Funding
$37M 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 often face challenges in the non-admitted market, including slow response times from wholesale brokers, lack of transparency in the quoting process, and limited coverage options for hard-to-place risks. These issues can slow down agents, frustrate clients, and hinder business growth.
Solution
QuoteWell is a tech-driven wholesale insurance broker that streamlines the quoting process for independent agents seeking non-admitted insurance solutions. The platform leverages AI and a unified team approach to provide fast, transparent access to bindable quotes for specialized commercial risks. By combining automation with human expertise, QuoteWell ensures agents receive the best coverage options at competitive prices, along with real-time updates on submission status. This approach eliminates delays and miscommunication, enabling agents to better serve their clients and expand their business.
Target Audience
QuoteWell primarily serves independent insurance agents seeking efficient and transparent access to non-admitted insurance markets for their clients' hard-to-place commercial risks.
Features
- AI-powered platform for streamlined quoting of non-admitted risks
- Access to over 50 carrier partners spanning core commercial P&C lines
- Unified team approach assessing submissions across both binding and brokerage options
- Real-time email updates and 24/7 platform availability for submission tracking
- Appetite spanning specialized classes and lines of business, including construction, energy, environmental, and manufacturing
- Binding authority business in the Southwest US