QuoteWell, a tech-enabled industrial insurance coverage wholesale brokerage that’s on the forefront of innovating the distribution aspect of insurance coverage, introduced the launch of its brokerage operations to serve unbiased retail brokers. QuoteWell helps brokers who are sometimes missed and given poor customer support because of low premiums related to their accounts and supplies best-in-class in-house brokers to effectively discover and place the danger.
Within the lead-up to its public launch, QuoteWell, based in 2021, has secured over $15 million in Collection A funding led by New Enterprise Associates, Inc. (NEA). Goldcrest and Floating Level additionally participated within the spherical. The brand new capital might be used in direction of increasing the corporate’s brokerage group and enhancing the infrastructure that underpins automation and operational efficiencies.
QuoteWell leverages a semi-automated strategy to servicing its clients by combining human capital and know-how. So far, the corporate has employed 12 licensed brokers to assist submission move and makes use of AI-backed fashions to help in protection suggestions from its panel of over 45 provider companions. Consequently, QuoteWell’s brokers can suggest protection rapidly and reply to brokers in lower than two hours.
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