This article showcases our top picks for the best Virginia based InsurTech companies. These startups and companies are taking a variety of approaches to innovating the InsurTech industry, but are all exceptional companies well worth a follow.
We tried to pick companies across the size spectrum from cutting edge startups to established brands.
We selected these startups and companies for exceptional performance in one of these categories:
- Innovation
- Innovative ideas
- Innovative route to market
- Innovative product
- Growth
- Exceptional growth
- Exceptional growth strategy
- Management
- Societal impact
Top Virginia InsurTech Companies
Data sourced from Crunchbase and SemRush.
Fenris
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Fenris enables streamlined customer acquisition and full lifecycle optimization. Our clients (agencies, carriers, financial services providers) leverage our APIs to inject insights and data into their workflows, to increase conversions, and deliver killer Amazon-like customer journeys.
Developer-first in our approach, it’s the easy, secure way to access external data and custom algorithms that identify your best customer and ease the way. Our suite of APIs covers 95% of the US (255m adults, 130m households, 99% properties).
quality data enrichment for >240 million consumers and >30 million businesses leveraging our proprietary data and from an extensive set of providers Machine learning analytics engine that consistently hones our predictive scores to deliver more results right at the point of quote signals and scoring that streamline underwriting work flows and improve turn around time For a turnkey experience, Fenris can deploy under an insurer or agent’s brand, their very own white-labeled quoting platform. It delivers an engaging customer experience, generates behavioral data and insights, and dramatically improves completion and conversion rates to make every marketing dollar up to 5x more effective..
Manor
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Manor offers an app and insights for homeowners that help to increase the value of their assets. The app shows a step by step guide to do e-appraisal.
The company was founded in 2015 and based in Herndon, Virginia.. .
Buddy
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Buddy is an on-demand insurance for an active, outdoor lifestyle.
Xagent
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xagent provides a 50 state submission platform for you to expedite service for your commercial clients. By becoming a part of the xagent community, you are prepared to meet the changing needs of your insureds.
A March 2016 report by McKinsey & Company entitled Small commercial insurance: A bright spot in the US property-casualty market concludes: Shifting behavior of Small Business Owners towards online purchasing over the next 5 years means Agency carriers will have to innovate and agents must develop marketing and online customer-facing capabilities. xagent was built to help you do much more than simply survive the industry trend towards online sales and disintermediation.
It is your opportunity to lead the digital revolution by giving consumers the best of both worlds—an online experience backed by local expertise from you, their independent agent!. .
DriveFactor
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DriveFactor is a consolidated contractors company that offers a range of insurance telematics technology solutions. The DriveFactor platform is built on a dynamic, scalable architecture, accepting data from any input method and enabling easy sharing with business partners.
The team has built its technology and apps for insurance, and applies its expertise to help clients customize telematics solutions to meet their short- and long-term needs. It was founded in 2010 and is based in Glen Allen, Virginia, USA..
MagicQuote
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America’s digital insurance platform for the Millennial generation.
Insurance Canopy
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Canopy is a business liability insurance company, working as a hybrid of a traditional insurance brokerage and a digital insurance company.
Flexible Benefit Administrators
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Flexible Benefit Administrators, Inc. originated in 1985 and was built upon the grand vision of success by providing one of the nation’s most accomplished and dependable administration services.
Established now as a second generation family business with over 25 years of experience in benefit plan administration, their exceptional services continue to improve through increased flexibility, customizing and frequent technological advancements, implemented to provide their clients with innovation and convenience. They operate on the philosophy that promotes excellence in administration and customer service.
Their ability to meet the demand for reliable, high quality employee benefits has led us to become recognized as a national plan administration leader.. .
Syndeste
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Know Your Natural Hazard Risks – Protect Your Property
Stuffistry
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Stuffistry is an Internet-of-Things (IoT) business platform provider. Stuffistry offers OEMS, service providers, sponsors and brokers a way to build consumer-centric solutions.
Stuffistry represents a quantum leap forward because it offers consumers a way to own their connected-asset data. Stuffistry monetizes business transactions instead of data.
Consumers leverage their data to access business transactions in better terms. The underlying theory is: that by giving consumers the control of the mobility records and a mechanism to exchange their data/reputation into tangible rewards, creates a powerful incentive towards interacting with mobility assets in a responsible manner.
This in return foster asset utilization which leads to an increase of asset transactions. Stuffistry powers the RevdApp platform which focus on mobility assets.
RevdApp revolutionizes how telematics and other mobility data is managed. RevdApp coined the term Driver Passport™ to designate the mechanism that allows consumers to store and leverage their mobility records..
Hilb Rogal & Hobbs
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Hilb Rogal & Hobbs is US-based insurance brokerage firm that offers a variety of insurance products and services. Some of these includes property and casualty, employee benefits, and professional liability insurance.
Hilb Rogal and Hobbs also offers a range of personal and corporate financial products and services.. .
Summit Insurance Services
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A “Trusted Traditions and Service Beyond Expectations”
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