National General Insurance

National General Insurance is a specialty personal lines holding company providing a variety of insurance products. The company's insurance products include personal and commercial automobile, homeowners, umbrella, recreational vehicle, motorcycle, lender-placed, supplemental health, and other niche insurance products. It sells insurance products with a focus on underwriting profitability through a combination of its customized and predictive analytics and its technology is driven low-cost infrastructure.

Barry Karfunkel

Owner, CEO and Co-Chairman

4 past transactions

SafeAuto

Acquisition in 2021
Safe Auto Insurance Company is a property and casualty auto insurance carrier based in Columbus, Ohio. Founded in 1993, they are built on a philosophy of customer service.SafeAuto provides the right insurance for the right price for drivers in 17 states across the country so driver can enjoy the road ahead.

Verikai

Seed Round in 2018
Verikai Inc is a San Francisco-based insurance technology company that specializes in providing a consumer insights platform for insurance and financial services in the United States. Founded in 2016, Verikai employs alternative data and machine learning to enhance the understanding of individual consumer behavior. By generating detailed risk reports, the platform aims to improve underwriting efficiency, enabling insurance companies to optimize their processes. This enhanced insight assists firms in increasing new business opportunities, minimizing losses, and expanding access to a wider array of insurance products for consumers and businesses. Additionally, the platform supports fraud detection and offers insights into price elasticity, allowing companies to better target and prioritize consumers based on their potential lifetime value.

Quotit

Acquisition in 2017
Quotit Corporation specializes in providing cloud-based software solutions tailored for the health insurance and employee benefits sectors. Its platform facilitates the quoting, enrollment, and management of health insurance policies, offering a unified access point for agents and carriers. This enables users to efficiently compare and enroll in various health insurance plans while managing customer relationships and lead distribution. By streamlining these processes, Quotit aims to enhance the overall efficiency and productivity of insurance businesses, ultimately leading to improved customer satisfaction.

Direct General Insurance

Acquisition in 2016
Direct General is a provider of non-standard auto insurance, selling products via 400 storefronts, a call center and the web (www.directgeneral.com) in 13 southeastern states. In addition to auto insurance, the company sells other financial products and services including life insurance, roadside assistance, pre-paid debit cards, emergency protection and tax preparation services. Direct has over 2400 employees and over $500 million in annual revenues.
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