Nationwide Insurance Company of America is based in Columbus, Ohio, and provides a wide range of insurance products, including automobile, liability, and workers' compensation coverage. Established in 1960, it operates as a subsidiary of Allied Insurance. The company has evolved from a mutual auto insurer into one of the largest insurance and financial services organizations in the United States, boasting over $158 billion in statutory assets. In addition to traditional insurance offerings, Nationwide Ventures, LLC, the company's financial investment arm founded in 2016, focuses on investing in startups across various sectors such as fintech and insurtech. Nationwide Ventures aims to enhance customer experiences by exploring innovative solutions and technologies. Overall, Nationwide Insurance Company of America plays a significant role in the insurance industry while actively seeking to adapt to changing market dynamics through strategic investments and new technology initiatives.
Socotra, Inc. is a technology company that offers a cloud-based platform designed specifically for the insurance industry. Founded in 2014 and headquartered in San Francisco, California, Socotra provides a comprehensive software solution that includes policy administration, underwriting, claims management, billing, and reporting functionalities. The platform supports various insurance sectors, including property and casualty as well as life insurance. Built using modern technologies, Socotra’s platform is designed to be transparent, reliable, flexible, and secure, enabling insurance carriers and managing general agents to quickly develop and distribute products that meet customer needs. Its open APIs and product-agnostic data model facilitate the management of the entire policy lifecycle, promoting innovation within the insurance sector by enhancing speed, agility, and efficiency while reducing maintenance costs.
Insurify, Inc. is an online platform based in Cambridge, Massachusetts, that specializes in car insurance shopping. Founded in 2013, the company utilizes artificial intelligence and natural language processing to offer personalized insurance recommendations. Its software enables users to compare quotes for car, home, and life insurance seamlessly, providing access to various discounts and payment options from different insurance providers. Insurify aims to simplify the insurance shopping experience, making it more affordable and hassle-free for its customers.
Certificial is a real-time intelligent insurance verification platform, designed to simplify the Supplier management process by providing businesses with instant access to their Supplier’s insurance coverage and automatic updates when changes to their coverage occurs. The Certificial API integrates directly with brokers’ APIs as well as AMS providers, offering a seamless experience and accessibility for large and small Agents and Brokers alike with no associated costs to Insurers.
Extend, Inc. is a San Francisco-based company that offers extended warranties and protection plans for a wide range of consumer products, including electronics, appliances, furniture, jewelry, fitness equipment, and automotive parts. Founded in 2018, Extend provides an innovative platform that allows merchants to seamlessly integrate warranty offerings into their sales processes, both online and offline. Utilizing an API-first approach, the platform enhances the customer experience by streamlining warranty management and claims processing, thereby addressing common issues associated with traditional underwriters. Extend's intelligent decision engine employs machine learning to optimize warranty offers in real-time, improving conversion rates and maximizing revenue for merchants. The platform is compatible with major eCommerce solutions, allowing for quick implementation with minimal technical requirements and offering custom integrations for larger merchants.
Beam Technologies Inc. is a dental benefits company that focuses on integrating technology with oral hygiene. Founded in 2012 and based in Columbus, Ohio, the company has developed the Beam Brush, a wirelessly connected toothbrush that tracks users' brushing habits through a smartphone app. This data is utilized to inform insurance plan pricing, allowing individuals to potentially lower their premiums based on their dental hygiene practices. In addition to the smart toothbrush, Beam offers dental insurance plans that include benefits such as floss, toothpaste, and the Beam Brush itself. The company also provides a biannual subscription service that includes an electric toothbrush, replacement heads, toothpaste, and floss, simplifying access to dental care through a nationwide network of dentists.
Planck Resolution LTD develops artificial intelligence-based software that provides insurance companies with data analytics for risk assessment and policy customization. Founded in 2016 and headquartered in Tel Aviv-Yafo, Israel, with an additional office in New York, the company offers a commercial lines data platform and an underwriters data dashboard. These tools aggregate extensive datasets and utilize AI to deliver key insights tailored to the commercial underwriting process. By automating data collection and analysis, Planck enhances the efficiency of underwriting, reduces errors, and helps insurers gain better visibility into risk factors. This leads to improved business conversion rates and lower loss ratios. Additionally, Planck has created an AI-driven web game called Slippery Floor.
Insurify, Inc. is an online platform based in Cambridge, Massachusetts, that specializes in car insurance shopping. Founded in 2013, the company utilizes artificial intelligence and natural language processing to offer personalized insurance recommendations. Its software enables users to compare quotes for car, home, and life insurance seamlessly, providing access to various discounts and payment options from different insurance providers. Insurify aims to simplify the insurance shopping experience, making it more affordable and hassle-free for its customers.
Snapsheet is a leader in virtual appraisals and cloud-native claims management software, focusing on transforming the end-to-end claims process through digitization and intelligent automation. The company's software facilitates various stages of claims management, including electronic intake of first notice of loss (FNOL), data investigation, technology-assisted investigation, claims assessment, and digital payment processing for settlements. By offering unmatched technology and processes, Snapsheet enhances customer experience and promotes organizational agility. It has established itself as an industry innovator, deploying one of the fastest digital auto insurance claims processes in the United States. Serving over 100 clients, including major insurance carriers and insurtech firms, Snapsheet is recognized as a trusted partner in claims innovation.
Socotra, Inc. is a technology company that offers a cloud-based platform designed specifically for the insurance industry. Founded in 2014 and headquartered in San Francisco, California, Socotra provides a comprehensive software solution that includes policy administration, underwriting, claims management, billing, and reporting functionalities. The platform supports various insurance sectors, including property and casualty as well as life insurance. Built using modern technologies, Socotra’s platform is designed to be transparent, reliable, flexible, and secure, enabling insurance carriers and managing general agents to quickly develop and distribute products that meet customer needs. Its open APIs and product-agnostic data model facilitate the management of the entire policy lifecycle, promoting innovation within the insurance sector by enhancing speed, agility, and efficiency while reducing maintenance costs.
E-Risk Services, LLC is an underwriting management facility based in Flanders, New Jersey, that specializes in management and professional lines of insurance. Founded in 1998, the company provides a range of products, including management liability coverage for privately held and non-profit organizations, employment practices liability, fiduciary liability, commercial crime coverage, and cyber and technology liability. E-Risk Services operates through a dedicated network of wholesale brokers, offering clients comprehensive insurance solutions designed for versatility and security. Additionally, the company features an online rating system that allows brokers to obtain instant indications of terms for its products. As of January 1, 2019, E-Risk Services operates as a subsidiary of Nationwide Mutual Insurance Company.
Next Insurance Inc. is an online insurance agency focused on providing tailored insurance products and services to small businesses. Founded in 2015 and headquartered in Palo Alto, California, the company offers a range of insurance options, including business, general liability, professional liability, commercial auto, and workers’ compensation coverage. Next Insurance serves a diverse clientele, including contractors, fitness professionals, cleaning services, beauty establishments, therapists, educators, and various other sectors. The company leverages technology to streamline the insurance purchasing process, eliminating the need for agents and reducing costs, thereby offering affordable pricing. Additionally, Next Insurance emphasizes quick claims processing, often making decisions within 48 hours to enhance transparency and support for its clients.
Matic Insurance Services, Inc. is a digital insurance agency that provides tailored insurance solutions for consumers, originators, and insurance servicers. Established in 2014 and headquartered in Columbus, Ohio, with additional offices in Los Angeles, San Francisco, and Lviv, Ukraine, the company partners with various insurance carriers to offer a range of policies. This independent approach enables Matic to deliver optimal recommendations, ensuring clients receive both competitive pricing and suitable coverage options.
Sure Inc. is a San Diego-based company that specializes in providing a mobile application for purchasing various types of insurance coverage, including luggage, smartphones, personal property, and liability insurance. Founded in 2014, the company partners with multiple insurance providers to offer a range of solutions tailored to consumer needs. Sure's platform facilitates the purchase and management of insurance policies, making it convenient for users to obtain coverage when and where they need it. The company focuses on streamlining the insurance process through digital transformation and offers features that support the entire insurance lifecycle, catering to both consumers and businesses.
Next Insurance Inc. is an online insurance agency focused on providing tailored insurance products and services to small businesses. Founded in 2015 and headquartered in Palo Alto, California, the company offers a range of insurance options, including business, general liability, professional liability, commercial auto, and workers’ compensation coverage. Next Insurance serves a diverse clientele, including contractors, fitness professionals, cleaning services, beauty establishments, therapists, educators, and various other sectors. The company leverages technology to streamline the insurance purchasing process, eliminating the need for agents and reducing costs, thereby offering affordable pricing. Additionally, Next Insurance emphasizes quick claims processing, often making decisions within 48 hours to enhance transparency and support for its clients.
Insurify, Inc. is an online platform based in Cambridge, Massachusetts, that specializes in car insurance shopping. Founded in 2013, the company utilizes artificial intelligence and natural language processing to offer personalized insurance recommendations. Its software enables users to compare quotes for car, home, and life insurance seamlessly, providing access to various discounts and payment options from different insurance providers. Insurify aims to simplify the insurance shopping experience, making it more affordable and hassle-free for its customers.
Jefferson National is a recognized innovator of a leading tax-advantaged investing platform for RIAs, fee-based advisors and the clients they serve. Trusted partner to a network of nearly 4,000 advisors, Jefferson National provides greater efficiency, transparency and choice through an adaptable technology platform, award-winning distribution strategy and cost-effective servicing capabilities.
Harleysville Insurance
Acquisition in 2012
Harleysville Insurance has operations in 32 states, providing a variety of insurance.
ALLIED Group
Acquisition in 1998
ALLIED Group is a regional property-casualty insurance holding company specializing in personal lines. The Company's property-casualty subsidiaries use independent agencies, exclusive agencies, and direct response marketing to offer products in central and western states.
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