Embroker, a modern business insurance platform designed to improve how companies of all sizes buy and manage insurance coverage, announced the public launch of its technology platform. The system allows businesses to digitize existing policies and data, analyze, compare, buy new coverages, and file and manage claims all in one place. As the first digitally-born insurance brokerage and risk manager, Embroker provides insurance solutions tailored to fit the needs of each business and has built the technology platform, resources and scale to serve a full range of commercial accounts.
“There’s a massive opportunity for well-designed modern technology products to transform the world of commercial insurance, which is unsustainably inefficient,” stated Embroker CEO and Founder Matt Miller. “By automating manual processes and making costs and value transparent, we are saving companies time and money and making sure they end up with the coverage they need to match their actual risk. Insurance can be one of the biggest costs a business faces, so getting the right insurance coverage at the right price can have a huge impact on profitability.” Embroker has already partnered with more than 25 leading commercial carriers, including seven of the ten largest, serving companies whose annual spend on premiums ranges from $5,000 to more than $500,000.