Tech

Pie Insurance, which offers employee compensation insurance to small businesses, received a $ 118 million investment

Offering Employee Compensation Insurance to Small Businesses Cake insurance, The investment arm of Allianz Allianz X with Acrew CapitalSeries C investment tour led by 118 million dollars Investment received. Tura, current investors Greycroft, SVB Capital, SiriusPoint, Elefund Y Moxley Holdings also participated.

Pie Insurance was launched to enhance the insurance experience for small business owners by offering coverage directly on their website and through independent insurance agents. Founded by Dax Craig and John Swigart, in 2017 Pie Insurance, based in Washington DC, operates as an insurance company providing workers’ compensation insurance to small businesses through online expertise. In doing so, you benefit from data analysis, easy-to-use online features, and a team of insurance professionals.

As a technology-focused workers’ compensation insurance company, Pie Insurance uses comprehensive, high-quality data sets to segment and price small business policies. The platform accurately assesses risks and transfers savings to small business owners. To date, Pie Insurance has partnered with retail and wholesale agents, as well as small business clients in Washington DC, to distribute workers’ compensation insurance, its first product offering.

Pie Insurance clients are small businesses, including craftsmen, contractors, landscapers, cleaners, auto shops, and restaurants. The platform sells its insurance directly through its website and also primarily through thousands of independent insurance agents.

Last year Increase the number of employees from 140 to 260 and partner with more than 1,000 agencies nationwide. The company says it will use the investment to develop its services for continued growth and expansion of its offering to small business owners, and for strategic initiatives to establish and acquire licensed insurance companies.

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