Business Insurance Leader Embroker Announces Key Revenue, Customer, and Leadership Milestones for 2021
Commercial insurtech surpasses
Embroker, the digital platform making it radically simple to get business insurance, today announced that it has surpassed an annual
The company’s growth represents the strength of its powerful digital business insurance platform that focuses on industry-specific coverage for the most complex and inefficient lines of insurance. Embroker applies modern data-driven underwriting models to assess risk, and create policies that better protect companies against that risk.
In addition to revenue growth, the company announced that it now serves more than 8,000 customers, spanning startups to publicly-listed multinational enterprises, and has more than doubled the size of its customer base over the last year. Embroker’s suite of digital insurance options include products like Directors and Officers (D&O), Employment Practice Liability (EPLI), Errors and Omissions (E&O), Cyber, Crime and others. Management liability products (D&O, EPLI) alone have experienced 3x growth in the past year.
Embroker is also delivering the highest level of customer satisfaction in the industry, with a Net Promoter Score (NPS) of 81. In addition to its online platform, Embroker offers in-house experts to guide customers through the process and to provide insight on risk management at key points in a company’s growth.
“Five years ago sophisticated digital business insurance didn’t exist. When Embroker was founded, we looked at the opportunity to build a better type of business insurance, thoroughly rejecting the legacy approach and instead modeling risk and designing products that cater to the needs of specific types of companies. Fast forward to 2021 and the market is wholeheartedly embracing Embroker’s intelligent digital platform, and we are delivering significant value to our growing base of customers,” said
Leadership Expansion
Accompanying the company’s growth is the continued expansion of its executive bench.
“I have joined a team that believes as I do and is taking big, bold, disruptive steps in the insurtech industry,” Acks said. “I am looking forward to joining the team and driving our insurance strategy, innovation, and expansion together.”
For more information about Embroker, visit www.embroker.com.
About Embroker
Embroker is transforming commercial insurance by making it radically simple for businesses to get the right insurance at the best price. Embroker focuses on industry-specific coverage for the most complex and inefficient lines of insurance, such as Directors and Officers, Employment Practices Liability, Cyber, and Professional Liability. Embroker uses predictive modeling powered by proprietary technology to fully automate underwriting and make the buying process simple, fast, and more affordable. Through Embroker Access, Embroker provides partner agencies and wholesalers with the capability to offer all of Embroker’s industry-leading insurance products to their customers. Founded in 2015, Embroker is headquartered in
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Source: Embroker
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