About Insight Risk
Insight Risk is a company based in Westport (United States) founded in 2021 by John D Dempsey and Chad Hollingsworth was acquired by Velocity Risk Underwriters in September 2023.. Insight Risk offers products and services including Builder's Risk Insurance, RiskTech Solutions, and White Glove Service. Insight Risk operates in a competitive market with competitors including Sedgwick, Encompass, Moody's Analytics, Munich Re and Riskonnect, among others.
- Headquarter Westport, United States
- Founders John D Dempsey, Chad Hollingsworth
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Sectors
Financial ServicesTechnology
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Email
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Phone
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Website
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Social
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Annual Revenue
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Latest Funding Round
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Acquired by
Velocity Risk Underwriters
(Sep 28, 2023)
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Products & Services of Insight Risk
Insight Risk offers a comprehensive portfolio of products and services, including Builder's Risk Insurance, RiskTech Solutions, and White Glove Service. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Coverage protecting construction projects from property losses and delays.
Systems for risk control and monitoring in construction environments.
Comprehensive assistance from project start to completion for clients.
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Funding Insights of Insight Risk
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
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Investors in Insight Risk
Insight Risk has secured backing from 1 investor. Prominent investors backing the company include Velocity Risk Underwriters. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Commercial and residential property insurance against catastrophes is provided.
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Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Insight Risk
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Insight Risk
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Insight Risk Comparisons
Competitors of Insight Risk
Insight Risk operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Sedgwick, Encompass, Moody's Analytics, Munich Re and Riskonnect, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Claims administration, loss adjusting, and benefits management services are provided.
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Corporate Digital Identity and KYC solutions are provided by Encompass.
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Risk management software is supplied for insurance and various sectors.
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Platform offering insurance risk management solutions
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Cloud-based risk management solutions are offered for the insurance sector.
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Cloud-based document and risk management software is offered for enterprises.
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| Company Name | Domain | Founded year | HQ Location | Description |
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Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Insight Risk
Frequently Asked Questions about Insight Risk
When was Insight Risk founded?
Insight Risk was founded in 2021.
Where is Insight Risk located?
Insight Risk is headquartered in Westport, United States.
Who is the current CEO of Insight Risk?
John D Dempsey is the current CEO of Insight Risk. They have also founded this company.
What does Insight Risk do?
Provider of bundled Builders Risk insurance and IoT risk mitigation technology. It offers comprehensive Builders Risk insurance coverage protecting vertical construction projects from property losses and delays. This includes ground-up and renovation risks. Additionally, it provides RiskTech solutions, managing all aspects of system design, procurement, deployment, and monitoring of IoT loss prevention technology for construction projects. These solutions utilize environmental sensors and site security to provide instant alerts, optimizing costs and promoting premium and deductible benefits. The company also offers customizable site-wide risk control surveys and detailed reporting and analytics. Services are tailored to construction professionals, risk managers, brokers, and carriers.
Who are the top competitors of Insight Risk?
Insight Risk's top competitors include Sedgwick, Encompass and Shift Technology.
What products or services does Insight Risk offer?
Insight Risk offers Builder's Risk Insurance, RiskTech Solutions, and White Glove Service.
Who are Insight Risk's investors?
Insight Risk has 1 investor. Key investors include Velocity Risk Underwriters.