About Insureon
Insureon is a company based in Chicago (United States) founded in 2011 was acquired by HUB International in March 2022.. Insureon has raised $31 million across 1 funding round from investors including HUB International, Bold Penguin and Oak HC/FT. Insureon has completed 1 acquisition, including Insurance Noodle. Insureon offers products and services including Online Insurance Application, General Liability Insurance, and Workers’ Compensation Insurance. Insureon operates in a competitive market with competitors including Next Insurance, Marble, Gabi, Covered and Cover, among others.
- Headquarter Chicago, United States
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Bin Insurance Holdings, Llc
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$31 M (USD)
in 1 rounds
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Latest Funding Round
$31 M (USD), Series C
Oct 21, 2015
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Investors
HUB International
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
HUB International
(Mar 01, 2022)
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Products & Services of Insureon
Insureon offers a comprehensive portfolio of products and services, including Online Insurance Application, General Liability Insurance, and Workers’ Compensation Insurance. 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.
Platform for getting personalized business insurance quotes online
Protects small businesses against third-party injury claims
Provides benefits for workplace injuries to employees
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Software Development Team
159 people
Leadership Team
100 people
Sales and Marketing
53 people
Senior Team
21 people
Human Resources and Administration
17 people
Operations Team
14 people
Finance and Accounting
12 people
Legal and Compliance
8 people
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Funding Insights of Insureon
Insureon has successfully raised a total of $31M through 1 strategic funding round. The most recent funding activity was a Series C round of $31 million completed in October 2015. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Series C — $31.0M
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First Round
First Round
(21 Oct 2015)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2015 | Amount | Series C - Insureon | Valuation | Oak HC/FT |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Investors in Insureon
Insureon has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include HUB International, Bold Penguin and Oak HC/FT. 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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Investments are made in early-stage healthtech and fintech startups.
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Founded Year | Domain | Location | |
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Tech focused VC firm investing in seed stage companies in the US
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Founded Year | Domain | Location | |
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Software suite is offered for commercial insurance quoting and binding.
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Founded Year | Domain | Location |
| Investor | Description | 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Insureon
Insureon has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Insurance Noodle. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Agency management and quoting platform
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2001 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Insureon
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Insureon Comparisons
Competitors of Insureon
Insureon 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 Next Insurance, Marble, Gabi, Covered and Cover, 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 |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Online small business insurance policies are provided.
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| domain | founded_year | HQ Location |
Insurance quotes are compared via a reward-based platform for individuals.
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| domain | founded_year | HQ Location |
Online comparison of property and casualty insurance quotes is facilitated.
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| domain | founded_year | HQ Location |
Insurance comparison platform for home
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| domain | founded_year | HQ Location |
Insurance quotes for P&C coverage are compared via mobile app.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Insureon
Frequently Asked Questions about Insureon
When was Insureon founded?
Insureon was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is Insureon located?
Insureon is headquartered in Chicago, United States. It is registered at Chicago, Illinois, United States.
Who is the current CEO of Insureon?
Dan Kazan is the current CEO of Insureon.
Is Insureon a funded company?
Insureon is a funded company, having raised a total of $31M across 1 funding round to date. The company's 1st funding round was a Series C of $31M, raised on Oct 21, 2015.
What does Insureon do?
Insureon was founded in 2011 and is headquartered in Chicago, United States. An online platform is operated for comparing property and casualty insurance options tailored to businesses. Quotes are provided for errors and omissions, workers compensation, commercial property, commercial auto, and cyber liability coverage. Partnerships are maintained with insurers such as Travelers, Chubb, and Liberty Mutual.
Who are the top competitors of Insureon?
Insureon's top competitors include Next Insurance, Marble and Covered.
What products or services does Insureon offer?
Insureon offers Online Insurance Application, General Liability Insurance, and Workers’ Compensation Insurance.
How many acquisitions has Insureon made?
Insureon has made 1 acquisition, including Insurance Noodle.
Who are Insureon's investors?
Insureon has 4 investors. Key investors include HUB International, Bold Penguin, Oak HC/FT, and Accretive LLC.
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