About Modgic
Modgic is a Financial Services company based in Solana Beach (United States) founded in 2011, and was acquired by Zywave in May 2021. Software suite for insurance industry. Its chief executive, as recorded, is Scott Knowles. Modgic offers products and services including Employee Benefits Sales Cloud, Client Cloud, Content Cloud, Analytics Cloud, and Commercial Lines Sales Cloud. Its focus areas include FinTech, Insurance IT, Insurance Policy Solutions and Insurance Software Suite. Its competitors include ReSource Pro, Socotra and EIS Group; 3 of its 3 listed competitors have raised funding.
Company details
Modgic was founded in 2011 and is headquartered in Solana Beach, United States. A SaaS-based software suite is provided for the insurance sector, with solutions encompassing sales and distribution, underwriting analysis, quoting and binding, reporting, mod calculators, and customer management. Operations focus on streamlining insurance processes through these integrated tools.
- Headquarters Solana Beach, United States
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website modgic.com
- Social LinkedIn
- Acquired by Zywave (May 2021)
Products & Services of Modgic
Modgic offers a comprehensive portfolio of products and services, including Employee Benefits Sales Cloud, Client Cloud, Content Cloud, Analytics Cloud, and Commercial Lines Sales Cloud.
Streamlines benefits workflows from prospecting to renewals for agencies
Provides tools for client service and resource management in insurance
Delivers educational content for employee benefits and risk engagement
Offers analysis for medical plans and claims to drive value
Manages P&C workflows for prospecting and renewals in agencies
Investors in Modgic
Modgic has secured backing from 1 investor. Prominent investors backing the company include Zywave.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cloud-based agency management solutions are provided for the insurance industry. | 1995 | zywave.com | Milwaukee, United States |
Investor details for Modgic
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People of Modgic
1 people are tracked at Modgic (1 in leadership).
| Name | Role | Group |
|---|---|---|
Scott Knowles | CEO | Leadership |
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Timeline of Modgic
2 dated milestones of Modgic across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Modgic is founded.
- Exit Acquired by Zywave.
Competitors of Modgic
Modgic has 3 listed competitors in our database, 3 of them funded. They include ReSource Pro, Socotra and EIS Group.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| resourcepro.com | 2003 | New York, United States | $87.37M | 3,180 | Insurance policy and claim management solutions for the insurance industry | |
| socotra.com | 2014 | San Francisco, United States | $85.09M | 37 | Cloud-based solutions for insurance policy management and underwriting are offered. | |
| eisgroup.com | 2008 | San Francisco, United States | $162.45M | Cloud-based policy management and underwriting solutions for insurance are provided. |
Detailed competitors of Modgic
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Top companies in Insurance Technology & Support Services
3 companies that operate in the same segment as Modgic (Insurance Technology & Support Services) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based platform for property and casualty insurance is provided. | 2001 | San Mateo, California, United States | USD 1.48 B | 226 | ||
Claims administration, loss adjusting, and benefits management services are provided. | 1969 | Memphis, Tennessee, United States | USD 2.63 M | |||
Online property and casualty insurance is provided for businesses. | 2017 | San Francisco, California, United States | USD 800 M | 699 |
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Related news about Modgic
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Frequently Asked Questions about Modgic
Modgic was founded in 2011.
Modgic is headquartered in Solana Beach, United States. It is registered at Solana Beach, California, United States.
Scott Knowles is the CEO of Modgic, as recorded in our data.
Modgic was founded in 2011 and is headquartered in Solana Beach, United States. A SaaS-based software suite is provided for the insurance sector, with solutions encompassing sales and distribution, underwriting analysis, quoting and binding, reporting, mod calculators, and customer management. Operations focus on streamlining insurance processes through these integrated tools.
Modgic's top competitors include Socotra, ReSource Pro and EIS Group.
Modgic offers Employee Benefits Sales Cloud, Client Cloud, Content Cloud, Analytics Cloud, and Commercial Lines Sales Cloud.
Modgic has 1 investor. Key investors include Zywave.
Yes. Modgic was acquired by Zywave in May 2021.