Currently, the commercial insurance industry is still largely driven by a legacy broker model. Embroker has set out to change this by simplifying the entire insurance process for employee health insurance. Launched in 2016, Embroker has brought some real innovation to the commercial insurance space through the ability to upload an entire policy base in order to assess whether they are accurately covered for their business, compare and buy new coverage across more than 25 leading commercial carriers, as well as file and manage claims all in the same place.
The startup brings a well thought and designed product that solves many inefficiencies in the market. And while highly digitized, Embroker also empowers its customers to receive advice from licensed insurance experts and risk managers through phone, text, video, or chat.
Matt Miller, founder and CEO of Embroker recently stated that“By automating manual processes and making costs and value transparent, we are saving companies time and money and making sure they end up with the coverage they need to match their actual risk. Insurance can be one of the biggest costs a business faces, so getting the right insurance coverage at the right price can have a huge impact on profitability.”