While insurance may be amongst the oldest industries still thriving around the world, the ways in which people go about attaining and maintaining their policies has changed dramatically. Years ago, unclear legal language, long application processes and even longer waiting periods for policy approval posed significant challenges and uneasiness for those who depended on insurance at a moment’s notice. Today all of that has changed.
From software developers creating new ways to manage policies to insurance providers rewriting the rules for the modern world, these are the insurtech companies eliminating boundaries to coverage in San Francisco.
San Francisco Insurtech Companies
- Metromile
- Ethos
- CyberCube
- Embroker
- Glow
- Huckleberry
Founded: 2016
Insurance type: Life
What they do: Ethos Life offers a streamlined approach to acquiring a life insurance policy. Policies can be applied for and approved in just minutes through an online application process, with a variety of coverage options available to ensure families have all of their bases covered.
Founded: 2015
Insurance type: Business
What they do: Embroker offers a singular platform that can handle all insurance needs for any business, including the ability to buy coverages, customize and integrate benefits, send certificates of insurance, track claims and more. Services through Embroker cover a variety of insurance touch points from general liability to commercial crime, giving business owners the peace of mind that comes with being covered in any situation.
Founded: 2011
Insurance type: Vehicle
What they do: Metromile is offering affordable car insurance to drivers who don’t rely on their vehicles as a daily source of transportation by providing a simple pay-per-mile method. Users of Metromile are insured for collision, comprehensive damage and additional needs such as glass repair and roadside assistance.
Founded: 2015
Insurance Type: Property
What they do: Hippo Insurance offers home insurance coverage using modern tools to lower rates and automate painstaking processes. The company uses smart home devices to constantly measure and alert homeowners to changes around the house, so small issues (like a leaky faucet) don’t turn into larger problems (like a flooded basement). The company’s policy covers everything from computers and electronics to service lines and water backup.
Founded: 2017
Insurance type: Business
What they do: BeemaBroker is looking out for the millions of millennials ready to start a business and embed themselves deeper within their communities. The company’s app keeps insurance information accessible to business owners at a moment’s notice, and BeemaBroker’s insurance partners are chosen with startup founders, solopreneurs and small business owners in mind.
Founded: 2015
Insurance type: Business
What they do: Bunker helps businesses become insurance compliant without wasting precious time that could be spent developing news ideas, offering policies tailored around specific coverages needs. Custom term lengths and exclusive products through specialized insurance carriers are available through Bunker’s fixed-rate monthly plans, giving the right level of coverage to businesses of all sizes
Founded: 2017
Industry: Cybersecurity
What they do: An overwhelming number of Americans rely on the insurance industry in times of need, so CyberCube protects the companies who protect them. CyberCube provides data-driven cyber analytics designed to help insurance companies pinpoint and mitigate risks and vulnerabilities, allowing information to be processed more efficiently in the present and better practices to be instilled for the future.
Founded: 2016
Insurance type: Home
What they do: The founders of Delos Insurance Solutions have over 30 years of experience helping homeowners find the proper insurance — regardless of their home's location. Based in San Francisco, Delos is well-versed in helping homeowners in areas with an abundance of wildfires attain coverage. The company uses a mixture of emerging tech and various data sources to accurately assess risk and produce a realistic estimate of cost.
Founded: 2018
Insurance type: Workers’ compensation
What they do: Glow reinforces the idea that people should be covered in the event of an accident, regardless of where that accident occurs. The company offers a worker’s compensation framework that protects team members even when not on the job, providing coverage for out of pocket expenses, income loss, disability and accidental death.
Founded: 2017
Insurance type: Business
What they do: Huckleberry is amongst the most efficient ways for small businesses and storefronts to acquire insurance that keeps themselves, their business and their employees thriving, all available online with little time investment. The company’s two pillar coverages include a workers’ compensation policy and a business owner’s policy, featuring property, business interruption and general liability coverage, with optional coverages available as well.
Founded: 2017
Insurance type: Life
What they do: LeapLife designed its product to make the insurance purchasing experience simpler and more efficient to users, partnering with insurance providers to design a survey that streamlines the process towards discovering the perfect policy fit. The LeapLife process is designed to be completed in a period of only minutes, with resources available on the company’s website to ensure users receive all of the coverage they desire.
Founded: 2013
Industry: Healthcare
What they do: Sensely offers an intuitive product that allows insurers, employers and pharmaceutical companies to stay in communication with patients, while providing patients with powerful tools that automate tasks like booking appointments and requesting prescription refills. Cutting-edge AI technology allows companies to customize user interactions through the use of character personas and natural language processing, with options for companies to add custom content to the app as well.
Founded: 2015
Insurance type: Home
What they do: While many home insurance providers focus only on the home itself and the property it sits on, Super is more concerned with keeping your humble abode operating smoothly. Super users pay a monthly or annual subscription to keep maintenance expenses fixed, and they can then easily schedule any repairs to covered appliances or infrastructural needs via Super's app.
Founded: 2018
Insurance type: Business
What they do: TrustLayer uses an automated approach to verification to go about eliminating the costly consequences of working with partners who hold unchecked, often fraudulent insurance policies. The TrustLayer platform offers an efficient and safe way to send and verify insurance certificates, establish an audit-trail and create new compliance goals, simultaneously connecting all stakeholders in the insurance life cycle.
