Rainbow is a digitally-enabled managing general underwriter (MGU) that designs and delivers small business insurance products with a focus on vertical specialization. Its flagship product is an admitted business owner’s policy (BOP) built specifically for the restaurant industry and distributed through independent insurance agents and digital partners. The restaurant BOP is currently live in 24 states, with planned expansion into additional states including New York in the coming months. Rainbow has developed a proprietary “continuous underwriting” in-house risk monitoring software that enables real-time portfolio assessment, improves underwriting accuracy, and aims to decrease loss ratios. The company’s platform provides agents and brokers a seamless quote-to-bind experience and rewards policyholders for prudent operational practices. Rainbow plans to accelerate expansion of its specialized underwriting approach into additional business verticals and roll out recently launched programs nationwide. Rainbow is a digitally-enabled managing general underwriter focused on creating tailored small-business insurance programs. Its flagship product is an admitted business owner’s policy (BOP) specifically tailored to the restaurant industry, currently live in eight states and expected to be available in over 25 states this year. The company distributes exclusively through independent insurance agents and digital partners, offering a specialized appetite where many name-brand carriers have pulled back. Rainbow’s engineering team has built a proprietary, scalable platform for underwriting and transacting every submitted risk, using data and technology to create an underwriting advantage and reward policyholders that demonstrate prudent operations. The approach streamlines placement for agents while emphasizing loss-performance as the company grows its book. Rainbow plans to launch additional specialized programs in other business verticals that align with its underwriting approach and vision.

Total raised

$20M

Funding rounds

2

Latest round

Series A

Latest activity

Jan 2025