The Venture Codex

Led · Equity · Feb 2020

Nsure.com operates an all-digital licensed insurance agency platform that aggregates real-time home and auto quotes from more than 30 insurers and enables end-to-end online policy purchase and renewal. The platform uses AI and other advanced technologies to auto-fill applications, compare accurate quotes side-by-side, recommend coverage, and bind policies in as little as five minutes. Nsure.com says it has a recurring revenue model driven by annual commissions, including renewals, and supports customers with a team of licensed agents. The company currently operates in Florida and plans nationwide expansion through a strategic partnership with Reliance Global Group. Management stated a goal to cover more than 80% of the U.S. population by the end of 2021 and to deploy capital toward product development, team growth, mortgage originator partnerships, and customer acquisition. Reliance will also use Nsure.com’s backend technology to support its traditional agency acquisitions and lower servicing costs.