SterlingRisk
135 Crossways Park Drive, Suite 300, Woodbury, New York, 11797, United States
Overview
At SterlingRisk, they understand that to your business, the bottom line is the bottom line. That is why they do all they can to help companies of all sizes, as well as the successful individuals who manage them, reduce the real cost of both their personal and commercial insurance. Their approach looks beyond the premium to help solve your critical risk challenges, control losses and manage your claims so you ultimately spend less protecting your assets and your business. They are one of the largest national insurance brokers and a leading provider of risk management services and employee benefits.
- Total investments
- 1
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 2
Sector focus
- Insurance
Investment portfolio
- FitSafe
Led · Equity · May 2018
FitSafe is a NYC-based insurtech that provides a risk management and commercial insurance underwriting software platform for the sports and fitness sector. The company was created by Jeff Halevy in response to a rise in sports and fitness casualty insurance claims and related litigation. Its software lets property and casualty policyholders and prospective policyholders assess and improve risk profiles and allows underwriters to write policies based on granular, industry-specific risk analysis. FitSafe received a $250K minority investment from SterlingRisk, which acquired 1% of the company's shares and implied a $25M valuation. The investment will help FitSafe further enhance the software’s capabilities ahead of an upcoming launch. The product is set to launch early in the fourth quarter of the year.