InsurGrid

InsurGrid operates as a software-as-a-service (SaaS) provider in the InsurTech sector, offering a platform designed to streamline the process of collecting insurance policy information for agents. The company was founded in 2020 by CEO Chase Beach and Charles Michael. Beach's family has a 144-year legacy in the insurance industry, which inspired him to address the technological gaps in the sector. After graduating from Wittenberg University and working in San Francisco, he was further motivated when his mother opened her own insurance agency.

The company's primary clients are independent insurance agents and brokerages. InsurGrid's business model is subscription-based, with monthly and annual plans available for its agent-users. The platform aims to eliminate the time-consuming back-and-forth communication typically required to gather a prospective client's policy details. Agents can send a personalized link to a potential client via email or text. The client then connects to their existing insurance provider through the InsurGrid portal, which securely transfers their policy information, such as declaration pages, directly to the agent's dashboard. This process provides agents with accurate, verified information almost instantly, including contact details, driver information, policy limits, and deductibles.

The service is built to help agents increase their efficiency, improve client engagement, and ultimately close more sales. Customer testimonials indicate that using the platform leads to a higher conversion rate. InsurGrid's platform integrates with numerous insurance carriers and is initially focused on the property and casualty insurance market. Key features include a personalized agent dashboard, tools for coverage gap analysis, loss run collection, and policy comparisons. Security is addressed through 256-bit AES encryption for sensitive data, both at rest and in transit. Since its inception, InsurGrid has raised $1.3 million in funding from investors including Engineering Capital and Hustle Fund, and reports serving over 2,500 agents who have collected more than 100,000 declaration pages.

Keywords: InsurTech, insurance agent software, policy data collection, SaaS, property and casualty insurance, lead conversion, client data automation, insurance sales tools, declaration page retrieval, agent productivity, insurance workflow, customer information platform, digital insurance tools, brokerage technology, policy verification, premium closing, client onboarding, insurance API, coverage analysis, risk management software