InsurSign
The eSign app for Insurance Carriers & Agencies.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
| investor investor investor investor investor investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | €0.0 | round | |
| N/A | $7.0m | Series A | |
| Total Funding | 000k | ||
| USD | 2019 | 2020 | 2021 | 2022 | 2023 |
|---|---|---|---|---|---|
| Revenues | 0000 | 0000 | 0000 | 0000 | 0000 |
| % growth | - | - | - | (32 %) | 97 % |
| EBITDA | 0000 | 0000 | 0000 | 0000 | 0000 |
| Profit | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV | 0000 | 0000 | 0000 | 0000 | 0000 |
| EV / revenue | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| EV / EBITDA | 00.0x | 00.0x | 00.0x | 00.0x | 00.0x |
| R&D budget | 0000 | 0000 | 0000 | 0000 | 0000 |
Source: Dealroom estimates
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InsurSign is a software company that has carved out a specific niche within the competitive electronic signature market by focusing exclusively on the insurance industry. The company, formerly known as REACH, provides a dedicated platform for carriers, agencies, Managing General Agents (MGAs), and brokers, positioning itself as a more specialized and affordable alternative to generalist providers.
The firm's core offering is InsurHub, a Software-as-a-Service (SaaS) platform designed to manage the entire lifecycle of insurance documentation. This includes processes such as policy applications, claims, customer onboarding, renewals, and compliance documentation. The business model appears to be subscription-based, offering plans that include unlimited signatures and a 14-day free trial to encourage adoption by its target clients. This pricing strategy aims to reduce operational overhead for insurance professionals who handle high volumes of documents.
In August 2023, the company appointed Derek Rathel as CEO, signaling a new phase of strategic growth. Rathel's stated vision focuses on three core pillars: enhancing the customer journey, fortifying data security through advanced encryption and authentication, and ensuring seamless integration with existing insurance software like Agency Management Systems (AMS) and CRMs. This focus on integration suggests a strategy centered on embedding InsurSign's tools directly into the daily workflows of insurance professionals.
The InsurHub platform is more than a simple signature tool; it is a comprehensive suite that facilitates the collection of signatures, documents, identities, and even payments. It features customizable templates, tools for managing complex workflows, and a complete audit trail for compliance purposes. A significant product update included a new user interface built on Google's Material 3 design system, indicating a commitment to a modern and user-friendly experience.
Keywords: eSignature, insurtech, insurance software, digital signature, policy workflow, claims processing, insurance automation, InsurHub, Derek Rathel, compliance management, agent productivity, broker tools, policy administration, digital documents, secure transactions, insurance technology, document management, carrier solutions, agency software, MGA tools