Insurate
Omaha, US · Founded 2019 · Delaware corporation · 29 employees on LinkedIn · 1 known investors
Insurate uses AI and data science for underwriting to price commercial insurance premiums, offering lower rates to companies with strong risk profiles. It operates in the insurance technology space.
Founders & leadership
Insurate was founded in 2019 by Joe Mcilhon.
JM
Joe McilhoninFounder
RH
Ron HumeNamed on SEC filing
JM
Joe McIlhonNamed on SEC filing
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Scott WellerNamed on SEC filing
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Hossein MousaviNamed on SEC filing
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Adrian JonesNamed on SEC filing
JR
James RobinsonNamed on SEC filing
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Shami PatelNamed on SEC filing
Investors · 1
Reported raises · per SEC filings
Form D private placements$4.5M disclosed across 1 round · 2021
▶$4.5MraisedOct 2021 · 17 investors · OtherRule 506(b)
▶$4.5MraisedOct 2021 · 17 investors · Other
Rule 506(b)Officers, directors & promoters on the filing
- Ron HumeExecutive Officer
- Joe McIlhonExecutive Officer, Director, Promoter
- Scott WellerExecutive Officer
- Hossein MousaviExecutive Officer
- Adrian JonesDirector
- James RobinsonDirector
- Shami PatelDirector
- Offering amount
- $4.6M
- Amount sold
- $4.5M
- First sale
- Sep 2021
- Incorporated
- Corporation, Delaware, 2019
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Competitors · 6
by search overlapAcrisure Small Business Insurance21 shared keywordsAcrisure combines advisory expertise with technology to connect businesses and individuals to insurance, employee benefits, cybersecurity, payroll, and mortgage solutions. It serves small-to-midsize businesses, large enterprises, and individuals across a range of insurance and financial products.
Insurity13 shared keywordsInsurity provides cloud-based core insurance software combining policy administration, billing, premium audit, geospatial analytics, and AI-driven underwriting tools. It serves insurers, MGAs, and specialty carriers looking to launch products faster, stay compliant with regulatory changes, and manage risk.
Inshur12 shared keywordsINSHUR provides embedded commercial auto insurance for drivers in the on-demand economy, delivered through a digital platform for large driver platforms such as Uber and Amazon. It operates across the US, UK, and Europe, offering end-to-end insurance programs including rideshare, last-mile delivery, and pay-as-you-go coverage.
InsurePay10 shared keywordsInsurePay is a payment platform for the insurance industry that lets carriers, MGAs, agents, and policyholders calculate, collect, send, and reconcile payments. It serves insurance organizations including workers' compensation carriers, agencies, and MGAs.
Libertymutual8 shared keywordsLiberty Mutual is an insurance provider offering personal insurance products including car, home, homeowners, and renters coverage to consumers. The company provides online quotes, claims handling, and support through both its website and mobile app.
Sure8 shared keywordsSure provides a digital insurance platform that enables carriers, brands, marketplaces, and software companies to offer insurance products to consumers. The company builds technology to simplify insurance purchasing and access across multiple distribution channels.
Companies competing with Insurate for the same Google search keywords, organic and paid, via search-intersection analysis.
Frequently asked questions
- What does Insurate do?
- Insurate uses AI and data science for underwriting to price commercial insurance premiums, offering lower rates to companies with strong risk profiles. It operates in the insurance technology space.
- Who founded Insurate?
- Insurate was founded by Joe Mcilhon in 2019.
- Who are Insurate's investors?
- Insurate's investors include Clocktower Ventures.
- How much funding has Insurate raised?
- Insurate has disclosed $4.5M raised across 1 round.
- Where is Insurate headquartered?
- Insurate is headquartered in Omaha, US.