Insurify is an American insurance comparison shopping website headquartered in Cambridge, Massachusetts. Insurify is also the operator of Evia (Expert Virtual Insurance Agent), which allows users to search for car insurance by texting a photo of their license plate.
Video Insurify
History
Insurify was founded in 2013 by Snejina Zacharia, MIT Sloan fellow and Giorgos Zacharia, CTO of Kayak.com metasearch engine.
In January 2016, company secured $2M of funding in a seed round led by Rationalwave Capital Partners and other angel investors. The funding was used to officially launch its marketplace website.
Insurify started offering its online insurance quote comparison marketplace publicly in July 2015 in Texas, California, and Florida. The company established relationships with auto insurance carriers and auto insurance brokers that allowed them to provide personalized insurance quotes based on a user's profile, vehicle, and driving history. By January, Insurify had expanded coverage to 30 states. The website lets users type in their zip code, answer questions about their car(s) and driving record and compare auto insurance quotes from major insurance carriers including Liberty Mutual, Metlife, The Travelers Companies, Safeco, The General and Nationwide Mutual Insurance Company.
In March 2017, Insurify raised $4.6M of funding in a seed round, led by MassMutual Ventures and Nationwide Ventures and also launched a Facebook Messenger chat bot, which allows users to compare and buy insurance directly from Facebook Messenger.
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Operations
Insurify is an auto and home insurance comparison insurance website that uses predictive modeling in order to make shopping for car insurance easier. The company invented RateRank, a proprietary software that matches each driver's profile and risk levels to the best insurance carrier and coverage.
References
Source of article : Wikipedia
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