Acrisure

Acrisure

Insurance broker specializing in risk management

About Acrisure

Simplify's Rating
Why Acrisure is rated
A
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A+ on Rating Differentiation

Industries

Financial Services

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$5.1B

Headquarters

Grand Rapids, Michigan

Founded

2005

Overview

Acrisure provides insurance and risk management services through a network of independent insurance agencies known as Agency Partners. This model allows Acrisure to offer tailored solutions to a diverse clientele, including business owners and institutions in sectors like agriculture, arts, and waste management. The Agency Partners maintain local relationships while leveraging Acrisure's global resources, ensuring personalized service. Acrisure generates revenue by earning commissions and fees from insurance policies sold through its partners, creating a mutually beneficial relationship. The company's goal is to combine local expertise with global capabilities to deliver high-quality insurance solutions.

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Simplify's Take

What believers are saying

  • Acrisure's focus on AI-driven solutions enhances operational efficiency and service offerings.
  • The rise of embedded insurance offers new distribution channels for Acrisure.
  • Increasing demand for cybersecurity insurance presents growth opportunities for Acrisure.

What critics are saying

  • Increased competition may dilute Acrisure's unique value proposition in the market.
  • Challenges in integrating acquisitions like Mockenhaupt Benefits Group could lead to inefficiencies.
  • Rapid expansion may strain Acrisure's financial resources and increase debt levels.

What makes Acrisure unique

  • Acrisure's unique partnership model leverages a global network of independent agencies.
  • The company integrates human expertise with advanced AI for enhanced service delivery.
  • Acrisure combines local agency presence with global resources for personalized client solutions.

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Funding

Total Funding

$5070M

Above

Industry Average

Funded Over

3 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Flexible Work Hours

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

3%

2 year growth

2%
Reinsurance News
Apr 15th, 2025
Acrisure Re strengthens Bermuda presence with Romeo and Gordon

Acrisure Re, the re/insurance division of Acrisure, has announced the appointment of Roman Romeo as President, Head of Acrisure Re Bermuda, effective April 7.

Financial Technology Insights
Apr 11th, 2025
Patriot Insurance Honors The Essex Agency as Diamond Achiever

Acrisure has been named Vermont's 2024 Diamond Achiever by Patriot Insurance Company, based in Yarmouth, Maine.

Life Insurance International
Apr 8th, 2025
Acrisure appoints new chief technology officer, chief administrative officer

Acrisure has named Mark Wassersug as its chief technology officer (CTO) and Shawn Pelsinger as chief administrative officer (CAO).

ROI-NJ
Mar 27th, 2025
Fintech Leader Acrisure Consolidates New Jersey Offices At The Arbors @ Parsippany

Acrisure, a global fintech leader specializing in insurance, reinsurance, payroll, benefits, cybersecurity and mortgage services, is consolidating several of its New Jersey offices into a centralized location at The Arbors @ Parsippany. The company has signed a 43,176-square-foot lease at 3 Sylvan Way, a newly renovated office campus owned by Onyx Equities.Acrisure’s decision to relocate to The Arbors aligns with its ongoing expansion and commitment to providing a modern, collaborative workspace for its growing team. The company, which generates nearly $5 billion in annual revenue, employs approximately 800 professionals in New Jersey and more than 21,000 worldwide.“Acrisure takes great pride in being a global fintech leader and trusted advisor to our clients,” said Michael Iannaconi, senior vice president of Acrisure’s East Division. “This move reinforces our commitment to innovation, collaboration and excellence in the industry, allowing us to grow and expand in a dynamic environment that benefits both our employees and clients.”Founded in 2005 and headquartered in Grand Rapids, Michigan, Acrisure has rapidly expanded its portfolio of services by integrating human expertise with advanced artificial intelligence. The company has made headlines beyond the financial sector, most notably through its sponsorship of Acrisure Stadium, home to the NFL’s Pittsburgh Steelers.The Arbors @ Parsippany, a 60-acre office campus, has seen an influx of tenants following extensive renovations by Onyx Equities. The campus offers upgraded amenities, including a 5,200-square-foot fitness center, three cafés, state-of-the-art conference facilities, outdoor dining areas and recreational spaces

City A.M.
Mar 27th, 2025
Pittsburgh Steelers' fintech stadium sponsor Acrisure enters English cricket

Fintech and insurance firm Acrisure has entered English cricket, striking up a partnership with Nottinghamshire County Cricket Club.

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