AgentSync

AgentSync

Insurance compliance software for licensing automation

About AgentSync

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

Industries

Enterprise Software

Financial Services

Company Size

201-500

Company Stage

Series B

Total Funding

$156.7M

Headquarters

Denver, Colorado

Founded

2018

Overview

AgentSync provides software solutions focused on insurance compliance, specifically automating the enforcement of state producer licensing and appointment regulatory requirements. Their platform helps insurance companies, including carriers, agencies, Managing General Agents (MGAs), and producers, ensure that their agents are properly licensed and compliant with regulations. The software streamlines the onboarding, licensing, and appointing processes, saving clients time and reducing the risk of non-compliance. Unique features include in-system background checks and tools for managing producer and broker information, which enhance operational visibility and control. AgentSync's goal is to create a seamless experience for all participants in the insurance process, ultimately building a modern infrastructure for the insurance industry.

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Simplify's Take

What believers are saying

  • AgentSync's partnerships with Canidium and Mphasis Silverline expand its market reach.
  • The launch of ProducerSync API aligns with growing demand for API-driven solutions.
  • AgentSync's solutions capitalize on the rising importance of data intelligence.

What critics are saying

  • Increased competition from global insurtech events like Guidewire's Insurtech Vanguards Pitch Days.
  • Potential conflicts of interest with Guidewire CEO on AgentSync's Board.
  • Reliance on strategic partnerships may pose risks if synergies are not realized.

What makes AgentSync unique

  • AgentSync automates state producer licensing and appointment regulatory requirements.
  • The company offers seamless APIs for integration with existing systems.
  • AgentSync provides in-system background checks for streamlined onboarding.

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Funding

Total Funding

$156.7M

Above

Industry Average

Funded Over

3 Rounds

Notable Investors:
Series B funding is typically for startups that have proven their business model and need more funding to expand rapidly—often by entering new markets or adding more products. Investors are usually venture capital firms that specialize in later-stage investments.
Series B Funding Comparison
Above Average

Industry standards

$35M
$45M
Linktree
$50M
AgentSync
$65M
Substack
$100M
ClickUp

Benefits

Health, dental & vision insurance

401(k)

Commuter benefits

Unlimited PTO

12 paid holidays per year

Team events throughout the year

Company provided MacBook Pro & WFH kit if you choose

Ability to work from home

Growth & Insights and Company News

Headcount

6 month growth

-1%

1 year growth

0%

2 year growth

0%
AgentSync
Oct 3rd, 2024
Canidium and AgentSync Announce Strategic Partnership

Fort Collins, CO, October 03, 2024 -(PR.com)- Canidium, a key player in implementation services within the insurance producer management ecosystem, is thrilled to announce its strategic partnership with AgentSync, a distribution channel management technology provider.

II Reporter
Sep 11th, 2024
Mphasis Silverline Partners with AgentSync for Insurance Compliance Solutions

Mphasis Silverline (an Mphasis business unit created with Mphasis' acquisition of Silverline in Dec. 2023) has announced a partnership with AgentSync to bring its producer and compliance management solution to Mphasis Silverline's insurance clients.

Business Wire
Apr 30th, 2024
Guidewire Expands Insurtech Vanguards Pitch Days, Taking Event Global

SAN MATEO, Calif.--(BUSINESS WIRE)--Guidewire (NYSE: GWRE) announced that it is taking its popular Insurtech Vanguards Pitch Day worldwide with pitch day events planned in Sydney, Australia on May 23, 2024 and Dublin, Ireland on June 13, 2024. In addition, Guidewire’s flagship Insurtech Vanguards Pitch Day will also be taking place during ITC Vegas in October 2024 for the third consecutive year. Each of the 2024 Insurtech Vanguards Pitch Days, sponsored by Guidewire PartnerConnect Consulting partner PwC, will feature five members of Guidewire’s Insurtech Vanguards program, whose short video submissions receive the most votes online from the industry, Guidewire, and PwC prior to the event. The finalists will pitch their value propositions to a live audience for a chance to showcase their solution at Connections, Guidewire’s annual user conference and the largest PC focused event attended by 3,000 attendees including top industry executives, investors, press, and analysts. “The Insurtech Vanguards program has been global in nature from its inception with participants from around the world, and we are thrilled to be investing in key entrepreneurial communities across the globe to expand the reach of the program,” said Laura Drabik, chief evangelist, Guidewire. “Guidewire is committed to searching far and wide for the most relevant and impactful insurtech value propositions

Google News
Jan 24th, 2024
AgentSync Appoints Guidewire CEO Mike Rosenbaum to Board of Directors

AgentSync appoints Guidewire CEO Mike Rosenbaum to Board of Directors.

PR Newswire
Jan 23rd, 2024
AgentSync Launches API to Streamline Insurance Producer Onboarding and Compliance

DENVER, Jan. 23, 2024 /PRNewswire/ - AgentSync today announced the launch of its first commercially available ProducerSync API for carriers, MGAs, and agencies to manage producer and adjuster licensing and appointment validation without the paperwork.

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