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About
Assurance IQ helps individuals find the right insurance and personal finance solutions. It operates as a licensed insurance agency, providing personalized recommendations for various types of insurance, including health, life, and short-term medical insurance. Clients can receive tailored suggestions based on their specific needs, making the insurance shopping process easier. Assurance IQ stands out from competitors by offering a free service funded through commissions from insurance providers, ensuring users can access expert guidance without extra costs. Backed by Prudential Financial, the company aims to enhance the personal and financial well-being of its clients while focusing on growth and excellent customer service.
Company Stage
Acquired
Employees
1,001-5,000
Industries
Fintech, Financial Services
Total Funding
N/A
Headquarters
N/A
Founded
2016
Simplify's Take
What believers are saying
- Leveraging the Innervate Experience Orchestration Platform, Assurance IQ is poised for scalable growth and improved marketing efficiency.
- The launch of Nectar expands Assurance IQ's offerings to include auto, home, and life insurance leads, diversifying its revenue streams.
- Under the leadership of CEO Allison Arzeno, the company is focused on innovation and customer-centric solutions, which could drive future growth.
What critics are saying
- Assurance IQ has reported consecutive quarterly losses, totaling $381 million, which raises concerns about its financial stability.
- The acquisition by Prudential has not met financial expectations, potentially leading to strategic and operational challenges.
What makes Assurance IQ unique
- Assurance IQ leverages a sophisticated technical platform to provide personalized insurance recommendations, setting it apart from traditional insurance agencies.
- The company's business model, which keeps the service free for users by earning commissions from insurance providers, makes it an attractive option for cost-conscious clients.
- Being a wholly owned subsidiary of Prudential Financial, Inc. provides Assurance IQ with strong financial backing and industry expertise, enhancing its credibility and operational capabilities.
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6 month growth
↓ -9%1 year growth
↓ -9%2 year growth
↑ 1%Benefits
Top-Notch Health Benefits - Our insurance includes comprehensive medical, dental, vision, plus we offer Weekly Wellness Sessions to help reduce stress and improve focus.
Competitive Compensation - Our salaries are competitive and many include a bonus plan. All employees get access to a 401K so you can invest in financial wellness.
Time When You Need It - We offer generous vacation time. We also offer 16 weeks of paid parental leave.
Unmatched Growth Opportunities - Advance your career rapidly with leadership development training, coaching, and a culture of candid feedback and internal promotion.
Career Development - Never stop learning with access to continuing education opportunities like Assurance 101 and Assurance University.
Day-to-day Your Way - Create a comfortable home office with a company laptop and peripherals provided. We also offer commuter benefits for those coming to an office.
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