Work Here?
Branch Financial
Work Here?
Insurtech delivering instant, embedded home/auto quotes
Branch Financial
Work Here?
Insurtech delivering instant, embedded home/auto quotes
Overview
Branch Insurance provides personal lines coverage (home, auto, renters, umbrella) through a member-owned reciprocal exchange and a multi-channel distribution model. Its platform uses data and automation to bind a bundled home and auto quote in seconds from just a name and address, and it enables embedded insurance via APIs with partners like Rocket Mortgage, OpenRoad Lending, and SimpliSafe. The company differentiates itself with a Branch Insurance Exchange that returns unused premiums to members, a flat 5% management fee, and a Public Benefit Corporation/B Corp status, along with a nonprofit, SafetyNest, to help underserved people. Its goal is to make insurance cheaper and more accessible while serving the communal good.
About Branch Financial
Industries
Data & Analytics
Enterprise Software
Social Impact
Financial Services
Company Size
201-500
Company Stage
Series C
Total Funding
$229.5M
Headquarters
Columbus, Ohio
Founded
2017
Simplify's Take
What believers are saying
- Expanded condo insurance rollout starting Ohio in 2023.
- Added motorcycle, boat, ATV coverages through mobile apps.
- Secured new funding round per Coverager report.
What critics are saying
- 143.3% loss ratio from 2022 forces premium hikes.
- Second layoffs in 7 months burn cash reserves.
- Lemonade undercuts with 55% loss ratio in embedded market.
What makes Branch Financial unique
- Branch uses reciprocal exchange structure charging flat 5% fee.
- Instant-bind quotes for home and auto using name and address only.
- Embedded insurance via API with Rocket Mortgage and SimpliSafe.
Help us improve and share your feedback! Did you find this helpful?
Funding
Total Funding
$229.5M
Above
Industry Average
Funded Over
4 Rounds
BoxGroupIndustry standards
Benefits
Remote Work Options
Flexible Work Hours
Loan?
Growth & Insights and Company News
6 month growth
↓ -3%1 year growth
↓ -1%2 year growth
↓ -3%Branch Insurance Exchange, the reciprocal managed by insurance startup. Branch, <i class="fa fa-info-circle company-popover" data-content="h3Branch/h3. div
Branch Insurance Exchange, the reciprocal managed by insurance startup. Branch, <i class="fa fa-info-circle company-popover" data-content="h3Branch/h3. div
Branch Insurance Exchange, the reciprocal managed by insurance startup. Branch, <i class="fa fa-info-circle company-popover" data-content="h3Branch/h3. div
Insurance startup. Branch, <i class="fa fa-info-circle company-popover" data-content="h3Branch/h3. div
A Columbus digital insurer with unicorn valuation has made its second round of job cuts in seven months.
Branch Financial is Hiring for 6 Jobs on Simplify!
Find jobs on Simplify and start your career today
About Branch Financial
Industries
Data & Analytics
Enterprise Software
Social Impact
Financial Services
Company Size
201-500
Company Stage
Series C
Total Funding
$229.5M
Headquarters
Columbus, Ohio
Founded
2017
Branch Financial is Hiring for 6 Jobs on Simplify!
Find jobs on Simplify and start your career today