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About Embroker
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series C
Total Funding
$170.4M
Headquarters
San Francisco, California
Founded
2015
Overview
Embroker simplifies the insurance process for businesses, particularly in the tech sector, by offering tailored solutions like Directors & Officers (D&O) insurance and Cyber Liability insurance. Their "Startup Package" helps new businesses secure necessary coverage quickly, with quotes available in two minutes and full coverage in ten minutes, while also providing cost savings. The company uses a digital-first approach to deliver instant quotes and data-driven recommendations, enhancing transparency and trust. Embroker aims to transform the business insurance landscape by providing fast, transparent, and cost-effective solutions for tech companies and startups.
Simplify's Take
What believers are saying
- Growing demand for cyber insurance among startups boosts Embroker's market potential.
- Partnership with Everspan enhances digital insurance solutions and customer experience.
- Expansion into consultant and financial professional markets increases customer base and revenue.
What critics are saying
- Competition from new InsurTech startups may erode Embroker's market share.
- Rapid AI advancements in underwriting could outpace Embroker's technological capabilities.
- Direct-to-consumer platforms threaten Embroker's traditional brokerage model.
What makes Embroker unique
- Embroker offers a unique 'Startup Package' for tech companies and startups.
- The company provides instant quotes and data-driven recommendations for tailored insurance solutions.
- Embroker's ONE platform integrates with HR systems for streamlined insurance management.
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Funding
Total Funding
$170.4M
Above
Industry Average
Funded Over
4 Rounds
Industry standards
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Health Savings Account/Flexible Spending Account
Unlimited Paid Time Off
Paid Vacation
Paid Sick Leave
Paid Holidays
Parental Leave
Family Planning Benefits
Fertility Treatment Support
Work from Home Office Set-up Stipend
Paid Subscription for Wellable Wellness
Stock Options
401(k) Company Match
401(k) Retirement Plan
Employee Assistance Program
Pet Insurance
Long Term Disability
Flexible Spending Accounts
Sick Time
Paid Parental Leave
RRSP with Employer Match
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -1%2 year growth
↑ 3%Embroker, the digital platform making it radically simple to get business insurance, today announced the appointment of Stephen Easley as Vice President of Underwriting.
Embroker, a digital insurance platform simplifying the insurance process for businesses, has released its "2024 Cyber Risk Index: Startup Edition," revealing a steady rise in cyber insurance adoption with a focus on simplicity, resilience, and investor appeal in a shifting cyber risk landscape.
Embroker partners with Everspan to digitise insurance through Embroker's ONE platform.
Embroker has launched a redesigned website to simplify the business insurance process, emphasizing clarity, transparency, and user-friendliness.The updated platform features enhanced navigation, better-organized content, and faster performance, making it easier for businesses to find information, explore coverage options, and apply for insurance. The new site reflects Embroker’s commitment to creating a more accessible and human-centered digital experience for clients, while maintaining their focus on technology-enabled solutions. “Most importantly, we wanted our digital presence to reflect the human side of our business. Behind every policy is a team of real people committed to supporting your business journey. Our new website aims to bring that human touch to the forefront, while ensuring a streamlined, technology-enabled experience that gets you the coverage you need, when you need it.”
Digital insurance company Embroker has appointed Andrew (Andy) Lea as Chief Insurance Officer (CIO) and promoted Kristy Malm as Chief Operating Officer (COO).
Embroker is Hiring for 4 Jobs on Simplify!
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About Embroker
Industries
Fintech
Financial Services
Company Size
51-200
Company Stage
Series C
Total Funding
$170.4M
Headquarters
San Francisco, California
Founded
2015
Embroker is Hiring for 4 Jobs on Simplify!
Find jobs on Simplify and start your career today