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Hartford Financial Services
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Insurance and financial services provider
Hartford Financial Services
Work Here?
Insurance and financial services provider
About Hartford Financial Services
Industries
Social Impact
Financial Services
Company Size
10,001+
Company Stage
N/A
Total Funding
$77.7M
Headquarters
Hartford, Connecticut
Founded
1810
Overview
Hartford Financial Services provides insurance and financial products designed to protect individuals and businesses. Their offerings include various types of insurance policies that help safeguard against risks and uncertainties. Beyond traditional insurance, Hartford focuses on making a positive impact in the community and enhancing human achievement. This commitment sets them apart from competitors who may only focus on the financial aspects of insurance. The goal of Hartford Financial Services is to ensure comprehensive protection while also contributing to the well-being of society.
Simplify's Take
What believers are saying
- AI-driven claims management adoption boosts efficiency in insurance processing.
- Digital transformation with Beam Benefits simplifies employee benefits processes.
- Geospatial intelligence from CAPE Analytics improves risk assessment and underwriting.
What critics are saying
- AI-driven solutions like HOMEE increase competition in P&C insurance.
- Beam Benefits' growth challenges Hartford's market position in employee benefits.
- Superscript's funding may disrupt traditional insurance models Hartford relies on.
What makes Hartford Financial Services unique
- Hartford is recognized as one of the World's Most Ethical Companies.
- The Hartford's critical illness insurance covers a wide range of health conditions.
- Partnership with CAPE Analytics enhances Hartford's risk assessment with geospatial intelligence.
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Funding
Total Funding
$77.7M
Above
Industry Average
Funded Over
0 Rounds
Benefits
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance
Paid Vacation
Paid Holidays
Hybrid Work Options
Remote Work Options
Tuition Reimbursement
Company News
HOMEE, the only AI-driven direct repair network for the Property and Casualty (P&C) insurance industry, today announced the successful closure of its Series C funding round, amassing $12m.
COLUMBUS, Ohio, Sept. 12, 2023 (GLOBE NEWSWIRE) -- Beam Benefits, the digitally-led employee benefits company, today announced that it raised $40 million, bringing the company's total funding to over $200 million and increasing its valuation by 25% since the company's Series E raise in early 2021 .The round was led by existing investor Georgian , with broad sponsorship from a combination of new, existing, and strategic partner investors.Beam is on track to grow its revenue 40% year-over-year with its expanded benefits portfolio and continued investment in new platform capabilities . Over the past 18 months, Beam has launched six new benefits products and plans to add more in-demand products in the future."Our most recent funding is an incredible accomplishment, especially in the face of today's economic headwinds, and marks a significant step forward in our company's aggressive growth plans," says Alex Frommeyer, Beam's Co-Founder and CEO.This announcement comes on the heels of other growth news for the company. Recently, The Hartford and Beam Benefits released news of a strategic relationship supporting product expansion efforts for both companies.Tens of thousands of employers across the country choose Beam due to its simple and smart approach to employee benefits. Its digital-first tools, such as the Beam Quoting Tool, cut down or eliminate paperwork entirely and can deliver a quote in under 30 seconds. Hundreds of thousands of members love Beam too – due to the ease and simplicity of use, its app carries a 4.7/5 average rating on the Apple App Store with over 1,300 ratings.The capital raised will be used to further propel Beam's growth, including investment in its digital platform, which makes it easier for brokers to quote, enroll, and manage a full suite of ancillary products for their SMB clients.About Beam BenefitsBeam Benefits is a digitally-led employee benefits company that offers dental, vision, life, disability, and supplemental health coverage
Birtcher Development has received $49.2 million for the construction of a distribution center in Fontana, Calif.
Insurtech firm Superscript has completed a £45m Series B funding round, in one of the first major UK tech investments of 2023.
HARTFORD, Conn.--(BUSINESS WIRE)--The Hartford has named Tracey Ant head of Middle & Large Commercial Business Units effective Jan. 1. In this newly created role, Ant will oversee all Middle & Large Commercial business units driving underwriting excellence across multiple industries including construction, large property, real estate, life sciences, technology, energy, and marine. She will continue to report to A. Morris “Mo” Tooker, Head of Middle & Large Commercial, Global Specialty and Sales & Distribution. “Tracey is a well-known and highly respected leader both internally and externally,” said Tooker. “Her steadfast commitment to growing talent and deeply caring about the experiences of agents and brokers is unparalleled. We’re confident that she will continue to advance our solutions for midsize and large businesses and drive our future growth strategy.”
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About Hartford Financial Services
Industries
Social Impact
Financial Services
Company Size
10,001+
Company Stage
N/A
Total Funding
$77.7M
Headquarters
Hartford, Connecticut
Founded
1810
Hartford Financial Services is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today