SageSure

SageSure

Specialized insurance for high-risk coastal areas

About

SageSure offers insurance coverage for homeowners and small businesses in high-risk coastal areas, where traditional insurers often do not provide services. The company focuses on delivering tailored insurance products that meet the specific needs of clients in these underserved markets, using advanced technology and data analytics to assess risks and set competitive prices. SageSure stands out due to its experienced team, which has extensive backgrounds in the insurance industry, allowing for expert guidance and support. The goal is to ensure that clients in high-risk areas have access to reliable insurance protection.

Company Stage

Debt Financing

Employees

501-1,000

Industries

Social Impact, Financial Services

Total Funding

$800M

Headquarters

Jersey City, New Jersey

Founded

2009


Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with Ecopia AI enhances precision in underwriting and risk assessment.
  • Expanded Markets program addresses growing demand for fire dwelling products in coastal states.
  • Collaboration with Markel increases underwriting capabilities and market expansion potential.

What critics are saying

  • Increased competition in coastal insurance markets may pressure SageSure's market share.
  • Reliance on catastrophe bonds could lead to financial instability if market conditions worsen.
  • Regulatory scrutiny may arise from new dwelling fire products in multiple states.

What makes SageSure unique

  • SageSure specializes in high-risk coastal property insurance, a niche underserved by traditional insurers.
  • The company uses advanced technology for precise risk assessment and competitive pricing.
  • SageSure's extensive network of over 11,400 producers enhances its market reach and customer service.

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Growth & Insights
Headcount

6 month growth

9%

1 year growth

21%

2 year growth

57%

Benefits

Fully stocked cafés with free snacks and beverages

Lounges with shuffleboard, billiards and board games

Access to in-office gyms

Organized and ad hoc social events

Medical (HSA, EPO, PPO)

Dental

Vision

401(k) with company match

Profit-sharing bonus program

Life insurance

Short-term and long-term disability

Up to 160 hours of paid time off per year, plus floating holidays

Paid holidays

8 hours of volunteer time off per year

Gym reimbursement

Tuition reimbursement toward education, licensing and certifications

Employee assistance program with access to free and confidential counseling

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