SageSure

SageSure

Specialized insurance for high-risk coastal areas

About SageSure

Simplify's Rating
Why SageSure is rated
A+
Rated A on Competitive Edge
Rated A on Growth Potential
Rated A+ on Rating Differentiation

Industries

Social Impact

Financial Services

Company Size

501-1,000

Company Stage

Debt Financing

Total Funding

$1.4B

Headquarters

Jersey City, New Jersey

Founded

2009

Overview

SageSure provides insurance coverage specifically for homeowners and small businesses located in high-risk coastal areas. The company offers tailored insurance products that address the unique challenges faced by these markets, particularly in regions prone to natural disasters like hurricanes and floods. SageSure's approach involves employing a team of experienced professionals who have extensive backgrounds in insurance, allowing them to evaluate risks effectively and provide expert guidance to clients. Unlike traditional insurers that often avoid these high-risk areas, SageSure focuses on filling the gap by offering competitively priced, high-quality insurance solutions. The company's goal is to ensure that clients in underserved markets have access to reliable protection, leveraging advanced technology and data analytics to assess risks and maintain customer satisfaction.

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Simplify's Take

What believers are saying

  • SageSure's acquisition of GeoVera expands its expertise in earthquake insurance.
  • Partnerships with firms like Markel enhance SageSure's market reach and capacity.
  • The rise of InsurTech partnerships boosts SageSure's technological capabilities.

What critics are saying

  • Increased competition from InsurTech startups may challenge SageSure's market position.
  • Rising natural disasters could lead to higher claims and affect profitability.
  • Regulatory changes in coastal states may impact SageSure's underwriting practices.

What makes SageSure unique

  • SageSure specializes in high-risk, underserved coastal property insurance markets.
  • The company uses advanced technology for accurate risk assessment and competitive pricing.
  • SageSure offers over 50 insurance products through a vast network of producers.

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Funding

Total Funding

$1380M

Above

Industry Average

Funded Over

2 Rounds

Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

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

Growth & Insights and Company News

Headcount

6 month growth

0%

1 year growth

0%

2 year growth

2%
Business Wire
Mar 1st, 2025
SageSure and SURE Secure $520 Million Catastrophe Bond, Largest Gateway Re Issuance to Date

SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, and SureChoice Underwriters Reciprocal Exchange (“S

ROI-NJ
Jan 3rd, 2025
SageSure completes purchase of earthquake insurance specialist GeoVera

SageSure completes purchase of earthquake insurance specialist GeoVera.

Business Wire
Jan 3rd, 2025
SageSure Closes Acquisition of GeoVera Advantage Insurance Services and Establishes Carrier Partnerships with GeoVera Nova Holdings' Insurance Subsidiaries

SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, today announced it has closed the acquisition of Ge

Insurance Journal
Jan 3rd, 2025
SageSure Closes Acquisition of GeoVera Advantage Insurance Services in California

As part of the transaction, SageSure has invested in GeoVera Nova Holdings Inc., which has acquired GeoVera Insurance Holdings Ltd.'s insurance carrier businesses.

Coverage
Nov 7th, 2024
Sagesure Partners With Auros

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SageSure is Hiring for 32 Jobs on Simplify!

Find jobs on Simplify and start your career today

💡
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