Veruna

Veruna

Cloud-based agency management system for insurance

About

Veruna provides a cloud-based Agency Management System (AMS) specifically designed for independent insurance agencies. Built on the Salesforce platform, Veruna's system allows users to manage their operations from any device, offering features like real-time data insights, customizable dashboards, and reports. This enables agencies to make informed decisions quickly and stay competitive in the evolving insurance technology sector. Unlike many competitors, Veruna operates on a Software-as-a-Service (SaaS) model, where clients subscribe to access the software, ensuring they receive continuous updates and support. The goal of Veruna is to empower insurance agencies by enhancing their operational efficiency and customer engagement through modern digital solutions.

Company Stage

Series B

Employees

11-50

Industries

Data & Analytics, Enterprise Software, Fintech

Total Funding

$21.4M

Headquarters

Hopkinton, Iowa

Founded

2015


Simplify Jobs

Simplify's Take

What believers are saying

  • Veruna's integration with Bold Penguin enhances quoting efficiency and customer insights.
  • The rise of embedded insurance solutions offers Veruna expansion opportunities with third-party services.
  • Veruna's cloud-based AMS supports remote work, aligning with digital transformation trends.

What critics are saying

  • Increased competition from Salesforce-based AMS providers could erode Veruna's market share.
  • Rapid AI advancements may outpace Veruna's current platform capabilities, reducing competitiveness.
  • Economic downturns could impact Veruna's subscription revenue as agencies cut tech spending.

What makes Veruna unique

  • Veruna offers a Salesforce-based AMS, providing seamless integration with CRM capabilities.
  • The platform supports real-time data insights, enhancing decision-making for insurance agencies.
  • Veruna's Quote Hero solution revolutionizes quoting for independent insurance brokers and agents.

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Growth & Insights
Headcount

6 month growth

-2%

1 year growth

-2%

2 year growth

9%

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