Full-Time
Manufacturing/Products Liability Broker
Confirmed live in the last 24 hours
QuoteWell
11-50 employees
Streamlines commercial insurance submission process
No salary listed
Senior, Expert
Remote in USA
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- Sufficient experience that allowed you to build a sizable book of business.
- Necessary licenses for your appropriate lines of business
- Strong sales / producer abilities
- Ability to handle high-volume deals, generating quotes and servicing policies quickly
- Excellent communication skills: both in-person and written
- Organized and detail oriented
- A natural desire to see things through and a history of being scrappy when it counts
- Willingness and ability to travel depending on the needs of clients, Agents, and new business
- Drive sales and new carrier appointments to grow QuoteWell's footprint
- Support the continued evolution of wholesale operations at QuoteWell
- Develop, maintain and cultivate client and agent relationships
- Solicit, market, quote, bind, and confirm new and existing business
- Negotiate the best terms and coverages available with accessible markets
- Partner with our Product, Engineering, and Operations teams to build solutions to streamline efforts across the full policy lifecycle in the surplus lines space
Quotewell streamlines the commercial insurance submission process for independent agents by providing a platform that simplifies and automates the workflow. The platform combines various questions into a single form application, allowing for quick and secure data transfers to multiple insurance carriers. This integration helps agents focus on more important tasks, like expanding their business, rather than getting bogged down by paperwork. Quotewell differentiates itself from competitors by collaborating with local independent agencies to tailor its solutions to their specific needs. The company operates on a subscription-based model, generating revenue from fees paid by agents and brokers who use the platform, with the goal of increasing efficiency and productivity in the commercial insurance market.
Company Size
11-50
Company Stage
Series A
Total Funding
$15M
Headquarters
Austin, Texas
Founded
2021
Simplify's Take
What believers are saying
- QuoteWell raised over $15M in Series A funding to expand and enhance its platform.
- The partnership with Herald enables instant quoting, improving agent workflows.
- Growing demand for digital insurance solutions aligns with QuoteWell's offerings.
What critics are saying
- Increased competition from insurtech startups like Lemonade and Hippo.
- Dependence on third-party providers like Herald for critical functionalities.
- Regulatory scrutiny on AI-driven platforms could lead to compliance challenges.
What makes QuoteWell unique
- QuoteWell integrates multiple carrier submissions into a single form, enhancing efficiency.
- The platform offers real-time quoting and binding through its partnership with Herald.
- QuoteWell's AI-backed technology provides tailored coverage recommendations for agents.
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Benefits
Competitive salaries + equity in the company
Medical, dental, & vision
FSA and HSA options
Unlimited vacation policy
Paid membership to One Medical
Company-sponsored 401K plan (Roth & Traditional)
Paid parental leave
Family forming benefits & reimbursements through Carrot
Growth & Insights and Company News
6 month growth
↑ 0%1 year growth
↓ -4%2 year growth
↑ 5%QuoteWell partners with Independent Insurance Agents of Texas.
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Stewart Risk partnered with QuoteWell to utilize a modern platform that allows agents to access more markets and experience quicker response times and carrier transparency.
QuoteWell, an Austin, TX-based tech-enabled commercial insurance wholesale brokerage, raised over $15M in Series A funding.The round was led by NEA with participation from Goldcrest and Floating Point. The company intends to use the funds to expand its team and enhance the infrastructure for automation and operational efficiencies.Led by Joey Bouchard, CEO and Founder, QuoteWell is a tech-enabled commercial insurance wholesale brokerage, which utilizes AI-backed technology in its submission and marketing processes, empowering in-house brokers to efficiently find and place the risk while delivering a responsive and transparent experience for retail agents. To date, the company has hired 12 licensed brokers to support submission flow and uses AI-backed models to assist in coverage recommendations from its panel of over 45 carrier partners. FinSMEs24/10/2023
In the lead-up to today's public launch, QuoteWell, founded in 2021, has secured over $15 million in Series A funding led by New Enterprise Associates, Inc. (NEA).