Our mission is to make it radically simple to get the right business insurance for the best price.
How Do We Do It?
Business insurance is one of the oldest industries in the world. It is built on personal relationships rather than technological advancement. It’s also dominated by long-established players. Until now.
Embroker is a digitally-native business insurance company built from the ground up with modern technology to eliminate the inefficiencies that increase prices and lead to frustrating customer experiences.
From machine learning to artificial intelligence, we use the latest technology to make policies more tailored, less expensive, and easier to purchase.
Digital Business Insurance Provider
Becoming the First Intelligent Business Insurance Platform
Meet Matt Miller
Serving on the board of one of the world’s largest insurance brokerage firms made me realize the tremendous value of transferring risk through insurance. Many times I saw businesses saved from financial losses that would have otherwise destroyed them because they had transferred that risk to an insurance company. But I also saw the inefficiencies inherent in the system: Dominated by established players, long-standing personal relationships and legacy systems, the industry had not yet grasped the massive benefits that technology could have in making business insurance more efficient. With this insight, I started Embroker to help catalyze this change.
Embroker is Founded
Our mission: to make it radically easier to get the right business insurance at the best price.
First Digital Business Insurance Platform
We become the first company where businesses can apply for all types of commercial insurance online and manage their policies through a modern cloud-based portal.
Partnership with Munich Re
Partnering with Munich Re allows us to start building our own insurance products that can be underwritten algorithmically and bought fully online.
First Intelligent Business Insurance Platform
We launch the intelligent Startup Package, which makes us the first company ever to offer a full suite of end-to-end digital specialty insurance products. Startups can now buy Directors & Officers, Employment Practices Liability and Fiduciary Liability insurance in minutes, rather than weeks. Our digital specialty products are available nearly seven years earlier than McKinsey had predicted.
Adding Technology Errors & Omissions incl. Cyber to the Startup Package
Adding Workers Compensation Policy
Adding Lawyers Professional Liability
Adding Management Liability Package
Launch of Embroker Access
With the launch of Embroker Access, we open Embroker’s platform and give select outside brokers access to our market-leading products, quick quotes and cloud-based management tool.
Embroker raises $100M to expand business
Adding Cyber Liability and Commercial Crime
Expands Reinsurance to a syndicate of A rated reinsurers
Adding Key Person Policy
Adding Cannabis Dispensary Coverage