Companies
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Branch
Fintech
Branch is a Columbus, Ohio-based insurtech company offering bundled home and auto insurance directly to consumers through a fast, largely automated online quoting process.
$304M
-$14.23
79.28%
30 days ago
$17.94
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Branch was founded in 2017 by Steve Lekas and Joe Emison, building an insurance carrier from the ground up rather than operating purely as a technology layer on top of traditional insurers, with the goal of using automation and a streamlined underwriting process to offer home and auto insurance bundles at meaningfully lower prices than traditional insurance companies, which the founders argued carry significant overhead from legacy systems, extensive manual underwriting processes, and traditional agent-driven distribution models. Branch's product lets customers get a bundled home and auto insurance quote in a matter of minutes through an online form, using available third-party data sources to reduce the amount of manual information a customer needs to provide, and pricing its policies with the explicit goal of passing much of its operational savings back to customers in the form of lower premiums. The company operates as a licensed insurance carrier itself in the states where it's approved to write policies, giving it more direct control over underwriting, pricing, and claims than companies that merely act as a distribution or technology layer selling other carriers' policies, though this also means Branch bears the underlying insurance risk directly and must maintain the regulatory capital and reserves required of any insurance carrier. Branch has also built a network of independent insurance agents who can sell its bundled products alongside its direct-to-consumer online channel, reflecting a hybrid distribution strategy that leverages both fully automated self-service customers and the trust and local relationships that independent agents provide, particularly important in insurance where many consumers still prefer some human guidance for a purchase perceived as complex and consequential. The company has raised substantial venture funding from investors including American Family Ventures and SignalFire, competing with other insurtech home and auto bundlers such as Hippo and Kin Insurance in a segment of the property and casualty insurance market that has seen significant technology-driven disruption attempts over the past decade.
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