Aug. 12, 2020Branch’s reciprocal exchange goes live in Ohio12 August 2020 Branch’s new reciprocal exchange has begun to write business in the insurtech’s home state of Ohio with the company now in the process of securing licenses to operate elsewhere in the US, The Insurer can reveal.
Jul. 24, 2020Branch founders: Insurance should be 'communal force for good'Here's how Steve Lekas and Joe Emison went from repeat client and vendor to co-founders of Columbus' latest digital insurance startup.
Jul. 22, 2020Rapid-quoting insurance startup raises $24M roundColumbus-based Branch Insurance is ready to expand nationally. Branch has closed a $24 million Series A funding round, enabling it to take its rapid underwriting and quoting technology nationwide.
Jul. 22, 2020With new funding, Branch Insurance has sights set on nationwide expansionBranch Insurance, based in Columbus, has secured $24 million in funding to help take its rapid underwriting and quoting technology nationwide. Investors praised its CEO and his innovative business practices.
Apr. 20, 2020Insurtech Startup Branch to Aid Auto Insurance Clients with Community Giveback ProgramColumbus-based startup Branch announced they are giving back 15% of monthly insurance premiums to auto policyholders in response to the current health crisis. This compassionate initiative recognizes clients' reduced driving due to shelter in place orders in effect and works to ease the financial burden many are facing across the country.
Aug. 6, 2020Branch’s BIX closer to launch after regulatory registration and Demotech ratingHome and auto insurtech Branch has moved a step closer to writing business on its reciprocal exchange after the platform was registered with regulators in its home state of Ohio and received a financial strength rating from Demotech.
Jul. 22, 2020Insurance Startup Branch Secures $24 Million Series A FundingBranch Financial, Inc., a Columbus, Ohio-based insurance startup providing personal auto, homeowners, rental and umbrella insurance products direct to consumers, has closed a $24 million Series A funding round.
Jul. 22, 2020Branch, an MGA InsurTech, Plans Switch to Reciprocal Exchange After Raising $24MBranch, an InsurTech startup focused on bundling digital home and auto insurance, is eying national expansion through 2021 after nailing down $24 million in new financing. The MGA also plans to add a reciprocal exchange to its business plan.
Jun. 22, 2020Branch launches My Community Discount program in MissouriBranch announced it launched the My Community Discount program in Missouri, in addition to lowering auto rates statewide by approximately 20%. The program enables clients to save on their insurance premiums by inviting friends and family to quote with and join the Branch community. The My Community Discount program allows clients to invite friends to quote with Branch through a personalized link. When friends quote, both clients and friends receive Amazon gift cards and when a friend joins the Branch community, clients and their friends receive premium discounts up to 50% off their insurance. “Branch is built on the idea that insurance should be less expensive and the innovative My Community Discount allows Branch’s clients – its Community – to hang onto their hard earned dollars rather than spend it on premiums that support insurance company advertising,” said Cofounder and CEO Steve Lekas. “It’s another way Branch uses technology and community to help our clients save.”
May. 7, 2020These cutting-edge insurance startups are giving back to communitiesBranch, founded in 2017, offers auto, renters and homeowners insurance with a vision to “leverage the dual powers of technology and community.” “Branch’s mission is to make insurance less expensive, allowing more of us to be insured, which benefits everyone,” says Branch Co-founder and CEO, Steve Lekas. SafetyNest program Instead of putting your premiums toward a third-party nonprofit, Branch contributes a portion of premiums to its affiliate organization called SafetyNest, currently pending 501(c)(3) status. “If someone has suffered financial loss because of an incident where they didn’t have any or enough insurance, they may qualify for the SafetyNest program,” Charlie Wendland, Branch’s Head of Claims, explains.