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Insurify - Wikipedia

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.infobox-full-data:not(.notheme)>div:not(.notheme)[style]{background:#1f1f23!important;color:#f8f9fa}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .infobox-full-data:not(.notheme) div:not(.notheme){background:#1f1f23!important;color:#f8f9fa}}@media(min-width:640px){body.skin--responsive .mw-parser-output .infobox-table{display:table!important}body.skin--responsive .mw-parser-output .infobox-table>caption{display:table-caption!important}body.skin--responsive .mw-parser-output .infobox-table>tbody{display:table-row-group}body.skin--responsive .mw-parser-output .infobox-table tr{display:table-row!important}body.skin--responsive .mw-parser-output .infobox-table th,body.skin--responsive .mw-parser-output .infobox-table td{padding-left:inherit;padding-right:inherit}}</style><style data-mw-deduplicate="TemplateStyles:r1242257876">.mw-parser-output .ib-company .infobox-label{padding-right:0.5em}.mw-parser-output .ib-company .infobox-data,.mw-parser-output .ib-company .infobox-below{line-height:1.35em}.mw-parser-output .ib-company-logo img{background-color:#f8f9fa}.mw-parser-output .ib-company-locality,.mw-parser-output .ib-company-country{display:inline}</style><table class="infobox ib-company vcard"><caption class="infobox-title fn org">Insurify</caption><tbody><tr><td colspan="2" class="infobox-image ib-company-logo logo"><span class="mw-default-size" typeof="mw:File/Frameless"><a href="/wiki/File:Insurify_Logo.png" class="mw-file-description"><img alt="Insurify" src="//upload.wikimedia.org/wikipedia/commons/thumb/e/e1/Insurify_Logo.png/220px-Insurify_Logo.png" decoding="async" width="220" height="91" class="mw-file-element" srcset="//upload.wikimedia.org/wikipedia/commons/e/e1/Insurify_Logo.png 1.5x" data-file-width="320" data-file-height="132" /></a></span></td></tr><tr><th scope="row" class="infobox-label">Formerly</th><td class="infobox-data nickname">Ensurify</td></tr><tr><th scope="row" class="infobox-label">Company type</th><td class="infobox-data category"><a href="/wiki/Privately_held_company" title="Privately held company">Private</a></td></tr><tr><th scope="row" class="infobox-label">Industry</th><td class="infobox-data category"><a href="/wiki/Insurance" title="Insurance">Insurance</a>, <a href="/wiki/Comparison_shopping_website" title="Comparison shopping website">comparison insurance website</a></td></tr><tr><th scope="row" class="infobox-label">Founded</th><td class="infobox-data">2013<span class="noprint">&#59;&#32;11&#160;years ago</span><span style="display:none">&#160;(<span class="bday dtstart published updated">2013</span>)</span>, <a href="/wiki/Cambridge,_Massachusetts" title="Cambridge, Massachusetts">Cambridge</a>, <a href="/wiki/Massachusetts" title="Massachusetts">Massachusetts</a>, United States</td></tr><tr><th scope="row" class="infobox-label">Founder</th><td class="infobox-data agent">Snejina Zacharia, Giorgos Zacharia, Tod Kiryazov</td></tr><tr><th scope="row" class="infobox-label">Headquarters</th><td class="infobox-data adr"><div class="ib-company-locality locality"><a href="/wiki/Cambridge,_Massachusetts" title="Cambridge, Massachusetts">Cambridge, Massachusetts</a></div>, <div class="ib-company-country country-name">United States</div></td></tr><tr><th scope="row" class="infobox-label"><div style="display: inline-block; line-height: 1.2em; padding: .1em 0;">Key people</div></th><td class="infobox-data agent">Snejina Zacharia (CEO)</td></tr><tr><th scope="row" class="infobox-label">Website</th><td class="infobox-data"><span class="url"><a rel="nofollow" class="external text" href="http://insurify.com">insurify<wbr />.com</a></span></td></tr></tbody></table> <p><b>Insurify</b> is an American insurance <a href="/wiki/Comparison_shopping_website" title="Comparison shopping website">comparison shopping website</a> headquartered in <a href="/wiki/Cambridge,_Massachusetts" title="Cambridge, Massachusetts">Cambridge, Massachusetts</a>. Partnering with insurance companies like Nationwide, Farmers, and Liberty Mutual, Insurify is licensed and operating in all 50 states.<sup id="cite_ref-insurancejournal.com_1-0" class="reference"><a href="#cite_note-insurancejournal.com-1"><span class="cite-bracket">&#91;</span>1<span class="cite-bracket">&#93;</span></a></sup> The platform has collected more than 100,000 reviews from customers.<sup id="cite_ref-insurancejournal.com_1-1" class="reference"><a href="#cite_note-insurancejournal.com-1"><span class="cite-bracket">&#91;</span>1<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="History">History</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Insurify&amp;action=edit&amp;section=1" title="Edit section: History"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Insurify was founded in 2013 by Snejina Zacharia, <a href="/wiki/MIT_Sloan_School_of_Management" title="MIT Sloan School of Management">MIT Sloan</a> fellow and Giorgos Zacharia, President of <a href="/wiki/Kayak.com" class="mw-redirect" title="Kayak.com">Kayak.com</a> <a href="/wiki/Metasearch_engine" title="Metasearch engine">metasearch engine</a><sup id="cite_ref-boston_2-0" class="reference"><a href="#cite_note-boston-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup> and Tod Kiryazov, CPO, MBA. </p><p>In January 2015, the company secured $2M of funding in a seed round led by Rationalwave Capital Partners and other angel investors.<sup id="cite_ref-3" class="reference"><a href="#cite_note-3"><span class="cite-bracket">&#91;</span>3<span class="cite-bracket">&#93;</span></a></sup> The funding was used to officially launch its marketplace website.<sup id="cite_ref-4" class="reference"><a href="#cite_note-4"><span class="cite-bracket">&#91;</span>4<span class="cite-bracket">&#93;</span></a></sup> </p><p>Insurify started offering its online insurance quote comparison marketplace publicly in July 2015 in <a href="/wiki/Texas" title="Texas">Texas</a>, <a href="/wiki/California" title="California">California</a>, and <a href="/wiki/Florida" title="Florida">Florida</a>. The company established relationships with auto insurance carriers and auto insurance brokers that allowed them to provide personalized insurance quotes based on a user's profile, vehicle, and driving history. By January 2016, Insurify had expanded coverage to 30 states.<sup id="cite_ref-5" class="reference"><a href="#cite_note-5"><span class="cite-bracket">&#91;</span>5<span class="cite-bracket">&#93;</span></a></sup> The website lets users type in their zip code, answer questions about their car(s) and driving record and compare auto insurance quotes from major insurance carriers<sup id="cite_ref-6" class="reference"><a href="#cite_note-6"><span class="cite-bracket">&#91;</span>6<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-7" class="reference"><a href="#cite_note-7"><span class="cite-bracket">&#91;</span>7<span class="cite-bracket">&#93;</span></a></sup> including <a href="/wiki/Liberty_Mutual" title="Liberty Mutual">Liberty Mutual</a>, <a href="/wiki/Metlife" class="mw-redirect" title="Metlife">Metlife</a>,<sup id="cite_ref-vb_8-0" class="reference"><a href="#cite_note-vb-8"><span class="cite-bracket">&#91;</span>8<span class="cite-bracket">&#93;</span></a></sup> <a href="/wiki/The_Travelers_Companies" title="The Travelers Companies">The Travelers Companies</a>, <a href="/wiki/Safeco" title="Safeco">Safeco</a>, <a href="/wiki/The_General_(insurance)" title="The General (insurance)">The General</a> and <a href="/wiki/Nationwide_Mutual_Insurance_Company" title="Nationwide Mutual Insurance Company">Nationwide Mutual Insurance Company</a>.<sup id="cite_ref-boston_2-1" class="reference"><a href="#cite_note-boston-2"><span class="cite-bracket">&#91;</span>2<span class="cite-bracket">&#93;</span></a></sup> Insurify is officially accredited and operates in all 50 states.<sup id="cite_ref-insurancejournal.com_1-2" class="reference"><a href="#cite_note-insurancejournal.com-1"><span class="cite-bracket">&#91;</span>1<span class="cite-bracket">&#93;</span></a></sup> </p><p>In October 2016, Insurify raised $4.6M of funding in a seed round, led by MassMutual Ventures and Nationwide Ventures<sup id="cite_ref-vb_8-1" class="reference"><a href="#cite_note-vb-8"><span class="cite-bracket">&#91;</span>8<span class="cite-bracket">&#93;</span></a></sup> and also launched a <a href="/wiki/Facebook_Messenger_chatbots" class="mw-redirect" title="Facebook Messenger chatbots">Facebook Messenger chat</a> bot, which allows users to compare and buy insurance directly from <a href="/wiki/Facebook_Messenger" class="mw-redirect" title="Facebook Messenger">Facebook Messenger</a>.<sup id="cite_ref-9" class="reference"><a href="#cite_note-9"><span class="cite-bracket">&#91;</span>9<span class="cite-bracket">&#93;</span></a></sup><sup id="cite_ref-10" class="reference"><a href="#cite_note-10"><span class="cite-bracket">&#91;</span>10<span class="cite-bracket">&#93;</span></a></sup> </p><p>In January 2020, Insurify announced it raised $23M in Series A funding, led by MTech Capital and Viola FinTech, with support from Hearst Ventures, MassMutual Ventures, and Nationwide.<sup id="cite_ref-11" class="reference"><a href="#cite_note-11"><span class="cite-bracket">&#91;</span>11<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="Operations">Operations</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Insurify&amp;action=edit&amp;section=2" title="Edit section: Operations"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <p>Insurify is an auto and home insurance <a href="/wiki/Comparison_shopping_website" title="Comparison shopping website">comparison insurance website</a> that uses predictive modeling in order to make shopping for car insurance easier. Insurify is the operator of Evia (Expert Virtual Insurance Agent), which allows users to search for car insurance by <a href="/wiki/Text_messaging" title="Text messaging">texting</a> a photo of their license plate. The company invented RateRank, a proprietary software that matches each driver's profile and risk levels to the best insurance carrier and coverage.<sup id="cite_ref-12" class="reference"><a href="#cite_note-12"><span class="cite-bracket">&#91;</span>12<span class="cite-bracket">&#93;</span></a></sup> </p> <div class="mw-heading mw-heading2"><h2 id="References">References</h2><span class="mw-editsection"><span class="mw-editsection-bracket">[</span><a href="/w/index.php?title=Insurify&amp;action=edit&amp;section=3" title="Edit section: References"><span>edit</span></a><span class="mw-editsection-bracket">]</span></span></div> <style data-mw-deduplicate="TemplateStyles:r1239543626">.mw-parser-output .reflist{margin-bottom:0.5em;list-style-type:decimal}@media screen{.mw-parser-output .reflist{font-size:90%}}.mw-parser-output .reflist .references{font-size:100%;margin-bottom:0;list-style-type:inherit}.mw-parser-output .reflist-columns-2{column-width:30em}.mw-parser-output .reflist-columns-3{column-width:25em}.mw-parser-output .reflist-columns{margin-top:0.3em}.mw-parser-output .reflist-columns ol{margin-top:0}.mw-parser-output .reflist-columns li{page-break-inside:avoid;break-inside:avoid-column}.mw-parser-output .reflist-upper-alpha{list-style-type:upper-alpha}.mw-parser-output .reflist-upper-roman{list-style-type:upper-roman}.mw-parser-output .reflist-lower-alpha{list-style-type:lower-alpha}.mw-parser-output .reflist-lower-greek{list-style-type:lower-greek}.mw-parser-output .reflist-lower-roman{list-style-type:lower-roman}</style><div class="reflist"> <div class="mw-references-wrap mw-references-columns"><ol class="references"> <li id="cite_note-insurancejournal.com-1"><span class="mw-cite-backlink">^ <a href="#cite_ref-insurancejournal.com_1-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-insurancejournal.com_1-1"><sup><i><b>b</b></i></sup></a> <a href="#cite_ref-insurancejournal.com_1-2"><sup><i><b>c</b></i></sup></a></span> <span class="reference-text"><style data-mw-deduplicate="TemplateStyles:r1238218222">.mw-parser-output cite.citation{font-style:inherit;word-wrap:break-word}.mw-parser-output .citation q{quotes:"\"""\"""'""'"}.mw-parser-output .citation:target{background-color:rgba(0,127,255,0.133)}.mw-parser-output .id-lock-free.id-lock-free a{background:url("//upload.wikimedia.org/wikipedia/commons/6/65/Lock-green.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-limited.id-lock-limited a,.mw-parser-output .id-lock-registration.id-lock-registration a{background:url("//upload.wikimedia.org/wikipedia/commons/d/d6/Lock-gray-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .id-lock-subscription.id-lock-subscription a{background:url("//upload.wikimedia.org/wikipedia/commons/a/aa/Lock-red-alt-2.svg")right 0.1em center/9px no-repeat}.mw-parser-output .cs1-ws-icon a{background:url("//upload.wikimedia.org/wikipedia/commons/4/4c/Wikisource-logo.svg")right 0.1em center/12px no-repeat}body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-free a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-limited a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-registration a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .id-lock-subscription a,body:not(.skin-timeless):not(.skin-minerva) .mw-parser-output .cs1-ws-icon a{background-size:contain;padding:0 1em 0 0}.mw-parser-output .cs1-code{color:inherit;background:inherit;border:none;padding:inherit}.mw-parser-output .cs1-hidden-error{display:none;color:var(--color-error,#d33)}.mw-parser-output .cs1-visible-error{color:var(--color-error,#d33)}.mw-parser-output .cs1-maint{display:none;color:#085;margin-left:0.3em}.mw-parser-output .cs1-kern-left{padding-left:0.2em}.mw-parser-output .cs1-kern-right{padding-right:0.2em}.mw-parser-output .citation .mw-selflink{font-weight:inherit}@media screen{.mw-parser-output .cs1-format{font-size:95%}html.skin-theme-clientpref-night .mw-parser-output .cs1-maint{color:#18911f}}@media screen and (prefers-color-scheme:dark){html.skin-theme-clientpref-os .mw-parser-output .cs1-maint{color:#18911f}}</style><cite class="citation web cs1"><a rel="nofollow" class="external text" href="https://www.insurancejournal.com/news/national/2020/01/16/555098.htm">"Virtual Auto Insurance Agency Insurify Raises $23M; Will Expand Into Home, Renters, Life"</a>. <i>Insurance Journal</i>. 2020-01-16<span class="reference-accessdate">. Retrieved <span class="nowrap">2021-02-03</span></span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=Insurance+Journal&amp;rft.atitle=Virtual+Auto+Insurance+Agency+Insurify+Raises+%2423M%3B+Will+Expand+Into+Home%2C+Renters%2C+Life&amp;rft.date=2020-01-16&amp;rft_id=https%3A%2F%2Fwww.insurancejournal.com%2Fnews%2Fnational%2F2020%2F01%2F16%2F555098.htm&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AInsurify" class="Z3988"></span></span> </li> <li id="cite_note-boston-2"><span class="mw-cite-backlink">^ <a href="#cite_ref-boston_2-0"><sup><i><b>a</b></i></sup></a> <a href="#cite_ref-boston_2-1"><sup><i><b>b</b></i></sup></a></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFLandry2016" class="citation news cs1">Landry, Lauren (28 January 2016). <a rel="nofollow" class="external text" href="https://web.archive.org/web/20160316152114/http://www.bostonmagazine.com/news/blog/2016/01/28/insurify-car-insurance-comparison-tool/">"Insurify Launches to Take the Hassle Out of Comparing Car Insurance Quotes"</a>. <i><a href="/wiki/Boston_(magazine)" title="Boston (magazine)">Boston Magazine</a></i>. Archived from <a rel="nofollow" class="external text" href="http://www.bostonmagazine.com/news/blog/2016/01/28/insurify-car-insurance-comparison-tool/">the original</a> on 16 March 2016<span class="reference-accessdate">. Retrieved <span class="nowrap">30 March</span> 2016</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=article&amp;rft.jtitle=Boston+Magazine&amp;rft.atitle=Insurify+Launches+to+Take+the+Hassle+Out+of+Comparing+Car+Insurance+Quotes&amp;rft.date=2016-01-28&amp;rft.aulast=Landry&amp;rft.aufirst=Lauren&amp;rft_id=http%3A%2F%2Fwww.bostonmagazine.com%2Fnews%2Fblog%2F2016%2F01%2F28%2Finsurify-car-insurance-comparison-tool%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AInsurify" class="Z3988"></span></span> </li> <li id="cite_note-3"><span class="mw-cite-backlink"><b><a href="#cite_ref-3">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFKolodny2016" class="citation news cs1">Kolodny, Lora (28 January 2016). <a rel="nofollow" class="external text" href="http://blogs.wsj.com/venturecapital/2016/01/28/insurify-raises-2-million-for-virtual-insurance-agent/">"Insurify Raises $2 Million for Virtual Insurance Agent"</a>. <i><a href="/wiki/The_Wall_Street_Journal" title="The Wall Street Journal">The Wall Street Journal</a></i><span class="reference-accessdate">. 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Retrieved <span class="nowrap">9 October</span> 2017</span>.</cite><span title="ctx_ver=Z39.88-2004&amp;rft_val_fmt=info%3Aofi%2Ffmt%3Akev%3Amtx%3Ajournal&amp;rft.genre=unknown&amp;rft.jtitle=TechCrunch&amp;rft.atitle=MIT+Spinout+Insurify+Raises+%242+Million+To+Replace+Human+Insurance+Agents+With+A+Robot&amp;rft.aulast=Buhr&amp;rft.aufirst=Sarah&amp;rft_id=https%3A%2F%2Ftechcrunch.com%2F2016%2F01%2F28%2Fmit-spinout-insurify-raises-2-million-to-replace-human-insurance-agents-with-a-robot%2F&amp;rfr_id=info%3Asid%2Fen.wikipedia.org%3AInsurify" class="Z3988"></span></span> </li> <li id="cite_note-5"><span class="mw-cite-backlink"><b><a href="#cite_ref-5">^</a></b></span> <span class="reference-text"><link rel="mw-deduplicated-inline-style" href="mw-data:TemplateStyles:r1238218222"><cite id="CITEREFHockenson2016" class="citation web cs1">Hockenson, Lauren (28 January 2016). <a rel="nofollow" class="external text" href="https://thenextweb.com/apps/2016/01/28/can-ai-find-you-the-best-car-insurance-deal-insurify-thinks-so/#.tnw_PgKguT4I">"Can AI find you the best car insurance deal? 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