AgentSync: Powering growth across the insurance industry

Announced as a new unicorn we take a look at AgentSync, which powers rapid growth for insurance carriers, agencies, and MGAs

AgentSync is a company building technology to power growth across the insurance industry.

Founded in 2018 by Niranjan "Niji" Sabharwal and Jenn Knight and headquartered in Denver, CO, AgentSync was named one of Forbes Magazine's Cloud 100 Rising Stars in 2020 and an Insurtech Insights Future 50 winner.

AgentSync was built on the belief that technology and innovation will unlock growth and scale within the insurance industry and today more than 100 customers trust and rely on the company for distribution channel growth, producer management, and compliance. 

Customers cover all lines of insurance and span startup insurtechs to industry incumbents, including 15 public companies. Customers include Tokio Marine, GPM Life, Newfront, Baldwin Risk Partners, HUB, Beam Dental, and Rippling.

 

Driving value for customers 

Most recently the company has announced a $75 million Series B at a $1.2 billion valuation, making AgentSync the only unicorn building infrastructure specifically designed to make the $1.3T US insurance industry run more efficiently.

Solidifying its position as the centralised platform for all-things producer management with AgentSync Manage, the company launched and acquired several new products in 2021. This includes AutoPilot, a service for rapidly scaling agencies and carriers that pairs the Manage platform with AgentSync's team of experts to handle licensing and compliance for high-growth carriers and agencies, and the acquisition of Finvera, a broker identity management platform.

"The measure of success for every company is the value that it drives for its customers. In our case, the partnership with our customers drives innovation at a deep level for both their business operations and for the broader broker ecosystem," said Niji Sabharwal, co-founder and CEO of AgentSync.
 

Expanding the team to match company growth

With the new funds, AgentSync will continue to invest in product development, adding enhanced capabilities to its best-in-industry producer management platform and expanding its suite of solutions for agencies, MGAs, carriers, and the more than 1.2 million Americans working in insurance distribution. 

To support the company's rapid growth, the team will double, ending 2022 at approximately 200. The company will focus on hiring in the Denver market where the company is headquartered, with some remote team members. Since founding the company, Chief Technology Officer and Co-founder Jenn Knight has worked hard to build a majority-women product and engineering team and will continue to prioritise this goal.

 

Share

Featured Articles

Allianz Announces Partnership With Clearspeed

Emerging scams like moped fraud and shallow fakes pose new challenges to insurers, so more sophisticated detection systems are crucial

Milliman Arius: Reserve Analysis with an End-to-End Solution

Insurers face risks and errors with current reserve analysis methods – and Arius provides the answer

Allstate: BCG Partner Harnesses Gen AI to Transform CX

Allstate and BCG are harnessing Gen AI via a new model to better understand customer needs and improve overall experiences within the insurance sector

Comarch Diagnostic Point: Next Gen European Health Insurance

Insurtech

MoneyLIVE Summit 2024: Qover Talks Embedded Insurance

Insurtech

Ansel raises US$20m to combat financial healthcare barriers

Partner Ecosystems