Category Archives: Business: Insurance

Press Releases from the Insurance world, What’s new, Popular, Trending and News Worthy. In the ever changing industry of Insurance.

Rogers & Hollands | Ashcroft & Oak and Clean Origin delight eCommerce customers with Zillion


Zillion's 1-Click Insurance for eCommerce

Zillion’s 1-Click Insurance for eCommerce

“We have a like-minded approach to change the way guests experience shopping online, and the full attention to the guest experience is the right focus.”

Rogers & Hollands | Ashcroft & Oak, and Clean Origin, one of the nation’s premier sellers of lab grown diamonds, have partnered with leading insurtech, Zillion, for the benefit of their online guests. Now, Rogers & Hollands | Ashcroft & Oak and Clean Origin customers can easily protect their eCommerce jewelry purchases with 1-Click directly within the eCommerce shopping cart. There are no burdensome forms, applications, or upfront payments required – It’s the modern, consumer friendly approach that shopper’s demand in today’s online experience – and all made possible by Zillion’s Magento eCommerce plug-in.

Rogers & Hollands | Ashcroft & Oak and Clean Origin have recognized the shift in consumer buying habits and the need to provide additional services with ease and distinction.

“A simple and flawless experience is essential for online shopping,” remarked Brent Stern, Rogers & Hollands | Ashcroft & Oak VP of Business Development. “Zillion’s 1-Click immediate insurance for eCommerce purchases fits perfectly with our strategy.”

Brandon Cook, Director of Marketing at Clean Origin agrees: “We have a like-minded approach to change the way guests experience shopping online, and the full attention to the guest experience is the right focus. It’s an easy way to extend service value in our shopping cart while providing retailer differentiation.”

More and more retailers are embracing eCommerce and omni channel distribution, and offering value-added benefits to the shopping experience increases a consumer’s online engagement. Zillion has reinvented the traditional insurance process by offering immediate protection for consumer purchases – no other insurer does that. The fact that it’s a 1-Click consumer experience with no payment in the shopping cart is a wonderful business tool that immediately differentiates a retailer from competitors. With Zillion, retailers are offering an easy “Protect Now and Decide Later” benefit delighting a generation of customers with huge buying power.

About Zillion

Zillion (myzillion.com) is an InsurTech company reinventing personal jewelry insurance by providing 1-click insurance at point of sale, in seconds, right from a smartphone or eCommerce cart. In partnership with leading point of sale and eCommerce solutions, Zillion’s technology platform helps jewelers increase their service value to customers by enabling immediate insurance protection. Customers can now “wear their jewelry with confidence” knowing they are protected. Zillion’s insurance customers are backed by insurance giant AXA XL, rated A+ Superior by A.M. Best.

Share article on social media or email:

Top Safety Devices That Can Help Drivers Pay Less on Their Car Insurance Premiums


News Image

“Drivers that install safety devices in their vehicles will pay lower insurance rates. However, before installing any safety devices, drivers should call their insurers to check what devices are approved.” said Russell Rabichev, Marketing Director of Internet Marketing Company.

Compare-autoinsurance.org has launched a new blog post that presents several safety devices that will help drivers obtain cheaper car insurance rates.

For more info and free quotes, please visit https://compare-autoinsurance.org/safety-devices-that-lower-car-insurance-rates/

Drivers that are looking to purchase car insurance, should ensure that they will get a policy that offers lots of protection for a small price. Although for many this sounds hard to achieve, there are several methods to obtain lower premiums. For example, drivers that install several safety devices in their vehicles will pay less on their insurance.

Drivers can save car insurance money with the help of the next safety devices:


  • Rear-view cameras. Drivers that install a rear-view camera on their vehicles will be able to watch on a monitor how they back up and see if there are any obstacles behind the vehicle.
  • GPS systems. Usually, a GPS system is used to guide people to go from one location to another. However, these systems can work a little differently. Many drivers are using GPS tracking systems. These tracking devices are installed in hidden locations so that the thieves will have a hard time finding them. With the help of these systems, car owners will always know where are their vehicles. If a car fitted with such a device gets stolen, then the authorities will have no trouble recovering the vehicle. For this reason, the insurers will offer a generous discount to drivers that have GPS-based tracking systems in their vehicles.
  • Anti-theft devices. There are many aftermarket anti-theft devices that drivers can install in their vehicles. Kill switches, alarm systems, armored collars, and other anti-theft devices can help drivers pay lower insurance rates.
  • Airbags. Although airbags are a standard feature for all new vehicles, some older vehicles are not equipped with airbags. Drivers should ensure that their cars have airbags installed in order to take advantage of a discount.

For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.org/

Compare-autoinsurance.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

Share article on social media or email:

Capstone Strategic Guides Security Service Insurance on Acquisition of Pace Insurance Managers


Capstone Strategic

“We are thrilled to continue to help Security Service Insurance grow through strategic acquisitions. With the acquisition of Pace Insurance, Security Service will enhance its member solution set while accelerating growth,” said John Dearing, Partner at Capstone.

Capstone Strategic, Inc. (Capstone) announced today that Security Service Insurance, a subsidiary of Security Service Federal Credit Union, headquartered in San Antonio, Texas, has acquired Pace Insurance Mangers. Pace, a 62-year-old agency, provides full-service insurance coverage to the forest products industry in Northern Louisiana.

Security Service Insurance provides commercial and personal insurance to members and the general public in Texas, Utah, and Colorado. The business is Security Service Federal Credit Union’s wholly owned insurance credit union service organization (CUSO). Founded in 1956, Security Service Federal Credit Union is one of the nation’s largest credit unions with more than $9.8 billion in assets and more than 803 thousand members.

“Capstone proved to be of great value in this transaction, as the entire team worked to establish in-depth understanding of our position and how this acquisition would meet our objectives. John Dearing’s skilled negotiations with the sellers’ representatives smoothed the process greatly,” said Jim Chapman, Senior Vice President at Security Service Insurance.

Serving as a third-party M&A advisor, Capstone guided Security Service as they prioritized a robust pipeline of acquisition prospects while facilitating owner meetings. “We are thrilled to continue to help Security Service Insurance grow through strategic acquisitions. With the acquisition of Pace Insurance, Security Service will enhance its member solution set while accelerating growth. We have enjoyed our partnership with Security Service’s team and are looking forward to playing a role in the next proactive expansion chapter,” said John Dearing, Partner at Capstone.

About Capstone Strategic, Inc.

Capstone Strategic, Inc. is a consulting firm located outside of Washington DC specializing in proactive, external growth strategies, primarily mergers and acquisitions for the middle market and the credit union community. Founded in 1995 by CEO David Braun, Capstone has facilitated over $1 billion of successful transactions in a wide variety of manufacturing and service industries. Capstone utilizes a proprietary process, “The Roadmap to Acquisitions,” to provide tailored services to clients in both North America and globally. Please visit Capstone’s website for more information: http://www.CapstoneStrategic.com.

Share article on social media or email:

Kin Insurance Achieves $100 Million Premium Run Rate in 1.75 Years


News Image

Our rapid growth shows how eager customers are for an insurance company built for the modern world, not the world as it was 100 years ago.

Kin Insurance, the insurance technology company transforming home insurance through intuitive tech and affordable pricing, today announced that it surpassed $100 million in annual recurring premium after just 21 months as a carrier, a feat accomplished with only $52 million in equity funding.

On average, even the fastest growing tech companies require six years to scale from $1 million to $100 million in annual recurring revenue, according to the 2021 State of the Cloud report from Bessemer Venture Partners. Kin started its reciprocal exchange insurance carrier in July 2019, taking only a year and three quarters to reach this significant milestone – or about 70 percent faster than expected based on that benchmark.

Kin reached $25 million in annual recurring premium in March 2020, and grew to $100 million only a year later, quadrupling year over year.

Kin’s rapid rise is particularly noteworthy given that it’s the only direct-to-consumer, homeowners-focused insurance tech company. Homeowners insurance is still 93 percent sold through brick-and-mortar agencies.

“The world is changing fast: technology, consumer preferences, demographics, even the weather,” Kin Co-Founder and CEO Sean Harper said. “Our rapid growth shows how eager customers are for an insurance company built for the modern world, not the world as it was 100 years ago.”

With a technology-first approach to homeowners insurance, Kin has made coverage accessible and affordable even for homes at risk for extreme weather. Previously homeowners in regions most impacted by climate change had to rely on legacy providers with outdated risk models that dramatically increased rates or denied coverage altogether.

Kin is currently available in California, Florida and Louisiana, which make up 21 percent of the home insurance market, and plans to expand nationally before the year’s end.

About Kin:

Kin is the home insurance company built for the future. By leveraging thousands of property data points, Kin customizes coverage and prices through a super simple user experience. Kin offers homeowners, condo, landlord, and mobile home insurance through the Kin Interinsurance Network (KIN), a reciprocal exchange owned by its customers who share in the underwriting profit. Because of its efficient technology and direct-to-consumer model, Kin provides exceptionally low prices without compromising coverage. To learn more, visit http://www.kin.com.

Share article on social media or email:

A Product by Agency Height


News Image

Become a part of Insurance Agent Directory

A hassle-free solution-oriented platform that matches agents with potential clients.

Agency Height is proud to announce the launch of its long-awaited Agent Directory. The platform is an innovative one-stop solution for agents and potential clients to find each other using a hassle-free process.

With the launch of this online directory, Agency Height will bridge the gap between insurance agents and their clients by providing a seamless and easily accessible collective hub designed for both parties.

Agents are provided access to a vast untapped resource of new clients. They are able to strengthen their online presence through a free membership program. And they will be able to leave a more substantial digital footprint, resulting in additional reviews and ratings to improve credibility in their locality.

Independent insurance agents can also benefit from the directory’s ranking system. As the agents claim listings, they can improve their rank, resulting in more publicity and boosting career growth. With a free membership program, claiming a listing is easy.

Customers looking for quality, affordable insurance policies will benefit from our one-of-a-kind algorithm. It allows users to search for experienced agents within a 50-mile radius by entering keywords and location data.

With a free membership program, Agency Height aims to bring together a community of clients and agents in the easiest way possible. The directory will be available for all independent insurance agents starting 19th April 2020. Find more information at Agency Height.    

About the Company: Agency Height is an online insurance publisher for independent insurance agents offering insight and information about the industry. The company aims to build an extensive platform for agents and help them seize bigger opportunities.

Share article on social media or email:

Tom Blomberg Joins Coterie Advisors Executive Sales Team


We are excited to announce that Tom Blomberg is joining Coterie and will add a highly-talented and experienced executive to our team.

Coterie Advisory Group Inc., whose founding partners include some of the original founders of Star HRG (Starbridge®) and Ternian® Insurance Group, have announced that Thomas Blomberg, formerly of BCS Insurance Company® and more recently of Innovative Health Insurance Advisors, will be joining Coterie Advisor’s business development team as: Senior Vice President of National Sales.

Tom will leverage his industry experience and relationships to partner with employee benefits Brokers and Consultants to focus on Coterie Advisor’s Fundamental Care® product set. Their Limited-Benefit Indemnity Plans allow employers to offer affordable and unique health insurance options for their uninsured, part-time, and hourly workers which provides coverage for basic medical expenses. It complements Coterie Advisor’s flagship product, their level-funded Limited Day Health Plan, which offers near-comprehensive coverage at 30-40% less than the cost of traditional high-deductible health plans. With their combined product offerings, Coterie Advisors delivers an Affordability-Based Medical Plan strategy that is unique to the marketplace.

Aaron Cook, President of Coterie Advisors said, “We are excited to announce that Tom Blomberg is joining Coterie and will add a highly-talented and experienced executive to our team. Similar to the principals of Coterie, Tom has spent his career dedicated to offering unique medical solutions to underserved employees of some of the largest service industry employers in the nation.” Cook added, “Tom brings to Coterie his experience, industry knowledge, and reputation that will drive business development for Fundamental Care and continue our success in the future.”

The affordability void in healthcare continues to be a major issue in the United States. With over 28 Million uninsured and 70% of workers living paycheck to paycheck, Coterie Advisors continues to design and develop solutions that meet the needs of the underserved. Fundamental Care provides access to unique and affordable insurance benefits on a guarantee issue basis. Limited Day and Limited Benefit Indemnity plans can be customized and structured with affordable premiums and no deductibles. The plans are high in potential coverage and include upfront, day-one benefits – healthcare employees can actually use. Both plans meet the employer’s ACA mandated requirement for offering Minimum Essential Coverage and Coterie Advisors can also provide Minimum Value Plan (MVP) options for client’s needing a solution for their full-time equivalent employees.

Through Coterie Advisor’s Affordability-Based Medical Plan Strategy, the plans not only provide needed healthcare to the insured employees but also offer companies a strategy to improve recruiting and reduce turnover by rewarding a carve-out class or more-tenured employees. For more information, please contact your employee benefits broker or visit https://www.fundamentalcare.com or https://www.coterieadvisors.com.

ABOUT COTERIE ADVISORS:

Coterie Advisory Group, Inc. is an Arizona-based, insurance program manager and consultative advisor who delivers Affordability-Based Medical Plan Strategies to help benefit brokers, employers, and associations in the benefits industry. Since 1990, the founding partners of Coterie Advisors have specialized in Affordability-Based Medical Plans. They have decades of experience working with some of the nation’s largest service industry employers and understand the unique needs of a variable hour workforce made up of part-time, hourly, and seasonal employees. Their unique and proprietary Affordability-Based Medical Plans (Fundamental Care) include fully-insured limited-benefit indemnity plans and level-funded limited-day plans which solve real-world problems, make a meaningful difference in consumers’ lives, and have a track record of being market-leading and market-changing.

Share article on social media or email:

Loyall Group Expands Insurance Services for Health Practices


An insurance policy should never be the roadblock that holds one up from closing on their dream practice, nor should a banker be worrying about if insurance is going to get done in time.

Today, Loyall Group, a modern insurance firm for those in healthcare, announced they are revolutionizing the way insurance is done for healthcare loans. Loyall’s ambition to remove hindrances in loan closings, caused by delays in approvals, is a reality today through its tech-driven insurance platform. What once used to take weeks and months for insurance approvals, now takes minutes and days. No more having to go to multiple sources to secure all the different types of insurances needed. Loyall Group has created one team for all the insurances needed to close on a loan, making the process seamless.

While COVID brought unprecedented changes to our world, it also brought these significant changes to insurance. Through artificial intelligence, and the use of existing claims data, some life insurance carriers today can make underwriting decisions in five minutes. Loyall Group is leading the charge of expedited approvals, and eliminating delays with collateral assignments, which can be done simultaneously when policies are approved. With rapid changes happening in the landscape of insurance, more and more insurance carriers will enter this space.

For example, disability insurance is one of the most complicated insurance coverages to get approved for. Loyall Group, even though COVID, averaged just 9.5 days to reach an underwriting decision for disability insurance. Through the Loyall Group’s property & casualty division, approvals for business insurance can be done as fast as 20 minutes.

CEO Jennifer Loyall says, “An insurance policy should never be the roadblock that holds one up from closing on their dream practice, nor should a banker be worrying about if insurance is going to get done in time. We free people every day from insurance so they can focus on what matters — closing on the dream practice, not the insurance.”

COO Austin Dial says, “The process of applying for insurance shouldn’t be complicated. Through Loyall’s tech-driven platform, with a few clicks on a smartphone, underwriting begins.”

Significant changes are happening in the landscape of FinTech and banking. Loyall Group tested its insurance platform with Lendeavor, now Provide, in 2020. The platform is designed to be used by any bank and can be customized for each bank’s specific insurance requirements. Loyall offers insurance consulting to banks who want to bring insurance in house.

About Loyall Group: Combining Loyall Group’s 15 years of experience working with veterinarians, orthodontists, dentists, and those in healthcare, with technology, Loyall Group has a created a digital platform — that bankers and borrowers alike — can use on their smartphone and with one click, underwriting can begin.

Share article on social media or email:

Major Car Insurance Mistakes Drivers Should Avoid Doing


News Image

“Everyone makes mistakes. However, when dealing with a car insurance company, drivers should avoid doing costly mistakes”, said Russell Rabichev, Marketing Director of Internet Marketing Company.

Carinsuranceplan.org has launched a new blog post that presents several car insurance mistakes that should be avoided.

For more info and online car insurance quotes, visit https://carinsuranceplan.org/major-car-insurance-mistakes/

For many drivers, car insurance is an expensive investment. Any mistake can be costly and the policyholder can end up wasting hundreds, or even thousands of dollars each year.

Drivers should avoid doing the following major car insurance mistakes:

  • Choosing a high deductible. As long as a driver can afford to pay it, it is good to have a high deductible. Many drivers that want to pay lower car insurance rates are choosing higher deductibles. However, raising the deductible may not make a major difference depending on the policyholder’s driving record and type of vehicle. Drivers that have bad driving records won’t save that much on their premiums if they choose a higher deductible.
  • Sacrificing coverage for lower premiums. There are many insurers that brag they offer the lowest insurance prices. That doesn’t mean they are the best companies or they offer the best services. A cheap policy is not always equal to a quality product. Drivers should ensure they are not purchasing just the minimum required coverage in order to save a few bucks. Drivers who select to carry just the lowest limits required by law, are putting themselves at risk. Drivers are recommended to carry enough coverage to protect the value of their cars and assets.
  • Not buying Uninsured/Underinsured motorist coverage. Uninsured drivers are putting honest drivers at risk every day. In case of an accident, the uninsured driver does not have the liability coverage to pay for the medical bills or property damage coverage to pay for the damage they have done.
  • Not checking the provider. Before purchasing coverage from a company, drivers should check that company’s financial solvency. By doing so, drivers will avoid signing an insurance deal with a company that doesn’t pay reimbursements.

For additional info, money-saving tips and free car insurance quotes, visit https://carinsuranceplan.org/

Carinsuranceplan.org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc.

Share article on social media or email:

NAIFA Invites All Financial Services Professionals to Attend Virtual Congressional Fly-In May 25-26


The Congressional Conference bolsters NAIFA’s prestige among lawmakers and industry partners and enhances the association’s standing as the leading voice for insurance and financial professionals.

The National Association of Insurance and Financial Advisors’ (NAIFA’s) Congressional Congress, May 25-26, will be a virtual event featuring targeted advocacy training with briefings on legislative issues that affect members’ businesses, best practices for conducting congressional meetings, and tips for developing impactful long-term relationships with legislators.

Featured presenters for the May 25 session will include Sen. Tim Scott (R-SC), a former insurance professional prior to his service as a federal lawmaker; Rep. Stephanie Murphy (D-FL), a member of the House Ways and Means Committee; American Council of Life Insurers President and CEO Susan Neely; NAIFA’s Government Relations team; and other influential industry representatives. More information on the schedule is on NAIFA’s web site.

On May 26, attendees will participate in virtual meetings with their members of the Senate and congressional staff. They will discuss legislative issues important to their businesses and clients and tell their stories that show the important work they do providing Main Street USA consumers with opportunities to achieve financial security and prosperity.

“The Congressional Conference is one of NAIFA’s signature events and is crucial to our grassroots advocacy strategy,” said NAIFA CEO Kevin Mayeux, CAE. “The virtual event brings NAIFA members together as a critical mass to advocate on behalf of their businesses, clients, consumers, and the insurance and financial services industry. Virtual meetings, in fact, allow us to offer an even more inclusive event and promote equitable access to advocacy with more agents and advisors able to participate and have a meaningful impact.”

The 2021 Congressional Conference will mark the second year in a row that the event has been held in a virtual setting. Attendance grew last year as more agents and advisors were able to participate from their homes and offices. Unlike last year, this year’s event will feature small group meetings with lawmakers that have become a highlight of past Congressional Conferences.

“COVID-19 and restrictions in place at the U.S. Capitol require us to go 100% virtual this year, but NAIFA members will be meeting with U.S. Senators and will have the same influence as when they meet face-to-face,” said Diane Boyle, NAIFA’s Senior Vice President for Government Relations. “We have even greater influence when we fully activate our grassroots network. It also helps more financial professionals get to know NAIFA and see first-hand the great advocacy work our association is doing to protect their businesses and clients.”

The Congressional Conference bolsters NAIFA’s prestige among lawmakers and industry partners and enhances the association’s standing as the leading voice for insurance and financial professionals. It is crucial for ensuring lawmakers thoroughly understand the important role NAIFA members play in:


  • Providing products, services, and advice that improve the financial security of 90 million American families.
  • Promoting financial literacy and self-sufficiency in diverse communities.
  • Strengthening the U.S. economy and contributing to the financial health of communities in every congressional district.
  • Representing the best interests of their clients and promoting the success of Main Street Americans and businesses.

“The personal stories insurance and financial professionals tell profoundly illustrate how public policies impact their clients,” Mayeux said. “These are stories lawmakers want and need to hear. No one can tell them better than NAIFA members, and the Congressional Conference is our best vehicle for reaching a large, attentive audience of policymakers.”

Registration for NAIFA’s 2021 Virtual Congressional Conference is open online.

ABOUT NAIFA: The National Association of Insurance and Financial Advisors is the preeminent membership association for the multigenerational community of financial professionals in the United States. NAIFA members subscribe to a strong Code of Ethics and represent a full spectrum of financial services practice specialties. They work with families and businesses to help Americans improve financial literacy and achieve financial security. NAIFA provides producers a national community for advocacy, education and networking along with awards, publications and leadership opportunities to allow NAIFA members to differentiate themselves in the marketplace. NAIFA has 53 state and territorial chapters and 35 large metropolitan local chapters. NAIFA members in every congressional district advocate on behalf of producers and consumers at the state, interstate and federal levels.

Share article on social media or email:

Level is Rebuilding Insurance to Help Employers Offer Bigger Benefits for Less


Level not only offers a better experience, but it also offers the potential for significant cost savings. Level’s self-insured dental and vision products let companies offer more coverage to their teams while often cutting nearly 20 percent from their benefits budget.

Level, the technology company that makes financial products for employers, announced $27 million in Series A funding. Khosla Ventures and Lightspeed Venture Partners led the round, along with Operator Collective and leading angels. Previous investors First Round Capital and Homebrew also participated. The funding will help Level accelerate building insurance and benefits products that meet the demands of today’s consumers.

“Insurance is confusing and often feels unfair. Networks restrict where you can go, billing takes weeks, and you always seem to owe more than you expect,” shares Paul Aaron, founder and CEO of Level. “We believe paying with insurance should be as easy as any other purchase. So we’re rebuilding insurance from the ground up—from flexible networks to real-time claims. We’re helping employers and employees get more out of their benefits dollars.”

Level first launched employer-sponsored dental benefits in 2019 and now also offers vision plans. Today, the company serves leading people-centric companies, including Intercom, Udemy, Docker, and KeepTruckin.

Every part of the member experience is seamless—from finding a provider to checkout. With Level, employers can offer their teams:

  • Straightforward plans: Employers can customize plans to offer 100 percent coverage across treatments, which stretches benefit dollars further and eliminates out-of-pocket costs. Members have a benefits balance that they spend and track like cash.
  • Mobile-first experience: Members can manage their plans all with the Level app. That includes finding a provider, getting detailed cost estimates, and tracking benefits spend in real-time.
  • Flexibility to see any provider: Members can see any provider and their visit is covered 100 percent, even out of network. Members can also save with Level’s national network of providers.
  • Fast payments: No more surprise bills weeks later: 88 percent of claims are processed the same day. No more paperwork. Members can “settle up” their bill before they even leave the office.

Level’s full-stack approach extends across the benefits ecosystem of employers, brokers, and providers. The company is building end-to-end tools, from automated underwriting to real-time benefit analytics.

“We actually offer Level to our team here at First Round Capital, and people love it,” shares Rob Hayes, Board Partner. “There’s a certain ‘magic’ when using the Level app and paying with insurance instantly at checkout. It was a similar feeling when opening the Uber app for the first time. The more people experience how simple insurance can be, the more they’ll start to ask for Level from their next employer.”

Level not only offers a better experience, but it also offers the potential for significant cost savings. Level’s self-insured dental and vision products let companies offer more coverage to their teams while often cutting nearly 20 percent from their benefits budget. In a time where employers are taking bigger roles in their team’s wellness, Level is helping them offer more robust benefits for less.

“Employers already spend so much money on benefits, and neither they nor their teams get enough out of it,” said Jana Messerschmidt from Lightspeed Venture Partners. “Businesses of all sizes need to compete for talent with innovative benefits that help people get more from their paychecks. Level offers a far superior employee experience, and you’re getting bang for your buck. It’s a win-win.”

Next up, Level will launch new modern plans tailored for small businesses. Level is investing in innovative insurance approaches—even creating a captive and holding risk—to make big benefits available to small businesses that typically only enterprises offer. The full suite of products will allow companies of all sizes—from 2 employees to 20,000—to provide better benefits for their teams.

“If anyone can make paying with benefits feel simple, it’s Level,” said Samir Kaul from Khosla Ventures. “Paul’s expertise in payments at Square combined with his insurance knowledge from Oscar uniquely qualifies him to tackle this problem. Level can do for insurance and benefits what Square Cash did for person-to-person payments—and his team comes straight from building similarly transformative products.”

About Level

Level builds financial products for people-first businesses. Level makes it easy for people to pay with their benefits dollars, while helping businesses and their teams save money. Starting with dental and vision, Level is rebuilding insurance to create more coverage through straight-forward plans, flexible networks, and fast payments. The founding team comes from companies that have simplified payments and insurance, like Square, Oscar, and Uber. Level started in 2018 in New York City, and is backed by Khosla Ventures, Lightspeed Venture Partners, First Round, Homebrew, BoxGroup, and Precursor Ventures. Learn more at level.com.

Share article on social media or email: