PolicyGenius has built a marketplace for consumers who want to evaluate multiple insurance carriers and policies all in one place. People searching for a policy can answer a series of questions and find multiple options available to them.
Consumers increasingly are going online to search for insurance, and when they do, PolicyGenius wants to be right there to help them find the right policy. To expand its offerings and support more customers, the company raised a $30 million Series C funding round led by Norwest Venture Partners. PolicyGenius has built a marketplace for consumers who want to evaluate multiple insurance carriers and policies all in one place. People searching for a policy can answer a series of questions and find multiple options available to them. By working with various insurance providers, PolicyGenius has built a quoting engine and allows consumers to compare policies they are eligible for side-by-side. The company also has an “insurance checkup” tool to help customers discover and close gaps in their insurance coverage.