Arch Insurance has expanded its suite of digital solutions with the acquisition of Thimble, an insurtech platform for small business customers and agents.
Since May 2018, Thimble has delivered more than 170,000 policies to small businesses across the United States, and works with a variety of carriers including Markel and Employers.
Following the acquisition, the Thimble team will continue growing the business with its existing carrier partners and offer new solutions through Arch.
“At Arch, we’re always looking to expand our digital solutions and create new, easy ways to do business with us,” said Jay Rajendra, Arch’s Chief Strategy and Innovation Officer.
“The Thimble team has created a best-in-class digital experience for small business customers and agents to acquire and manage insurance,” Rajendra added. “We’re excited about growing the Thimble platform and applying many of its digital practices across Arch to better serve our partners.”
Jay Bregman, Co-Founder of Thimble, also commented: “We are delighted to join the Arch family. The entire Thimble team is looking forward to working with Arch and our existing carrier partners to grow the platform. I’m equally excited to see how our team’s digital experience can benefit Arch and its distribution partners.”
