FutureProof Technologies, a venture-backed insurtech startup, has launched a new personal lines property insurance program with Bridge Specialty Group designed to provide excess and surplus (E&S) coverage for condo and renters in catastrophe-prone regions across the southeastern United States, including Florida and Texas.
Bridge Specialty Group, a global insurance wholesale broker, will apply its distribution network and carrier capacity to drive product sales and retail agent appointments.
Leveraging these Bridge Specialty Group assets aims to establish a best-in-class solution for the Southeast’s personal lines insurance marketplace.
The partnership combined FutureProof’s AI underwriting technology, which provides instant quotes, with Accelerant’s data-driven risk exchange.
Addressing the shortage of traditional coverage due to severe weather, the program aims to deliver essential capacity. Bridge Specialty Group will assist retail agencies by providing personal lines expertise and extensive market access to improve placement speed and fit in catastrophe-exposed regions.
“Condo and renters policyholders in catastrophe-prone states like Florida and Texas are among the most underserved in the country,” said Alisa Valderrama, Co-Founder and Co-CEO of FutureProof Technologies. “By partnering with Accelerant and Bridge, we can bring our AI-powered view of risk to a segment that has been largely underserved, delivering fast, accurately priced coverage to the people who need it most.”
The efficacy of FutureProof’s AI-driven technology and the significant market demand are evidenced by the company writing over $1 billion in total insurable value since the launch of its MGA and Agency in August 2024.
By analysing granular, property-level data FutureProofs’s technology platform facilitates an end-to-end automated underwriting process that generates highly predictive quotes in real time.
Accelerant’s Risk Exchange provides FutureProof with the stable, long-term capacity needed to grow the program with confidence, along with data analytics infrastructure and operational support that allow the MGA to focus on what it does best: underwriting profitably.
FutureProof’s API-driven platform enables appointed agencies to receive instant quote indications, streamlining the placement process and giving agents a powerful new tool to serve clients in historically difficult-to-place markets.
“FutureProof has built something genuinely different,” said Joe Failla, chief operating officer of Bridge Specialty Group. “Their ability to deliver instant, AI-priced quotes on condo and renters coverage in Florida and Texas gives our retail brokers a competitive edge in markets where finding quality coverage can be challenging. Bridge will bring this capability to market through our wholesale Personal Lines platform, combining specialized agent support with broad market access to help agencies serve customers who are struggling to find options.”
